For several years Jubilee Platinum has developed successful proprietary processing techniques which optimise the process of metal recovery from waste in an environmentally sustainable manner. In early 2016, RiverFort identified Jubilee Platinum, headquartered in South Africa and listed on the AIM market of the London Stock Exchange, as the ideal partner with which to begin implementing a strategy of New Age Metal producer investments, keying in on the company’s firm commitment to the rehabilitation of the adverse environmental footprints left by legacy mining. Combining its own in-house expertise covering the tailings retreatment industry, its advanced technological skills and various partnerships with blue-chip global mining conglomerates, Jubilee Platinum has placed itself atop the global residual metal recovery industry.
In early 2016, RiverFort arranged and participated in a US$15 million financing package for Jubilee Platinum, combining a mix of senior and mezzanine debt alongside third party equity funding, enabling the commencement of construction on one of the world’s most advanced metal recovery plants.
Based on the success of Jubilee Platinum’s metal recovery plant operations, in August 2017 RiverFort arranged a further US$50 million strategic project finance agreement with a syndicate of investors for the company. Going forward, the investors will provide senior-secured asset finance to projects sources, diligence and operated by Jubilee Platinum, and will allow the company to accelerate towards successfully unlocking the large global potential that exists in the reprocessing of surface materials.