Capital pathways — for Canadian companies
Public or private capital — your choice
Canadian mining companies can stay private or list in the Gulf. Both routes are set out here — what each one costs, what you have to disclose, and how long it takes — so you can pick the one that fits your stage and the kind of Gulf investor you want.
Route 1 — Public capital
List publicly in the UAE
Once listed, your shares can be bought and sold by Gulf and international investors on any trading day. Canadian companies can explore a listing in Dubai or Abu Dhabi:
DubaiDubai Financial Market — DFMDubai’s main onshore exchange. For companies that want UAE and wider Gulf retail and institutional investors, and a listing in Dubai’s local market.
Dubai — DIFCNasdaq DubaiThe international exchange in the Dubai International Financial Centre (DIFC), operating under an international regulatory framework. For companies seeking an international listing and international investors.
Abu DhabiAbu Dhabi Securities Exchange — ADXAbu Dhabi’s main exchange and one of the region’s largest markets. For companies that want Abu Dhabi’s institutional and sovereign-linked investors.
What a listing costs — on top of CGMA’s fees
Exchange and regulator fees are charged by the exchange and the regulator — not by CGMA — and are payable in addition to any CGMA membership or guidance fees. The amounts depend on the listing. For Nasdaq Dubai (equities), the published schedule is:
- Application fee: US$5,000
- Initial admission: US$70,000–US$250,000, scaled to the total number of securities admitted
- Annual fee: US$20,000–US$50,000
- Plus DFSA fees: the Dubai Financial Services Authority charges its own application, prospectus and annual fees, on top of the exchange’s
DFM and ADX fees likewise vary with the size and capital of the listing — confirm them from each exchange’s own published fee schedule before you budget. Nasdaq Dubai — official listing & annual fees →
How CGMA helps — and what it does not do: CGMA introduces you, helps you prepare, and guides you toward the right exchange, regulator and professional advisers for your situation. CGMA does not list companies itself and does not guarantee a listing. Every listing is subject to the chosen exchange’s and regulator’s eligibility, disclosure and approval requirements, and to your own legal and financial advice.
Route 2 — Private capital
Raise privately, stay private
The established CGMA route — no public listing, no public-market disclosure. You raise from Gulf investors privately, on terms negotiated directly, through CGMA’s screened marketplace and investor network.
- Private placements and strategic equity from Gulf family offices, funds and qualified private investors
- Joint ventures and project-level partnerships with long-horizon Gulf partners
- Offtake-linked finance and mineral-processing partnerships tied to your production
- Royalty, streaming and structured deals — introduced privately, member to member
- Full project details shared only with qualified members under NDA, never published
How it works: List in the CGMA Marketplace, get screened once, and be introduced only to investors whose mandate fits. You keep private-company control and confidentiality while still reaching Gulf capital.
Producing and larger development companies often suit a listing; earlier-stage explorers usually suit private capital first — and many companies use both, in sequence.
Public listing — UAEPrivate capital — CGMA network
ControlBroader shareholder base and public-market governance; founders typically hold a smaller, more dispersed stake over time.You negotiate directly with a small number of partners; control and terms are set deal by deal.
DisclosureOngoing public disclosure, audited reporting and exchange rules — your finances and material news are public.Confidential. Disclosure is private, staged and under NDA to qualified investors only.
TimelineA longer, formal process — preparation, eligibility review and regulator / exchange approval. No timeline is guaranteed.Generally faster to first introduction, because there is no listing approval — timing still depends on diligence and fit.
Investor reachWidest reach: Gulf retail and institutional public investors, plus — via Nasdaq Dubai — international investors.Targeted reach: a screened set of Gulf funds, family offices and strategic partners matched to your mandate.
CostsCGMA membership / guidance fees, plus the exchange’s and regulator’s own fees, charged separately and on top — for Nasdaq Dubai: a US$5,000 application fee, initial admission of US$70,000–US$250,000 and US$20,000–US$50,000 a year, plus DFSA fees. DFM and ADX fees vary by listing size and capital.CGMA membership only — Explorer CA$1,950 a year or Developer CA$4,950 a year — with introductions capped by tier, plus any success fee agreed in writing.
Best suited toLarger, later-stage or producing companies ready for public scrutiny, ongoing reporting and a public profile.Exploration, development and private companies that want strategic Gulf capital without becoming a public company.
Not sure? Choose “Both” or “Not sure yet” — CGMA will talk through both routes in one confidential conversation. CGMA does not recommend either route.