Where Legacy Meets Ambition

Responsible Mining in Uganda, From Exploration to Market.

Exploration, gold project development and a planned entry into critical minerals — developed with institutional governance and strategic partners, anchored in Uganda.

Access to detailed project information is released to qualified investors under NDA, KYC and internal approval.

5Granted exploration licences
SML 00575Kasanda ore-to-doré development
Critical mineralsPlanned next phase
Offtake · Grants · GovernmentStrategic partnerships
Live commodity prices — Gold · Silver · Platinum · Palladium · Copper · USD/UGX

About Memnon

An institutional platform for African minerals

Memnon Capital Africa is a minerals and mining company. We explore, formalise and develop mineral projects in Uganda — turning licences and ore into bankable, institution-grade opportunities built on transparency, governance and long-term value creation. We operate at the intersection of local access and global standards.

Uganda
Anchored & licensed
Minerals
Single-sector focus
SPV
Ring-fenced structures
ESG
Governance-led

Investment Thesis

Why Uganda. Why now.

A rare window for disciplined, high-impact mineral investment in one of East Africa’s most resilient economies.

01

A defining decade of growth

Above-trend expansion driven by public investment, demographic momentum and rising domestic consumption.

02

Critical minerals in national focus

Government is prioritising exploration, mineral data and in-country value addition across gold and critical minerals such as copper, cobalt, graphite and rare earths.

03

A modernised mining framework

The Mining and Minerals Act 2022 introduced streamlined licensing, transparency and a clear push toward value addition.

04

Access to a regional market

EAC and AfCFTA membership connect Uganda to a vast, fast-growing market with harmonising regulation and trade corridors.

Exploration

Building the pipeline, licence by licence

Exploration is where every Memnon project begins. Our geologists work granted exploration licences and screen third-party ground through a stage-gated programme — so capital only follows evidence, and each project earns its way toward a mining licence and processing.

  • Desktop review, reconnaissance and geological mapping
  • Rock-chip, soil and channel sampling with independent assay
  • Target definition, trenching and resource modelling
  • Environmental, licensing and mine-plan compliance from day one
Our exploration work →
Rows of sample trays laid out on a rocky hillside
Aerial view of an open-pit mine and processing area

Minerals & Mining Platform

Structured partnerships from ore to doré

Memnon helps licence holders modernise and formalise production — combining capital, processing capacity, technical screening and compliant offtake. Our first ore-to-doré development at Kasanda (SML 00575) is operated in Uganda through the Concord Minerals Group joint venture.

  • Licence verification & DGSM compliance
  • Metallurgical testing & recovery optimisation
  • Structured processing & accountable gold custody
  • ESG, mercury-reduction & community engagement
Explore the mining platform →

Mining operating model

Licence → Assay → Processing → Doré → Reporting

One accountable line of sight from the mining face to sealed doré and board-level reporting — enforced by the Ore-to-Doré Management System.

01

Licence

Verified, compliant SML feedstock.

02

Assay

Grade & recovery testing.

03

Processing

Structured recovery & production.

04

Doré

Sealed doré under custody.

05

Reporting

Reconciliation & board reporting.

SML 00575 · Kasanda

The Kasanda ore-to-doré development

Memnon’s flagship: a licence-backed ore-to-doré project on SML 00575 at Kasanda, operated through the Concord Minerals Group joint venture. The project is in development, ahead of commercial production. It is designed to aggregate qualified ore, process it accountably and produce sealed, reconciled doré.

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Critical minerals · Planned next phase

Beyond gold, built on partnership

Memnon plans to extend its exploration and development model into critical minerals. We intend to enter the segment with partners at the table from the start — so that projects are shaped around real demand, patient capital and public policy.

01

International offtakers

Early engagement with refiners, traders and industrial end-users, so product specification, traceability and route to market are defined before capital is committed.

02

Grant-makers & development finance

Working with grant-giving institutions and development partners on early-stage geology, feasibility, ESG and community programmes that commercial capital rarely funds alone.

03

Governments

Alignment with the Government of Uganda and partner governments on licensing, value addition and responsible, traceable mineral supply chains.

Critical-minerals activity is at planning stage. No licence, resource or offtake is implied until announced and independently verified.

Governance & Leadership

Built for execution

Deep local authority combined with global investment expertise, under a disciplined governance framework.

