The Fund
Structure
Apus Mineral Resources Fund LP is a Delaware limited partnership offered as a private placement under Regulation D, Rule 506(b). The fund provides accredited investors with direct exposure to a portfolio of mineral royalties and streaming agreements across Tier-1 jurisdictions.
| Fund Structure | Delaware LP |
| Offering Exemption | Reg D, Rule 506(b) |
| Target Fund Size | $250,000,000 |
| Minimum Investment | $500,000 |
| Investment Period | 7 Years |
| Fund Life | 10 + 2-Year Extension |
| Management Fee | 1.0% p.a. on committed capital |
| Carried Interest | 1.0% above preferred return |
| Preferred Return | 8.0% p.a. |
| Target Net IRR | 20%+ (net of all fees) |
Returns
The fund targets risk-adjusted returns through royalty and streaming transactions structured to generate cash flow priority, inflation linkage, and commodity price participation without operational exposure.
Net of management fees and carried interest. Based on modeled royalty cash flows and conservative commodity price assumptions.
Investors receive an 8% preferred return annually before the carried interest mechanism is triggered.
Low carry structure aligns manager incentives with investor outcomes above the preferred hurdle.
Strategy
The fund targets royalty and streaming agreements on producing and near-production critical mineral assets in established mining jurisdictions.
Tier-1 critical mineral assets — copper, lithium, cobalt, nickel, rare earths — at producing or near-production stage. No exploration-stage assets.
Net smelter returns (NSR) and gross revenue royalties. No operational cost exposure. Payments linked directly to production volumes and commodity prices.
Diversified across 8–14 assets, geographies, and commodity types. Concentration limits enforced at acquisition.
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