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Critical minerals · Structured finance
Financing the minerals that matter.
Energy security, AI infrastructure, defence and the energy transition are driving sustained demand for critical minerals. Yet junior exploration markets have contracted, generalist equity has retreated, and Basel III has pushed banks out of early-stage lending — leaving quality projects capital-starved. Natural Resource Capital channels institutional balance sheets back into discovery via asset-linked notes intended for admission to trading on an FCA-regulated venue.
A structured instrument backed by critical mineral interests.
USD-denominated, MiFID II transferable notes — asset-linked, security-trusteed, and priced by formula against the underlying mineral exploration interests.
Intended for admission to trading on an FCA-regulated venue
Diversified mineral interest collateral
Rules-based pricing — not manager-set
Key risks
An investment in these notes carries significant risk.
Capital loss. You may lose some or all of the capital you invest. The notes are not capital-guaranteed.
Illiquidity. The notes are not retail products and any secondary market is expected to be limited.
Valuation uncertainty. Underlying mineral interests are valued by formula but exploration assets carry inherent valuation uncertainty.
Early-stage exploration. Many underlying interests are pre-discovery; a material proportion may not progress to production.
Single-issuer concentration. All notes are issued by Natural Resource Capital Ltd; investors carry issuer credit risk.
Currency & regulatory. Notes are USD-denominated and subject to evolving regulatory frameworks across multiple jurisdictions.
Important information
This page is issued by Natural Resource Capital Ltd. It is directed only at persons who are (i) investment professionals within the meaning of Article 19 of the FPO, (ii) high net worth companies and other persons falling within Article 49(2)(a) to (d) of that Order, or (iii) Professional Clients or Eligible Counterparties as defined under MiFID II. It is not directed at, and must not be acted on by, retail investors or any other person. The instruments referenced are not available to retail investors. This page is provided for information only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to invest in any security. Any investment involves significant risk, including possible loss of capital. Past performance is not a reliable indicator of future results. Prospective investors should seek independent legal, tax and financial advice before making any investment decision.
For mineral interest holders
Direct capital for quality projects.
If you hold mineral exploration interests with genuine geological merit, NRC can provide capital for project development — with you retaining meaningful long-term economics. We work with private explorers, listed juniors, estates, trustees and holders seeking liquidity. Initial conversations cost nothing and are treated in confidence.
Valuation to recognised standards. Your project is assessed using established geological and economic frameworks — transparent methodology, not opaque pricing.
Long-term revenue participation. Our structures preserve meaningful upside for mineral interest holders through exit and operating revenues.
Confidential, no-cost initial review. An initial discussion costs you nothing and is treated in strict confidence.
Privacy notice
How we handle your personal data.
This notice explains how Natural Resource Capital Ltd ("NRC", "we") handles personal data in connection with this website and any communication you send us.
Who we are
NRC is the data controller. NRC is a company registered in England and Wales (Company No. 16857417), with its registered office at Congress House, Lyon Road, Harrow, England, HA1 2EN.
What data we collect
This website does not use cookies, analytics, or tracking of any kind. We collect personal data only when you choose to send it to us by email — for example, your name, email address, employer, role, and the contents of any message you send.
How we use it
We use the data you send to respond to your enquiry, to consider whether to engage with you in connection with our business, and to keep a record of our communications. Our lawful basis for processing is our legitimate interest in operating and developing our business in response to enquiries you initiate.
Who we share it with
We do not sell, rent, or share your personal data with third parties for marketing purposes. We may share data with our professional advisers (legal, audit, regulatory) where reasonably necessary, and with regulators or law enforcement where required by law.
How long we keep it
We retain enquiry correspondence for as long as we reasonably require it for the purposes set out above, typically up to seven years to comply with UK statutory record-keeping obligations, after which it is deleted.
Where we store it
Personal data is held within the United Kingdom and the European Economic Area. We do not transfer data outside the UK/EEA without appropriate safeguards.
Your rights
Under UK GDPR, you have the right to access the personal data we hold about you, correct it, ask us to delete it, restrict our use of it, and object to our processing. You also have the right to complain to the Information Commissioner's Office (ico.org.uk).
Contact
For any data protection question or to exercise your rights, please email enquiries@nrcapital.io.
Updates
We may update this notice from time to time. The version date below indicates when it was last revised.