About

At Nebari, we are exclusively focused on creative financing solutions within the mining sector.

Working with partners – including public and private companies – is at the heart of what we do. We are open to exploring unconventional financial structures and are known for working with motivated and capable management teams looking to accelerate growth.

WE ARE SPECIALISTS IN MINING. OUR IN-DEPTH KNOWLEDGE, EXPERIENCE AND RELATIONSHIPS SEPARATE US FROM GENERALIST INVESTORS.

Our combination of technical experience, operating capabilities and finance experience provide us with a competitive edge. As a team, we’ve owned and operated assets while working for some of the largest mining companies globally and understand the unique challenges our industry faces.

Our senior lending professionals work collaboratively to turn proposals into closed transactions and remain the point of contact throughout the underwriting, closing and post-closing stages of our process. Our streamlined methodology, track record in closing transactions, flat organizational structure and deep mining expertise make Nebari a preferred financing partner. This has also enabled Nebari to successfully close transactions within very efficient time frames.

The firm’s investment professionals first met over a decade ago in Switzerland and remain committed to growing the Nebari philosophy. Nebari is based in New York with its team of partners and consultants based globally in Anchorage, Denver, Toronto, London, Madrid, Zug and Perth.

Our TRANSACTIONS

Metro Mining Limited

Mar 2023

$44,000,000
Pantoro-limited

June 2023

$37,323,000
Lion-One-metals-logo

Jan 2023

$37,000,000

Ascot-Resources

June 2023 / Jan 2024

$34,000,000

Dec 2021 / Dec 2019

$30,000,000

Dec 2021 / Dec 2023

$28,500,000
True North Copper Logo

Feb 2024

$28,000,000

May 2022

$21,500,000

signal-gold-logo

Feb 2023

$21,000,000

May 2021

$18,000,000

Mar 2020

$16,125,000

Osino Resources Logo

Nov 2022

$15,000,000

cyprium metals logo

June 2023

$14,500,000

July 2016 / Jan 2017

$14,325,000

July 2017

$12,000,000

Mar 2020 / Dec 2021

$11,900,000

Kingsgate logo

Dec 2023

$11,500,000
Jervois Global

Oct 2022

$8,750,000

nova-minerals-logo

Dec 2022

$7,000,000

Nov 2019

$6,500,000

Feb 2021

$6,000,000

Horizon-minerals-logo

Dec 2022

$5,000,000

Dec 2021

$5,000,000

Dec 2019

$5,000,000

July 2021

$3,000,000
Baffinland Iron Mines Corporation

Sept 2022

$2,500,000

Nordic Mining ASA Logo

Nov 2022

$2,500,000

May 2019

$2,250,000

July 2019

$1,966,132

Sept 2021

AUD$2,000,000

DIRECT EQUITY INVESTMENTS

TSX:ARTG

TSX:BYN

LON:CEY

TSX:DV

Calibre-Mining

TSE:CXB

TSX:MFG

TSX:NCX

TSE:SGNL

TSE:SKE

ASX:TSO

Nebari Team

LEADERSHIP:

Daniel Freuman

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Prior to Co-Founding Nebari, Daniel Freuman was a Senior Trader at Glencore International AG and helped lead M&A and Business Development for Glencore’s Iron Ore Division. Prior to Glencore, he was an Analyst at Perry Capital and was also an Analyst at JPMorgan’s Investment Bank.

He holds an MBA from Columbia Business School and a B.A. in Economics & Finance, Magna Cum Laude, from Princeton University.

Clark Gillam

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Prior to Co-Founding Nebari, Clark Gillam worked in the Iron Ore Trading Division at Glencore and in Portfolio Management at McKinley Capital.

He holds an M.Sc in Finance from Trinity College Dublin and a B.Sc in Economics from Wharton Business School.

Andre Krol

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Prior to joining Nebari, Andre Krol pursued a 20 year career in mining evaluation and development roles with Rio Tinto, Xstrata and Glencore. His ore body to market holistic experience spans operational, study, project and M&A activities in Australia, South America, Canada, the US, Africa and Europe. This builds on an earlier academic and consulting career in environmental management and engineering.

He is a chartered chemical engineer, with a BE from Bath and a PhD from Queensland.

