Ferrox is fully permitted (Mining, Water Rights, Land Use Rights) and fully compliant with South African black economic empowerment legislation. The company focus is on Sub Saharan Africa, a continent rich in mineral resources. Founded in the British Virgin Islands (BVI), Ferrox is the holding company for several South African subsidiaries including Tivani (Pty) Limited (Tivani) and Tivani-LMS (Pty) Limited (LMS). It is located in long term mining region of the Limpopo Province in South Africa. With a specific focus on emerging and transitional sector opportunities, the Company is building a diverse portfolio of royalties, rents, and revenue shares.įerrox Holdings is majority owner of Tivani Project ilmenite (TiO2), iron, vanadium (V2O5) and phosphate project which is in an advance development stage. remains actively engaged in pursuing investment and development prospects across a range of industries. Through the Tivani project, Ferrox is initially focused on the production of ilmenite concentrate, titanium metal, titanium dioxide, and ferro titanium along with magnetite concentrate and pig iron, and the company has a NI 43-101 compliant resource showing 471 million tonnes of titaniferous magnetite. Prior to commencing production, Ferrox performed extensive preparations, studies and development with more than $70 million invested into the asset's infrastructure and processing equipment along with mine development. As a team, we are focused on scaling our production while also upcycling our production in-country to benefit not only our shareholders but also the local community through job creation.'įerrox owns the rights to the high quality Tivani mining deposit located in the Limpopo Province of South Africa. Having the financial support of Royalty Management Holding Corporation has helped us achieve this result while also positioning our company for future success in the current market. The team has worked tirelessly to ensure that we achieved this milestone before the year end of 2023 and we have met that goal. I have always felt valued as a team member, and the collaborative nature of the - more.Terry Duffy, CEO of Ferrox Holdings stated, 'This is an exciting moment for the company and its shareholders, to hit our goals of commencing initial production of run of mine titanium ferrite from our Tivani site. The management team is approachable and always willing to listen to their employees' ideas and concerns. This speaks volumes about the company's commitment to helping customers achieve their financial goals, even when faced with challenging situations.Īnother noteworthy aspect of working at Obsidian Financial is the supportive and inclusive company culture. In particular, their ability to close loans that were previously turned down by other lenders is truly remarkable. The team is exceptional at what they do and displays great dedication to ensuring that loans are processed efficiently and effectively. This level of efficiency fosters a positive working environment and cultivates trust between the company and its employees.įurthermore, I must commend Obsidian Financial's underwriting department.

Getting paid for my hard work has never been an issue, as the payouts are consistently processed without delays. I have never encountered such a seamless and prompt process in my career.

One of the aspects that truly sets Obsidian Financial apart from other lenders is their fast and efficient broker payout system. This competitive compensation has motivated and empowered me to perform at my best, knowing that my efforts are recognized and fairly rewarded. As an employee, I can confidently say that this company stands out in the industry, offering some of the best lender compensation rates at an impressive 4.00%. Working at Obsidian Financial has been an absolute delight and a truly rewarding experience.

Working at obsidian financial services