The Junior Sector Reignites

The long-suffering junior exploration community rebounded with vigor in 2020, illustrated by new listings on the TSXV increasing by 71% in 2020, with the amount of capital raised increasing by 89%. On February 24th, 2021, when the annual TSXV Venture 50 list was announced, mining saw the largest market capitalization increase of all the sectors with 1092%. While a correction in the PM market at the start of 2021 coincided with the rise of cryptocurrencies and the hysteria of the Robinhood generation of investors, macro conditions are aligned for mining to flourish in the years ahead, and the development of junior projects will be key to replenish resources and reserves.

Background image courtesy of Avalon Advanced Materials