On July 9, 2026, Phoenix Metals Corp. completed an upsized initial public offering of 34,000,000 common shares of the company at a price of $1.25 per common share for total gross proceeds of $42.5 million.
The offering was conducted through a syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc., as joint-lead managers and joint bookrunners, and including Haywood Securities Inc. and RBC Dominion Securities Inc.
Cassels acted for the underwriters.