About BaseCore Metals

BaseCore Metals, an independent 50/50 joint venture between Glencore and Ontario Teachers’ Pension Plan Board, is the leading base metals focused streaming and royalty company.

BaseCore Metals provides strategic, long-term and friendly financing to mining operators giving them superior access to capital for funding of exploration and development, mine expansions, mergers and acquisitions, balance sheet flexibility and reclamation obligations. Both precious and non-precious metals companies will benefit from a long-term partnership with BaseCore Metals and its competitive cost of capital while having the opportunity to leverage the global brands of parent shareholders Glencore and Ontario Teachers’.

Unique Value Proposition

BaseCore Metals differentiates itself from its competitors by being able to offer a suite of services and ancillary benefits to mining companies, including:

BESPOKE FINANCING

Ability to provide bespoke financing solutions to suit operators needs.

MARKET VALIDATION

Market validation by an independent 3rd party, owned by two credible investors.

TECHNICAL SERVICES

Customized technical service agreement with Glencore to achieve operational milestones.

GLOBAL NETWORKS

Strong access to global networks to support business operations.

Investment Criteria

Targeting high-quality base metal streams and royalties in mining friendly jurisdictions.

METALS

Copper, zinc, nickel, cobalt, tin, lead, molybdenum and other industrial metals.

DEVELOPMENT STAGE

Producing assets: Capital for growth, relative value arbitrage, M&A or debt reduction.
Development assets: Capital for organic development and construction of mining projects.

INVESTMENT SIZE

Up to $1 billion.

REGION

Americas, Australia, Europe.

STRUCTURE

Streams, Net Smelter Royalties, Net Profit Interests and similar structured financing.

ESG STANDARDS

Strong track record of successful community engagement, mine site safety, environmental management and corporate governance.

OFFTAKE

Opportunity for stand-alone base metals offtake and marketing with Glencore.