Mining capital markets advisory

From junior explorers to producing miners, Stellium brings deep capital markets expertise to one of the most technically demanding sectors for institutional investor engagement.

What mining investors test

Resource qualityGeology, classifications, independent verification
Development pathwayRoute to production, permitting, execution risk
JurisdictionPolitical risk, operating environment, discount rate
Management credibilityTrack record, equity story, institutional conviction
Funding and dilutionCapital structure, dilution risk, funding pathway
Reporting standardsNI 43-101, JORC compliance and disclosure

Capital markets advisory for mining companies

Mining is one of the most demanding sectors in which to be properly understood by the market. Reserve estimates, resource classifications, production metrics, cost guidance and commodity price sensitivity all shape how a sophisticated, sector-literate investor base prices a company.

Stellium has spent over a decade advising mining companies at every stage. We understand NI 43-101, JORC and the disclosure frameworks applicable to TSX, TSX-V and ASX-listed miners.

Where Stellium helps

01Investment narrative development for exploration and development-stage companies
02Institutional investor introductions and roadshows in London and internationally
03Ongoing capital markets programme support: results, corporate updates and operational milestones
04Market-facing communications for mining investor audiences
05Capital raise support and investor targeting
06Positioning versus sector peers and benchmark companies

Across the mining spectrum

Each commodity has its own investor community, valuation framework and communication requirements.

Precious Metals

Gold, silver - specialist retail and institutional audiences with specific valuation frameworks.

Base Metals

Copper, zinc - industrial demand drivers, macro sensitivity, and institutional commodity fund interest.

Critical Minerals

Lithium, cobalt, rare earths - energy transition demand, supply chain geopolitics, and ESG-mandated capital.

Bulk Materials

Iron ore - production scale, cost discipline, and infrastructure-grade investor expectations.

Mining investors do not price geology in isolation. They test resource quality, development pathway, jurisdiction, funding structure and disclosure credibility together. The companies that earn institutional conviction are the ones that present each element clearly and consistently.

Open pit mine showing geological strata and development infrastructure

Most of our mining mandates involve companies listed on TSX or TSX-V in Canada, and the ASX in Australia. Our London base means we are also ideally placed to support UK investor relations for AIM and Main Market listed miners, and for international companies seeking to access UK institutional capital.

TSX TSX-V ASX AIM Main Market
Disclosure frameworks NI 43-101 JORC
Next Step

Close the gap between technical progress and market understanding.

If you are approaching a capital raise, a new listing, or a repositioning and believe an experienced capital markets perspective would be valuable, we welcome a direct conversation.