Private Credit for European High-Purity Quartz
DLT-Administered private debt security linked to a Romanian high-purity quartz project, structured for eligible institutional and professional investors.
€100M
Max aggregate issue
4%
Fixed Annual Coupon
25%
Variable Interest Pool
€100k
Min Subscription
NOT INTENDED FOR RETAIL DISTRIBUTION. VARIABLE INTEREST COMPONENT IS PERFORMANCE-DEPENDENT AS DETAILED IN THE BOND TERMS.
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.
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
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.
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.
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.
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.
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.
The US and EU are investing hundreds of billions to 're-shore' chip manufacturing and reduce dependence on Asia.
China is pursuing a patient, asymmetric strategy to mitigate its own vulnerabilities while aiming to control new supply chain chokepoints.
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 private debt opportunity. These figures are derived from our comprehensive business plan and feasibility studies.
€100,000 Min.
570% IRR
4% + 25%
MiFID II / TVTG
Institutional Opportunity
Thesaur offers eligible professional investors access to a strategic industrial asset base, de-risked by a 50M ton high-grade silica deposit and a compliant MiFID II debt structure.
Direct Equity Participation
Gain direct equity in Thesaur S.R.L. (Romania) or the Issuer, with shareholder rights under EU law, governance participation, and full dividend income from industrial profits.
Private Debt Subscription
Subscribe to eSand Tokenized Bonds for a fixed 4% coupon plus a variable component linked to 25% of audited annual Net Profit, structured under MiFID II.
Asset-Safeguarding Framework
The security is intended to benefit from a project-level collateral framework, including selected receivables, accounts, and infrastructure of the underlying Romanian project.
Profitable Worst-Case Scenario
Even raw silica sales generate substantial revenue (ROI < 2 years), ensuring priority reimbursement of capital and downside protection for the debt instrument.
Governance & Reporting
Institutional investors benefit from anti-dilution protection, periodic project-level audits, and transparent reporting on use-of-proceeds and collateral status.
Fixed + Variable Interest
Receive a baseline 4% coupon plus a performance-linked distribution from audited Net Profit, totaling an exceptional projected IRR of 570%.
Projected Capital Escalation
Exposure to the industrial value chain growth, with project Net Present Value (NPV) modeled at €3.37B (at 8.9% DR) over the 33-year lifecycle.
Target Market Assessment
This security is strictly intended for Professional Clients and Eligible Counterparties. Knowledge of private debt, DLT, and capacity for capital loss are mandatory requirements.
Explore the Reserves
An institutional-grade visualization of the geological resource complex, showcasing the depth, layered structure, and confirmed scale of our high-purity silica sand and industrial clay reserves.
Technical 3D Void Models & Survey Data Restricted to Verified Investors
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.
Validated Resource: 31.2 Million 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
Essential for glass, solar, and semiconductor industries.
Coarse and fine aggregates for concrete and mortar.
Crucial for ceramics, pottery, bricks, and tiles.
Valuable By-Products
Zircon (ZrSiO4)
For advanced ceramics and refractory materials.
Titanium Dioxide
Key white pigment for paints and cosmetics.
Calcium Carbonate
Used in construction, cement, and as fillers.
High-Tech Products: Solar & Semiconductor-Grade Polysilicon
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.
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The crystalline form of silica, essential for float/container glass, PV solar panels, semiconductors, and fiberglass components.
A fine aggregate used in concrete, mortar, backfill, and surface treatments. We produce both coarse "concrete sand" and "fine sand".
A rare sedimentary material made from kaolinite. Its plasticity makes it a crucial base material for ceramics, pottery, bricks, and tiles.
Extracted through quarrying, used in construction as a building material, in cement, and for soil conditioning in agriculture.
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A widely used white pigment known for its brightness and high refractive index. Used in paints, sunscreens, cosmetics, and even as a food coloring.
A durable mineral used in high-quality refractory materials, advanced ceramics, and for producing zirconium compounds for metallurgy and casting.
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.
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.
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.
Core Electronics & Energy
Silicon's dominance in photovoltaics and power electronics, where it's the established workhorse.
Advanced Specialized Silicon
Niche but critical high-value markets like aerospace, defense, MEMS sensors, and silicon photonics.
