The CEO of Soar Financial, Kai Hoffmann, believes that the resource market in 2023 was not as dismal as it appeared. In a recent recording of Kitco Roundtable at the Vancouver Resource Investment Conference 2024, Hoffmann pointed out that total financings in 2023 were actually higher than in 2022. He also highlighted the fact that while many junior projects are struggling to secure funding, high-quality projects are still able to attract investment. Hoffmann cited examples of recent investments in January, including Solaris Resources receiving a $130 million investment from Zijin Mining, FPX Nickel securing $45 million in funding, and Samsung investing $18 million in Canada Nickel.
According to Hoffmann, the key factor in securing funding is the value of the project. High-quality projects with significant value are still able to attract investment, despite the challenging resource market. Hoffmann’s positive outlook for the resource market in 2023 underscores the resilience of the industry and the continued potential for growth and investment in the right projects.
The news of Hoffman’s optimistic outlook on the resource market in 2023 is a breath of fresh air amidst the generally negative sentiment surrounding the industry. Despite the overall challenges, Hoffmann’s insight on the ability of high-quality projects to secure funding showcases the continued opportunities for growth and investment in the resource sector. With examples of successful investments in January, Hoffmann’s perspective highlights the potential for value-driven projects to thrive in the current market environment.