What are the key assets backing the project, and what is the expected operational scope in terms of life-cycle?

The core assets are the Thesaur Neaua and Cuci deposits in Romania. The operational scope is defined by the following verified geological reserves: Verified Reserves: 31.2 million tons of quartz sand at Neaua and 800,000 tons at Cuci.Operational Life: the deposits support an estimated mine life-cycle of 31 years at a projected annual extraction rate of 1 million tonnes. An additional resource of more than 5 million tonnes below the current pit floor was not included in the void calculation, offering potential for further extension.Raw Material Quality: Laboratory analysis confirms 84-86% quartz content in the raw material. A significant technical advantage lies in the fact that impurities are crust-covering (therefore surface level) rather than infiltrating the quartz, simplifying purification and enabling energy-efficient processing.Processing: The plan includes a CDE plant (150 t/h feed rate) designed to achieve final product specifications of 99% silica content (solar grade specifications).

What is the total funding required for this project, and what specific equity stake is being offered?

The total capital expenditure (CAPEX) required for the Thesaur project is EUR 45 million (~ USD 52.3 million). This sum is divided into two phases: Phase I - EUR 20 million for the quarry and processing plant infrastructure (CDE plant).Phase II - EUR 25 million for the silicon ingot pulling and wafer production facility, which is strategically planned to be financed from first-year operational cash flow.Equity participation is offered at EUR 1 million per 1% stake, up to a maximum 20% participation.

What are the projected financial returns (reward potential) and core profitability metrics over the 33-year project life?

The financial projections are modeled under conservative scenarios. Key metrics include: Total Revenue: EUR 18.56 billionNet Profit: EUR 13.85 billionInternal Rate of Return: 570%Overall Return on Investment (ROI): 69,261% (a EUR 692 return for ever EUR 1 invested)Net Present Value (NPV at a 20% discount rate): EUR 1.26 billionProfit Margins: in excess of 70% in the majority of operational years

How does Thesaur diversify its revenue streams beyond standard quartz and sales?

The business plan is built around eight distinct product categories. Our strategy involves vertical integration to maximise profitability. Primary Focus: Silicon Ingots and Wafers (high purity material for chips and electronics) which are projected to constitute 75.8% of the total revenue structure.HPQS: various grades of High Purity Quartz Sand (>99.5% SiO2) for specialised industrial use.Valuable by-products: the project benefits from separating heavy minerals, specifically titanium dioxide (TiO2 1.5% content) and zircon (ZRSiO4 0.3% content). These by-products are highly valuable (for example, TiO2 bulk price approximately EUR 5/kg, Zircon approximately EUR 28 kg).

What market need does Thesaur solve, factoring in geopolitical aspects?

The business plan is built around eight distinct product categories. Our strategy involves vertical integration to maximise profitability. Geopolitical Risk Mitigation: Thesaur provides an EU-domestic source of HPQS, significantly reducing exposure to regulatory scrutiny concerning human rights violations in the Chinese polysilicon industry, which is largely dependent on activities in the Xinjiang Uyghur Autonomous Region;Supply Chain Risk Mitigation: A reduction in supply risk arising from potential instability in Taiwan, where over 70% of HPQS processing occurs;Strategic Timing: The operation is strategically timed to coincide with growing European demand for critical minerals, supporting initiatives like the planned Black Sea AI Gigafactory (an EUR 5 billion investment in Romania) and European AI sovereignty initiatives;There is a scarcity of deposits globally that meet the stringent 99.5% purity requirements for high-tech applications.

What is the unique dual-revenue model involving tokenisation, and how does it enhance the investment proposition?

Primary Revenue: Generated from traditional mining, processing, and sale of minerals (HPQS, Silicon Ingots, and by-products);Secondary Revenue (eSand Token): the project features the first-ever asset-backed cryptocurrency (eSand) tied to physical mining reserves. Equity investors receive equivalent eSand tokens at market prices. The token value correlates with physical sand extraction progress, market demand for HPQS, and strategic reserve scarcity;Long-term vision: the concept of a stable digital currency, the Sand Dollar, backed by sand, titanium dioxide, and zirconium, is also proposed, blending stability with a critical strategic commodity;

What safeguards are in place to manage the inherent financial risks of a mining venture?

The project employs the following risk mitigation strategies: Offtake Security: a major risk is mitigated by an existing Offtake Assurance (MoU) exceeding EUR 200 million annually for HPQS and silicon wafers, secured with a major European-Chinese photovoltaic manufacturer;Downside Profitability: the venture is designed to remain highly profitable even in a worst-case scenario (selling only raw silica sand to established industrial clients). In this scenario, the project generates a minimum annual profit of EUR 27 million, enabling a full return on investment (ROI) in under two years for the initial investment;Capital protection: minority shareholder protections ensure priority reimbursement of capital from net free cash flows before any profit distribution in a downside scenario;Diversification: revenue is diversified across eight distinct product categories and heavy minerals reducing dependency on a single market;

Who forms the leadership team behind this complex technical and financial plan?

The project is led by a team of industry experts with profound expertise in relevant sectors. The leadership boasts a combined experience exceeding 450 years. Key roles include: Zoltan Losonczi, MBA (Chairman of the Board): over 24 years of experience in international business development, strategic planning, and risk management.Marius Silviu Pop, BEc (Chief Operating Officer): Experienced in aggregates extraction and processing, overseeing day-to-day operations and strategic execution;Lajos Losonczi, PhD (Chief Science Officer): 47 years of expertise in semiconductor technology, focusing on scientific innovation and process optimisation;Mircea Dragos Radu, PhD (Chief Financial Officer): responsible for financial health, planning, analysis and compliance.

