What it does
NR Private Market is owned by Minexia, a specialist advisory business run by a team of highly experienced mining industry professionals.
Chief executive Richard Lloyd is a 25-year veteran of mining, geology and M&A, while Drew Craig is operations and technical officer.
At the heart of the model is the belief that when it comes to junior companies looking to raise between US$1mln and US$5mln, a significant gap still remains.
NR Private Market is an online platform that invites sophisticated and high net worth investors to register and thereby gain access to ongoing fundraising deals, accompanied by a suite of due diligence material.
Each deal varies in terms of size and average investor commitment.
It’s a service that was born out of a frustration with the way the capital markets service the junior mining sector, the founders say.
The initial business model targeted facilitating the development of mining operations via a typical GP/LP (general partner, limited partner) fund model.
How it is doing
During the coronavirus pandemic, NR accelerated the development of its investor lounge to help juniors cope with the crisis.
All technical reports, corporate presentations and weblinks can now be hosted via the investor lounge on the platform.
There is no going back to the way fundraisings used to be carried out after the disruption eases, Lloyd said.
Mining is a conservative business where change is slow, he says, but the industry has been forced to embrace concepts such as video conferencing and platforms such as NR.
The development of the investor lounge is to help companies adapt to the changes underway, he says.
No meeting clients, just a platform where all of the presentations, legal documentation, project details and client on-boarding are there in one place.
The concept is as disruptive as Uber, Airbnb and Netflix in their respective fields, he says.
In March 2021, Minexia and Ragnar Capital Partners inked a partnership agreement to formalise an exclusive arrangement for access to the NR platform for the purposes of fintech deals.
Minexia had already been working with Ragnar, a London-based finance house with a strong focus on corporate finance advisory and capital raising in the technology and fintech sectors, for some time.
Ragnar is contributing a “significant financial, and knowledge based, investment” during 2021, Minexia said.
What the boss says: Richard Lloyd, chief executive
"It's the understanding of the project... We call them the 4 Cs: the commodity, the country, the company i.e. the management, the team behind it, then the concession."
"One of the things that really attracted us to Sonoro was the way they want to get into production," he said about Sonoro Metals, a miner that fits the firm's criteria.
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