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NR/Minexia positions to become Uber of mining finance

Snapshot

  • A specialist platform for mining investors
  • Aimed at juniors looking to raise between US$1-US$5mln
  • Dealflow already over US$6mln
Aftermath Silver -

What it does

NR Private Market is owned by Minexia, a specialist advisory business run by a team of highly experienced mining industry professionals.

Chairman Tim Livesey is the chief executive of Oriole Resources, Drew Craig is an exploration and development specialist while chief executive Richard Lloyd is a 25-year veteran of mining, geology and M&A.

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 [NR] 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.

“Our initial business model targeted facilitating the development of mining operations via a typical GP/LP (general partner, limited partner) fund model.”

The platform has raised money for Aftermath Silver Ltd (TSE:AAG), Vendetta Mining Corp, Cobra Resources, and Kincora Copper Inc (CVE:KCC), a deal flow totalling around £6mln.

 

How it is doing

Lloyd says it has accelerated the development of its investor lounge to help juniors cope with the coronavirus crisis.

All technical reports, corporate presentations and weblinks can now be hosted via the investor lounge on the platform, he said.

There is no going back to the way fundraisings used to be carried out after the disruption eases, Lloyd believes.

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.

Lloyd says funding activity has slowed because of the coronavirus disruption, but the investor lounge allows companies to maintain their profile and be ready when the activity does start to pick up again.

 

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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