Maple Leaf Critical Minerals Raises $28.27 Million in Initial Closing

Maple Leaf Critical Minerals 2024-II Enhanced Flow-Through Limited Partnership has announced the successful completion of its initial closing, raising gross proceeds of $28,269,550 on October 4, 2024. With books reopened, the final closing is scheduled for October 30, 2024.

The partnership aims to provide Series A and Series F holders of National and Québec Class Units with opportunities for capital appreciation and tax benefits. Investors in National Class can expect tax deductions of approximately 144%-152%, while Québec Class investors may receive up to 154% in deductions for 2024.

Actively managed portfolios will preserve options for future liquidity events, such as a rollover into a mutual fund corporation. A syndicate of agents led by Scotia Capital Inc. is spearheading the offering, available across all Canadian provinces.