Mt. Labo Exploration and Development Corporation (MLEDC) #48252
Created at
2026-08-07
Last update
2026-08-07
4 Parents (Involvements as child)
Draft
ID
Name
SageCapital Partners, Inc.
Country of registration/origin
Philippines
Classification
Private company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
60.00 %
Comment
TVIRD acquired all of the outstanding capital stock of SageCapital Partners, Inc.(“SageCapital”) in Q1 2022, pursuant to a Sale and Purchase Agreement (the “SageCapital Agreement”) between TVIRD and a third-party resident of the Philippines (“Vendor”). SageCapital is a holding company incorporated under the laws of the Philippines and, in turn, owns 60% of the outstanding capital stock of Mt. Labo Exploration and Development Corporation (“MLEDC”), a Philippine mining and minerals exploration development company that operates the Mabilo Project (“Mabilo”), located in the Camarines Norte Province, Eastern Luzon, Philippines.
Draft
ID
Name
SRM Gold
Country of registration/origin
British Virgin Islands
Classification
Private company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
40.00 %
Comment
RTG holds a 40% interest in Mt. Labo Exploration and Development Corporation (“Mt. Labo”) through its subsidiary SRM Gold Limited.
ID
Name
Glencore plc
Country of registration/origin
Switzerland
Classification
Stock-exchange listed company
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
30 000 000
$
Loan date
2025-03-06
Comment
As previously reported (see ASX announcement dated 6 March 2025), Mt. Labo entered into a strategic partnership with Glencore to finance 100% of the planned capital expenditure for Stage 1 of Mabilo. The secured financing facility provides for a total of up to US$30M (in three-tranches), on attractive terms, for the development of Stage 1 of the Mabilo Project as well as working capital requirements:
1. Tranche A (for US$3.5M) provides early funding flexibility to complete Stage 1 project land acquisition, with limited conditions precedent;
2. Tranche B provides US$21.5M for the balance of development of Stage 1 of the Project together with any working capital needs
3. Tranche C provides US$5.0M for any additional working capital purposes subject to consent of both parties
Draft
ID
Name
RTG Mining Inc.
Country of registration/origin
Australia
Classification
Stock-exchange listed company
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
27 000 000
$
0 Children (Involvements as parent)
1 Deals (Involvements as Operating company)
ID
Target country
Philippines
Current intention of investment
Mining
Current negotiation status
Concluded (Contract signed)
Current implementation status
Project not started
Deal size
3 484.16 ha