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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Michael Mackasey, Vice Chairman,

RED CLOUD SECURITIES

"We know our clients backwards, and are constantly in front of investors making sure the markets know what is going on within these companies."

With over 40 years of experience in capital markets, what drew you to Red Cloud Securities?

Bruce Tatters and I worked together from 1996 to 2000. I worked at the National Bank and ran their equity capital markets, sales and trading and their institutional training research areas. Eventually I worked at Macquarie, and Bruce and I worked on a deal together. When their institutional desk shut down Bruce needed someone who knew their way around the markets over at Red Cloud, so I joined. I originally returned on a part time basis since I was theoretically retired, but it has become a full-time job. In the past year, we have been able to ramp up the infrastructure side of Red Cloud so that we can serve our clients more efficiently.

Which kinds of innovative strategies does Red Cloud use for mining companies to access greater pools of capital?

We focus on emerging markets, the junior mining space, and know the landscape inside out. We are able to streamline and structure issues so that they become the most attractive possible. Mostly though, we just know our clients backwards, and are constantly in front of investors, making sure the markets know what is going on within these companies. We can provide advice in terms of their financial structure, make sure to keep them out of trouble, and ensure they truly understand their reality. We get behind our clients not only for the capital raising part, but across the chain, including settlements, investment banking and advisory. On that basis, we probably know our clients best, which is why we have had such growth and success in the two years since becoming an IIROC dealer.

What advice would you give to investors that wish to work with Red Cloud and how do you think markets will evolve?

We have a very rigorous process to decide whether we are going to take on a client or not. We predominantly take a look at the resource potential and management team. Reputation matters, and if we are not convinced that the team will be able to deliver on what it started developing, we do not work with them. Red Cloud’s clients are as important as our issuers’ source of capital.

I do not think we are in a large inflationary period. We will see rates increase, but it is too early to tell whether this is really going to be an inflationary period like it was in the 70s. One of the big opportunities on the mining side is batteries. I still think we are going to see gold over US$2,000 by the end of 2022 —inflation or not. Gold is a hard asset with a long history. We will also see more nuclear plants, which is good for uranium markets. The whole market is pretty nervous at this point but I am bullish about the future; you do not get growth without raw materials.

Next:

Interview: IBK Capital