In this episode, we chat with Richard Carleton, CEO of the Canadian Securities Exchange, who provides a modern and efficient alternative for companies looking to access the Canadian public capital markets
With qualifications in law and history, Richard and the CSE team have positioned the exchange to take a leading role in the provision of public capital to entrepreneurial companies; since 2014, the CSE has set a series of records for new listings, capital raised by issuers, and trading turnover. Richard shares his thoughts on the fluctuations in commodity prices and why it's affecting our industry, speaks about the geopolitical tensions that we are experiencing today, the progress being made toward addressing abusive short selling, carbon and DEI reporting requirements, and encouraging public pension plans to allocate capital to Canadian small caps and much more.
KEY TAKEAWAYS
The CSE serves as a modern and efficient alternative for companies seeking access to Canadian public capital markets, particularly for early-stage companies in sectors like mining, technology, and life sciences.
Fluctuations in commodity prices significantly affect funding for exploration and development companies. The ability to secure investment is closely tied to the perceived value of the underlying minerals, and there are concerns about potential manipulation of prices that could hinder investment in Canadian resources.
There is a growing recognition among Canadian provincial and federal governments of the need to support mining infrastructure, including roads, rail, and refining capabilities, to enhance the country's position as a reliable supplier of critical minerals.
The CSE is working with regulators to address abusive short selling practices in the junior mining sector. Changes to rules and the clearing and settlement system are expected to reduce the prevalence of short selling, improving the market experience for junior companies.
There is momentum behind encouraging Canadian public pension plans to allocate capital to small-cap companies, particularly in the mining sector. This shift is seen as crucial for providing the necessary funding for exploration and development, which has historically relied on retail investors.
BEST MOMENTS
"What we don't have... is in the infrastructure required to move the ores to refining and smelting capability."
"I think it's fair to say we've seen that impact across the board. It's my sense... that the world price is being manipulated."
"Mining is a provincial responsibility... it's really up to the provinces to provide the permitting, the rules, the regulations around exploration and mining development."
"There are still a significant number of brokers that do provide advisory services to the mining industry specifically."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer:
Insurance risk surveys recognised as an industry standard
Construction risk reviews
Asset criticality assessments and more
Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com
GUEST SOCIALS
https://thecse.com/
https://www.linkedin.com/company/canadian-securities-exchange/
https://www.youtube.com/channel/UCHAlYSqAf_2dGADm9yiqTiw
https://x.com/CSE_News
https://www.instagram.com/canadianexchange/
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world c