Local mining sector, investment company Pearl Gray Equity Partners has launched an incubation fund in an attempt to be the driving force behind the resurgence of the local mining sector.
“We’re using the agility presented in private market investments by funding intangible assets such as prospecting licenses, research and subsequently the issuance, water and environmental licenses. We further prepare the landowners by creating the necessary infrastructure to operate by sourcing geologists and operators. The capital is raised by Pearl Gray Equity Partners in order to realise operations,”
says Pearl Gray Equity Partners MD Steve Booyens.
Pearl Gray Equity Partners believes that it is providing landowners, small-scale miners and investors with the opportunity to participate in the mining sector as the popularity of small-scale mining has surged. This surge is owing to the changes in legislation, lower barriers to entry and risk versus reward.
While the company’s long-term goals are set on small-scale mining, it will not ignore the potential of exploration mining and the current appetite for equity on indices such as Canadian stock exchange the Toronto Stock Exchange venture, which makes capital more accessible to strong mining teams who can now roll out projects.
“We’re definitely seeing a change in the accessibility in the world and the mining space is an untapped market, which has the ability to follow a similar trend. We’re looking forward to doing good business and creating an abundance of jobs,” says Booyens.