The European Bank for Reconstruction and Development (EBRD) has announced the launch of the Junior Mining Programme (JUMP), a dedicated €150 million investment facility aimed at supporting early-stage mining companies across its countries of operation.
The programme targets small and medium-sized enterprises as well as small mid-cap companies (both listed and unlisted) engaged in exploration and project development following a resource discovery and prior to mine construction. A key eligibility requirement is the reporting of resources and/or reserves in line with internationally recognised reporting standards.
JUMP primarily focuses on projects involving critical and strategic raw materials essential for the green and digital transition. Other commodities, including base and precious metals, may be considered selectively to support broader economic development.
Investments will be made through minority equity stakes (5–25%) and quasi-equity instruments. The initial investment period will run until the end of 2029.
In addition, JUMP includes a dedicated €50 million EU–EBRD co-investment facility focused exclusively on critical raw materials projects in the EBRD region in connection with Horizon Europe.
The EBRD also intends to mobilise qualified co-investors alongside its financing, including private equity and venture capital funds, asset managers, operating mining companies and off-takers.
All projects will undergo individual assessment in line with the Bank’s Environmental and Social Policy.