Natural Resources

We concentrate on select precious, critical, and niche metals - segments where structural imbalances create the most compelling opportunities for our clients. As a boutique investment banking firm, we help exceptional resource companies and operators in these areas access sophisticated capital, structure optimal financings, pursue strategic listings, or execute M&A in supportive jurisdictions.

• Precious Metals: Persistent structural tailwinds - monetary fragmentation, elevated sovereign debt, sustained central-bank accumulation (forecast to remain robust at elevated levels into 2026), and diversification away from fiat exposures - continue to support a durable bull case for gold and related assets. We support clients with tailored financing solutions to accelerate project development, advisory on strategic listings in Europe and North America to capitalise on growing hard asset demand, and targeted outreach to position exceptional precious metals projects for long-term capital inflows.

• Critical Metals: Geopolitics increasingly shapes economic outcomes, with reshoring efforts, trade measures, and the indispensable role of these materials in electrification, defence, advanced manufacturing, and AI infrastructure elevating secure supply to a national priority. Demand accelerates amid persistent underinvestment and long lead times, creating tightness in key metals. We partner with clients to navigate these dynamics - structuring financings for development-stage projects, advising on allied-supply-chain transactions, or facilitating listings and capital markets access to capture the strategic premium in critical materials.

• Niche Metals: Lesser-understood minerals often follow distinct cycles and face significant barriers to discovery, development, and financing. When responsibly managed in supportive jurisdictions, they can offer differentiated upside in a divergent market. Our advisory focus here includes helping clients overcome these hurdles through tailored capital solutions, strategic partnerships, or capital-markets pathways that highlight their asymmetric risk-reward profiles to specialist investors.

• Oil & Gas: We maintain a high-conviction bullish view on select offshore Oil & Gas opportunities, with a particular focus on juniors and emerging operators in deepwater upstream, FPSO developments, and LNG-related projects across our core regions. Despite near-term supply abundance, decades of underinvestment have created structural supply constraints, while competitive breakevens, advanced FPSO technology, and rising LNG demand support long-term upside. We advise these clients on capturing potential through targeted financings, farm-in partnerships, listings, or M&A to de-risk and advance high-impact offshore assets.

We serve highly demanding clients and high-quality projects across Iberia, Latin America, and Africa - regions that combine substantial natural resource potential with strategic geopolitical positioning and evolving supply-chain dynamics. Our deep local expertise enables effective navigation of complex regulatory frameworks, including the growing trend toward resource nationalism, which increasingly prioritises domestic value capture and security of supply.

This regional focus is reinforced by a long-established investor network spanning Western Europe, the Americas, and select markets in the Middle East and Africa. Through this network - comprising family offices, specialist resource funds, institutional investors, and strategic partners with deep sector expertise - we enable targeted capital deployment aligned with asset-specific opportunities. Supported by the Globalscope ecosystem of operators and trusted local partners, we execute efficiently across jurisdictions while respecting regulatory frameworks, market dynamics, and local realities.

Our approach is defined by selectivity and senior-led execution. We engage with a limited number of clients and projects, applying rigorous screening across asset quality, jurisdictional strength (including political and permitting risk), management alignment, and credible capital-markets pathways. This discipline ensures sustained senior involvement and positions us as long-term partners in a market characterised by divergence and execution complexity.

We act as listing sponsors and capital markets advisers on IPOs and follow-on offerings, primarily across European and North American exchanges. Working closely with trusted local partners, we focus on the development of robust equity stories, targeted investor outreach, optimal transaction structuring, and sustained post-listing positioning. Listings are pursued only where capital, market, and timing are clearly aligned.

The platform is led by professionals with backgrounds in tier-one consulting, investment management, and investment banking, complemented by hands-on experience across the full resource project lifecycle - from early exploration and development through to public listings, equity raises, follow-on offerings, and ongoing capital markets support.

Liberdade Capital is intentionally boutique, independent, and conflict-free. We operate without trading desks, proprietary positions, or ancillary activities that could dilute focus or introduce misaligned incentives. In a sector where outcomes depend on multi-decade decisions amid geopolitical shifts and jurisdictional complexity, clarity, conviction, and genuine alignment matter more than scale.