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TRUBAR Inc. a better-for-you snacking company focused on delivering high-quality, plant-based protein products was acquired by ETİ Gıda Sanayi ve Ticaret A.Ş., a Türkiye-based CPG company focused on snack products. TRUBAR agreed to a cash offer of C$1.64/share, representing a 64% premium to last close and about 2.4x trailing 12 months’ revenues. Clarus acted as financial advisor to TRUBAR in connection with the transaction.

NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho. Clarus acted as lead agent for the offering to be used by the Company to advancing its Limousine Butte gold-antimony project (Nevada), Nutmeg Mountain gold project (Idaho), Zeus copper project (Idaho), working capital and general corporate purposes.

White Gold Corp. is a Canadian gold exploration company. The Company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares representing approximately 40% of the Yukon’s emerging White Gold District. Clarus acted as lead agent for the offering to be used by the Company to incur exploration expenditures on its properties in the White Gold District of the Yukon Territory prior to December 31, 2026 and for working capital and general corporate purposes.

Collective Mining Ltd. is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The Company has options to acquire 100% interest in two projects located directly within an established mining camp with ten fully permitted and operating mines. Clarus acted as co-manager on the offering to advance the flagship Guayabales Project, including further exploration investment, technical studies and underground development, other opportunities, and for working capital and general corporate purposes

Emerita is a natural resource company engaged in the acquisition, exploration, and development of mineral properties in Europe, with a primary focus on exploring in Spain. Clarus co-led the offering to be used by the Company for the exploration and development work on its Spanish mineral properties as well as general corporate and working capital purposes.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. EnWave has developed a proven and scalable drying solution for the food, pharmaceutical and cannabis industries. Clarus co-led the offering to be used by the Company to build two large-scale (60kW-120kW) Radiant Energy Vacuum (“REV™”) dehydration machines.