Cadillac Mines Corp. and some of its backers are seeking to raise as much as C$363 million ($258 million) in an initial public offering, adding to the mining-driven rebound of public listing activity in Canada.

The gold miner's planned listing underscores renewed investor appetite for precious metals exposure amid economic uncertainty. If successful, the offering would mark one of the larger mining debuts on the Toronto Stock Exchange this year, following a period of subdued capital markets activity for junior producers.

Proceeds would fund exploration and development at the company's flagship projects in mining-friendly jurisdictions. The IPO comes as major miners replenish reserves through acquisitions, creating potential exit opportunities for well-positioned juniors. Market observers note the offering's timing aligns with gold prices holding near multi-year highs, providing a favorable backdrop for equity issuance.

Cadillac Mines joins a pipeline of resource companies testing public markets, signaling confidence in the sector's fundraising window after two years of volatility.