Roderik van Losenoord

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Prior to joining Nebari, Roderik spent over 15 years in the metals & mining industry. He started his career in base metals production in Canada and held various technical and commercial roles with Xstrata. He later transitioned to Xstrata’s Coal and Iron Ore Division and eventually joined Glencore’s team where he focused on M&A and Assets. After Glencore, he worked in strategy consulting at Bryanston Resources and then in equipment finance for Caterpillar.

Roderik attained a master’s degree in extractive metallurgy in the Netherlands at Delft University and an MBA in Paris at the Collège des Ingénieurs.

Juan Alvarez

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Juan Alvarez has over 25 years’ experience in the mining industry spanning a range of technical and finance roles including mining geologist, technical consultant, and mining finance professional.

Prior to joining Nebari, Juan was the Head of Investments at a leading natural resources royalty and streaming company; Anglo Pacific Group. As Head of Investments Juan was instrumental in developing the deal flow, building a recognised investment track record, and played a lead role in pivoting the company from coal to future metals investments.

Juan’s previous experience also includes roles as a Senior Mining Geologist for AngloGold and Rio Tinto before joining global mining consultant, Golder Associates as a Senior Consultant where he led and grew the UK mining business as Mining Sector Leader.

Juan has a Bachelors degree in geology from Macquarie University, Sydney Australia.

Trevor Cohen

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Trevor is Nebari’s CFO and is responsible for the firm’s financial and accounting management and reporting, capital budgeting and treasury cash management activities. Prior to Nebari, he co-founded a hedge fund and led the business from inception to $450M of AUM. He has 17 years of experience in both a CFO and COO function for private equity and public equity funds where he managed all operational activities including accounting, finance, compliance, investor relations and marketing activities. He started his career with Arthur Andersen and is a licensed CPA.

Trevor received an MBA from Northwestern University, and graduated magna cum laude with a B.S. in Accounting from the University of Colorado.

Steven Bowles

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Prior to joining Nebari, Steven spent 17 years in the metals and mining industry in project management, operations management and private equity roles. He started his career in the development of large scale projects in the copper, nickel and aluminum sectors in Latin America, the Middle East and the Canadian Arctic. He later led mining operations of nickel mines in Nunavik and then led a greenfield open-pit gold mining project in Northern Ontario. Following this, he joined the private equity group of Investissement Québec to lead mining investment and financing efforts.

Steven has a Mechanical Engineering degree from the University of Waterloo and a MBA from the Richard Ivy School of Business at Western University.

Joshua-Goldman-headshot

Joshua Goldman

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Joshua is Nebari’s Senior Controller. Prior to Nebari, Joshua was a Senior Manager at EisnerAmper LLP within their Financial Services Audit Practice with over twelve years of diverse accounting and auditing experience. His experience included services to investment advisors, broker-dealers, hedge funds, fund of funds and private equity funds. Joshua has a Masters in Accounting from the University of Buffalo and is a licensed CPA in the state of New York.
Joshua-Goldman-headshot

Richard Gaze

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Richard joins Nebari bringing industry-recognised technical credibility from a diverse career in mining geostatistics, Mineral Resource estimation, governance auditing and assurance and due diligence services for mining transactions.
Over his 28-year career with Mining & Resource Technology, Golder Associates and WSP, Richard has delivered innovative geostatistical solutions and completed Mineral Resource estimates across various commodities for key projects and mining operations worldwide.

Richard has overseen resource and reserve governance audit programs for several Tier 1 mining companies and has routinely coordinated technical due diligence assignments for lenders, advisory firms and financial institutions.

Richard has extensive experience in management and has led Golder Associates’ operations in various operational roles.

Richard has a BEng in Mining Engineering and an MSc in Mining Geostatistics from the University of Leeds, UK.

Legal:

Compliance:

Clyde Tinnen

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Clyde Tinnen is a Corporate Partner of Foley & Lardner LLP where he focuses on areas such as secured and unsecured loans, cross-border mergers and the formation and operation of private investment funds. Before joining Foley & Lardner LLP, Clyde was a Partner at both Withers Bergman LLP and Kelley Drye & Warren LLP. He was also a senior financial analyst for two public corporations.

Clyde earned a JD from Columbia Law School, an MBA from the University of Connecticut School of Business and a B.A. from the College of William and Mary.