Thesaur - The World's First Phygital Commodity

Name: eSand Token
Brand: Thesaur
Availability: LimitedAvailability

The fusion of tangible industrial value creation and its secure digital representation, unlocking transparency, traceability and global access.

Explore Investment

The Strategic Imperative for a Secure Supply

Critical European industries face severe geopolitical and regulatory vulnerabilities by relying on High-Purity Quartz Sand (HPQS) from unstable regions. Thesaur provides a vital, EU-domestic source to ensure strategic autonomy and de-risk supply chains.

Global Sand Shortage & Geopolitical Risk

HPQS is scarce, and over 70% of its processing occurs in Taiwan. Furthermore, much of the polysilicon industry relies on materials from China's Xinjiang region, creating regulatory and human rights risks for European companies.

EU Strategic Autonomy

An EU-domestic source of HPQS is a long-term strategic asset. It reduces exposure to supply chain disruptions, geopolitical instability, and restrictive trade policies, ensuring European industries can operate without interruption.

Romanian AI & Tech Hub

Our location is positioned to serve the proposed €5B Black Sea AI Gigafactory, a key part of the EuroHPC AI Factory Initiative. This positions Thesaur at the heart of Europe's push for technological sovereignty.

Projected Market Growth

The expanding markets for HPQS and Semiconductor Silicon, driven by relentless high-tech demand.

Strategic Market Analysis

The silicon wafer market is not just growing; it's being fundamentally reshaped by powerful technological trends and high-stakes geopolitics. Understanding these drivers is key to recognizing the strategic value of Thesaur.

Key Technology Trends & Demand Drivers

AI, Data Centers & 5G

The insatiable demand for advanced chips for AI infrastructure, combined with the 5G rollout and IoT proliferation, creates compounding demand for logic, memory, and sensors.

Learn More

The 300mm Transition

The 300mm (12-inch) wafer is the backbone of all modern, advanced-node semiconductor manufacturing, commanding 63.1% of the market and offering superior economies of scale.

Learn More

The 200mm Persistence

200mm (8-inch) fabs are a critical, capacity-constrained ecosystem for specialty technologies like MEMS, RF chips, and power semiconductors essential for automotive and IoT.

Learn More

The 2nm Frontier

The push towards 2nm nodes places unprecedented demands on wafer quality, where even atomic-level defects can kill yield, cementing the market power of top-tier suppliers.

Learn More

The New Silicon Geopolitics: A Strategic Chokepoint

The "Chip Wars" are a battle for control over the silicon supply chain, which is fraught with chokepoints. While the West focuses on building multi-billion dollar fabs, it remains dangerously dependent on a supply chain where China dominates the primary raw material: polysilicon.

This complex geopolitical landscape makes a domestic, EU-based source of high-purity quartz like Thesaur not just a commercial opportunity, but a strategic imperative. Explore the two sides of this conflict below.

Western Response: The 'Chip Acts'

The US and EU are investing hundreds of billions to 're-shore' chip manufacturing and reduce dependence on Asia.

Read Analysis

China's Strategy: Asymmetric Control

China is pursuing a patient, asymmetric strategy to mitigate its own vulnerabilities while aiming to control new supply chain chokepoints.

Read Analysis

Semiconductor Supply Chain Dominance

Market share by region at key supply chain stages. Click to toggle.

China

USA

Europe

Other

Global Silicon Wafer Market: Key Players

Shin-Etsu Chemical Co., Ltd.

Tokyo, Japan

Dominant market leader; vertically integrated; "ultra-pure" 300mm polished and epitaxial wafers.

SUMCO Corporation

Tokyo, Japan

"Pure-play" wafer manufacturer; advanced crystal growth and polishing technologies; 300mm wafers for logic and memory.

GlobalWafers Co., Ltd.

Hsinchu, Taiwan

Top-tier global supplier across all wafer sizes (200mm, 300mm); strong position in polished and epitaxial wafers.

Siltronic AG

Munich, Germany

Key European supplier; strong in 200mm and 300mm; advanced polished and epitaxial wafers for logic and memory.

SK Siltron Co., Ltd.

Gumi, South Korea

Subsidiary of SK Group; major supplier to South Korea's memory and logic fabs; strong in 300mm.

Soitec S.A.

Bernin, France

Specialized market leader; critical supplier of Silicon-on-Insulator (SOI) wafers for RF, power, and photonics.

Company	Headquarters	Market Specialty
Shin-Etsu Chemical Co., Ltd.	Tokyo, Japan	Dominant market leader; vertically integrated; "ultra-pure" 300mm polished and epitaxial wafers.
SUMCO Corporation	Tokyo, Japan	"Pure-play" wafer manufacturer; advanced crystal growth and polishing technologies; 300mm wafers for logic and memory.
GlobalWafers Co., Ltd.	Hsinchu, Taiwan	Top-tier global supplier across all wafer sizes (200mm, 300mm); strong position in polished and epitaxial wafers.
Siltronic AG	Munich, Germany	Key European supplier; strong in 200mm and 300mm; advanced polished and epitaxial wafers for logic and memory.
SK Siltron Co., Ltd.	Gumi, South Korea	Subsidiary of SK Group; major supplier to South Korea's memory and logic fabs; strong in 300mm.
Soitec S.A.	Bernin, France	Specialized market leader; critical supplier of Silicon-on-Insulator (SOI) wafers for RF, power, and photonics.

