We provide lender-ready capital raise packaging and debt or equity placement support for business owners and buyers looking to secure serious term sheets and close funding on a defined timeline.
For business owners and acquirers pursuing private debt or equity, submit your deal for review. We revert within one working day with next steps and either a quote for our services.
Mining Finance | Greenfield Exploration | Africa
Greenfield exploration in Africa can be fundable, yet you do not raise money by posting a concession map and asking for “partners.” You raise money by turning the asset into an investable file: clean title, a credible technical thesis, a work program, a budget, a team investors trust, and a listing or private placement route that fits the stage.
One underrated truth: projects often reach a multi million dollar valuation uplift through correct positioning. Not by hype. By translating what you already have into a format the market can underwrite, compare, and price.
At greenfield stage, investors are underwriting people, process, and repeatability. There is rarely a defined resource, so the “asset” is the right to explore, the quality of the thesis, and the team’s ability to execute cleanly. In Africa, add three hard filters that cannot be handwaved: license security, logistics, and social license.
Greenfield funding is equity risk capital. If you pitch it like project finance, you will waste time. Your job is to show a disciplined path from concept to drill results to resource definition, with clear gates and decision points.
Treat the raise like a controlled build. Each stage produces a work product that increases credibility and usually improves valuation and deal terms. The sequence below is the practical roadmap.
| Step | What you produce | Why it moves valuation | Typical capital sources |
|---|---|---|---|
| 1) Asset hygiene and title | License pack, cadastral checks, obligations calendar, local counsel memo, map files, historical work inventory. | Removes “fatal flaw” risk and shortens diligence. | Founder capital, seed angels, local strategic backers. |
| 2) Technical thesis | Targeting memo, geological model, analog deposits, data gaps, proposed surveys and drilling logic. | Turns a concession into a reasoned exploration hypothesis. | Seed funds, specialist mining angels, prospect generators. |
| 3) Work program and budget | Phased program with gates: mapping, sampling, geophysics, first drill, second drill, resource definition pathway. | Investors can price the plan, not guess what happens next. | Private placements, farm-in, JV. |
| 4) Team assembly | Credible board, technical lead, Qualified Person or Competent Person, local country lead, finance and compliance. | Reduces execution and integrity risk. | Funds and brokers that back track record teams. |
| 5) Market route selection | Private placement plan, or listing plan: exchange choice, reporting code, timetable, advisers, costs. | Creates a liquidity narrative and a repeatable capital access plan. | Public markets investors, specialist brokers, strategic investors. |
| 6) Raise execution | Data room, teaser, deck, use of proceeds, risk disclosures, outreach list, structured follow up and allocation. | Quality execution improves pricing and reduces “tourist investor” noise. | Anchors, follow on investors, strategic allocators. |
| 7) Delivery and reporting | Quarterly technical updates, budget variance, assays, QAQC, permits, ESG and community progress. | Trust compounds. The market pays for discipline. | Reload rounds, strategic earn-ins, secondary raises. |
“Packaging” is not graphics. It is the set of documents that makes the project diligencable. If you want decent valuation, expect to invest time and money into professional work products.
For African greenfield projects, many sponsors choose to raise capital through non African public markets or a private placement route. The correct choice depends on your investor base, reporting code, asset profile, and how quickly you need capital.
Basic structure in practice: a local operating company holds the license(s) in the African jurisdiction, and a holdco is used for fundraising and investor entry. The “best” jurisdiction depends on tax, governance, banking, investor comfort, and securities route. Get proper legal and tax advice.