The Next Frontier
Emerging technologies where silicon is poised to be the key enabler, from batteries to quantum computing.
III · BOND INSTRUMENT
A DEBT SECURITY REPRESENTED THROUGH DLT-BASED RECORDS
eSand is a digitally represented private-placement debt security. DLT-based records are used to support administration, transfer control, and register reconciliation.
Industrial Capital Allocation
Bond proceeds are intended to be allocated toward eligible project uses, including extraction, processing, and purification in accordance with use-of-proceeds controls.
Collateral-Supported Project Debt
Selected project assets, accounts, receivables and contractual rights form part of a security framework subject to final legal documentation and perfection.
Debt Service & Controlled Transferability
Project revenues support payment of the Fixed Interest, Variable Interest component and redemption obligations, subject to investor eligibility and transfer controls.
4.0%
Paid Annually in accordance with Bond Terms
25%
Linked to Audited Annual Net Profit
DLT-Administered Security
The eSand Bond is a digitally represented private debt instrument. DLT-based records support administration, transfer control, and register reconciliation.
MiFID II & TVTG Framework
Structured as a debt security within the meaning of MiFID II and as a Ledger-Based Security under Swiss law and Liechtenstein's TVTG framework.
Controlled Transferability
Subscription and transfers are restricted to Qualified Investors, subject to a minimum subscription of €100,000 and AML/KYC requirements.
Industrial Yield Engine
Project revenues from industrial operations support a 4% fixed coupon plus a variable component linked to 25% of audited annual Net Profit.
Institutional Accessibility
Designed for Professional Clients and Eligible Counterparties, ensuring a high-end target market and shielding from retail exposure.
Asset-Safeguarding
Bonds benefit from a project-level security framework involving selected accounts, receivables, and physical infrastructure of the Romanian project.
PRIVATE PLACEMENT · ELIGIBLE PROFESSIONAL CLIENTS ONLY · NOT A CRYPTOCURRENCY
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.
| Metric | Value |
|---|---|
| Maximum Aggregate Issue | €100M |
| Nominal Value per Bond | €100 |
| Minimum Subscription | 1,000 Bonds (€100k) |
| Fixed Annual Coupon | 4% |
| Net-Profit-Linked Variable Interest | 25% |
| Base Maturity | 15 Years |
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.
| Phase | Amount |
|---|---|
Phase I: Quarry & Processing Infrastructure, mining equipment (CDE plant), and site preparation. | €20M |
Phase II: Downstream Expansion Financed from Phase 1 cash flow to build silicon ingot and wafer facility. | €25M |
| Product Category | 2025 | 2026 | 2027 |
|---|---|---|---|
Construction Sand (( <90% SiO2, 30t bulk) Satellite Sand Deposit | €0.00M | €1.53M | €1.61M |
Construction Sand (( <90% SiO2, 1t big bag) Primary Reserve complex | €0.00M | €0.49M | €0.86M |
Construction Sand (( <90% SiO2, 30t bulk) Primary Reserve complex | €0.00M | €1.10M | €3.00M |
High Purity Quartz Sand (( >99.50% SiO2, 30t -80t bulk) Primary Reserve complex | €0.00M | €3.45M | €6.01M |
High Purity Quartz Sand >99.50% SiO2, (25kg sack) Primary Reserve complex | €0.00M | €3.98M | €6.94M |
High Purity Quartz Sand (( >99.50% SiO2, 1t big bag) Primary Reserve complex | €0.00M | €7.95M | €13.87M |
Ultra High Purity Quartz Sand >99.9 SiO2, (25kg sack) Primary Reserve complex | €0.00M | €7.00M | €12.21M |
Highgrade pottery/fire clay (25kg sack) Primary Reserve complex | €0.00M | €1.23M | €2.15M |
Zircon ZrSiO4 (25kg sack) Primary Reserve complex | €0.00M | €3.70M | €6.45M |
Titanium Dioxide TiO2 (25kg sack) Primary Reserve complex | €0.00M | €12.33M | €21.51M |
Calcium Carbonate (25kg sack) Primary Reserve complex | €0.00M | €1.85M | €3.23M |
Silicium Ingots (( 9N = 99.9999999% purity) Primary Reserve complex | €0.00M | €97.63M | €170.34M |
Years: 2025 - 2026 - 2027
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2028 - 2029 - 2030
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2031 - 2032 - 2033
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2034 - 2035 - 2036
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2037 - 2038 - 2039
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2040 - 2041 - 2042
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2043 - 2044 - 2045
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2046 - 2047 - 2048
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2049 - 2050 - 2051
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2052 - 2053 - 2054