Key Investment Highlights

A snapshot of the core economic data that defines this high-value investment opportunity. These figures are derived from our comprehensive business plan and definitive feasibility study.

Investment Opportunity

€1M / 1% Equity

Equity participation is offered up to a maximum of 30%.

Exceptional Returns

570% IRR

An Internal Rate of Return that massively outperforms typical industrial projects.

Total Net Profit

€13.85 Billion

Projected net profit over the 33-year operational lifecycle.

Unique Value Enhancement

Asset-Referenced Token

The first-ever regulatory-compliant cryptocurrency (eSand) tied to physical, verified silica reserves.

A Tangible Asset for a Digital Age

Thesaur offers a unique opportunity to invest in a foundational physical asset, de-risked by a 50 million ton high-grade silica deposit, out of which 31.2 million tons are verified, audited reserves.

Investor Participation Options

Equity Participation Option

Gain direct equity in Thesaur, with shareholder rights under EU law, governance rights, and full dividend income from industrial profits.

Usufruct (Use-of-Fruits) Option

For those seeking high yield without equity complexity, this option grants the same financial benefits (profit sharing) without holding shares, fully recognized under the Romanian Civil Code.

Risk Mitigation & Investor Protection

Asset-Backed Security & Offtake Agreements

Equity investments benefit from an Asset Guarantee, with assets pledged at the invested amount. Plus, MoUs worth over €200M annually are in place with a major European-Chinese photovoltaic manufacturer.

Profitable Worst-Case Scenario

Even raw, unprocessed silica sales would generate ~$30M annual revenue (ROI < 2 years), ensuring downside security and priority reimbursement of capital.

Governance & Future Participation Rights

Investors may appoint a Non-Executive Director, with voting rights and anti-dilution protection. Early investors also gain preferential rights to future ventures like Thesaur City.

Investor Benefit Streams

Regardless of the participation option, investors gain access to a triple-yield structure.

Industrial Profit Share

Receive equity-tied dividends or usufruct benefit distributions from industrial operations, with a cumulative ROI of 971% in 5 years and 13,752% in 33 years.

Token Capital Gains

Exposure to eSand’s exponential upside potential (25x–33x from $30 to $800–$1,000) in the short term, and up to 323x modeled long-term.

Token Ecosystem Rewards

Passive annual income rewards (7.5%–15% range) from eSand token operations like value stabilization and buy-back strategies.

Key Highlights

Strategic EU Asset

Mitigate geopolitical and regulatory supply chain risks with a domestic European source of HPQS.

Exceptional Returns

IRR of 570%, with an NPV of €3.37B (at 8.9% DR) or €1.26B (at 20% DR), highlighting massive profit potential.

Phased CapEx

Total required CapEx of ~€45M, split into a €20M Phase 1 and a €25M Phase 2 financed from cash flow.

Explore the Deposits

An animated, multi-layered visualization of our geological assets, showcasing the depth and structure of the sand, clay, and quartz deposits.

A Vertically Integrated Production Powerhouse

Our project integrates a 31.2 million-ton quartz reserve with a state-of-the-art processing plant, designed to transform raw materials into high-value products for global tech industries.

Total Reserves

31.2M Tons

Of verified, high-quality quartz sand.

Mine Lifecycle

31 Years

Based on a 1M ton per annum extraction rate.

High-Tech Production

+99% Silica

Achieving superior purity for HPQS products.

Phase 1: Mineral Products

CapEx: €20 million

High Purity Quartz Sand

Essential for glass, solar, and semiconductor industries.

Construction Sand

Coarse and fine aggregates for concrete and mortar.

Plastic Clays

Crucial for ceramics, pottery, bricks, and tiles.

Valuable By-Products

Zircon (ZrSiO4)

For advanced ceramics and refractory materials.

Heavy Mineral

Titanium Dioxide

Key white pigment for paints and cosmetics.

Heavy Mineral

Calcium Carbonate

Used in construction, cement, and as fillers.

By-Product

Phase 2: High-Tech Products

CapEx: €25 million (from cash flow)

Solar & Semiconductor-Grade Polysilicon

The essential raw material for ingot production, targeting >9N purity.

Monocrystalline Silicon Ingots

The foundational material for high-efficiency solar cells and modern electronics.

High-Performance Silicon Wafers

The fundamental substrate for manufacturing microchips and PV cells.

Key Mineral Products

Our strategy is built around six main core mineral groups, processed to meet the demands of various industries. Click on a product to learn more.

High Purity Quartz Sand (HPQS)

The crystalline form of silica, essential for float/container glass, PV solar panels, semiconductors, and fiberglass components.

View Details

Construction Sand

A fine aggregate used in concrete, mortar, backfill, and surface treatments. We produce both coarse "concrete sand" and "fine sand".

View Details

Plastic Clay

A rare sedimentary material made from kaolinite. Its plasticity makes it a crucial base material for ceramics, pottery, bricks, and tiles.

View Details

Calcium Carbonate

Extracted through quarrying, used in construction as a building material, in cement, and for soil conditioning in agriculture.

View Details

$A widely used white pigment known for its brightness and high refractive index. Used in paints, sunscreens, cosmetics, and even as a food coloring.$

Titanium Dioxide (TiO2)

A widely used white pigment known for its brightness and high refractive index. Used in paints, sunscreens, cosmetics, and even as a food coloring.

