TOP&CoMINING
INVESTORS FUND
Submit a project ↗RU
A FUND FOR RESOURCE PROJECTS

Potential in the ground.
Value in
the making.

We develop resource assets. We help mining companies prepare projects for financing, and investors and banks assess potential, risks and participation terms.

Apply to the accelerator ↗How we work ↓Roundtable · MISIS
TOP&CoExpertise at the intersection of
geology, business and capital
Terraced open-pit mine and mining equipment
RESOURCES. ECONOMICS. CAPITAL.01 / MINING

A strong asset
needs a strong structure.

Between a promising deposit and an investment decision lie data quality, technical assumptions, project economics and a clear development strategy.

TOP Mining Investors Fund brings together capital and specialist expertise to develop resource assets. Its in-house accelerator works with project teams to clarify resource potential, economics and asset structure, reduce key uncertainties and prepare the next investment step.

From a geological concept
to an investment case.

More than an investor presentation.
A structured approach to the foundations
of an investment decision.

01

Geology
and resource potential

Review of source data, the geological model and critical assumptions. Identification of gaps in supporting evidence and priorities for further investigation.

Outcome

An uncertainty map and a programme to reduce key uncertainties.

02

Project economics
and development strategy

Development scenarios, capital requirements, CAPEX and operating assumptions. Testing the sensitivity of project economics to key parameters.

Outcome

A clear financial rationale and a preferred development scenario.

03

Asset and
transaction structuring

Definition of the asset perimeter, financing stages and possible forms of investor participation. Coordination of legal and specialist expertise as required.

Outcome

A proposed structure and a transaction preparation roadmap.

04

Preparation
for capital raising

The investment narrative, negotiation materials and data room structure. Defining the target investor profile and helping facilitate substantive discussions.

Outcome

An investment package and an outreach plan for potential partners.

No valuation promises.
A foundation for value creation.

Value creation starts with clear decisions: what to substantiate, where to invest and which risk to address next.

01 A clearly defined asset perimeter

02 Substantiated technical assumptions

03 A connection between geology and economics

04 A well-prepared investment narrative

Deliverables are agreed following the diagnostic review. Participation does not guarantee financing.

For those who develop,
finance and assess.

We work on both sides of an investment decision: helping asset owners prepare projects and investors and lenders independently assess them and define participation terms.

Discuss collaboration ↗
01 / COMPANIES

Juniors and mining companies

From early exploration to operating asset development: resource base, economics, CAPEX, transaction structure and financing readiness.

02 / CAPITAL

Investors and banks

Assessment of assets you bring to us: independent geological and technical review, economics and risk analysis, financing scenarios and transaction terms. We also support assessment after the investment decision.

03 / EXPERTISE

Experts and industry partners

Specialist expertise in geology, mining and processing technologies, economics and infrastructure. We review your capabilities and discuss participation in specific fund assignments.

Understand the asset first.
Then move towards capital.

01 / APPLICATION

An introduction

A brief overview of the asset, its stage, the team and the support required.

02 / DIAGNOSTIC REVIEW

A focused discussion

A discussion of the available data, constraints and areas where the fund’s accelerator could help.

03 / ACCELERATION

A tailored plan

Agreement on scope, team, stages, deliverables and commercial terms.

04 / INVESTMENT

Engaging partners

Preparing for investor discussions and supporting subsequent steps as agreed.

Resource projects and capital:
what holds a deal back.

15
DECEMBER
2026
ROUNDTABLE

From resource base to financing: barriers and solutions

MISIS

For junior and mining companies, investors, banks and specialist experts. We will discuss how gaps in geological data, economics and asset structure hold back capital raising, and what to prepare before negotiations.

  • Resource base quality: the evidence investors and lenders need.
  • Economics and CAPEX: substantiating capital needs and testing scenarios.
  • Participation structure: allocating risks and staging financing.

Time, room and participant lineup will be announced separately.

Express your interest ↗Leave your details and we will share participation information.

Before our first
conversation.

Can I submit an early-stage project?+

Yes. State the actual stage of exploration, the materials available and the decision you need to make. Eligibility and scope are discussed after an initial project review.

How do the fund and accelerator work together?+

The fund combines investment activity with resource asset development. The accelerator is its in-house project preparation programme, covering geology, economics, structuring and investment materials. Investment opportunities and terms are considered separately for each project.

Do I need to disclose confidential information immediately?+

No. A general description without confidential geological or commercial information is sufficient for the first enquiry. Detailed information sharing and confidentiality arrangements are agreed separately.

What are the participation terms and timelines?+

They depend on the project stage, data quality and scope of work required. Team composition, schedule, fees and potential collaboration arrangements are agreed before work begins.

I am an investor. How can I connect with the fund?+

Select “Investor” or “Bank” in the form and describe your commodity interests, geography and preferred project stages. We will discuss possible ways to work together.

Let us discuss your objective.
Choose
how to engage.

Leave your details and describe your project, investment request or expertise. An enquiry creates no commitment to participate or provide financing. No confidential materials are needed at this stage.

agranov@topandco.com ↗
TOP&CoMore than advice
The email is addressed to Grigory Agranov, David Tonakanian and Andrey Orlovsky. For now, please send it from your email application.