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Years: 2055 - 2056 - 2057
Construction Sand
(( <90% SiO2, 30t bulk)
Satellite Sand Deposit
Construction Sand
(( <90% SiO2, 1t big bag)
Primary Reserve complex
Construction Sand
(( <90% SiO2, 30t bulk)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 30t -80t bulk)
Primary Reserve complex
High Purity Quartz Sand >99.50% SiO2,
(25kg sack)
Primary Reserve complex
High Purity Quartz Sand
(( >99.50% SiO2, 1t big bag)
Primary Reserve complex
Ultra High Purity Quartz Sand >99.9 SiO2,
(25kg sack)
Primary Reserve complex
Highgrade pottery/fire clay
(25kg sack)
Primary Reserve complex
Zircon ZrSiO4
(25kg sack)
Primary Reserve complex
Titanium Dioxide TiO2
(25kg sack)
Primary Reserve complex
Calcium Carbonate
(25kg sack)
Primary Reserve complex
Silicium Ingots
(( 9N = 99.9999999% purity)
Primary Reserve complex
Performance Benchmarking
Compare Thesaur's financial projections against adjustable industry benchmarks to understand our competitive financial advantage.
69,261%
Over the 33-year project life.
570%
Internal Rate of Return.
< 2 Years
Initial capital recovery.
€3.37B
Net Present Value.
Based on German 30y Bonds & inflation differentials.
Based on German AAA premium + RO risk premium.
Unleveraged beta for the mining industry (Source: Damodaran).
Calculated Discount Rate
8.90%
Resulting Project NPV
€3,376.46M
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.
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.
VI · PROJECT EVOLUTION
INDUSTRIAL EVOLUTION
Scaling from raw resource verification to strategic high-tech output. This roadmap tracks the industrial milestones essential for Bond performance.
Commence site surveys, environmental impact assessments, permitting workstreams and initial procurement planning.
Advance site infrastructure, concession-related operational readiness and securities-law documentation.
Mandate Value
€115
Mandate Value
€115
Target completion of processing-plant installation and evaluate secondary-transfer venue arrangements.
Mandate Value
€145
Mandate Value
€145
Technical testing, process optimization, and initial production ramp-up for silica/quartz products.
Mandate Value
€220
Mandate Value
€220
Commence heavy-mineral processing and the first scheduled interest payment period.
Mandate Value
€450
Mandate Value
€450
Target evaluation and procurement planning for downstream silicon-related processing capacity.
Mandate Value
€900
Mandate Value
€900
V.2 · ECOSYSTEM MONITOR
Investor Reporting & Monitoring Framework
Transparency for eligible investors into the multi-staged development of the Thesaur industrial project, structured bond administration, and collateral-support status.
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.
A performance-driven Company Owner boasting over 24 years of extensive domestic and international administrative experience across start-up and growth-oriented enterprises.
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.
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.
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 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.
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.
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.
Having steered a diverse portfolio of licensing approvals, processing, and navigating regulatory landscapes and ensuring compliance excellence, she is a proficient Licensing Officer.
A tech innovator with 16+ years of experience in architecting solutions that integrate web development, DLT infrastructure, and AI. He specializes in transforming complex ideas into high-impact results that drive business growth.
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.
Among the first to earn a DLT-focused LL.M. He fosters trust in the digital securities industry and is well-positioned to help projects navigate the EU MiFID II and TVTG regulatory frameworks.
A highly accomplished Chief Legal Officer with an impressive 24-year tenure in the field, with a wealth of experience and expertise in law.
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.
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.
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.
Brings over 25 years of experience in the IT and media industry, with a strong background in leading teams and developing digital products.
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.
Distinguished risk mitigation ace with over 20 years of experience in evaluating, devising and mitigating risks across industries including construction, IT, and transportation.
