Mining Private Equity in Africa | FG Capital Advisors

Notice. FG Capital Advisors is a trade and capital advisory firm with a focus on carbon, commodities, and structured credit. The firm provides financial modelling, analytical support, and sponsor side advice around commodity finance, trade facilities, and related capital structures. FG Capital Advisors is not a bank, lender, credit insurer, broker dealer, or retail investment adviser and does not issue loans, guarantees, or insurance products. Any facility, guarantee, derivative, or investment is provided by regulated counterparties under their own licences and documentation. All potential transactions are subject to KYC and AML checks, sanctions screening, credit and investment committee decisions, independent legal and tax advice on the client side, and formal agreements with those regulated entities.

Mining Private Equity in Africa

Africa holds some of the most strategic battery metals resources supporting the global energy transition. But capital does not follow geology alone. It follows disciplined acquisition logic, credible technical work, clear licensing, and a value creation plan that stands up to institutional review.

FG Capital Advisors invests in battery metals assets through a dedicated platform focused on transforming distressed mining assets into profitable investments. We target nickel, manganese, copper, cobalt, tin and lithium across select African corridors, managing each project from acquisition to the point where the resource has been proven, with a typical holding period of 3 to 5 years.

View Battery Metals Investment Fund

Our Battery Metals Investment Thesis

The battery metals cycle is creating both opportunity and dislocation. In emerging markets, high-quality assets can become distressed due to undercapitalisation, governance gaps, or weak technical execution rather than poor geology. Our approach is to identify these dislocations and apply disciplined capital and project management.

  • Acquire or partner into distressed or undervalued battery metals assets with clear upside from technical proof and structured governance.
  • Implement a staged development plan focused on resource definition, permitting progress, and early commercial validation.
  • Build a clean institutional-grade file for strategic buyers, larger funds, or blended capital partners at later stages.
  • Target value creation that aligns with responsible development and measurable local economic impact.

This strategy is designed to support clean energy supply chains while pursuing attractive, evidence-based returns.

Metals We Actively Focus On

Our investment mandate focuses on battery metals that are essential in the transition towards sustainable energy and electrification.

  • Nickel for high-energy-density battery chemistries and evolving industrial demand.
  • Manganese supporting cost-efficient cathode pathways and regional supply diversification.
  • Copper as a core electrification metal across grids, EVs, and industrial infrastructure.
  • Cobalt where risk-managed supply and responsible production remain critical.
  • Tin for electronics, energy systems, and specialised industrial applications.
  • Lithium across hard rock and emerging development pathways where governance and execution are credible.

We only advance opportunities where licensing, technical pathways, and execution capability can be demonstrated to institutional standards.

Our Value Creation Model, From Acquisition to Resource Proof

We manage each project through a disciplined, stage-based plan that aligns capital with measurable milestones. The objective is to transform uncertainty into bankable evidence.

  • Asset acquisition or structured partnership with clear control rights and governance.
  • Rapid technical triage to validate historical data and identify the most efficient drilling and study pathway.
  • Resource definition and feasibility progression focused on realistic capex, opex, and logistics assumptions.
  • Permitting, stakeholder, and ESG frameworks proportionate to stage and footprint.
  • Commercial pathway framing for future offtake, strategic partnerships, or project-level funding.

The core end point is a proven resource and a clean, investable story for the next owner or capital partner.

Target Holding Period and Exit Logic

Our typical holding period is 3 to 5 years, reflecting the time needed to move an asset from distressed or underdeveloped status to a resource-proven opportunity with clearer institutional demand.

  • Exit pathways may include strategic buyers, larger private equity platforms, or structured partnerships that scale development or processing.
  • Value uplift is driven by technical proof, governance upgrades, and credible commercial positioning.
  • We prioritise evidence-based milestones over speculative timelines.

This approach supports disciplined capital recycling while maintaining rigorous project standards.

Why This Matters for Developing Countries

A well-capitalised and well-governed battery metals strategy can do more than generate investor outcomes. It can accelerate responsible resource development, strengthen local supply chains, and support long-term economic benefits where projects are operated.

  • Rehabilitate distressed assets that might otherwise remain stalled or underproductive.
  • Improve safety, environmental, and governance practices through structured oversight.
  • Support job creation, infrastructure development, and local service ecosystems.
  • Contribute to the credibility of African battery metals supply within global procurement frameworks.

Our strategy is built to align responsible development with commercial discipline.

What We Look For in a Battery Metals Opportunity

We focus on assets where the gap is solvable and the path to resource proof is realistic within our holding horizon.

  • Licences with clear status, renewal logic, and permitted activities.
  • Evidence of geological potential that can be confirmed through disciplined programmes.
  • A credible route to infrastructure, logistics, and export frameworks.
  • Stakeholder and community approaches that can be formalised early.
  • Governance structures that allow for transparent capital deployment and oversight.

We remain selective. The goal is not volume of deals, but quality of outcomes.

How FG Capital Advisors Integrates Advisory and Investment

Alongside our investment focus, we maintain sponsor-side advisory capabilities across modelling, capital strategy, and structured financing pathways. For battery metals assets that fit our mandate, our investment platform may be relevant. For other mining sponsors, our advisory work can help shape a cleaner institutional fundraising story.

  • Investor-grade modelling with staged capex, ramp-up, and downside logic.
  • Capital pathway design across equity, structured equity, offtake-linked capital, and working capital layers.
  • Data room structuring that prioritises committee-relevant evidence.
  • Practical risk mapping across licensing, cost, logistics, and offtake assumptions.

Where any transaction involves regulated financial products or execution, those elements are delivered by appropriately licensed counterparties.

FG Capital Advisors’ battery metals strategy is focused, stage-based, and built for institutional standards. We invest in nickel, manganese, copper, cobalt, tin and lithium assets, targeting disciplined value creation from acquisition to resource proof within a 3 to 5 year horizon.

If you are an investor seeking exposure to this mandate, or an asset owner with a battery metals opportunity that fits this thesis, our fund platform may be relevant.

Explore The Battery Metals Fund

Disclosure. FG Capital Advisors provides financial modelling, analytical, and advisory services. The firm does not originate, offer, or sell securities, loans, deposits, guarantees, or insurance products and does not accept client money. Any investment strategy, fund reference, or asset opportunity described on this page is provided for commercial and informational context only and may be subject to eligibility requirements, internal approval, conflict checks, and formal documentation. Mining and battery metals investments involve operational, technical, legal, market, environmental, and policy risk. Nothing on this page is a recommendation or a solicitation to enter into any transaction or to buy or sell any financial product. Any engagement with FG Capital Advisors is subject to KYC and AML checks and sanctions screening where required, and the terms of a formal engagement letter or applicable fund documentation.