> ## Documentation Index
> Fetch the complete documentation index at: https://docs.stratareserve.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Financing Structures

> The non-dilutive structures Strata uses to unlock liquidity from real-world assets.

Strata uses familiar, institutional structures to help owners access capital
while preserving long-term upside. Every structure is non-dilutive and transfers
no operational control.

## The structures

<CardGroup cols={2}>
  <Card title="Royalty financing" icon="gem">
    Upfront capital for a share of future production. No asset sale or
    operational control transferred. Long-duration and non-dilutive.
  </Card>

  <Card title="Revenue participation (capped)" icon="chart-line">
    Capital repaid through a capped production-revenue share with a defined
    return (e.g. 1.5×–2.5×). Clean, predictable exit.
  </Card>

  <Card title="Optionality-based structures" icon="code-branch">
    Deferred triggers, expandable facilities, and adjustable economics aligned to
    your timeline.
  </Card>

  <Card title="Asset-backed credit" icon="building-columns">
    Financing secured by asset economics with flexible repayment terms and grace
    periods. No ownership transfer.
  </Card>

  <Card title="Development & expansion capital" icon="arrow-trend-up">
    Funding to scale production or infrastructure, with repayment aligned to the
    production ramp.
  </Card>
</CardGroup>

## Why owners choose Strata

<AccordionGroup>
  <Accordion title="Maintain ownership" icon="hand-holding">
    Access liquidity without selling your asset or your future production.
  </Accordion>

  <Accordion title="Flexible structures" icon="sliders">
    Financing tailored to your timeline, production profile, and objectives.
  </Accordion>

  <Accordion title="Preserve upside" icon="arrow-trend-up">
    Retain long-term exposure to commodity value.
  </Accordion>

  <Accordion title="Institutional-grade execution" icon="building-columns">
    Transparent, auditable structures designed to work alongside your advisors.
  </Accordion>

  <Accordion title="All asset stages" icon="layer-group">
    Producing, near-producing, and in-ground reserves are all supported.
  </Accordion>
</AccordionGroup>

## Example transaction

A representative royalty financing against a silver asset:

|                    |                          |
| ------------------ | ------------------------ |
| **Capital**        | \$50,000,000             |
| **Structure**      | 2% gross-revenue royalty |
| **Payments**       | Begin upon production    |
| **Asset transfer** | None                     |
| **Control change** | None                     |

<Note>
  Example only — terms are designed per asset. See
  [For Asset Owners](/guides/for-asset-owners) for how a structure is evaluated
  and assembled.
</Note>