About

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

Working with partners 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’s team of partners and consultants are based globally in Anchorage, New York, Denver, Montreal, Madrid, Zug and Perth.

Mining Transactions

Metro Mining Limited

Mar 2023

$51,000,000

Metro Mining Limited

Mar 2026

$50,000,000

Osino Resources Logo

Dec 2025

$50,000,000

cyprium metals logo

June 2023 / Nov 2025

$41,800,000

Pantoro-limited

June 2023

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

Jan 2023

$37,000,000

Lion-One-metals-logo

Sept 2025

$35,000,000

Kingsgate logo

Jan 2025

$35,000,000

Kingsgate logo

July 2024

$35,000,000
Ascot-Resources

June 2023 / Jan 2024

$34,000,000

Mar 2026

$30,000,000

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

July 2016 / Jan 2017

$14,325,000

July 2025

$12,000,000

July 2017

$12,000,000

Mar 2020 / Dec 2021

$11,900,000

Note: The investments discussed do not represent all investments in the portfolio. It should not be assumed that these investments were profitable or will be profitable in the future.

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

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.

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.

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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.

Justin Anderson

Justin Anderson

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Justin Anderson is a mining investment professional with 15 years of experience in global deal sourcing and portfolio management. Most recently, he served as VP of Americas at Trident Royalties plc, a mining-focused royalty and streaming company. Prior to that, Justin was an SVP at McGriff Insurance Services. The majority of his career was spent at Resource Capital Funds, where he managed a diverse portfolio of global mining investments. Early in his career, Justin worked as a mining engineer for several engineering consulting companies.

Justin holds a Master of Science in Mineral Economics and a Bachelor of Science in Mining Engineering, both from the Colorado School of Mines.

Justin Anderson

André Peers

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André has over 25 years of mining finance experience having worked on project, acquisition and corporate facilities involving various sponsor sizes. Prior to entering the financial sector, André worked in industry as a geologist on various mines in South Africa. André has held senior director positions at Standard Bank in South Africa, ICBC Standard Bank in London and Societe Generale in London. Most recently André has worked as an independent debt adviser for clients raising debt finance for mining projects in the junior mining sector. Whilst the majority of his career has been on the lending side, André has also worked in the credit, commodities trading and commodities structuring teams as well as the advisory side and brings the full suite of expertise required for a mining finance transaction.

André holds a B.Sc.(Hons) Geology degree from the University of Cape Town and an M.Sc. (Eng) Mining degree from the University of the Witwatersrand focused on mineral economics.

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.

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

Jordan Wible

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Jordan is Nebari’s Senior Fund Accountant. Prior to Nebari, Jordan was a Senior Fund Accountant at Apex Group Ltd. within their Admin Services with two years of accounting and private equity administration. His experience includes providing financial statement preparation, investor relations support, accounting services, and financial reporting services to Private Equity clients. Jordan has a bachelor’s in Accounting and Finance from the University of Evansville.

Nebari Advisors

Christine Hsieh

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Prior to joining Nebari, Christine Hsieh spent over 25 years as an international corporate lawyer. She spent the first 13 years of her legal career at top-tier law firms including Baker McKenzie, Jones Day, Linklaters and Allens in Houston, Zurich, Singapore, Shanghai and Sydney. In 2011, she went in-house by joining Xstrata’s Coal and Iron Ore Division and then transitioned into the legal team at Glencore as a mining lawyer. After Glencore, Christine was a mining and metals focused M&A lawyer at Eurasian Resources Group before she switched gears into the tech industry for a few years where she was General Counsel of Promethiem.

Christine has a Bachelor of Arts in economics from the University of California at Berkeley (1995) and a Juris Doctorate from Georgetown University Law Center (1998). She qualified to practice law in Texas in 1998 and in New South Wales, Australia in 2011.

Dave Mellows

David Mellows

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David is a HSEC specialist with 45 years of active experience in the resources industry, initially supervising and managing coal mines in NSW, Australia, within Rio Tinto for 20 years before being appointed as their Corporate Safety Manager in 1998.

In 2001, he became the Group Safety Manager at Glencore/Xstrata Coal, where he played a pivotal role in establishing and implementing the company’s safety standards.

In 2011, David moved to Glencore’s Swiss head office as General Manager Sustainability with the Xstrata Iron Ore department, and in 2013 was appointed as General Manager HSEC Risk Management to develop and implement a new approach to HSEC management, including system standardization and hands-on implementation across 150 operations and 50 countries.

David has been semi-retired since late 2021. He became qualified as a NSW Australia Coal Mine Manager in 1982, and holds a Graduate Diploma in Minerals Industry Risk Management from the University of Queensland (2007), and a Diploma in Company Directorship (2011) from the Australian Institute of Company Directors.

Yvonne I. Pytlik

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Yvonne Pytlik joined ACA in July 2022. As an Outsourced Chief Compliance Officer to registered investment advisers, Yvonne provides compliance consulting services such as developing effective compliance programs and resolving complex regulatory issues.

Yvonne has over 30 years of compliance, audit, risk management, and consulting experience working with broker-dealers, investment advisers, and investment companies (mutual funds). Before joining ACA, she served as CCO for numerous firms and held senior positions with Global Compliance Risk Management Corporation, HSBC Asset Management, Virtus Investment Partners, Deutsche Bank Asset Management, and KPMG LLP. Her various duties included establishing compliance policies and compliance monitoring programs under SEC Rules 206(4)-7 and 38(a)-1 for investment advisers and FINRA regulations for broker-dealers to mitigate regulatory risks.

Yvonne’s expertise encompasses, among other areas, FINRA regulations, U.S. federal securities laws, the SEC Investment Company Act of 1940 and Investment Advisers Act of 1940, the SEC Acts of 1933 and 1934, ERISA, CFTC rules and derivatives, and other regulatory requirements.

Yvonne earned her Bachelor of Science degree in Management and Accounting from the University of Massachusetts and her MBA in Finance from Suffolk University. She is a Certified Public Accountant. She is serving as a Lecturer of Strategic Risk Management with Columbia University, the New York City Risk Management Association’s Board of Trustees, the Mass General Hospital/NWH Advisory Board and served on the executive committees of Suffolk University’s Board of Directors.

clara kim

Clara Kim

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Clara Kim is a seasoned executive with over 25 years of experience leading capital formation, marketing strategy, and investor relations within the alternative investment industry. Most recently, she served as an Executive Committee Member and Global Head of Marketing and Investor Relations at Colchis Capital. Her extensive career includes leadership roles as the Head of North America Marketing and Sales at Black River ($8B AUM) and Managing Director at Perella Weinberg Partners ($10B muti-asset alternatives platform). Previously, she was the Vice President of Marketing at Atticus Capital, a $22B event-driven hedge fund founded by Timothy Barakett. She began her finance career as an Analyst at J.P. Morgan.

Clara holds a B.S. from the University of California, Berkeley, and an M.B.A. from the Kellogg Graduate School of Management at Northwestern University.