As part of the provincial strategy to position Mendoza as a financial hub for mining development, Impulsa Mendoza organized a key meeting with representatives from the Toronto Stock Exchange (TSX), the primary source of financing for mining projects worldwide.
During their visit to Mendoza, David Celich (Head of Oil and Gas at TSX) and Guillaume Legaré (Head of South America) participated in a strategic meeting organized by Impulsa Mendoza. The aim was to continue strengthening the joint work agenda focused on financing local mining projects.
Sebastian Piña and Cristian Azar, Impulsa Mendoza’s Chief Financial Officer (CFO) and Chief Legal Officer (CLO), attended the meeting, as did Santiago Pérez Araujo, Director of the Mendoza Stock Exchange.
This meeting is part of the “Impulsando el Financiamiento” (Promoting Financing) program, a strategic initiative by Impulse Mendoza to transform the province into a regional hub for capital attraction.
The program coordinates educational, training, and networking activities with global leaders such as TSX, including roadshows, courses, technical exchange forums, and training sessions to improve understanding of the mining project financing process.
The teams reviewed the progress at the meeting and defined the roadmap with the new short-term, medium-term, and long-term objectives. The active inclusion of the Stock Exchange as a new Stakeholder marks a key step toward consolidating a solid financial ecosystem capable of attracting local and international investment.
Access to financing and financial education
With the impetus of the Malargüe Western Mining District (MDMO) and growing regulatory updates, Mendoza expects to register more than 100 projects with exploration approval in the short term.
In this context, Impulsa Mendoza and the local Stock Exchange recently signed a memorandum of understanding to work together on designing tools that facilitate access to financing for these ventures.
What is a financial hub?
A financial hub is a dynamic ecosystem where banks, investment funds, fintechs, regulators, universities, consulting firms, and other stakeholders operate. These hubs facilitate complex financial operations, technological innovation, and capital attraction. They are also engines of growth and privileged spaces for global networking, with events such as PDAC, IMARC, and Exponor.
Mendoza already has favorable conditions to become one: strong institutions, political and tax stability, quality of life, air and land connectivity, educational and cultural offerings, and a leadership committed to mining as a state policy.
Next Steps:
To consolidate its role as a mining finance hub, Mendoza will take the following actions:
•Continue participating in international trade fairs and forums, and replicate this networking model at the local level.
•Create investment vehicles that allow local and foreign capital to enter the mining sector.
•Promote financial education through the active participation of institutions and stakeholders in the economic system.
•Strengthen its technological infrastructure and advance innovation through mechanisms such as fintechs and digital investment platforms.
Impulsa Mendoza will continue to collaborate with public, private and academic organization to make this new development model a reality.