North River Resources plc

North River Resources plc is a UK-based mining company engaged in the extraction and production of zinc and lead concentrates, serving diverse industries worldwide. North River Resources plc specializes in the mining and production of base metals, primarily zinc and lead. The company is headquartered in London, UK. In July 2016, North River Resources raised USD 12.

00 mn in a PIPE funding round led by Greenstone Resources, which completed its total fundraising of USD 12. 00 mn through this deal. The company has executed a total of 3 deals since its inception. North River Resources primarily focuses on the extraction and production of zinc and lead from its mining operations.

The company's core product offerings include zinc concentrate and lead concentrate, which are crucial raw materials utilized in various industries such as construction, automotive, and electronics. The products are developed through a staged mine production approach, optimizing construction capital while allowing a gradual ramp-up in accordance with resource expansion from ongoing exploration activities. North River Resources serves a diverse client base, including industrial manufacturers and trading firms that require these metals for their operations. The geographical markets for these products extend beyond Namibia, reaching international clients across Europe and Asia, where the demand for zinc and lead remains robust.

North River Resources generates revenue through the sale of its zinc and lead concentrates, which are typically transacted through B2B arrangements with industrial clients and trading companies. The revenue structure stems from direct sales agreements, where clients place orders based on their production requirements, and pricing is established based on current market rates for zinc and lead. The company’s flagship products include zinc concentrate containing 6. 6% zinc and lead concentrate containing 2.

3% lead, both derived from its JORC-compliant ore reserves. Transactions typically involve negotiated contracts for bulk purchases, providing clients with a steady supply of essential raw materials for their manufacturing processes. North River Resources is expected to leverage its recent funding of USD 12. 00 mn to enhance its mining operations and increase production capacity.

The company aims to expand its market presence in Europe and Asia, targeting new clients by the end of 2017. Funding from the latest PIPE deal will be utilized to optimize mining infrastructure and support exploration activities to identify additional reserves.