The Company

An emerging metals producer was ramping up to full commercial production at a prominent mine in South America.

Role

CFO and Accounting Services

The Situation

The company faced several challenges as it ramped up metals production:

Managing the capital expenditure (CAPEX) build-out with precise budgeting and tracking of expenditures.
Requiring accurate and timely tracking of production metrics for both internal assessment and external reporting to investors.

Needing a significant amount of funds to develop the project fully.

The How

Implemented robust financial and operational procedures to ensure accurate tracking and reporting of production metrics and expenditures. This included setting up comprehensive budgeting and tracking systems for CAPEX.

Developed clear and consistent communication strategies to keep investors informed about the company's progress, production metrics, and financial health. Regular updates and transparent reporting built trust and confidence among stakeholders.

Successfully raised the necessary funds by leveraging strong financial reporting and clear communication of the project’s potential. This involved presenting detailed financial models and production forecasts to potential investors and lenders.

Oversaw the continued development and construction of the mine, ensuring that the project stayed on track and within budget. This included close monitoring of all expenditures and production metrics to make informed financial decisions.

Cashflow Positive Operations: Timely periodic reporting allowed for operations to focus on key operating areas to enhance growth. This let to the company achieving positive ongoing cashflows, ensuring the company’s financial stability and operational sustainability.
Robust Financial and Production Reporting: Enhanced transparency to investors through robust financial and production reporting, realizing the full value potential of the project. This transparency was crucial in maintaining investor confidence and support.
Able to Raise Money at Advantageous Points of the Market: The company’s strong financial health and transparent operations allowed it to raise funds at advantageous points in the market, securing the necessary capital to continue its growth and development.

Catapult in Action

Read how Catapult helped a privately held US construction company fulfil its financial reporting obligations with a tight timeline

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Read how Catapult helped a relatively inactive company grew into a $250m+ market cap company with operations spanning multiple continents within a short period of time.

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