Notice. FG Capital Advisors is a trade and capital advisory firm with a focus on carbon, commodities, and structured credit. The firm provides analytical support, financial modelling, sponsor-side advice, and transaction support around commodity and resource-linked capital structures. FG Capital Advisors is not a bank, lender, broker dealer, or retail investment adviser and does not provide retail investment advice. Any investment vehicle referenced is offered only to eligible investors pursuant to confidential offering documents and applicable law, through regulated counterparties under their own licences and documentation. All potential transactions are subject to KYC and AML checks, sanctions screening, investment committee decisions, and independent legal and tax advice on the investor side.
Junior Mining Exploration Fund
Early-stage exploration is where mine supply is born, and where disciplined capital can be paid for taking real geological and execution risk. Our focus is Africa. We target discovery and resource growth across priority jurisdictions, with strict project screening and staged funding tied to technical milestones.
Current assets under management are approximately USD 200 million plus across the fund and related co-investment arrangements, offered to eligible investors under confidential documents. Targets and outlook statements are not guarantees. Exploration is high risk and can result in total loss.
Request Investor MaterialsWhy Metals Demand Keeps Rising
The world is pulling more metal through the system. Power grids, energy storage, electrification, data centers, defense supply chains, and industrial growth increase demand for copper, nickel, lithium, cobalt, graphite, manganese, rare earth elements, and high-quality gold as a store-of-value exposure. At the same time, new economic deposits are harder to find, permitting timelines are longer, and capex inflation raises the hurdle rate for marginal projects.
That tension creates an opportunity, but only for investors who respect the risk and can underwrite projects like operators, not like tourists. Junior exploration is not a passive yield play. It is a discipline.
- Demand drivers are structural and multi-year in nature, not quarterly.
- Discovery scarcity raises the value of credible targets and technical proof.
- Capital markets for juniors are cyclical, which can create attractive entry points.
Africa Risk Aversion Is Real. We Built For It.
Many allocators remain cautious on Africa for reasons that are not irrational. Title risk, permitting friction, logistics, security, governance quality, community dynamics, and enforcement uncertainty can all punish weak process. The problem is that broad risk aversion often becomes lazy screening, which creates a vacuum where only the loudest stories get funded.
We take a different route. We do not buy slogans. We underwrite each project around what can be proven, who controls the ground, how work is executed, and how downside is managed before the drill hits the ground.
Jurisdiction And Title First
We start with enforceable mineral rights, chain-of-title review, licence conditions, and renewals. If the ground position is weak, everything else is a distraction.
Technical De-Risking With Milestones
Funding is staged against technical objectives such as mapping, geochemistry, geophysics, drilling programs, and QA/QC. We avoid open-ended budgets without measurable outputs.
Local Execution And Controls
We work with vetted operators and service providers, with clear procurement rules, site controls, and reporting cadence. If governance is informal, outcomes tend to be random.
Community And ESG As A Operating Constraint
Community engagement, environmental baselines, and permitting alignment are treated as required workstreams, not PR. Social licence is part of risk control.
What We Invest In
The fund targets early-stage exploration where disciplined capital can drive value creation through discovery, resource definition, and de-risking work that supports credible future financing. We prefer projects with clear geological thesis, credible management, and a work program that can be audited.
- Brownfield and near-mine targets with known mineralization and a clear vectoring plan.
- High-conviction greenfield plays when the thesis is supported by regional analogs and strong geoscience.
- Commodity focus on critical minerals and strategic metals, plus selective gold where the geology and access are right.
- Structures that allow staged capital, governance rights, and reporting.
Experience, Expertise, And Technical Partners
Exploration outcomes depend on talent and process. Our model is built around technical partners and operating advisers sourced from top-tier market talent, with combined track records across African exploration, resource estimation, mine development pathways, and public-market and private-capital execution. The bench matters more than the branding.
Geology And Resource Discipline
Target generation, drill planning, QA/QC, and data integrity checks designed to stand up to third-party review. Where applicable, we align workstreams with recognized reporting codes and independent technical opinion.
Engineering And Path To Development
Early thinking on metallurgy, infrastructure, and route-to-market so the project does not chase a discovery that cannot be built. Technical realism is part of underwriting.
Legal, Title, And Compliance Support
Local counsel coordination, licence compliance review, and structured documentation for investment protections. We treat enforceability and sanctions screening as non-negotiable.
Capital Markets And Transaction Execution
We support governance, reporting, and transaction structuring so projects can progress through follow-on rounds with credibility. The goal is repeatable financing, not one-off funding.
Due Diligence And Closing Procedure
We run a structured screening and closing workflow designed for professional capital. The sequence below is a typical pathway. Steps can vary by jurisdiction and structure.
| Phase | What Happens | Outputs |
|---|---|---|
| 1) Intake And Screen | Initial review of geology thesis, ground position, team credibility, budget, and timeline. High-level jurisdiction screen, sanctions screening, and red flag review. | Pass or decline. If pass, a diligence plan and data request list. |
| 2) Technical Review | Data room review, historical work validation, sampling QA/QC review, target logic and drill plan assessment. Where appropriate, independent third-party checks. | Technical memo with risks, milestones, and recommended funding structure. |
| 3) Legal And Title Work | Chain-of-title review, licence status, renewal conditions, permitting pathway, material contracts, and local compliance items. | Legal diligence summary and closing conditions list. |
| 4) Structure And Terms | Governance rights, staged capital plan, use-of-proceeds controls, reporting cadence, and milestone triggers. Negotiation of economics and protections. | Term sheet and draft definitive documentation pathway. |
| 5) Investment Committee | Final review of technical, legal, operational, and reputational risk with proposed terms and monitoring plan. | Approved, conditional approval, or decline with documented rationale. |
| 6) Closing And Onboarding | KYC and AML, sanctions screening, execution of definitive documents, funding mechanics, and reporting setup. | Closed position with monitoring calendar and reporting templates. |
Monitoring is continuous. Where capital is staged, release is tied to defined technical deliverables and verification of work completed.
What Investors Receive
This is built for professional allocators who want access, discipline, and transparency in a segment that is often sold with marketing and managed with improvisation. Our investor materials and reporting are designed to be institutional-grade, subject to the final offering documents.
- Clear pipeline visibility and underwriting rationale for each approved position.
- Work program milestones, budget controls, and staged funding logic where applicable.
- Regular reporting cadence and variance commentary.
- Governance terms, protections, and defined information rights, subject to negotiated documentation.
Africa is not a single risk profile. Good projects exist, and bad ones exist, and the difference is usually visible if you run real diligence. If you are an eligible investor looking for early-stage mining exposure with a disciplined technical process and structured monitoring, we invite you to request the confidential investor package.
We will share the investor deck, diligence approach, sample reporting, and the subscription pathway, subject to eligibility, confidentiality, and applicable law.
Contact Investor RelationsDisclosure. This page is for general information only and does not constitute legal, tax, investment, financial, or regulatory advice. Nothing on this page is an offer to sell or a solicitation of an offer to buy any security. Any investment vehicle will be offered only pursuant to confidential offering documents and only to eligible investors in compliance with applicable law. Targets, outlook statements, and pipeline references are not guarantees. Investments in junior exploration are speculative and involve a high risk of loss, including the possible loss of all invested capital. Liquidity, subscriptions, redemptions, lock-ups, gates, and notice requirements, if any, are governed by final documents.
