Structured debt and equity capital for mining development and production projects. OAKRG arranges project finance facilities from $10M to $500M+ for mines at feasibility, construction, and production stages.
First-ranking secured debt structured against the project's contracted cash flows, covering 50–70% of project cost.
02
Mezzanine Finance
Subordinated debt sitting between senior debt and equity in the capital stack, providing additional leverage at higher rates.
03
Off-Take Backed Lending
Debt structured around signed off-take agreements with creditworthy buyers — smelters, trading houses, or commodity majors.
04
Equipment Finance
Specialist finance for mining equipment — drills, processing plant, haulage fleet — with the equipment as primary security.
05
Construction Finance
Phased drawdown facilities matching construction milestones, converting to term debt upon project completion.
06
Refinancing Structures
Replacing existing high-cost debt with cheaper long-term project finance once the mine is stabilised and producing.
Project Finance
Global Reach
Who This Is For
Clients We Serve
Development Stage
Projects with completed feasibility studies
Construction
Mines under active construction
Producing Mines
Operating mines seeking expansion capital
Resource Majors
Larger companies financing individual projects
Junior Miners
Small caps with advanced projects
Private Companies
Unlisted mining companies at development stage
How We Work
The Process
01
Initial Consultation
We review your capital requirement, stage, and objectives to identify the right structure and investor type.
02
Documentation & Preparation
We assess your materials and identify gaps before investor introductions begin.
03
Targeted Introductions
We make direct introductions to investors with active mandates matching your profile — no mass distribution.
04
Term Negotiation & Close
We support term sheet review and work alongside your legal team through to execution and close.
FAQ
Frequently Asked Questions
Mining project finance is long-term structured debt — typically 5 to 15 years — secured against the project's future cash flows rather than the parent company's balance sheet. Lenders assess the mine's resource, feasibility study, off-take contracts, and operating cost projections.
Most project finance lenders require a completed definitive feasibility study (DFS) or bankable feasibility study (BFS), environmental permits, and ideally a signed off-take agreement.
Project finance for mining typically covers 50–70% of total project cost, requiring 30–50% equity contribution. LTV depends on the commodity, project risk profile, off-take quality, and jurisdiction.
An off-take agreement commits a buyer to purchase a set volume of future mine production. Lenders use off-take contracts to underwrite future revenue — a signed off-take with a creditworthy buyer significantly improves debt capacity and pricing.
Security typically includes: first charge over mining tenements, assignment of material project contracts, charge over project company shares, and assignment of bank accounts.
A project finance facility typically takes 9–18 months from mandate to first drawdown, including independent technical review, environmental assessment, legal structuring, and lender syndication.
Yes, but it's more challenging than for majors. Lenders scrutinise management track record closely. A strong board, experienced mine management team, and strategic off-take partner significantly improve prospects.
Non-recourse means lenders can only look to the project assets for repayment. Limited recourse allows lenders some claim on the parent during construction, releasing after commercial production. Limited recourse is more common.
Yes. OAKRG connects mining projects with project finance lenders, development finance institutions (DFIs), and mezzanine providers across Canada, Australia, West Africa, Southeast Asia, and Latin America.
Get Started
Finance Your Mining Development
OAKRG works with mines at feasibility, construction, and production stage. Tell us your project, stage, and capital requirement.