March 14, 2025 — InvestorNews.com host Peter Clausi interviewed Peter Nicholson, Founder and President of WEALTH (WCPD Inc.), at PDAC 2025, highlighting significant updates in flow-through share financing and critical minerals. The conversation opened powerfully with Nicholson confirming the crucial extension of the Mineral Exploration Tax Credit (METC) by the Canadian federal government, remarking, “Wilkinson knows how important mining is. It was a nice present for PDAC.” Nicholson emphasized the continued advantage for investors, noting the dual opportunities in critical and non-critical minerals, including gold and silver, benefiting both individual and corporate participants through tax credits. He succinctly captured the complex nature of these transactions, saying, “It gives the premium to the mining companies and the discount for the liquidity providers that take the stock market risk.”
Nicholson shared remarkable success stories, underscoring a particularly impressive achievement with Skeena Resources Limited (TSX: SKE | NYSE: SKE): “We helped finance them when they were a penny stock… now we finance them at $17. They’re a 1.7Bn, and we did the biggest structured flow-through in history [$100 million in June 2024].” He described a recent extraordinary week, likely the best in WEALTH’s 37-year history, which saw the firm arranging substantial financings: $40 million for Skeena Resources Limited, $20 million for West Red Lake Gold Mines Ltd. (CSE: WRLG), and another $40 million for Power Metallic Mines Inc. (TSXV: PNPN | OTCBB: PNPNF). Nicholson elaborated on WEALTH’s meticulous matching process, stating, “We needed 350 investors to gobble up millions of Power Metallic Mines Inc.,” highlighting the scale and complexity of connecting individual and corporate investors with resource exploration companies.
Discussing the nuances of timing in flow-through investments, Nicholson provided strategic insights, advising against late-year investments due to increased competition and limited availability: “We had about $20 million on our waiting list.” Nicholson continued, “We try to educate investors to buy early—you get a better deal.” He confidently addressed potential regulatory concerns, noting optimistically that the capital gains increase has been deferred: “The capital gains got pushed off to January 1st, 2026… I think it’s dead for years to come, which is fantastic.” Nicholson’s informed commentary reflected both his deep industry expertise and WEALTH’s strategic role in financing Canada’s critical mineral exploration landscape.
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