Structured Equity
Joint Ventures

Our equity joint venture structure aligns interests, shares risk, and creates lasting value for both project developers and institutional investors. Learn how our approach differs from traditional mining finance.

What is a Structured Equity JV?

A structured equity joint venture is a partnership where an investor provides capital in exchange for equity ownership in a mining project. Unlike traditional debt financing, the investor becomes a partner in the project's success, sharing both upside potential and downside risk.

This approach aligns their interests with the project owner's. When the project succeeds, both parties win. When challenges arise, they face them together as partners, not as debtor and creditor.

The JV structure is designed specifically for mining projects, incorporating industry-specific considerations like development milestones, commodity price volatility, and operational complexity.

JV vs Traditional Debt

Aspect Equity JV Traditional Debt
Risk Sharing ✓ Shared between partners ✗ Fully on project owner
Interest Alignment ✓ Perfectly aligned ~ Potentially conflicting
Cash Flow Impact ✓ No fixed payments ✗ Regular interest/principal
Flexibility ✓ High, partnership-based ✗ Rigid covenants
Upside Participation ✓ Full equity upside ✗ None, fixed returns only

Investment Ranges

Our equity joint venture structure scales from $50M to $500M, accommodating projects at various stages of development

1

Early Stage

$20M - $100M
Pre-feasibility to feasibility stage
Resource definition and expansion
Infrastructure development
Environmental permitting
Timeline: 12-24 months to production
2

Development

$100M - $300M
Construction and development
Equipment procurement
Plant construction
Commissioning activities
Timeline: 6-18 months to production
3

Commercial

$300M - $500M
Operational optimization
Expansion and growth
Working capital
Acquisition opportunities
Timeline: Immediate cash flow

Valuation Methodology

Our in-ground asset valuation approach recognizes the true value of your mineral resources

In-Ground Asset Valuation

Traditional valuation methods often undervalue mining projects by focusing solely on current cash flows. Our in-ground asset valuation approach considers the full potential of your mineral resources, recognizing that every ounce in the ground has intrinsic value.

1

Resource Assessment

Measured, indicated, and inferred resources with confidence factors

2

Commodity Pricing

Long-term price forecasts and market cycle analysis

3

Development Risk

Technical, environmental, and regulatory considerations

4

Market Comparables

Recent transactions and public market valuations

Valuation Factors

Resource Quality

Grade, tonnage, metallurgy, and extraction complexity

Weight: 35%

Development Stage

Permitting status, infrastructure, construction readiness

Weight: 25%

Market Dynamics

Commodity outlook, demand trends, supply constraints

Weight: 20%

Management Team

Experience, track record, execution capability

Weight: 20%

Why Partners Prefer JV Over Lending

Institutional investors increasingly favor equity joint ventures for mining exposure

Upside Participation

Equity partners share in the full upside potential of successful projects, including resource expansion, commodity price appreciation, and operational improvements.

Risk Mitigation

Risk is shared between partners rather than concentrated on the borrower. This creates more resilient capital structures that can weather market volatility and operational challenges.

No Fixed Payments

Unlike debt with mandatory interest and principal payments, equity partnerships don't require fixed cash outflows, preserving capital for project development and operations.

Strategic Partnership

Equity partners often bring additional value through industry expertise, relationships, and strategic guidance, creating synergies that benefit the project's long-term success.

Capital Efficiency

Without debt service requirements, more capital is available for project development, operational improvements, and growth initiatives that create long-term value.

Portfolio Diversification

For institutional investors, equity joint ventures provide direct exposure to mining assets and commodity cycles, diversifying beyond traditional equity and fixed income investments.

Ready to Explore a Joint Venture?

Our equity joint venture structure could be the perfect fit for your mining project. Let's discuss how we can partner together to unlock your project's full potential.