Form D Rcf Jolimont Mining Innovation Fund Ii-a L.p.

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Rail-Veyor® Moves to the Fast Track with New Investor RCF Jolimont Mining Innovation Fund II L.P.

8 MARCH 2021 – Canadian company Rail-Veyor Technologies Global Inc. (Rail-Veyor) is pleased to announce it has agreed to accept an offer from RCF Jolimont Mining Innovation Fund II L.P. (RCF Jolimont II) for a significant stake in Rail-Veyor.

RCF Jolimont II, a global investor in mining innovation, adds Rail-Veyor to its portfolio of high growth Mining Equipment, Technology and Services (METS) companies which are transforming the industry. Rail-Veyor was first brought to the attention of RCF Jolimont II during the 2019 Mining Cleantech Challenge which Rail-Veyor subsequently won in 2020.

RCF Jolimont II is part of Resource Capital Funds a group of commonly managed private equity funds, established in 1998 with a mining sector specific investment mandate spanning all hard mineral commodities and geographic regions.

The Rail-Veyor TrulyAutonomous™ haulage system is a low-cost, fully autonomous, and electrically powered materials handling system operational in mines around the world. With zero diesel emissions and significantly reduced OPEX costs over traditional methods – 90% lower than diesel truck haulage – the system will also eliminate the potentially fatal risk factors of vehicle-human accidents and belt fires.

Charles Gillies, a Director at RCF Jolimont Innovation, part of Resource Capital Funds, stated, "Rail-Veyor is at the nexus of three major trends in mining: the rapid shift to electrification, automation, and a growing emphasis on environmental sustainability. The Rail-Veyor system is a cleaner choice compared to diesel for both the planet and the workforce with no heat, dust, or dangerous particulates generated by the system."

Rail-Veyor is successfully operating at three mines with a fourth becoming operational soon when the Kazzinc Dolinny Mine implementation in Kazakhstan is completed.

Rail-Veyor Executive Chairman Jim Fisk added, "We welcome the investment from RCF Jolimont which will enable us to fast track the rollout of the Rail-Veyor system to the many other sites with which we are close to signing deals."

RCF Jolimont II's Charles Gillies and Lex McArthur will join the Rail-Veyor board of directors. Clairfield International (Thierry Pepin – Canada) acted as exclusive financial advisor to Rail-Veyor while the Chicago-based law firm McLachlan, Rissman & Doll provided legal advisory services to the Company.

About RCF Jolimont Mining Innovation
RCF Jolimont Innovation invests in high growth mining equipment, technology and services (METS) companies, assisting these companies to be globally successful. The METS sector presents investment opportunities, magnified during periods of volatile commodity prices and/or high operating costs. Mining companies rely increasingly on METS companies to provide incremental as well as step-change solutions to improve productivity and lower costs.
RCF Jolimont Innovation is part of Resource Capital Funds, ("RCF"), a group of commonly managed private equity funds, established in 1998 with a mining sector specific investment mandate spanning all hard mineral commodities and geographic regions. Since inception, RCF has supported 197 mining companies, with projects located in 51 countries and across 32 commodities. Further information about RCF can be found on its website www.resourcecapitalfunds.com.

About Clairfield International
Clairfield International www.clairfield.com provides advisory services on middle-market transactions for large companies, private investors and private equity, public sector clients, and family businesses. Headquartered in Europe with locations in every major region worldwide, Clairfield offers clients access to local corporate businesses, investors, and key decision makers, combined with a deep understanding of local regulations and cultures. Clairfield International ranks as one of the top independent M&A advisors in league tables worldwide.

Contacts
Charles Gillies, Director, RCF Jolimont Innovation charlesg@rcfjolimont.com
Jim Fisk, Executive Chairman, Rail-Veyor Technologies Global Inc. jfisk@railveyor.com
Lisa Youngblood, Executive Director, Marketing & Communications, Rail-Veyor Technologies Global Inc. lyoungblood@railveyor.com

Rail-Veyor® Wins 2020 Mining Cleantech Challenge

SUDBURY, ONTARIO, CANADA – Canadian company Rail-Veyor Technologies Global Inc. won first place in the 4th annual Mining Cleantech Challenge on July 23, 2020. Along with winning the title, a US$5,000 prize was awarded which RVTG announced would be used for education-based marketing to mining companies, engineering and consulting companies, and mining schools.

Their technology was chosen by mining executives and investors in the industry as the best among a competitive field of 13 total companies representing the United States, Canada, Australia, and the United Kingdom. An international team of judges reviewed and voted on the winners at the first ever virtual Mining Cleantech Challenge hosted by Colorado Cleantech Industries Association (CCIA).

“The Rail-Veyor® TrulyAutonomous™ haulage system is a natively electric solution so there are no diesel emissions to affect the workforce or community of a mine either underground or on surface applications. We are proud that the Rail-Veyor system is a cleaner choice for the planet than other standard bulk material hauling choices with the added benefit of significantly reduced opex costs,” Rail-Veyor’s Lisa Youngblood, Executive Director of Marketing and Communications, stated of the winning technology.

Sponsors and partners of the program included Newmont, BHP, Fresnillo, Royal Gold, Ausenco, Clareo, Colorado School of Mines, Consulate General of Canada – Denver, Dorsey, Jolimont Global Mining Systems, Resource Capital Funds, Rocky Mountain Institute, and The J.P. Morgan Center for Commodities at UC Denver Business School.

CCIA’s Executive Director, Helen El Mallakh reflected on the relationship between cleantech and the mining industry, “Today, the mining industry is being called upon to provide the materials that are necessary to build a more sustainable global economy. In many ways, mining is at a pivot point and cleantech is the catalyst. That is why the technologies that are used in this sector are so meaningful and why events like the Mining Cleantech Challenge are critical in advancing the process.”

Following the Mining Cleantech Challenge, a virtual networking reception was held where guests of sponsors and presenting companies joined cleantech industry leaders. In addition to Rail-Veyor’s winning presentation, Earth Alive Clean Technologies from Canada took in second place and NanoSeis from Colorado rounded out the top three.

“On behalf of CCIA, I thank our sponsors, partners, and participants for making this year’s Challenge so successful, and we look forward to future Mining Cleantech Challenges that will be held in less challenging times for us all,” Helen El Mallakh concluded.

Ms. Youngblood expressed, “We were excited to be selected as a finalist for the Mining Cleantech Challenge. The change to a virtual event provided some challenges, but it was great to meet innovators from around the globe. With so many exceptional ideas presented during the day, I was honestly surprised and thrilled when Rail-Veyor was announced as the winner. We are looking forward to advancing the conversations with industry leaders who are making cleantech a priority for their companies.”