You invest in Monpáez — a European trading house that brings essential ores back into Western-aligned supply chains, controlling the chain from origination to offtake. Its first project turns a million tonnes of Peruvian mining waste into silver.
A historic Peruvian silver district left a million tonnes of pre-mined rock on surface, sub-economic when silver was cheap. With silver near $75 and modern X-ray sorting, that waste is a polymetallic resource. No exploration. No blasting. A ~15-month processing life.
The material is mined and sitting on the surface. No exploration risk, no blasting, minimal mining — closer to a processing operation than a mine.
Operating under regional mining authorisation RD 422-2021-GRL, on a site with a 30-year community easement. Reclamation permitting is being finalised — a process, not a question mark.
XRT sensor sorting lifts low-grade bulk into commercial-grade feed — up to 10x enrichment — at a fraction of the cost, water and energy of conventional milling.
The waste is slowly leaching acid and metals toward the Rímac watershed that supplies Lima's water; the project removes that liability as it produces.
Runs the on-site processing operation.
Exclusive offtaker — takes the concentrate to market and controls the chain.
You back Monpáez — the trading house, not a single mine.
Full scope disclosed; intent to fund.
Independent sampling + 500 kg XRT pilot.
Swiss trading + Peru operating company.
50 tph line · first ~180,000 t.
150 tph · hybrid solar power.
~1,000,000 t · site remediated.
The largest commitment is staged behind verified grade, confirmed recovery and a proven first production run — the central protection against the project's open risks.
The investor recovers their full commitment before profit is split.
Tranche 1 (~$2.6M, 50–70 tph) proves the operation and reaches first cash in ~5 months. Tranche 2 scale-up (~$7.4M, 150–210 tph) is funded largely from that cash flow, not new capital.
If the reclaimed material underperforms, the mine grants a licence to mine fresh ore from the existing tunnels — a second source behind the first.
Deployed in stages, aligned to milestones. Full use of funds set out in the project memorandum.