Corporate advisory and capital firm Molo Capital is supporting companies to advance many significant projects in the natural resources and commodities sectors.
Headquartered in Adelaide, South Australia, Molo Capital are a specialist capital solutions, asset-dealing, and advisory firm with a primary focus on the natural resources and commodities sectors. The company is predominantly focused on raising capital, dealing assets globally, and providing investment solutions to sophisticated wholesale clients.
Extensive experience in capital markets
Launched in 2022, the company is spearheaded by Managing Director Jamie Myers, who has an extensive background in capital markets and a strong family connection to the critical minerals sector. Myers has been in the industry of exploding capital markets for over 15 years, working with a number of broking firms before starting Molo Capital around 12 months ago. Whilst Molo Capital is a solo venture for Myers, the company works in partnership with specialist providers, including legal and geological teams, to offer a thorough and high-quality service for its clients.
Myers told The Innovation Platform: “It is not the first time I have been in business on my own. I moved in and out of broking firms and found that I like to provide solutions and work independently but with a global network of partners.”
Alongside his extensive experience in capital markets, the critical minerals sector has been a familiar industry for Myers since childhood, as his grandfather worked as a mining engineer.
“My grandfather was heavily involved in the Poseidon nickel discovery in Australia, which was famous around the world. Through that association, and introduction, I was naturally led into capital markets and the natural resources sector,” Myers explained.
The evolution of Molo Capital
Myers took his first role broking in the Northern Territory of Australia, where he started a firm just before the global financial crisis (GFC).
“We bought that business about six months before the GFC. I built my career on the back of that business for around five or six years in Darwin before that firm was taken over by a national firm. I spent a lot of time dealing from there with different firms, moving over to the East Coast in Brisbane to continue equities dealing,” he continued.
However, wanting to move into the corporate advisory space, Myers moved back to rebuild the corporate arm of a group in Adelaide. This paved the way for his work in deal structuring, asset dealing, and raising capital, which led to the launch of Molo Capital.
As the company moves closer to completing its first year in business, 2023 looks to be promising for the organisation.
“The global commodity space itself is really just warming up. In our view, the global push to net zero will create large shortages in copper and nickel and see uranium come into focus. Uranium simply can’t be ignored as a solution to reliable baseload power. We have a number of exciting listings coming up in both the nickel and uranium sectors,” added Myers.
Upcoming IPOs
XLR8 Metals Limited
The early part of this year will see the company work closely with a nickel sulphide-focused company called XLR8 Metals Limited. Molo Capital will be the lead manager on this project, assisting XLR8 in the process of undertaking an IPO and listing on the Australian Securities Exchange (ASX). Molo Capital will support the group to raise up to A$5.5m throughout March and April.
The proceeds secured will be utilised to further exploration at a number of exciting projects across the company’s natural resources portfolio of quality nickel projects located in world-class nickel belts with great potential for Tier-1 discoveries. XLR8 has a tenement footprint of around 2,162km2 in Tanzania and 42km2 in Sweden, with plans to rapidly grow its Swedish and European footprint. Its Swedish assets include the drill-ready Gårkälen and Kälen nickel sulphide projects and three yet undefined nickel exploration projects along the Västerbotten Nickel Belt. Its Tanzanian assets, the Kabanga North and Ntaka West nickel sulphide projects are proximate to large sulphide-hosted orebodies, including the BHP-backed Kabanga Nickel Project.
Yellow Rocks Energy Ltd
Another exciting listing on the horizon for Molo Capital is emerging uranium explorer Yellow Rocks Energy. Led by a team of industry experts with extensive global experience, Yellow Rocks Energy is looking to develop two uranium projects – Wallee and Usam – in the highly prospective Tier-1 jurisdiction of the Athabasca Basin, Canada, to help meet the anticipated increase in uranium demand as the world ups its use of nuclear energy. The company prides itself on its strategically-positioned natural resources assets, located in secure jurisdictions with established and well-developed mining infrastructure on the edge of Canada’s Athabasca basin. If you are looking for high-grade uranium deposits, there is no better address in the world.
Asset-level transactions
Aside from these major listings, Molo Capital will also focus on asset dealing throughout the year for highly sought-after commodities.
Myers said: “We recently transacted the lithium assets from AIS resources, which is a Canadian-listed company. We are also currently looking into some transactions in the Canadian hard rock lithium sector, arguably the most in-demand place on Earth right now. Aside from that, we want to see as many available assets globally as possible.”
High-quality natural resources projects
Commenting on Molo Capital’s field of interest and future projects, Myers said: “We are really trying to stay with the metals and the stories that we think are really positive.
“We are natural resource-focused, and we are always on the hunt for really high-quality projects around the world with good exploration potential. A lot of the people who hold these projects across the globe struggle with a pathway to market and capital. We assist in this process all the way through and are always on the lookout for high-quality assets.”
Prospective clients or investors interested in any of the deal flows detailed above can contact Molo Capital’s team through the website or over email to register their interest.
Please note, this article will also appear in the thirteenth edition of our quarterly publication.
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