Mundoro Capital

Mundoro Capital is a mineral exploration company focused on copper and gold deposits in the Western Tethyan belt in Europe and the Laramide belt in the southwestern United States. The company uses a prospect generator model, partnering with major mining companies to fund exploration programs.

Mundoro has an extensive portfolio of projects in Serbia, Bulgaria, and Arizona. Partners are sole funding over $50 million in exploration expenditures to earn into projects. Mundoro retains a royalty interest in each project. The company forecasts up to 17,000 meters of drilling across 10 projects in 2023.

The prospect generator model provides Mundoro with near term cash flow through fees, milestone payments and option payments from its partners. The company also acquires royalties which hold long term upside potential. Mundoro aims to monetize discoveries through joint ventures, royalty sales, or asset sales.

Mundoro offers leverage to rising copper demand and prices. Near term catalysts include ongoing drill results and new target generation across the portfolio.