
BACCHUS CAPITAL VENTURES
As an independent investment and merchant banking platform, Bacchus Capital Ventures has the creativity and flexibility to engage clients and counterparties with a view to identifying value accretive opportunities, creating companies, vehicles or scenarios in order to leverage situations to the benefit of all parties. The combination of deep sector experience, financial expertise and long-term relationships provides us with a sound platform from which to invest directly into and alongside our clients, and into special situations for mutual benefit.
In 2017 Bacchus Capital Ventures identified uranium as a commodity yet to benefit from the cyclical recovery in prices, and that while the near-term investment thesis was compelling, there are few opportunities in the UK market for investors to gain exposure to the commodity.
As a result, Bacchus Capital Ventures founded, established and incorporated Yellow Cake plc with the intent of creating a vehicle that provided investors direct exposure to the price of physical uranium U3O8 - yellow cake. On behalf of Yellow Cake, Bacchus Capital Ventures:
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Negotiated a US$1.1 billion uranium supply contract with Kazatomprom, the world’s largest and lowest cost uranium producer
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Secured a multi-year storage contract in Canada at highly competitive rates
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Created 308 Services Limited, a private company with uranium expertise, used to fund the pre-IPO expenses of Yellow Cake, and provide ongoing services to Yellow Cake under a long-term contract
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Formed a high quality board and appointed a highly experienced Chairman, CEO and CFO
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Originated a substantial component of the IPO investment book including cornerstone investors from Canada, Russia, Europe and Australia
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Acted as IPO Adviser on Yellow Cake’s successful US$200 million IPO, which won Mines & Money’s 2018 Deal of the Year as one of the largest mining focused IPOs of the last five years

At the end of 2022, Bacchus Capital Ventures founded BG Gold along with their partner, AG Gold Investments Corp., to acquire the Whale Cove Gold Project (formerly Pistol Bay Gold Project). The Project is a highly prospective gold exploration project with a 781 km squared contiguous claim area near the hamlet of Whale Cove in Nunavut, Canada. Vickers, the principal target on the tenements, has a historical inferred mineral resource estimate of 1.6 million ounces of gold, which includes high-grade intersections (e.g. 101m at 12.3 g/t of gold and 163m at 5.6 g/t of gold). Vickers is roughly 80 km away from Agnico Eagle’s Meliadine mine. On behalf of BG Gold, Bacchus Capital Ventures:
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Set up the company, including forming a high quality board and management team
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Secured the acquisition of the Whale Cove Gold Project
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Originated most of C$10 million raised across three capital raises in 2023, which included investments by some of the sector's most prominent figures
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The funding supported the largest ever drill programme conducted at Vickers in 2024, where drilling began in 1987, representing around a 30% increase in the metres drilled at the deposit

In 2021, Bacchus Capital Ventures established a unique voluntary carbon credit initiative via its Green 14 impact investing vehicle. Green 14 was founded by Bacchus Capital and Space for Giants, leveraging expertise in the financial and conservation sectors to deliver a comprehensive, scalable and premium nature-based global carbon credit solution.
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Green 14 identifies, develops and oversees new carbon sequestration projects in order to provide investors with exposure to the highly strategic global carbon credit market. Conservation activities are undertaken at each project to combat climate change through avoided deforestation and degradation, as well as by restoring ecosystems and their sequestration capacity, resulting in an authentic, verified, reduction in carbon in the atmosphere. Verified reductions can be converted into high-quality nature based voluntary carbon credits.
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Green 14 represents a unique partnership to underwrite conservation of key heritage global landscapes, generating carbon credits of the highest quality, and based on conservation standards of the highest integrity. As demand for VCUs is expected to grow, driven by investors and consumers insisting on net zero commitments, Green 14 will offer investors direct commercial exposure to the rapidly growing voluntary carbon markets.