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.
An accomplished Managing Director with over 32 years of experience leading organizations through challenging business cycles and delivering sustainable growth.
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.
Due Diligence & Transparency
Access our centralized repository of institutional documentation, legal opinions, and technical audits for the eSand private debt offering.
| Title | Action |
|---|---|
| Selling Restrictions Memorandum - eSand Tokenized Bond | Download |
| No-Retail Distribution Policy - eSand Tokenized Bond | Download |
| Token Classification Legal Opinion - eSand Tokenized Bond | Restricted |
| Prospectus Exemption Legal Memorandum - eSand Tokenized Bond | Restricted |
| Token Terms and Conditions - eSand Tokenized Bond | Restricted |
| Exempt Offering Memorandum - eSand Tokenized Bond | Restricted |
| General Terms and Conditions of Use - eSand Tokenized Bond | Download |
| Bond Terms and Conditions - eSand Tokenized Bond | Restricted |
| Subscription Agreement - eSand Tokenized Bond | Restricted |
| Executive Summary | Download |
| Mineral Resource & Technical Audit (Summary) | Download |
| Project Economics & Profitability Analysis | Restricted |
| Management, Governance & Organizational Structure | Restricted |
| Geological Assessment & Technical Data Room Index | Restricted |
Exempt Offering Memorandum
Our comprehensive offering documentation provides an institutional-grade analysis of the strategic quartz market, industrial scaling roadmap, bond economics, and project-level security framework. Download the presentation to gain a complete understanding of the eSand private debt opportunity.
Download Offering Overview (PDF)
Strategic Project Assets
Thesaur's asset base includes a world-class primary reserve, a diversified satellite deposit, and a dedicated industrial hub. Specific site-specific dossiers are restricted to verified investors.
- Logistics: Strategically positioned with direct access to planned European highway corridors.
- Validated Resource: Confirmed 31.2 million metric tons of industrial silica sand in the explored area.
- Mine Life: Estimated ~31-year lifecycle based on the optimized extraction model.
- Resource Quality: Validated raw silica processed to +99% purity, with a significant 5.5 million-ton by-product resource.
- Technical Audit: Resource models independently reviewed and confirmed by SMinPro (Austria) and RockOptions (UK) in 2023.
- Operational Advantage: An industrial platform located in close proximity to extraction points to minimize transport costs.
- Site Infrastructure: Redeveloped brownfield site equipped with a comprehensive industrial electrical grid, water, and gas services.
- Staged Deployment: Site is permit-ready, with allocated zones for the Phase 1 processing plant and Phase 2 advanced materials facility.
- Accessibility: Features direct access to regional highway infrastructure for streamlined distribution.
- Reserve Volume: Contains approximately 800,000 metric tons of high-grade construction sand.
- Commercial Utility: Ideal feedstock for premium construction products, including dry plaster and specialty adhesives.
Restricted Asset Intel
Precise site locations, topographical surveys, and GPS coordinates are available exclusively via the Virtual Data Room (VDR).
Request VDR AccessInstitutional Eligibility Required for Site Documentation
Regional Context: Romania
Operations are clustered within a high-potential industrial corridor, benefiting from established infrastructure and a skilled regional workforce.
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.
Commitment to Sustainability and Community
Our operational ethos is founded on responsible stewardship and community integration, blending environmental science, geotechnical analysis, and regulatory compliance to harmonize industry with societal well-being.
We have a resolute commitment to fostering strong, symbiotic relationships with local communities, integrating societal engagement into our operational ethos.
Rigorous environmental impact assessments scrutinize repercussions on ecosystems, hydrology, and air quality to ensure our footprint minimizes ecological disruption.
By integrating local knowledge and preferences into the planning process, we cultivate a quarry that harmonizes industry imperatives with societal and environmental well-being.
Our 2.7-hectare processing site is situated on a former industrial cooperative, representing a significant redevelopment and modernization of a legacy industrial zone.
90%
Water Recycling
Our AquaCycle thickener recovers over 90% of process water for re-circulation.
67
New Positions Created
39 operational and 28 administrative roles will be created for the local workforce.
€45M
Capital Investment
A significant investment in developing the region's high-tech industrial capacity.