RCF provided “stay in business” funding when the copper price was 65 cents/lb. RCF also supported the Company’s strategy to acquire the Neves-Corvo copper mine in Portugal and provided financial guarantees. In 2004, prior to the Neves-Corvo acquisition, EuroZinc had a marked cap of C$100 million and 3 years later we sold the company for C$2.0 billion.
By leveraging its international expertise and recognizing a good new exploration discovery, RCF provided financing to support project development which would have been delayed due to limited funding available for early-stage private companies. In addition to providing direct funding, RCF’s strong support was viewed as a positive signal by other institutional investors who were encouraged to co-invest, leading to a successful fund raising for the company.
RCF’s investment enabled us to complete the acquisition of the Kitsault project and its continued support has allowed us to aggressively advance the project towards a production decision.
RCF’s recognition of our asset’s potential and persistence in acquiring a significant interest in our company went against the grain of the broader market’s interest at the time.
RCF’s long term view, expertise and “steady hand” helped us achieve our aims.
RCF’s technical and continued financial support has enabled Wolf to successfully progress the Company’s Tungsten and Tin project to the point of construction.
RCF providing Wolf Minerals with a funding package that allowed us to develop the early stages of the project and acquire all of the necessary approvals to commence construction and develop the Hemerdon tungsten and tin project in the UK.
RCF has been an excellent long term partner for Finders Resources over the years. They have been patient and supportive through unforeseen delays and provided flexible and innovative funding structures to assist the company through a difficult market environment. They have been active at the board level adding value through their expertise and access to their global network.
RCF was the major investor in a private company to buyout the Gold Ridge project in the Solomon Islands and continued to be the major shareholder for 7 years which included an IPO on TSX until the company was acquired by an existing producer.
RCF supported the refinancing of the company and followed up with the back stopping of a company making acquisition with a creative and non-dilutive structure.
RCF’s willingness to re-invest cashflows from the operations allowed Tarn to expand its coring business without over-leveraging the company.