Kilo Royalty — Royalty & Income Across the Commodity Spectrum
Kilo Royalty Corp

Royalty Income.
Without the Mine.

We acquire royalties, streams, and structured financings with above-ground commodity processors — generating high-yielding income across metals, energy, food, agriculture, chemicals, and beyond. Substantially reduced geopolitical exposure. No geological risk.

Express Investor Interest Our Thesis
$125B
N. American listed royalty co. market cap
8+
Years operating track record at Kilo Capital
All
Commodity sectors — no single-sector constraint
Zero
Mining or extraction exposure
Investment Thesis

A Different Kind of Royalty Company

Traditional royalty companies fund mines and oil wells — accepting geological risk, long lead times, and significant geopolitical exposure. Kilo targets the other end of the commodity chain: above-ground processors where the commodity already exists.

Kilo Royalty

Our Model
  • No geological riskCommodity already exists above ground — no mine grades, no volume uncertainty, no exploration risk
  • Substantially reduced geopolitical riskFocus on North America and select high-governance markets with strong rule of law and contract enforcement — materially lower exposure than typical mining royalty peers
  • Faster return of capitalTargets operating businesses with immediate or near-term cash flow visibility — no multi-year mine construction waits
  • Broad commodity exposureMetals, energy, chemicals, food and agriculture — resilience across all commodity cycles
  • Favorable competitive dynamicsAbove-ground supply chain expertise is rare in the royalty sector — we do not compete with mining-focused royalty companies for our target assets

Listed Commodity Royalty Companies

  • Significant geological riskWide range of potential grade and volume outcomes; projects regularly underperform initial estimates
  • Higher geopolitical riskMost mining and E&P royalty companies fund projects in Africa, South America, and other challenging jurisdictions
  • Slower return of capitalFunding non-producing mines or new wells means years before any cash flow begins
  • Narrow commodity focusTypically a single commodity — precious metals or crude oil — with concentrated exposure
  • Crowded competitive spaceLarge and junior mining royalty companies compete intensely for a finite pool of mining assets
Commodity Coverage

Royalties Across the Entire Supply Chain

Kilo is unique in the royalty sector: our mandate spans the full above-ground commodity spectrum. From precious and base metals through to energy derivatives, food processing, and agricultural storage — if a commodity moves through an above-ground supply chain, we can structure a royalty, stream, or financing around it.

Stage 1Stage 2Stage 3Stage 4
Energy
Refining
Crack spreads, diesel, jet fuel
Storage
Tank farms, terminals
Transportation
Pipelines, tankers, rail
Distribution
Wholesale, petrochems
Food & Agri
Storage
Grain elevators, warehouses
Processing
Milling, rendering, dairy
Distribution
Cold chain, logistics
Ageing
Cheese, spirits, meats
Metals
Refining
Smelting, precious refinery
Manufacturing
Electronics, wire, alloys
Inventory
Leases, warehouse finance
Recycling
Scrap, e-waste, catalysts
Chemicals
Specialty Materials
Catalysts, resins, compounds
Processing
Blending, formulation
Storage
Bulk storage, terminals
Distribution
Industrial supply chains

The breadth is intentional.  While other royalty companies are constrained to a single commodity, Kilo's above-ground focus means our opportunity set spans every sector where commodities are processed, stored, transformed, or traded — creating earnings resilience that single-commodity royalty companies cannot replicate.

Business Model

Three Complementary Structures

Each structure delivers high-yielding income without requiring Kilo to operate any manufacturing, processing, or extraction business.

Royalties
In return for an upfront payment, Kilo receives the right to a percentage of revenue, profit, or commodity generated or processed by the counterparty — over the life of the arrangement.
Streams
In exchange for an initial payment, Kilo secures the right to purchase a quantity or proportion of a commodity produced or processed at a predetermined below-market price — providing leveraged commodity price exposure.
Structured Financings
Including metal leases, repo facilities, mezzanine debt, and equity investments. These structures generate steady yield and potential capital appreciation while providing flexible, non-dilutive capital to counterparties.

Are you a commodity processor looking for flexible capital?

Kilo's non-dilutive structures are designed for mid-market processors, refiners, recyclers, and storage operators. We offer structures that most banks won't.

Get in Touch
Team & Board

Built by Commodity Professionals

Kilo Royalty is led by the same team that has operated Kilo Capital since 2017 — managing institutional capital in commodity finance through every major market disruption of the past 8+ years. Prior to Kilo, team members managed multi-billion dollar credit and commodity portfolios at global banks and large asset managers.

