Stellus Capital Investment Corporation operates as a Business Development Company (BDC), allocating capital to privately-held, mid-sized enterprises. The firm employs various financing structures, including senior secured (first lien), junior secured (second lien), blended (unitranche), and hybrid (mezzanine) debt, frequently complemented by an equity stake. Its geographic investment focus is primarily on opportunities within the United States and Canada. Stellus Capital targets businesses that generate annual Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) ranging from $5 million to $50 million.
NSM Capital SARL Signs Framework Cooperation Agreement with Multinational Construction and Engineering SOE for the TitanBeach Mining Project
NSM Capital, a 76.5%-owned subsidiary of Steadright, has secured a binding 32% carried interest in the TitanBeach Titanium Project through a Framework Cooperation Agreement with a multinational state-owned enterprise.
The carried interest structure exempts NSM Capital from future exploration or production cost obligations, while the SOE partner will provide full-process engineering and operational capabilities.
The project includes a 192 sq km claim package with a 16 sq km permitted mining concession; environmental permits have passed the public process stage and are awaiting signature.