Curtis Flippen

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Curtis Flippen is a Director in ACA’s Regulatory Advisory Practice. He provides advice and guidance in all aspects of fiduciary and regulatory issues to investment advisers managing private funds, public funds, and institutional accounts. This includes forming and registering investment advisers, establishing compliance programs, monitoring and testing compliance programs, annual compliance program reviews, training, regulatory filing and exam guidance, review of investment management contracts and private fund documentation. Curtis has more than 20 years of experience in investment and securities legal and regulatory matters. Prior to joining ACA, he held various compliance and legal roles at: 5th Level Capital, NovaBlock, QMA/Prudential, Metlife Advisors, Bear Stearns Asset Management, Deloitte, and E&Y.

He earned a JD from Rutgers Law School and a BS from Hampton University.

Nebari Team

LEADERSHIP:

Daniel Freuman

CLOSED TAB
Read More
Prior to Co-Founding Nebari, Daniel Freuman was a Senior Trader at Glencore International AG and helped lead M&A and Business Development for Glencore’s Iron Ore Division. Prior to Glencore, he worked as an Analyst at Perry Capital and was also an Analyst at JPMorgan’s Investment Bank.

He holds an MBA from Columbia Business School and a B.A. in Economics & Finance, Magna Cum Laude, from Princeton University.

Clark Gillam

CLOSED TAB
Read More
Prior to Co-Founding Nebari, Clark Gillam worked in the Iron Ore Trading Division at Glencore and in Portfolio Management at McKinley Capital.

He holds an M.Sc in Finance from Trinity College Dublin and a B.Sc in Economics from Wharton Business School.

Andre Krol

CLOSED TAB
Read More
Prior to joining Nebari, Andre Krol pursued a 20 year career in mining evaluation and development roles with Rio Tinto, Xstrata and Glencore. His ore body to market holistic experience spans operational, study, project and M&A activities in Australia, South America, Canada, the US, Africa and Europe. This builds on an earlier academic and consulting career in environmental management and engineering.

He is a chartered chemical engineer, with a BE from Bath and a PhD from Queensland.

Roderik van Losenoord

CLOSED TAB
Read More
Prior to joining Nebari, Roderik spent over 15 years in the metals & mining industry. He started his career in base metals production in Canada and held various technical and commercial roles with Xstrata. He later transitioned to Xstrata’s Coal and Iron Ore Division and eventually joined Glencore’s team where he focused on M&A and Assets. After Glencore, he worked in strategy consulting at Bryanston Resources and then in equipment finance for Caterpillar.

Roderik attained a master’s degree in extractive metallurgy in the Netherlands at Delft University and an MBA in Paris at the Collège des Ingénieurs.

Juan Alvarez

CLOSED TAB
Read More
Juan Alvarez has over 25 years’ experience in the mining industry spanning a range of technical and finance roles including mining geologist, technical consultant, and mining finance professional.

Prior to joining Nebari, Juan was the Head of Investments at a leading natural resources royalty and streaming company; Anglo Pacific Group. As Head of Investments Juan was instrumental in developing the deal flow, building a recognised investment track record, and played a lead role in pivoting the company from coal to future metals investments.

Juan’s previous experience also includes roles as a Senior Mining Geologist for AngloGold and Rio Tinto before joining global mining consultant, Golder Associates as a Senior Consultant where he led and grew the UK mining business as Mining Sector Leader.

Juan has a Bachelors degree in geology from Macquarie University, Sydney Australia.

Trevor Cohen

CLOSED TAB
Read More
Trevor is Nebari’s CFO and is responsible for the firm’s financial and accounting management and reporting, capital budgeting and treasury cash management activities. Prior to Nebari, he co-founded a hedge fund and led the business from inception to $450M of AUM. He has 17 years of experience in both a CFO and COO function for private equity and public equity funds where he managed all operational activities including accounting, finance, compliance, investor relations and marketing activities. He started his career with Arthur Andersen and is a licensed CPA.

Trevor received an MBA from Northwestern University, and graduated magna cum laude with a B.S. in Accounting from the University of Colorado.

