Resource Capital Funds

Resource Capital Funds is a Denver-based private equity investment firm founded in 1998, specializing in the metals, minerals, and mining sectors. The firm focuses on partnering with companies to develop sustainable businesses that aim to deliver superior returns to stakeholders. It invests globally in both public and private mining enterprises, targeting projects that range from post-exploration properties to producing assets. As a Registered Investment Adviser, Resource Capital Funds is dedicated to fostering strong, successful ventures within the mining industry.

John Beczak

CFO and Partner

Ross Bhappu

Partner, Head of Private Equity Mature Funds

Francesco Bressi

Principal

Lyle Bruce

Partner

Russ Cranswick

Partner, Head of Opportunities Fund

David Halkyard

Partner and Head of Credit

Josh Parrill

Partner, Member of Opportunities Fund and Investment Team Leader

David Thomas

Managing Director, Canada

Martin Valdes

Managing Director, Latin America

Michele Valenti

Partner, COO

Past deals in Natural Resources

Defense Metals

Post in 2024
Defense Metals Corp. is a junior exploration company based in Vancouver, Canada, focused on acquiring and exploring mineral properties, particularly those containing rare earth elements. The company holds an option agreement for the Wicheeda project, which spans 1,708 hectares in British Columbia. Established as First Legacy Mining Corp. and rebranded in December 2018, Defense Metals is dedicated to sourcing essential resources that support global energy needs and contribute to national defense initiatives. Through its exploration efforts, the company aims to play a significant role in the supply of critical metals necessary for modern technology and defense applications.

Defense Metals

Post in 2023
Defense Metals Corp. is a junior exploration company based in Vancouver, Canada, focused on acquiring and exploring mineral properties, particularly those containing rare earth elements. The company holds an option agreement for the Wicheeda project, which spans 1,708 hectares in British Columbia. Established as First Legacy Mining Corp. and rebranded in December 2018, Defense Metals is dedicated to sourcing essential resources that support global energy needs and contribute to national defense initiatives. Through its exploration efforts, the company aims to play a significant role in the supply of critical metals necessary for modern technology and defense applications.

NorZinc

Acquisition in 2022
NorZinc Ltd. is a Canadian company focused on the exploration and development of natural resource properties, primarily in the fields of zinc, lead, and silver. Its principal asset is the Prairie Creek mine, an advanced-stage project located in the Northwest Territories, which is rich in zinc, lead, and silver deposits. Additionally, NorZinc holds a mineral land package in central Newfoundland that contains various mineral deposits, including copper and gold. Founded in 1965 and headquartered in Vancouver, NorZinc aims to contribute to responsible resource development while advancing its exploration initiatives. The company was previously known as Canadian Zinc Corporation before rebranding in September 2018.

NorZinc

Post in 2022
NorZinc Ltd. is a Canadian company focused on the exploration and development of natural resource properties, primarily in the fields of zinc, lead, and silver. Its principal asset is the Prairie Creek mine, an advanced-stage project located in the Northwest Territories, which is rich in zinc, lead, and silver deposits. Additionally, NorZinc holds a mineral land package in central Newfoundland that contains various mineral deposits, including copper and gold. Founded in 1965 and headquartered in Vancouver, NorZinc aims to contribute to responsible resource development while advancing its exploration initiatives. The company was previously known as Canadian Zinc Corporation before rebranding in September 2018.

NorZinc

Post in 2021
NorZinc Ltd. is a Canadian company focused on the exploration and development of natural resource properties, primarily in the fields of zinc, lead, and silver. Its principal asset is the Prairie Creek mine, an advanced-stage project located in the Northwest Territories, which is rich in zinc, lead, and silver deposits. Additionally, NorZinc holds a mineral land package in central Newfoundland that contains various mineral deposits, including copper and gold. Founded in 1965 and headquartered in Vancouver, NorZinc aims to contribute to responsible resource development while advancing its exploration initiatives. The company was previously known as Canadian Zinc Corporation before rebranding in September 2018.

Orezone Resources

Post in 2021
Orezone Gold Corporation (ORE:TSX) is a Canadian exploration and development company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa that can be developed in phases to reduce capital expenditure requirements. The deposit is situated 85 km east of the capital city, adjacent to an international highway. The Company announced the highlights of its NI 43-101 Compliant Bomboré Feasibility Study in April 2015 and submitted its application for a mining permit in May 2015. Pending permitting and full project financing, production could commence as early as the end of 2017. The Company's mission is to create wealth for its stakeholders by discovering and mining the earth's resources in an efficient, responsible manner.

Orezone Resources

Post in 2020
Orezone Gold Corporation (ORE:TSX) is a Canadian exploration and development company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa that can be developed in phases to reduce capital expenditure requirements. The deposit is situated 85 km east of the capital city, adjacent to an international highway. The Company announced the highlights of its NI 43-101 Compliant Bomboré Feasibility Study in April 2015 and submitted its application for a mining permit in May 2015. Pending permitting and full project financing, production could commence as early as the end of 2017. The Company's mission is to create wealth for its stakeholders by discovering and mining the earth's resources in an efficient, responsible manner.

Japan Gold

Post in 2019
Japan Gold Corp, formerly Sky Ridge Resources Ltd, is a Canada-based gold exploration company that focuses on assets in Japan. Its project areas include Ikutawara, Numanoue, Aibetsu, Buho, Ponkutosan, Minamikyabe, Kobui and Eboshi. The main shareholder of the Company is Southern Arc Minerals Inc.

