Brady Fletcher: Energy Metals Should Have a Positive Year

TL;DR

PDAC 2018 showed a resurgence in the mining space with increased financing activity, and the TSX Venture is seeing growth in diversified metals, blockchain, cannabis, and life sciences.

Transcript

investing news network and I'm here with Grady Fletcher the managing director of the TSX Venture Brady how has PDAC treated you so far thanks Olivia it's good to be here BAC this year is actually really exciting you know I think when we're here last year you really saw the saw the number of people who were showing up and the energy that was going o... Read More

Key Insights

• 👾 PDAC 2018 showcased a strong resurgence in the mining space, with increased financing activity recorded on the TSX Venture.
• 👾 The demand for diversified metals, particularly from growing industries like electric vehicles, is driving the growth in the resource space.
• 🙈 The TSX Venture is focused on expanding and diversifying its stock list, with growth seen in blockchain, cannabis, and life sciences.

Questions & Answers

Q: How has PDAC 2018 shown a resurgence in the mining space?

PDAC 2018 recorded a substantial financing activity of $6.1 billion on the TSX Venture, and 52% of that was invested in the mining sector. The increased attendance and energy at the event indicate a growing interest in mining companies.

Q: What is the outlook for the resource space as a whole?

The managing director of the TSX Venture believes that the resource space is in its early stages of growth. With more capital available for investments, particularly in diversified metals, and the increasing demand for these metals from industries like electric vehicles, the sector is poised for further expansion.

Q: Apart from the mining sector, where is the most growth being seen currently?

While the TSX Venture is still predominantly weighted towards the mining sector, growth is also observed in other areas such as blockchain, cannabis, technology, and life sciences. The TSX Venture aims to diversify its stock list to accommodate these emerging trends.

Q: How does the TSX Venture ensure investor education and maintain integrity among high-risk sectors like blockchain and cannabis?

The TSX Venture focuses on disclosure and maintaining integrity through compliance regulations. The exchange employs a compliance team that ensures companies communicate their business plans and meet continuous disclosure obligations. Full background checks and tailored initial listing requirements are also conducted to maintain integrity.

Summary & Key Takeaways

• PDAC 2018 witnessed a strong resurgence in the mining space, with $6.1 billion raised on the TSX Venture last year, primarily in the mining sector.

• The growth in the resource space is expected to continue as the demand for diversified metals, driven by electric vehicles and other industries, continues to rise.

• The TSX Venture is focused on expanding and diversifying its stock list, with a significant emphasis still on the mining sector. However, growth is also seen in blockchain, cannabis, and life sciences.