Mining

Tristream Capital Invests in Namibia's Aukam Graphite Project, its First African Investment

Tristream Capital Invests in Namibia's Aukam Graphite Project, its First African Investment
Tuesday, 18 June 2024 18:36

Tristream Capital offers alternative financing solutions to mining companies, in exchange for royalties on production. Its current portfolio includes investments in Latin America and Asia.

Tristream Capital, a company that offers alternative financing solutions to mining companies in exchange for royalties on production, is planning to inject £3 million ($3.8 million) into the Aukam graphite project in Namibia.

According to project owner Gratomic, Tristream will receive a 5% royalty on graphite sales from Aukam. It was revealed on June 17 that the two companies have signed a non-binding letter of intent, with a definitive agreement expected to be signed within three months, subject to due diligence being carried out on Tristream.

Six months after receipt of the investment, Tristream will receive the sales royalty for 5.5 years, after which the royalty will be reduced to 1% over the remainder of the mine's life.

This is Tristream's first investment in Africa, but the company has previously invested in lithium assets in Argentina, gold in Peru and Mexico, and zinc and silver in Asia. No resources or mineral reserves have yet been identified in the Namibian project. However, Gratomic has been operating a processing plant since 2023, with a planned production of 12,000 tonnes by November 2024.

On the same topic
• Harena Resources takes full control of Madagascar rare earths project• Ampasindava deposit holds 606,000 tonnes of TREO reserves• Mine construction cost...
As African power systems still heavily rely on fossil fuels, waste-to-energy is emerging as a credible path to diversification, attracting a growing...
Rhino's Volans-1X well is at target depth in PEL 85; results are expected within coming four to six weeks. Capricornus-1X flowed 11,000 bbl/day of...
Dangote Group signed a $2.5 billion deal with Ethiopia’s sovereign fund to build a fertilizer plant in Gode. The factory will produce 3...
Most Read
01

It’s a common scene in any Lomé (Togo) market, but it’s telling. A customer hands a 10,000 CFA franc...

The Change Shortage: A Crisis Hidden by the CFA Franc’s Stability
02

Egypt’s handset market is projected to leap from $2.5 billion in 2025 to $4.8 billion by...

Egypt’s $2.5B-to-$4.8B Smartphone Surge Set to Reshape Africa’s Tech Map by 2031
03

Burkina Faso ends Target Malaria, a GMO mosquito project funded by the Gates Foundation. The ...

Burkina Faso Halts a Malaria Program Backed by Bill and Melinda Gates Foundation
04

Egypt and UNECA launched a five-day workshop in Cairo to strengthen maritime tax audits and IFRS-b...

Egypt Bolsters Maritime Tax Collection With UN Economic Commission Training
05

Sadot and Vodacom’s MOTI launch Africa’s first telco-powered farm-to-fork app to cut crop losses a...

Sadot, Vodacom-Backed MOTI Launch Africa’s First Telco-Powered Farm-to-Fork App  
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.