View Details

$A durable mineral used in high-quality refractory materials, advanced ceramics, and for producing zirconium compounds for metallurgy and casting.$

Zircon (Zirconium Silicate)

A durable mineral used in high-quality refractory materials, advanced ceramics, and for producing zirconium compounds for metallurgy and casting.

View Details

Key High-Tech Crystalline Products

From our high-purity quartz, we produce monocrystalline silicon ingots and wafers. These serve as the foundational materials for the semiconductor and photovoltaic industries.

A shiny, cylindrical monocrystalline silicon ingot.

Monocrystalline Silicon Ingots

Large, solid blocks of single-crystal silicon that serve as the foundational material for high-tech industries.

Structure & Quality

Composed of a single, continuous crystal structure with minimal defects, essential for high-performance electronics.

Purity Levels

Ranges from solar-grade (6N, or 99.9999%) to electronic-grade (>9N, or 99.9999999%).

Production Method: Czochralski (CZ) Process

A method of growing high-quality single crystals by pulling a seed crystal from a melt. The key phases are:

Melt Preparation
High-purity silicon is melted in a quartz crucible at precisely controlled temperatures.
Seed Introduction
A single-crystal seed is dipped into the melt to initiate crystal growth with a defined orientation.
Pulling & Rotation
The seed is slowly pulled upwards while rotating to ensure uniform growth and composition.
Solidification
The molten silicon solidifies onto the seed, forming a large, defect-free single crystal ingot.
Inert Atmosphere
The entire process is conducted in an inert atmosphere (e.g., argon) to prevent contamination and ensure maximum purity.

A hand holding a thin, reflective silicon wafer.

Silicon Wafers

Thin slices of silicon that serve as the fundamental substrate for manufacturing electronic and photovoltaic devices.

Purity

Semiconductor-grade wafers are typically 9N (99.9999999%) pure or higher, as even trace impurities can interfere with electrical properties.

Production Method

Wafers are meticulously processed from ingots in a multi-step process:

Top & Tail Cutting
The ends of the silicon ingot are removed to eliminate impurities and crystallographic defects that accumulate during the growth process.
Squaring
The cylindrical ingot is shaped into a square or rectangular cross-section to optimize the material for efficient wafer slicing.
Silicon Block Formation
The squared ingot is cut into smaller, more manageable blocks, which serve as uniform precursors for the wafering process.
Cropping
The silicon blocks are precisely cropped into smaller, uniform pieces to ensure consistency in size and shape before slicing.
Outer Diameter (OD) Grinding
The wafers undergo grinding to achieve the exact required thickness and a high-quality, smooth surface finish.
Wafering
The blocks are sliced into thin wafers using precision diamond wire saws, a critical step that defines wafer thickness and flatness.
Chamfering
The wafer edges are beveled to prevent chipping and enhance mechanical strength during handling and subsequent fabrication steps.

Market Applications & Strategic Value

Silicon ingots and wafers are the indispensable cornerstones of modern industry, enabling applications that span electronics, renewable energy, and emerging technologies. Click each card to learn more.

Core Electronics & Energy

Silicon's dominance in photovoltaics and power electronics, where it's the established workhorse.

Read Analysis

Advanced Specialized Silicon

Niche but critical high-value markets like aerospace, defense, MEMS sensors, and silicon photonics.

Read Analysis

The Next Frontier

Emerging technologies where silicon is poised to be the key enabler, from batteries to quantum computing.

Read Analysis

eSand: The Asset-Referenced Token to Digitalize Thesaur Quartz Sand Industries

eSand is the world's first regulatory-compliant phygital asset, merging high-value physical resources with the power of digital finance. Each token, anchored to one metric ton of validated high-grade silica sand, is the bridge between real-world commodities and the future of finance.

How the Phygital Ecosystem Works

The physical generates real value and profits; the digital distributes ownership, liquidity, and accessibility.

1. Project Financing

Token sales income from early adopters and institutional investors provides financing for the Real-World Asset (RWA).

2. Yearly Net Profits

The RWA generates yearly net profits through the extraction and processing of high-value minerals.

3. Rewards & Value Raise

Profits from industrial value-creation are distributed to Thesaur shareholders via dividends, and to eSand tokenholders via rewards, creating and driving digital value appreciation for the eSand ART.

A Unique Asset-Backed Cryptocurrency

A groundbreaking, MiCA Regulation compliant Asset-Referenced Token that redefines how we connect the digital world with natural resources.

Direct Asset Backing

Each token is directly backed by one metric ton of physical high-grade silica sand, a vital raw material for solar, semiconductor, and advanced materials industries.

High Upside Potential

Raw sand at $30/ton transforms into HPQS and other derivatives valued at $800-$1,000/ton, creating immense value-ascension for token holders.

Value-Ascension Pathway

The token's value is projected to grow with project milestones: $30 (Raw) -> $75 (Processed) -> $200 (Heavy Minerals) -> $400 (Ingot Plant) -> $800 (Full Production).

Transparent & Verifiable

Profit flows are tracked on-chain, ensuring fairness and auditability. Every token is anchored to physical resources, providing asset-backed stability.

Democratized Access & Liquidity

Investors worldwide gain access to a market traditionally reserved for large corporations. Post-MiCA authorization, listing on major exchanges will ensure global liquidity.

Passive Income & Rewards

Holders are not speculators but profit-earning stakeholders, receiving pro-rata rewards based on actual profits from industrial performance.

Token Economics (MiCAR Compliant)

Total supply is permanently capped at 50 million tokens to ensure digital issuance never exceeds real-world collateral.

