Surety

PRL specializes in Mining Reclamation Surety, delivering innovative solutions that ensure compliance and optimize financial flexibility for junior miners and major mining companies.
Strip mining background with a road running parallel and multiple trunks driving on road
OVERVIEW

Surety Expertise

  • Specialized & Experienced – PRL’s team has deep expertise in Mining Reclamation Surety, with backgrounds in both underwriting and brokering, allowing us to structure effective and strategic bonding solutions. We specialize in developing innovative programs for junior miners and some of Canada’s largest mining companies, ensuring compliance while optimizing financial flexibility.
  • Industry Knowledge – We understand the complexities of the mining sector, including regulatory requirements and financial considerations, ensuring our clients receive tailored surety solutions that support their business objectives.
  • Government Advocacy – We have successfully engaged with government agencies to expand the acceptance of surety bonds, helping clients access more flexible financial security options.
  • Strong Surety Relationships – Our established partnerships with leading surety providers enable us to secure competitive terms and customized bonding solutions for our clients.

Why Choose PRL?

PRL is Canada’s leading broker in Mining Reclamation Surety, leveraging our market influence, deep expertise, and industry relationships to deliver the best solutions for our clients.
01
Unmatched Expertise – With a specialized focus on Mining Reclamation Surety and a team with underwriting and brokering backgrounds, we bring a depth of knowledge that sets us apart.
02
Proven Track Record – We have a history of delivering solutions that provide financial flexibility, liberate collateral, and improve liquidity ratios for our clients.
03
Innovative Financing Solutions – PRL has been a leader in developing creative financial strategies, including access to Letters of Credit through a Surety Facility. This off-balance-sheet financing option frees up borrowing capacity and is particularly valuable when regulators do not accept surety bonds.
04
Cost-Effective Solutions – Our strategic approach ensures that we secure competitive, cost-effective surety arrangements that optimize financial resources.
05
Trusted Surety Relationships – We have strong partnerships with licensed, reputable surety providers, ensuring our clients receive secure, reliable, and compliant bonding solutions.
06
Committed to Your Success – We take a strategic and proactive approach, working closely with you to navigate the complexities of mining reclamation surety with confidence.
Comprehensive Offerings

Success Stories

Large Surety Placement

PRL completed a Surety Placement for a client that liberated >$25M USD in restricted cash.   This was a challenging placement due to the mine being in care and maintenance

Government Advocacy

At PRL, we actively engage with government agencies to expand the acceptance of surety bonds, unlocking financial flexibility for mining companies.

Department of Fisheries and Oceans: PRL successfully developed a Surety Bond form that freed up $33M in borrowing capacity for an Ontario-based gold mining company, allowing them to reallocate financial resources to core operations.
Newfoundland and Labrador Hydro: We played a key role in developing a Bond Form that provides mining and industrial clients with additional financial security options.
RESOURCES

Tools and Support for Surety

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