Metal Tiger (LON:MTR), the natural resources investment firm, is on the road to growth and is now able to self-finance activities, it told investors.
Both its investment divisions are fully operational, it revealed in a strategic update.
Its direct equities division is designed to generate short, medium and long term returns, with cash invested into the direct projects division to advance opportunities to create value. So far, the realised and unrealised gains on the direct equities portfolio amount to over £800,000.
To date, the firm has invested in three AIM firms, which it believes are on the cusp of major commercial development. It has put £450,000 into Kibo Mining, £150,000 into Eurasia Mining and £75,000 into Ariana Resources.
Joint ventures with third parties include gold, copper and antimony interests in Thailand, gold and tungsten in Spain and gold and uranium exploration in Spain, it added.
Cameron Parry, group chief executive, said: "Metal Tiger's Direct Equities investment division has already delivered a substantial financial return to the company, fast-tracking the company's current ability to self-finance its activities.
"Metal Tiger's Direct Projects investment division now has exposure to predominantly gold, but also Tungsten, Copper, Antinomy and Uranium with active operations in Spain, Thailand and Tanzania plus working collaborations for additional Gold, Copper and Platinum-focused opportunities in Russia and Turkey."