Steven Bowles

CLOSED TAB
Read More
Prior to joining Nebari, Steven spent 17 years in the metals and mining industry in project management, operations management and private equity roles. He started his career in the development of large scale projects in the copper, nickel and aluminum sectors in Latin America, the Middle East and the Canadian Arctic. He later led mining operations of nickel mines in Nunavik and then led a greenfield open-pit gold mining project in Northern Ontario. Following this, he joined the private equity group of Investissement Québec to lead mining investment and financing efforts.

Steven has a Mechanical Engineering degree from the University of Waterloo and a MBA from the Richard Ivy School of Business at Western University.

Joshua-Goldman-headshot

Joshua Goldman

CLOSED TAB
Read More
Joshua is Nebari’s Senior Controller. Prior to Nebari, Joshua was a Senior Manager at EisnerAmper LLP within their Financial Services Audit Practice with over twelve years of diverse accounting and auditing experience. His experience included services to investment advisors, broker-dealers, hedge funds, fund of funds and private equity funds. Joshua has a Masters in Accounting from the University of Buffalo and is a licensed CPA in the state of New York.
Joshua-Goldman-headshot

Richard Gaze

CLOSED TAB
Read More
Richard joins Nebari bringing industry-recognised technical credibility from a diverse career in mining geostatistics, Mineral Resource estimation, governance auditing and assurance and due diligence services for mining transactions.
Over his 28-year career with Mining & Resource Technology, Golder Associates and WSP, Richard has delivered innovative geostatistical solutions and completed Mineral Resource estimates across various commodities for key projects and mining operations worldwide.

Richard has overseen resource and reserve governance audit programs for several Tier 1 mining companies and has routinely coordinated technical due diligence assignments for lenders, advisory firms and financial institutions.

Richard has extensive experience in management and has led Golder Associates’ operations in various operational roles.

Richard has a BEng in Mining Engineering and an MSc in Mining Geostatistics from the University of Leeds, UK.

Joshua-Goldman-headshot

Craig Moulton

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Craig Moulton is a Managing Director with Nebari Partners, a private capital firm focused on providing creative financing solutions to the mining industry.

Craig is a technical and commercial specialist with over 30 years of global hands-on experience across the mining value chain. Prior to joining Nebari, his primary focus was the management and funding of listed companies on the ASX, LSE and AIM stock exchanges.

As a Geologist and Mineral Economist, Craig has deep technical and commercial experience, complemented by a global industry network. The formative part his career was spent in major mining houses Rio Tinto and Cleveland Cliffs. He managed the listing of Cobra Resources (LSE:COBR) and Nickel Search (NIS:ASX) as Managing Director, and most recently, was the CEO of Northam Resources Ltd, negotiating the farm-out of the company’s assets to Chalice Mining Ltd, in a transformative deal for shareholders.

Craig holds a Bachelor of Science with Honours (Geology) from the University of Western Australia, a Masters in Mineral Economics (Distinction) from the Curtin Graduate School of Business. He is a member of the AusIMM and a fellow of the Geological Society (London).

Legal:

Clyde Tinnen

CLOSED TAB
Read More
Clyde Tinnen is a Corporate Partner of Foley & Lardner LLP where he focuses on areas such as secured and unsecured loans, cross-border mergers and the formation and operation of private investment funds. Before joining Foley & Lardner LLP, Clyde was a Partner at both Withers Bergman LLP and Kelley Drye & Warren LLP. He was also a senior financial analyst for two public corporations.

Clyde earned a JD from Columbia Law School, an MBA from the University of Connecticut School of Business and a B.A. from the College of William and Mary.

Compliance:

Curtis Flippen

CLOSED TAB
Read More
Curtis Flippen is a Director in ACA’s Regulatory Advisory Practice. He provides advice and guidance in all aspects of fiduciary and regulatory issues to investment advisers managing private funds, public funds, and institutional accounts. This includes forming and registering investment advisers, establishing compliance programs, monitoring and testing compliance programs, annual compliance program reviews, training, regulatory filing and exam guidance, review of investment management contracts and private fund documentation. Curtis has more than 20 years of experience in investment and securities legal and regulatory matters. Prior to joining ACA, he held various compliance and legal roles at: 5th Level Capital, NovaBlock, QMA/Prudential, Metlife Advisors, Bear Stearns Asset Management, Deloitte, and E&Y.

He earned a JD from Rutgers Law School and a BS from Hampton University.