Demand for copper, lithium and cobalt continues to outpace new supply. Mid-tier producers face a financing gap between exploration equity and large bank syndicates.
Structures that work
Reserve-based loans with a 30%+ reserve tail, offtake-linked prepayment facilities and cash sweeps above price thresholds balance lender protection with sponsor upside.
Diligence focus
JORC / NI 43-101 compliant statements, metallurgical test work and tailings governance now sit alongside water stewardship as core credit topics.
Figures are indicative and do not constitute advice or an offer of credit.