Wade Brennan
Wade Brennan
CEO — Kilo Royalty & Kilo Capital
Co-founder and CEO of Kilo since 2017. Wade leads business development, trading, and financing, and serves as primary relationship lead with investors and banking partners. Formerly Head of Precious Metals Sales & Trading at ScotiaMocatta EMEA — at the time the largest bullion bank globally — with a ~20-year career at Scotia spanning sales, credit analysis, and corporate banking on both sides of the Atlantic.
ScotiaMocatta EMEA~20 yrs ScotiaPrecious Metals
Pieter Van Schaick
Pieter Van Schaick
CFO & Head of Risk
Co-founder and CFO of Kilo since 2017. Pieter leads credit underwriting and due diligence. A CPA with over 25 years in finance and accounting, he was previously Principal and Portfolio Manager at Kingsland Capital, a multi-billion dollar manager of non-investment grade credit in New York. Earlier roles at Bank of Nova Scotia included Co-head of Risk Assessment Management and joint head of the bank's asset recovery group.
Bank of Nova ScotiaKingsland Capital25+ yrs finance
Rob Snyder
Rob Snyder
COO & Credit Committee
Oversees operations and strategic initiatives at Kilo, applying extensive background in structured products, corporate lending, and risk management to deal structuring and due diligence. Prior experience includes establishing a private credit strategy at Catalio Capital, launching a short-duration credit strategy at Brown Advisory (risk committee), and 14 years building and managing CLO investments in New York.
Catalio CapitalBrown AdvisoryStructured Products
Kyle McErlean
Kyle McErlean
Trader
Interfaces directly with counterparties day-to-day for trading and supply needs, and shares responsibility for hedging Kilo's commodity exposure. Began his career in institutional sales before joining Kilo Capital as a Junior Trader in 2021, specialising in physical commodities and derivatives with a focus on trade execution and risk management.
Trade ExecutionDerivativesKilo since 2021
Zach Lax
Zach Lax
Business Development
Responsible for originating and managing client relationships across the commodity finance sector, identifying partnership opportunities and delivering tailored financing solutions. Formerly in business development, structured products, and sales & trading at Bank of America and First Citizens Bank. MBA from UNC Kenan-Flagler; BS from NC State.
Bank of AmericaFirst CitizensUNC Kenan-Flagler MBA
Josh Crumb
Independent Director
Josh Crumb
Board of Directors
CEO and Founder of Abaxx Technologies, and previously founder of Goldmoney Inc., Mene, and Base Carbon. Serves as independent director on the Kilo Royalty board, bringing deep strategic and capital markets expertise. Formerly Senior Metals Strategist at Goldman Sachs.
Goldman SachsAbaxx TechnologiesGoldmoney
Market Opportunity

A Large, Untapped Market

01
Blue-Ocean Competitive Landscape

Geology and drilling expertise — the core skillset of publicly listed commodity royalty companies — does not transfer to above-ground supply chains. Kilo faces limited competition from established royalty sector players for its target assets.

02
Commodity Inflation Tailwind

Stagflationary and inflationary environments benefit commodity-linked income. Kilo's structures carry inherent commodity price exposure across a diversified basket of raw materials — metals, energy, food, and more.

03
Underserved Mid-Market

Mid-market processors are consistently underserved by traditional banks. Kilo fills a meaningful gap — offering lease, repo, stream, and royalty structures that institutional lenders typically won't, at commercial terms that create genuine alignment.

04
Path to Scale & Liquidity

Earnings to be reinvested in additional income-generating assets or returned via dividends and buybacks. Long-term optionality through eventual secondary sale or public listing in a sector that trades at significant multiples.

$125B
Combined market cap of the top 10 North American listed royalty companies — all focused on mining and extraction
Zero
Publicly listed royalty companies focused exclusively on above-ground commodity processors — Kilo's unique market position
All
Commodity sectors covered — metals, energy, food, agriculture, chemicals. No single-sector constraint
8+
Years the Kilo operating team has managed institutional commodity finance capital through the Kilo Capital platform
Let's Talk

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This website is for informational purposes only. Any investment offer will be made only through appropriate offering documents to qualified investors in compliance with applicable laws. Please consult your legal, financial, and tax advisors.

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