Tailored Investment Proposals

Exclusive opportunities for early investors, partners, and token holders, available within the 30% equity pool.

Partner

€1M

1% Equity stake

100k eSand tokens

(Max. 30 packages)

Key Partner

€5M

5% Equity stake

500k eSand tokens

(Max. 6 packages)

Strategic Partner

€30M

30% Equity stake

3M eSand tokens

(1 package available)

Packages can be combined. For example, an €8M investment can be structured as one €5M and three €1M packages, with payment terms of the larger package applying.

Acquire eSand Tokens

A Clear Path to Profitability

Our financial model, based on a definitive feasibility study, projects extraordinary returns driven by high-growth demand and unmatched operational efficiency. The numbers below showcase a venture with robust margins and a rapid payback period.

Economic Highlights (33+ Year)

Key financial metrics illustrating the project's immense scale and profitability.

Metric	Value
Project Life-Cycle	33+ years
Projected Total Revenue	€18.56 Billion
Projected Net Profit	€13.85 Billion
NPV @ 20% disc. rate	€1.26 Billion
Internal Rate of Return (IRR)	570%

Profitability & Margins

Exceptional Profit Margins

Forecasts margins exceeding 70% in most operational years, far above industry standards.

Rapid Payback Period

Initial capital is projected to be fully recovered in under two years, with full repayment after the first production year.

Required CapEx: €45M

The project is structured in two phases to optimize cash flow and de-risk the investment.

Phase	Amount
Phase I: Quarry & Processing Initial extraction and processing for HPQS and by-products.	€20M
Phase II: Ingots & Wafers Financed from Phase 1 cash flow to build high-tech production.	€25M

Phase

Amount

Phase I: Quarry & Processing

Initial extraction and processing for HPQS and by-products.

€20M

Phase II: Ingots & Wafers

Financed from Phase 1 cash flow to build high-tech production.

€25M

IRR

570%

Overall ROI

69,261%

Yearly Revenue Projections

Detailed revenue breakdown by product category over the project's lifecycle. Interact with the chart to filter categories.

Revenue Data by Product (€ Millions)

A detailed table showing projected revenue in millions of Euros for each product category.

Page 1 of 11

Product Category	2025	2026	2027
Construction Sand (( <90% SiO2, 30t bulk) "Cuci" sand deposit	€0.00M	€1.53M	€1.61M
Construction Sand (( <90% SiO2, 1t big bag) "Neaua" sand deposit	€0.00M	€0.49M	€0.86M
Construction Sand (( <90% SiO2, 30t bulk) "Neaua" sand deposit	€0.00M	€1.10M	€3.00M
High Purity Quartz Sand (( >99.50% SiO2, 30t -80t bulk) "Neaua" sand deposit	€0.00M	€3.45M	€6.01M
High Purity Quartz Sand >99.50% SiO2, (25kg sack) "Neaua" sand deposit	€0.00M	€3.98M	€6.94M
High Purity Quartz Sand (( >99.50% SiO2, 1t big bag) "Neaua" sand deposit	€0.00M	€7.95M	€13.87M
Ultra High Purity Quartz Sand >99.9 SiO2, (25kg sack) "Neaua" sand deposit	€0.00M	€7.00M	€12.21M
Highgrade pottery/fire clay (25kg sack) "Neaua" clay deposit	€0.00M	€1.23M	€2.15M
Zircon ZrSiO4 (25kg sack) "Neaua" sand deposit	€0.00M	€3.70M	€6.45M
Titanium Dioxide TiO2 (25kg sack) "Neaua" sand deposit	€0.00M	€12.33M	€21.51M
Calcium Carbonate (25kg sack) "Neaua" sand deposit	€0.00M	€1.85M	€3.23M
Silicium Ingots (( 9N = 99.9999999% purity) "Neaua" sand deposit	€0.00M	€97.63M	€170.34M

(( 9N = 99.9999999% purity)

(( 9N = 99.9999999% purity)

(( 9N = 99.9999999% purity)

(( 9N = 99.9999999% purity)

(( 9N = 99.9999999% purity)

(( 9N = 99.9999999% purity)

(( 9N = 99.9999999% purity)

"Neaua" sand deposit

2055:€556.15M

2056:€572.83M

2057:€590.02M

Performance Benchmarking

Compare Thesaur's financial projections against adjustable industry benchmarks to understand our competitive financial advantage.

Overall ROI

69,261%

Over the 33-year project life.

IRR

570%

Internal Rate of Return.

Payback Period

< 2 Years

Initial capital recovery.

NPV @ 8.9%

€3.37B

Net Present Value.

ROI Comparison

Thesaur's projected ROI of 69,261% is a long-term metric. This chart shows a conceptual 5-year average against benchmarks.

Adjust Benchmark

Select Scenario

Financial Forecast Report

Interactive NPV Calculator (CAPM)

Adjust the variables of the Capital Asset Pricing Model to see how the project's Net Present Value (NPV) responds to different risk assessments.

Risk-Free Rate (rf) 4.26%

Based on German 30y Bonds & inflation differentials.

Market Premium (rm - rf) 8.33%

Based on German AAA premium + RO risk premium.

Project Beta (β) 1.14

Unleveraged beta for the mining industry (Source: Damodaran).

Calculated Discount Rate

8.90%

Resulting Project NPV

€3,376.46M

Financial Methodology

A transparent look into the standard economic definitions and formulas used in our financial forecasts.