| Route | Why teams choose it | What the market expects | Technical reporting norms |
|---|---|---|---|
| TSX or TSX Venture (Canada) | Deep mining investor base and established small cap ecosystem. | Technical disclosure discipline, credible QP coverage, clear financing path. | NI 43-101 style disclosure and technical reporting practices. |
| ASX (Australia) | Large exploration market, active retail and institutional participation. | Consistent market updates and structured technical reporting. | JORC aligned public reporting and Chapter 5 reporting expectations. |
| London AIM (UK) | International investor access and adviser led admission process. | Independent technical diligence, credible governance, controlled disclosure. | Competent Person’s Report style expectations for mining admissions. |
| JSE (South Africa) | Regional credibility and investor familiarity for African assets. | Formal disclosure and technical reporting aligned to local codes. | SAMREC and Competent Person reporting standards for mineral companies. |
| Private placement only | Faster than listing and flexible for early stage work programs. | Clean data room, clear use of proceeds, realistic valuation and milestones. | Still benefits from independent technical review even if not required. |
Reference links: JORC Code , NI 43-101 (CSA) , AIM mining guidance note , SAMREC overview.
Investors back people at greenfield stage. A credible team is not optional. If you cannot field the right names, expect brutal pricing, slow raises, or zero interest.
Strong packaging costs money. That spend is not “overhead.” It is what makes the raise possible. At greenfield stage, common cost buckets include legal and title work, technical compilation, geophysics and sampling, drilling, assays, reporting, and investor comms.
Budget truth: early stage credibility can be built with disciplined work and clear reporting, yet meaningful drilling campaigns and robust technical reporting can quickly move into high six figures or more. The cost varies by terrain, logistics, security, drilling depth, lab location, and program scale.
Many African licenses sit undervalued because they are presented poorly. The market cannot price what it cannot understand or verify. Repositioning works when it converts scattered information into a coherent investment thesis with credible proof points and a defined plan to generate new data.
If you do this well, you can create a valuation jump before drilling, because the risk discount narrows. You are not “adding ore.” You are reducing uncertainty.
A lot of value in African exploration is trapped in historical datasets: old drilling logs, artisanal mining records, geochemical surveys, airborne geophysics, and government archives. The market ignores it when it is not digitized, not referenced, or not connected to a modern thesis.
Financely supports mining exploration capital raising by packaging the project into an investor ready file, building a clean data room, coordinating technical and commercial inputs, and running a structured outreach process. We focus on execution and investor fit, not broad “blast and pray” distribution.
Relevant pages: Mining Exploration Finance Advisory , Early Stage Mining Project Capital Raising , Greenfield and Brownfield Mining Capital Raising , Mining Capital Raising in Congo , Capital Raising Advisory.
If you have a real license position and a serious exploration thesis, we can help you package it and select the right capital route. We will revert with a practical scope, a document checklist, and a financing plan tied to stage and market realities.
This page is for general information only and does not constitute legal, tax, investment, or regulatory advice. Financely is not a bank and does not lend. Any capital raising is subject to diligence, investor criteria, regulatory constraints where applicable, and definitive documentation. Listing and jurisdiction choices require qualified legal, tax, and securities advice for your specific facts.
Financely advises growth-focused businesses on accessing capital by introducing their opportunities to professional investors. Financely is not a securities broker or dealer. Where appropriate, engagements are coordinated with regulated broker-dealers, investment banks, legal counsel, and other specialists.
Financely does not solicit, offer, or accept orders to buy or sell securities and makes no assurance regarding capital-raising outcomes.
Services are strictly business-to-business. Financely does not provide personal finance, consumer credit, or retail advisory services.
Advisory services are reserved for post-revenue companies that recognize the time and resources required for professional underwriting.
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All mandates start with an RFQ. We review submissions, issue a brief Go/No-Go memo, and where bankable, release a Term Sheet that leads to funding. We arrange capital across Senior Secured, Unitranche, Second Lien/Mezzanine, Preferred Equity, and Gap Solutions. We do not process deals by email or chat.
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Financely Inc. (“Financely”) provides corporate-finance advice and is wholly owned by Aurora Bay Trust, a trust formed under Bahamian law, together with its authorized affiliates. Depending on deal structure, jurisdiction, and local rules, engagements may be carried out through Financely Group LLC, a non-deposit-taking, non-banking financial company; Ashford Capital Advisory LLC; or another related entity.
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