Sokoman said it intended to raise C$6.5 million, with Sprott making the lead order of $5 million.

It planned to issue units at 26c, to advance its Moosehead gold project in Newfoundland, where it has pointed to parallels with Kirkland Lake Gold's high-grade Fosterville mine in Australia. 

New Age Metals also said Sprott had made the lead order, of $1 million, as it closed the first tranche of a placement raising $3.6 million at 16c per unit and 20c per flow-through unit.

The company, which also has lithium projects, is aiming to raise $5.25 million.

It planned to mainly use the proceeds from the units offering to complete a prefeasibility study for its flagship River Valley PGM project in Ontario.

Meanwhile, Sprott anchored Honey Badger's $3 million placement priced at 7c per unit by investing $1 million, the junior said.

Its chairman Chad Williams voluntarily reduced his subscription to "accommodate high demand from other investors" and it said he now held 9.9% on an undiluted basis.

The company planned to use the proceeds to advance exploration on its Thunder Bay silver portfolio in Ontario and for general working capital purposes.

Honey Badger was hoping to raise a further $1.5 million through a separate placement at 15c per flow-through share.

Sprott made one of his biggest individual investments in a silver company last year, acquiring 5 million shares of First Majestic Silver for $78 million in a bought deal.

Sokoman's shares (TSXV: SIC) had reached a one-year high of 44c last week and closed up 3.8% on Friday to 40c to value it about $58 million (US$46 million).

Honey Badger shares (TSXV: TUF) are also near a one-year high, closing up 3.7% to 14c to capitalise it at $14.7 million (US$11.7 million).

New Age shares (TSXV: NAM) shares are trading around a 12-month midpoint and lost 3% to close at 15.5c, putting its market cap at $21.6 million (US$17.3 million).