Woodcross Resources
Primary ticker: PRIVATE
Stage of development: Exploration, Development, Production
Primary minerals: Tin
Project to promote: Woodcross Resources – Integrated Tin Producer from Mine to Metal
Project location: Uganda
Website: www.woodcrossresources.com
Corporate presentation: Click here
Woodcross Resources is Uganda’s first integrated Tin production company (from Mines to Metal). The group has three divisions covering mining (2 fully licensed concessions), refining (with an output capacity of +1,000 mt per annum) and trading across Uganda and most recently Northern Tanzania. The group began exporting LME grade Tin from Uganda in June 24 and is looking to beef up output and regional reach in a short space of time.
Management Profile
Omid Ameri, Managing Director
Omid leads and overseas all aspects of operations. His core competencies include project development, people management, commercial deal structuring and stakeholder management. Omid is an experienced investment banker having worked over a decade at major international banks in Toronto, Canada and Dubai, UAE.
Mehdi Ali, Director
Mehdi is a director at Woodcross Resources and heads up the firm’s compliance division. Mehdi is a seasoned corporate finance lawyer and spent over a decade at several major international law firms in the UK and UAE advising on leveraged buyouts and debt restructurings for major investors.
What is your rationale for taking part in 121 Mining Investment?
We wish to share our unique story with potential investors that share the vision and can support in taking the business to the next level as a major tin producer outside of the far east (who currently dominate the Tin sector).
What recent news would you like to highlight to investors attending?
Official opening ceremony (https://www.internationaltin.org/woodcross-opens-ugandas-first-tin-refinery/)
Recent meeting with Nigerian Minister of Mineral Development regarding the development of a Tin refinery in Nigeria (https://tribuneonlineng.com/nigeria-saudi-arabia-open-talks-on-iron-ore-extraction/)
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Establish buying centre in Tanzania and further exploration and development of concessions
6 Months:
Exporting no less than two containers of refined tin per month,
12 Months:
Establish buying centre in Rwanda and possibly DRC, exporting three – four containers of refined tin per month, increasing refining capacity to 2 – 3k mt per annum.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Access to capital, however, our existing shareholders are currently reviewing a large funding package.
What do you think makes your company such a compelling investment?
We are already in production and have established strong relationships with regional and international buyers. There is significant upside potential with the first mover advantage and the technical fact that we are the only lawful exporter of Tin out of Uganda.
What are the top 3 key investor takeaways?
A) In production, B) unique first mover advantage, and C) ability to scale rapidly