Dr. Elly W. Karuhanga, Co-Founder & Chairman

Dr. Elly W. Karuhanga

Co-Founder & Chairman

A senior Ugandan advocate and business leader with decades of experience across law, energy and public policy. As Chairman he anchors Memnon’s governance, institutional relationships and standing across East Africa.

Prince Edward Igumira, Co-Founder & Board Director

Prince Edward Igumira

Co-Founder & Board Director

Co-founder responsible for strategic partnerships, stakeholder relations and local access — aligning Memnon’s projects with communities, licence holders and government stakeholders across Uganda.

Kristian Kvavik, Chief Executive Officer & Board Director

Kristian Kvavik

Chief Executive Officer & Board Director

Chief Executive leading Memnon’s strategy, capital structuring and international investor engagement, and the build-out of the company’s exploration, gold and critical-minerals platform.

Haluk Kulin, Chief Operations Officer & Board Director

Haluk Kulin

Chief Operations Officer & Board Director

Chief Operations Officer overseeing operations, project execution and delivery of the group’s mining and ore-to-doré processing platform, including the Ore-to-Doré Management System.

Jarvis Smith, Board Director

Jarvis Smith

Board Director

Board Director supporting governance, capital markets and strategic development, and the disciplined, standards-led deployment of capital across the platform.

Corey Boaz, Board Director

Corey Boaz

Board Director

Board Director based in Oregon, USA, with a background leading construction and drilling operations. Guided by a “profit with a purpose” approach, he brings a hands-on operator’s perspective to the board and champions community-level impact, including clean-water access in Uganda.

The Memnon Platform · Qualified investors

Public website and investor data room

Memnon operates as an integrated platform. This public website is the institutional front door to our strategy, projects, leadership and market intelligence. The secure investor data room holds detailed project information, governance materials, financials and pipeline — released to qualified investors following NDA, KYC and internal approval.

  • Project & portfolio documentation
  • Governance & compliance materials
  • Financial & structuring information
  • Geology, project deep-dives & pipeline
City skyline at dusk

Community Development Program

Community development with Spotlight On Africa

Memnon’s impact is delivered on the ground, not just described. Our Community Development Program — run with our partner Spotlight On Africa — channels benefit from our mining projects into education, skills, health, women and family support and local enterprise in the communities where we operate.

Workers in hard hats and high-visibility vests seated at an outdoor site briefing

Community development

Local development anchored to project benefit.

Education & youth opportunity

Education and youth-opportunity programmes.

Skills & vocational training

Vocational and safe-mining skills training.

Women & family support

Support for women and families in mining communities.

Health, safety & livelihoods

Health, safety and sustainable livelihoods.

Local enterprise development

Local enterprise and supplier development.

Responsible mining formalisation

Responsible small-scale mining formalisation.

Benefit-sharing

Benefit-sharing from mining projects.

Spotlight On Africa

Spotlight On Africa — community-development & implementation partner

Spotlight On Africa is Memnon’s community-development and implementation partner — a real programme, not a sponsorship line. Together we ensure benefit from mining reaches local communities through education, skills, health, women and family support and enterprise, alongside responsible small-scale mining formalisation.

A gold bar beside rough gold nuggets on dark cloth

Impact & ESG

Formalisation, safety and shared value

Memnon supports the formalisation of small-scale mining — safer practices, mercury reduction, environmental compliance and stronger local livelihoods — aligned with recognised ESG standards and the goals of UGAASM.

Our impact approach →

Trusted capability

Partners & institutional network

Execution strength across law, geology, mining technology, capital markets and artisanal-mining formalisation.

Engage with Memnon

Investors and strategic partners

For institutional investors

Request Access to Dataroom

Qualified investors can request access to detailed project, governance and pipeline materials — released under NDA, KYC and internal approval.

Request Access to Dataroom →

For offtakers, grant-makers & governments

Discuss a strategic partnership

Offtakers, development-finance and grant-making institutions and government partners can open a conversation on exploration, gold and critical minerals.

Start a partnership conversation →

Important information. This website is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities or financial instruments, nor investment, legal or tax advice. Access to detailed project information may require NDA, KYC and internal approval.

All projects and opportunities are subject to financing, permitting, technical validation, assay verification, metallurgical testing and final due diligence. No mineral resource or reserve estimate is implied unless independently verified under recognised reporting standards. Nothing herein promises fixed returns, guaranteed production or confirmed reserves.