Adventus Mining

Post in 2019
Adventus Mining Corporation is a mineral exploration and development company focused primarily on copper and gold projects in Ecuador, Canada, and Ireland. The company's key asset is the Curipamba property in Ecuador, which is currently advancing through a feasibility study. Adventus is also involved in a nationwide exploration alliance in Ecuador, including the Pijili and Santiago copper-gold porphyry projects. In addition to its main projects, Adventus holds a portfolio of exploration initiatives and equity investments in Ireland and Canada, which are supported by commercial partners. Founded in 2016 and headquartered in Toronto, the company aims to leverage its diverse exploration activities to enhance its position in the mining sector.

Osino Resources

Post in 2019
Osino Resources is a Canadian gold exploration company dedicated to the acquisition and development of gold projects, primarily in Namibia. The company's key asset is the Osino Gold Project, situated in the Central Plateau region of Namibia. In addition to its operations in Namibia, the company also maintains a presence in Canada. Through its focus on these regions, Osino Resources aims to advance its gold exploration initiatives and contribute to the mining sector.

Japan Gold

Post in 2018
Japan Gold Corp, formerly Sky Ridge Resources Ltd, is a Canada-based gold exploration company that focuses on assets in Japan. Its project areas include Ikutawara, Numanoue, Aibetsu, Buho, Ponkutosan, Minamikyabe, Kobui and Eboshi. The main shareholder of the Company is Southern Arc Minerals Inc.

Orezone Resources

Post in 2018
Orezone Gold Corporation (ORE:TSX) is a Canadian exploration and development company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa that can be developed in phases to reduce capital expenditure requirements. The deposit is situated 85 km east of the capital city, adjacent to an international highway. The Company announced the highlights of its NI 43-101 Compliant Bomboré Feasibility Study in April 2015 and submitted its application for a mining permit in May 2015. Pending permitting and full project financing, production could commence as early as the end of 2017. The Company's mission is to create wealth for its stakeholders by discovering and mining the earth's resources in an efficient, responsible manner.

Noront Resources

Post in 2017
Noront Resources Ltd. is a Canadian mining company focused on the exploration, development, and acquisition of mineral properties, particularly in the Ring of Fire region of Northwestern Ontario. The company targets a variety of base and precious metals, including nickel, copper, platinum group metals, chromite, iron, titanium, vanadium, gold, and silver. Its flagship project is the Eagle's Nest, which is a significant nickel-copper-platinum-palladium deposit. Additionally, Noront holds high-grade chromite and copper-zinc volcanic massive sulfide deposits as part of its McFauld's Lake Project. Incorporated in 1980 and headquartered in Toronto, Noront Resources was previously known as White Wing Resources Inc. before rebranding in 1983.

Noront Resources

Post in 2017
Noront Resources Ltd. is a Canadian mining company focused on the exploration, development, and acquisition of mineral properties, particularly in the Ring of Fire region of Northwestern Ontario. The company targets a variety of base and precious metals, including nickel, copper, platinum group metals, chromite, iron, titanium, vanadium, gold, and silver. Its flagship project is the Eagle's Nest, which is a significant nickel-copper-platinum-palladium deposit. Additionally, Noront holds high-grade chromite and copper-zinc volcanic massive sulfide deposits as part of its McFauld's Lake Project. Incorporated in 1980 and headquartered in Toronto, Noront Resources was previously known as White Wing Resources Inc. before rebranding in 1983.

Lydian International

Post in 2017
Lydian International is a gold-focused mineral development corporation that specializes in exploring and developing precious metals assets, primarily in Armenia and Georgia. The company's flagship project is the Amulsar Gold Project, which is set to become Armenia's largest gold mine. The project boasts total estimated mineral resources of 5 million ounces, with a targeted annual production of 200,000 ounces. The Mining Right for Amulsar was approved in late 2014, enabling Lydian to advance its development plans. The Amulsar project is designed as a large-scale, low-cost operation that employs open pit mining and conventional heap leach processing techniques.

Ausenco

Acquisition in 2016
Ausenco is a provider of project management and engineering services focused on the resources and energy sectors. The company offers a comprehensive range of services that span the entire project lifecycle, including preliminary feasibility studies, conceptual design, construction, and ongoing asset management and optimization. With expertise in commissioning and plant operations, Ausenco supports clients in successfully delivering multi-billion dollar projects while ensuring efficient management and maintenance. The company's commitment to high global standards positions it as a leader in the industry, catering to the diverse needs of its clients.

Champion Iron

Post in 2016
Champion Iron Limited is an iron ore exploration and development company with properties located in the heart of Canada’s premier iron ore mining district, the Labrador Trough. Champion Iron is one of the largest landholders of highly prospective iron ore claims.

Lydian International

Post in 2015
Lydian International is a gold-focused mineral development corporation that specializes in exploring and developing precious metals assets, primarily in Armenia and Georgia. The company's flagship project is the Amulsar Gold Project, which is set to become Armenia's largest gold mine. The project boasts total estimated mineral resources of 5 million ounces, with a targeted annual production of 200,000 ounces. The Mining Right for Amulsar was approved in late 2014, enabling Lydian to advance its development plans. The Amulsar project is designed as a large-scale, low-cost operation that employs open pit mining and conventional heap leach processing techniques.

TMAC Resources

Private Equity Round in 2014
TMAC Resources Inc. is a Canadian mineral exploration and development company focused on gold mining. The company holds a 100% interest in the Hope Bay Project, which spans 1,101 square kilometers in the Kitikmeot region of western Nunavut Territory. Established in 2012 and headquartered in Toronto, TMAC Resources aims to explore, develop, and mine the significant resource potential of the Hope Bay greenstone belt, which is recognized as a promising site for future gold production. The company is committed to responsible and economically sustainable practices in its mining operations.
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