Mining Finance for Institutional Investors

Minestarters Provides Structural Rails for Institutional Mining Finance

A Bermuda Segregated Accounts Company (SAC) framework handles custody and valuation for curated baskets of junior mining projects. Access is limited to eligible investors and depends on your jurisdiction.

Institutional mining finance structure

How it Works

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    You commit capital to a vault focused on a specific mining asset or portfolio.

    Each vault ties to a specific curated basket, typically five junior mining projects, sourced through direct industry relationships and ongoing tracking of listed juniors. Your capital funds that basket directly.

Infrastructure for Qualified Mining Investors

Investor Access illustration

Investor Access


Minestarters works with institutional allocators and family offices who already understand multi-year horizons and commodity cycles. Every participant is verified before they see an offering. Eligibility depends on local securities laws and accreditation requirements.

Token Issuance & Representation illustration

Token Issuance & Representation


Your capital is recorded as a proportional economic interest in a Segregated Account that holds the mining assets directly. You receive vault tokens representing that interest, tied to the specific account your capital sits in. No fund of a fund, no intermediary layer between you and the underlying assets.

Cashflow & Reporting illustration

Cashflow & Reporting


Mining assets generate cash in the real world. We reconcile it against source documents before any of it moves.

Diligence & Risk illustration

Diligence & Risk


We turn down far more projects than we take, and that still does not remove the risk from mining.

Meet the Minestarters Team

Minestarters is run by operators, not technologists experimenting with a new asset class. The team pairs three decades of junior mining and exploration experience with capital markets and blockchain infrastructure backgrounds built through prior ventures. The people who built this structure are the same people reviewing every project that runs through it.

Marcel Nally

Marcel Nally

Founder, Executive Chairman & CEO

Edward Ryall

Edward Ryall

Chief Operating Officer

Reuben Rodrigues

Reuben Rodrigues

Chief Technical Officer

Compliance & Infrastructure

Minestarters is built on regulated partners and is in the process of securing formal licensing in Bermuda.

Bermuda SAC

Custody Structure

DABA (BMA)

Application Submission in Progress

Frequently Asked Questions

Getting Started

What is mining finance?

Mining finance is how exploration and mining projects get funded, from early exploration through to production. It covers equity raises, private placements, royalties, streaming agreements, and offtake deals. Junior explorers are the hardest part of that market to fund, because the projects are small, technical, and early.

How does a curated mining basket differ from buying individual junior mining shares?

A curated basket groups several project exposures under one investment thesis, while buying an individual junior gives exposure to that company. A basket can spread project-specific risk, but shared commodity, jurisdiction and financing risks can still affect several holdings together.

Who is eligible to access Minestarters investment opportunities?

Access is intended for eligible institutional, qualified or accredited investors, depending on their jurisdiction. Eligibility and identity checks are required before access to an offering; registering interest does not establish eligibility or create an investment commitment.

Who is behind Minestarters?

Minestarters is led by Founder and Executive Chairman Marcel Nally, a geologist with over 30 years' experience in junior mining and the founder of Moxico Resources. The team combines mining, capital markets, and technology backgrounds. Full bios on the Team page.

Structure & Valuation

How is net asset value calculated for a basket of mining projects?

Net asset value is the estimated value of the holdings less liabilities; NAV per unit divides that amount by the units outstanding. For private mining interests, review the valuation date, method and assumptions, because an estimated NAV is not necessarily an achievable sale price.

Does a technical reporting standard prove that a mining project is economic?

No. A reporting standard establishes disclosure requirements, but the report’s findings, project stage and supporting assumptions still need examination; an exploration result or mineral resource is not the same as a mineral reserve supported by the required studies.

What is a Bermuda Segregated Accounts Company (SAC)?

A Bermuda SAC is a single legal entity that can hold multiple segregated accounts, each with its own assets and liabilities kept separate from every other account in the company. Minestarters custodies mining assets inside a Bermuda SAC, so a problem in one account cannot reach the assets held in another.

What is a vault token?

A vault token is a digital record of your proportional economic rights to a specific Segregated Account. It does not represent ownership of Minestarters, and its value comes entirely from the performance of the underlying mining assets in that account.

Risk & Compliance

What due diligence should an investor review before considering a mining basket?

Review the project evidence, ownership and tenure, management, funding requirements, proposed terms and principal risks. The assessment should connect geological claims to source documents and examine how the holdings fit together, including concentration and future financing needs.

Can I exit a mining investment before the underlying projects are sold or developed?

An early exit depends on the investment terms, transfer restrictions and whether a permitted buyer or redemption mechanism exists. Private mining exposure can be illiquid, so investors should not assume that they can sell when they want or recover the reported value.

What risks remain after mining projects have passed due diligence?

Due diligence does not remove geological uncertainty, development delays, cost increases, commodity-price exposure or jurisdictional risk. Financing may be unavailable and an investment may be difficult to sell; investors can lose all of their committed capital.

Technology risk also applies to the digital systems used to record and administer an investment.

How can I check Minestarters’ current licensing and availability status?

Minestarters and its operating entities are in the process of submitting applications for Digital Asset Business Act (DABA) licences from the Bermuda Monetary Authority. The licences have not yet been granted. Ask the team to confirm Minestarters’ current licensing status and which services are available in your jurisdiction. An application for a licence is not an approval, and website information should not be read as an open investment offer.

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