The Direct Equities division has two parts: Strategic Investments; and an On-Market Portfolio.
Strategic investments are typically larger investments where Metal Tiger seeks to positively influence the management of investee companies to enhance shareholder value.
MOD Resources Limited - MOD Resources is an ASX and LSE listed mining company with copper projects in Botswana, Africa. Metal Tiger holds 67,686,791 ordinary shares of ASX listed MOD Resources Limited representing 19.9% of the issued share capital, and 4,825,168 subscription rights with a nil exercise price.
Thor Mining plc - Thor Mining is an AIM listed mining company with tungsten and copper projects in Australia and the USA. Metal Tiger has an investment of 74,050,000 ordinary shares representing 9% of the issued ordinary share capital of Thor Mining.
The On-Market Portfolio is the direct purchase of listed mining equities and warrants with a view of making significant capital gain in the short and long term as a result of market mispricing or an increase in underlying commodity prices. Investments are typically traded on the TSX, ASX and AIM.
Significant investments include:
Greatland Gold plc – Greatland Gold is an AIM listed mining company with gold projects in Australia. Metal Tiger holds 14,700,000 ordinary shares of Greatland Gold.
Arkle Resources plc (formerly Connemara Mining plc) – Arkle Resources is an AIM listed mining company with gold and zinc projects in Ireland. Metal Tiger holds 9,669,952 ordinary shares of Arkle.
When evaluating strategic and on-market investments, Metal Tiger considers the following factors:
- favourable commodity price outlook
- track record of management
- ability for the Metal Tiger management team to “add value” through corporate governance, financial and technical expertise
- potential to substantially increase the value of a mining asset through exploration and development, regardless of commodity price performance
- low and medium risk geographic jurisdictions
- ability to exit
Current Warrant or Option Holdings
Table updated 9 March 2020
|Company||No. of Warrants or Options||Exercise Price||Exercise Period Ending|
|Arkle Resources plc (AIM: ARK)||4,800,000||1.8p||
11 Sep 2020
|iMetal Resources Inc (TSX: IMR.V)||670,000||Can$0.20||
18 Mar 2021
|Aurelius Minerals Inc (TSX: AUL)||2,000,000||Can$0.06||
16 April 2021
|Los Cerros Limited (ASX: LCL)||750,000||A$0.10||
11 Feb 2022