Sensitivity Analysis

Sensitivity analysis determines how different values of an independent variable affect a particular dependent variable under a given set of assumptions. It is a way to predict the outcome of a decision given a certain range of variables.

By creating a given set of variables, an analyst can determine how changes in one variable affect the outcome. Our analysis models different DCF, NPV, IRR, and ROI results in various hypothetical production output scenarios, reducing uncertainty even in very profitable or challenging market conditions.

Monte Carlo Analysis

A Monte Carlo simulation is used to model the probability of different outcomes in a process that cannot easily be predicted due to the intervention of random variables. It is a technique used to understand the impact of risk and uncertainty.

Our financial model was analyzed by modeling a number of parameters and their assumed distributions, resulting in over 100,000 iterations to test the project's resilience against variables like inflation, costs, and exchange rates, ensuring a robust forecast.

Our Strategic Differentiators

We are positioned for market leadership through a combination of superior natural resources, technological innovation, and operational excellence. Interact with the chart to see our edge.

Unique Sedimentary Deposit

Impurities are crust-covering, not ingrained, significantly simplifying purification and lowering operational costs compared to competitors.

Strategic EU-Domestic Source

Located in Romania, we mitigate critical supply chain risks for European high-tech manufacturers, ensuring geopolitical and regulatory stability.

Full Vertical Integration

From raw sand to high-purity Silicium Ingots & Wafers, controlling the entire value chain to maximize margins and quality.

Proven Expert Team

Managed by a team with over 230 years of combined experience in geology, finance, and semiconductor technology.

Valuable By-Products

Utilizing by-products like Titanium and Zircon in a trade-in strategy to acquire polysilicon feedstock at a fraction of market price.

Dual-Revenue Model

A unique investment structure that captures value from both high-margin mineral sales and asset-backed digital token appreciation.

Phygital Ecosystem Roadmap

Guiding tokenholders through every stage of physical industrial growth and digital value creation, from initial permitting to full-scale wafer production. Click on any event to expand.

Q3 2025

Permitting & Site Surveys

Begin site surveys, Environmental Impact Studies (EIS), and launch the eSand Project with equipment procurements.

Q4 2025

Infrastructure & Authorization

Establish site infrastructure and seek MICA Authorization for the Whitepaper. Value ascension mirrored by eSand begins.

eSand Value Mirror

$30

eSand Value Mirror

$30

Q1 2026

CEX & DEX Entry

Finalize processing plant installation, preparing for operational launch and exchange listings.

Q3 2026

Production & Optimization

Start technological testing, optimization, and staff hiring. Production of HPQS and Construction Sand begins.

eSand Value Mirror

$75

eSand Value Mirror

$75

Q4 2026

Heavy Minerals & Rewards

Commence full-scale production of heavy mineral by-products. First rewards disbursement to tokenholders.

eSand Value Mirror

$200

eSand Value Mirror

$200

Q1 2027

Silicon Ingot Plant

Procurement for the Silicon Ingot Plant begins, marking the start of Phase 2 value-add.

eSand Value Mirror

$400

eSand Value Mirror

$400

Q2 2027

Full Scale Production

Full-scale production commences, including HPQS and construction sand.

eSand Value Mirror

$800

eSand Value Mirror

$800

Ecosystem Transparency Hub

Track our progress in real-time. This hub provides a detailed, transparent view of our project's development across key areas, from legal compliance to technology implementation.

1. Project Origin & Foundational Documents

90% Complete

2. Legal Structure & Regulatory Compliance

80% Complete

3. ESG & Environmental Compliance

100% Complete

4. Team Background & Affiliations

100% Complete

5. Underlying Asset Verification & Valuation

90% Complete

6. Tokenomics & Yield Mechanism

80% Complete

7. Custodianship & Reserves Assurance

60% Complete

8. Blockchain Infrastructure  & Transparency

80% Complete

9. Community Traction & Sentiment Check

60% Complete

10. Press Coverage & Brand Associations

40% Complete

11. Exchange Listings & Liquidity Provisions

50% Complete

12. Strategic Partnership & Industry Relevance

90% Complete

13. Risk Assessment Disclosures & Exit Options

80% Complete

The Minds Behind the Mine

Our success is driven by a multidisciplinary team of industry veterans with over 230 years of combined experience in mining operations, mineral processing, sales, logistics, and comprehensive project management.

Zoltan Losonczi, MBA

Chairman of the Board

A performance-driven Company Owner boasting over 24 years of extensive domestic and international administrative experience across start-up and growth-oriented enterprises.

Dan Valentin Rotar

CEO

An extensively seasoned Chief Executive Officer with a vast background in the aggregates extraction industry. Proven track record in establishing operational components of the business and searching for new markets.

Lajos Losonczi, PhD

CSCO

An advanced Chief Science Officer with a PhD in semiconductors and an impressive 47 years of experience in the field. He holds numerous patents and has developed a unique methodology for industrial-scale silicon purification technology.

Cezar Sigmirean

Brand Architect

Brand architect with over 15 years of experience and a portfolio of international awards and publications. His work focuses on creating brand identities, shaping brand strategy, and leading creative teams.

Emily Hunger, MSc

Mining Geology Adviser

Emily is an Engineering Geologist and Mining Engineer with extensive expertise in geological and hydrogeological site investigations, 3D modeling of deposits, and geotechnical and hydrological risk and impact assessments.

Crisan Mihalcea

PMO Director – Strategic Partnerships

With over 10 years of experience in sales, business development, and project coordination, Crisan specializes in helping companies grow by acquiring the right clients, building long-term relationships, and delivering measurable results.

