Apex is led by a highly experienced team that founded Trident Royalties plc prior to its acquisition by Deterra Royalties for £144 million in 2024. Collectively the team has over 100 years’ multi-disciplinary experience in the metals & mining sector.

James Kelly

Chief Executive Officer and Co-Founder

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Biography

James is the CEO of Apex Royalties. Prior to co-founding Apex, James was one of the founding shareholders and the founding Chair of Trident Royalties plc which was acquired by Deterra Royalties in 2024.

With over 20 years in the mining industry James has held a broad range of roles encompassing strategy, corporate development, strategy, capital allocation and principal investing.

Prior to Trident, James was a senior member of the Xstrata business development team, a founding partner of Greenstone Resources LP, held roles at JPMorgan and Vedanta Resources plc and has held various non-executive directorships.

James is a member of the Advisory Committee for the European Bank for Reconstruction & Development (EBRD) Junior Mining and is a Fellow of the ICAEW and holds a BA (Hons) from University College London.

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Diversified Strategy

Apex’s diversified approach allows it to pursue superior returns by capitalising on cyclically mis-priced opportunities across commodity cycles

Diversification drives a cycle of enhanced returns

A diversified portfolio lowers volatility, leading to higher quality of earnings which unlocks a lower cost of capital, leading to higher NAVs and an ability to be more competitive in securing further acquisitions, creating greater diversification.

Commodity diversification

Apex will invest in all minerals (with the exception of thermal coal). We have a preference for mainstream and future facing commodities but can invest in niche commodities subject to appropriate returns.

Geographic diversification

Apex’s global mandate allows us to access opportunities across the world, however, typically we focus on established mining royalty jurisdictions with a preference for OECD countries.

Asset stage diversification

We will invest across the full spectrum of a mining asset’s life cycle. Whilst we have a preference for production and near production assets, we invest in earlier stage opportunities where appropriate risk adjusted returns are available and where there is a pathway to a large scale asset.

Our Team

Apex is led by a highly experienced team that founded Trident Royalties plc prior to its acquisition by Deterra Royalties for £144 million in 2024. Collectively the team has over 100 years’ multi-disciplinary experience in the metals & mining sector.

James Kelly

Biography

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Diversified Strategy

Apex’s diversified approach allows it to pursue superior returns by capitalising on cyclically mis-priced opportunities across commodity cycles

Diversification drives a cycle of enhanced returns

Commodity diversification

Geographic diversification

Asset stage diversification

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