Andreea Serban-Chira

CMO, Head of Marketing

An accomplished Chief Marketing Officer with over 20 years of experience in the creative and media industries. She brings a unique blend of creative and strategic skills.

Beata Vidam

Licensing Officer

Having steered a diverse portfolio of licensing approvals, processing, and navigating regulatory landscapes and ensuring compliance excellence, she is a proficient Licensing Officer.

Radu Cristian Pintilie, MSc

CTO/CIO, Head of Dev Team

A tech innovator with 16+ years of experience in a rchitecting solutions that integrate web development, blockchain, and AI. He specializes in transforming complex ideas into high-impact results that drive business growth.

Marius Silviu Pop, BEc

COO

An accomplished Chief Operating Officer, boasting 30 years of extensive and diverse background. He demonstrates profound expertise in enhancing growth within the industry. Proficient in identifying the connections between production, he lends his expertise to guiding our production towards new heights.

Sadri Sali, Esq

CRO, Head of Legal

Among the first to earn a Blockchain-focused LL.M. He fosters trust in the crypto industry and is well-positioned to help crypto businesses navigate the EU regulatory framework.

Jozsef Szasz, MSc

CLO

A highly accomplished Chief Legal Officer with an impressive 24-year tenure in the field, with a wealth of experience and expertise in law.

Mircea Dragos Radu, PhD

CFO

A highly experienced Chief Financial Officer with an impressive 38-year tenure. He is a specialized expert in financial accounting and tax law, with a deep understanding of corporate management, financial planning, risk management, and regulatory compliance.

Suzan Kodrazi, MSc

Structuring Adviser

Experienced professional with over 25 years in the energy and industrial sector. Expertise in project management, financial analysis, and investment strategies in conventional and renewable energy projects.

Marton Kelemen, MSc

Environmental Officer

An accomplished Environmental Officer with 20 years of invaluable experience in environmental stewardship and sustainability. He has a proven track record of managing environmental compliance and conservation initiatives.

Rudolf Maiterth, MSc

Tech Adviser

Brings over 25 years of experience in the IT and media industry, with a strong background in leading teams and developing digital products.

Stefan Georg Hunger, MBA

Technology Adviser

Proven business leader with a strong track record of driving growth, improving operations, and maximizing profitability. Expert in strategy, operations, and management with a focus on technology.

Raul Huros, MSc

Head of Risk Mitigation

Distinguished risk mitigation ace with over 20 years of experience in evaluating, devising and mitigating risks across industries including construction, IT, and transportation.

Horatiu Mihail Rosca, BEc

CSO

A highly accomplished Chief Sales Officer with an extensive 30-year tenure in sales, including a remarkable decade-long experience as a Sales Director for a market-leading company.

Mihai Meghea, MD

Business Consultant

An accomplished Managing Director with over 32 years of experience leading organizations through challenging business cycles and delivering sustainable growth.

Alpar Erdos, MBA

Head of CEX Operations

Mille-qualified professional and High-Grade psychoanalyst with over 24 years of combined experience in high-performance sports and over a decade in human analysis for business and intelligence purposes.

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Press & Insights

Official announcements, in-depth analysis, and updates from the Thesaur project team.

July 29, 2024

Unlocking Romania's Rare Earth Minerals

A detailed look at our core geological asset. Explore the 31.2 million ton Neaua deposit, its unique purity advantages, and the international certifications that verify its value.

Read Full Article

August 5, 2024

A Conversation with Zoltan Losonczi

We sat down with Zoltan Losonczi, MBA, the Chairman of the Board at Thesaur, to discuss his vision for the project and the strategic trajectory of the European mineral market.

Read Full Article

August 12, 2024

Thesaur’s Phase 1 Mineral Operations

An overview of the €20M Phase 1, detailing the advanced processing technology and diversified product portfolio that forms the strategic backbone for our high-tech ambitions.

Read Full Article

Preparing the StGeorge processing platform for the HPQS processing plant. Phase 1 - the demolition of around 15.700sqm reinforced concrete warehouses.

Due Diligence & Transparency

Access our centralized repository of key project documents, including geological surveys, financial audits, and legal opinions.

Document Library

Search and filter to find the documents you need.

Title	Category	Date	Action
Executive Summary	Financial	2024-05-15	Download
Legal & Advisory (Disclaimer & Experts)	Legal	2024-05-14	Download
Sand Market Overview & Context	Technical	2024-05-13	Download
Regional Market Analysis (Transylvanian Deposits)	Technical	2024-05-12	Download
Thesaur Asset Portfolio: Cuci & Neaua Deposits	Geological	2024-05-11	Download
Processing Site & Logistics Platform	Technical	2024-05-10	Download
Geological Assessment & Lab Reports	Geological	2024-05-09	Download
Technical & Geological Validation (DFS Summary)	Geological	2024-05-08	Download
Financial Model & Methodology	Financial	2024-05-07	Download
Project Economics & Profitability Analysis	Financial	2024-05-06	Download
Processing Technology & High-Tech Operations	Technical	2024-05-05	Download
Product Specifications (Mineral & High-Tech)	Technical	2024-05-04	Download
Management, Governance & Organizational Structure	Legal	2024-05-03	Download
Environmental & Permitting Framework	Legal	2024-5-02	Download
Complete Investor Deck & Whitepaper	Financial	2024-05-01	Download

Read the Full Thesis

Our comprehensive whitepaper provides an in-depth analysis of the market, our operational strategy, financial model, tokenomics, and risk management framework. Download it to gain a complete understanding of the Thesaur Quartz Sand Industries investment opportunity.

Download Whitepaper (PDF)

Cover image for the whitepaper download section.

Our Strategic Deposits

Our assets include a world-class primary reserve at Neaua, a high-value satellite deposit at Cuci, and a dedicated, "brownfield" industrial processing hub. This combination ensures a secure 30+ year resource, streamlined logistics, and readiness for development.

Primary Asset

Neaua Silica Sand Quarry

This 47-hectare hilly deposit is the core of our project, providing the long-term, high-purity quartz essential for both Phase 1 and Phase 2 products.

Location & Logistics: Mureş County, Romania. Strategically positioned 10 km from the planned Târgu Mureş-Iaşi highway and 25 km from the North Transylvanian Highway.
Validated Resource: Total deposit of 50 million metric tons, with a confirmed 31.2 million tons in the 21-hectare explored area.
Mine Life: An estimated ~31-year lifecycle based on the planned extraction rate of 1 million tons per annum.
Resource Quality: Validated raw silica content exceeding 85% (up to 90%), which is processed to +99% purity. The deposit also holds a significant 5.5 million-ton by-product resource of valuable plastic clay.
Third-Party Validation: Resource estimates and 3D void models were independently reviewed and confirmed by specialist consultancy firms SMinPro (Austria) and RockOptions (United Kingdom) in 2023.

Central Processing Hub

Sângeorgiu de Pădure

This is the logistical and industrial heart of the operation, where all raw materials are converted into high-value products.

Logistical Advantage: A 2.7-hectare industrial platform located only 6 km from the Neaua quarry, dramatically minimizing internal transport costs.
Site Infrastructure: This is a redeveloped "brownfield" site, already equipped with a comprehensive industrial electrical grid, water, and gas services. This status significantly reduces capital expenditure and accelerates the timeline for plant construction.
Phased Development: The site is cleared and prepared, with 2.1 hectares allocated for the Phase 1 sand processing plant and 0.6 hectares for the Phase 2 silicon ingot & wafer facility.

Satellite Asset

Cuci Sand Deposit

This 9-hectare deposit provides a distinct, high-quality resource for the construction market, representing a separate and immediate revenue stream.

Location & Logistics: Geo-location 46.443479, 24.178826, featuring direct access to the Targu Mures - Cluj Napoca highway for easy distribution.
Resource: Contains approximately 800,000 metric tons of high-grade sand.
Market Value: The material is an excellent raw material for high-value construction products, including dry plaster and tile adhesives for major European suppliers.

Interactive map showing the locations of Neaua, Sângeorgiu de Pădure, and Cuci deposits.

Become a Part of the Future

The Thesaur investment offers a scarcity play in a strategic European asset, combining technology leadership, proven management, and unique dual revenue streams. We invite sophisticated investors seeking exceptional stability and high growth potential to schedule a direct management presentation or conduct a site visit.

Frequently Asked Questions

Request a Briefing

Thesaur - The World's First Phygital Commodity

The Strategic Imperative for a Secure Supply

Strategic Market Analysis

Key Technology Trends & Demand Drivers

The New Silicon Geopolitics: A Strategic Chokepoint

Global Silicon Wafer Market: Key Players

Shin-Etsu Chemical Co., Ltd.

SUMCO Corporation

GlobalWafers Co., Ltd.

Siltronic AG

SK Siltron Co., Ltd.

Soitec S.A.

Key Investment Highlights

A Tangible Asset for a Digital Age

Equity Participation Option

Usufruct (Use-of-Fruits) Option

Asset-Backed Security & Offtake Agreements

Profitable Worst-Case Scenario

Governance & Future Participation Rights

Industrial Profit Share

Token Capital Gains

Token Ecosystem Rewards

Strategic EU Asset

Exceptional Returns

Phased CapEx

Explore the Deposits

A Vertically Integrated Production Powerhouse

Total Reserves

Mine Lifecycle

High-Tech Production

Phase 1: Mineral Products

Zircon (ZrSiO4)

Titanium Dioxide

Calcium Carbonate

Phase 2: High-Tech Products

Solar & Semiconductor-Grade Polysilicon

Monocrystalline Silicon Ingots

High-Performance Silicon Wafers

Key Mineral Products

Key High-Tech Crystalline Products

Structure & Quality

Purity Levels

Production Method: Czochralski (CZ) Process

Melt Preparation

Seed Introduction

Pulling & Rotation

Solidification

Inert Atmosphere

Purity

Production Method

Top & Tail Cutting

Squaring

Silicon Block Formation

Cropping

Outer Diameter (OD) Grinding

Wafering

Chamfering

Core Electronics & Energy

Advanced Specialized Silicon

The Next Frontier

eSand: The Asset-Referenced Token to Digitalize Thesaur Quartz Sand Industries

1. Project Financing

2. Yearly Net Profits

3. Rewards & Value Raise

Direct Asset Backing

High Upside Potential

Value-Ascension Pathway

Transparent & Verifiable

Democratized Access & Liquidity

Passive Income & Rewards

A Clear Path to Profitability

Exceptional Profit Margins

Rapid Payback Period

Years: 2025 - 2026 - 2027

Construction Sand

Construction Sand

Construction Sand

High Purity Quartz Sand

High Purity Quartz Sand >99.50% SiO2,

High Purity Quartz Sand