LEGAL

Terms & Conditions

The rules and agreements that govern your use of the FringeMetals platform.

Fringe Metals Commercial Terms & Conditions

Official Marketplace Contract for Minerals & Metals Trading

Effective Date: October 6, 2026

This Terms and Conditions Agreement (the "Agreement") constitutes a legally binding, valid, and enforceable contract by and between Fringe Metals (operating through its registered owner, Arete Mining & Consultancy Limited, a corporation organized and existing under the laws of Zambia, hereinafter referred to as "the Platform" or "Fringe"), the Buyer, and the Seller (each individually referred to as a "Party" and collectively as the "Parties").

WHEREAS, Fringe operates a specialized online digital marketplace designed to safely connect corporate entities offering physical industrial minerals or metals with qualified global buyers; and

WHEREAS, the Seller owns, controls, or holds valid statutory disposal authority over specific mineral concentrates, ores, or refined metal consignments and desires to list such physical commodities on the Platform to solicit verified commercial purchase offers; and

WHEREAS, the Buyer desires to utilize the Platform to discover, review, secure, and clear transactions for physical mineral and metal volumes by committing transactional capital into a designated global secure banking framework managed by Fringe.

NOW, THEREFORE, in consideration of the mutual covenants, execution terms, and operational fee parameters set forth herein, the Parties agree to be strictly bound by the following conditions:

1. Definitions & Core Platform Roles

Platform (Fringe Metals): The proprietary digital matching engine, trade software infrastructure, and secure database network operated globally by Arete Mining & Consultancy Limited.
Fringe Operatives: Arete Mining & Consultancy Limited, its subsidiaries, logistics management affiliates, appointed inspection networks, legal advisors, and corporate partner agencies tasked with overseeing transactional clearing, compliance tracking, and escrow management.
Seller: Any registered user, legal individual, or licensed commodity trading entity in good standing holding absolute legal title or valid disposal rights over a physical lot or delivery stream of minerals or metals who lists those commodities on the Platform.
Buyer: Any registered institutional fund, smelter, refiner, trading house, or accredited corporate entity who evaluates listed items, requests transactions, or inputs a purchase commitment for mineral or metal units on the Platform.
Base Transaction Amount: The baseline gross monetary value assigned to the commodity transaction calculated strictly from the contractually agreed unit price and physical consignment volume, as validated within the Platform's core trade module.
System Status Flags: Automatic global status states governing commodity listing visibility inside the core application database: Active (open for purchase), Pending Settlement (locked exclusively following an execution trigger while bank wires clear), and Done Deal (successfully closed, verified, and financially distributed).

2. Transaction Selection & System Trigger

2.1. Mandatory Trade Parameters: Prior to entering into a locked transaction status, the platform interface requires the definitive, immutable entry of the target delivery volume, grade/chemical specifications, baseline moisture limits, packing format, and the final combined Base Transaction Amount.

2.2. The System Trigger: A binding, immutable transaction sequence is officially triggered, and the contractual obligations of all Parties under this Agreement become instantly effective, at the exact universal timestamp when either:

The Buyer clicks the definitive purchase action on a commodity consignment listed by a Seller; or
The Seller clicks to accept and officially confirm an offer to sell against a specific mineral or metal procurement request posted by a Buyer.

3. The Split-Fee Payment and Escrow Architecture

3.1. The 5% Total Facilitation Split: Instantly upon the execution of the System Trigger, Fringe shall facilitate the commercial trade through a secure split-fee framework where a total of five percent (5%) of the Base Transaction Amount is allocated to the Platform. This fee is split equally between the transacting parties (2.5% applied to the Buyer and 2.5% applied to the Seller).

3.2. Financial Mechanics: The settlement framework requires the exact mathematical execution of the following volumes:

The Buyer is contractually obligated to pay the Base Transaction Amount plus an additional 2.5% surcharge into the designated banking account managed by Arete Mining & Consultancy Limited.
The Seller contractually agrees to receive the Base Transaction Amount less a 2.5% platform deduction upon successful closing and verification.
Fringe (through Arete and its operational agencies) retains exactly 5% of the Base Transaction Amount as its corporate facilitation and marketplace fee.

Illustrative Settlement Example: On an agreed Base Transaction Amount of US$1,000,000.00 based on price and weight:

The Buyer must remit and clear a total of US$1,025,000.00 (Base Amount + 2.5% Buyer Surcharge).
The Seller will ultimately receive a total of US$975,000.00 (Base Amount − 2.5% Seller Deduction).
Exactly US$50,000.00 is retained securely by Fringe (Arete Mining & Consultancy Limited) as the commercial marketplace fee.

3.3. Payment Infrastructure and Timeline: The Buyer must remit all funds exclusively via Bank Wire Transfer or Telegraphic Transfer (SWIFT) directly to the verified corporate bank account of Arete. The Buyer has a strict window of five (5) working days from the electronic trigger timestamp to clear the full gross payment volume into the designated account.

3.4. Failure to Remit & Purging: Should the full gross payment fail to clear inside the 5 working days timeline, the transaction request is instantly purged by the platform automation, any reservation claims are invalidated, and the commodity listing remains open and active.

3.5. Lock-In Execution: Immediately upon verification of cleared funds from the Buyer by Arete's treasury, the Platform updates the listing status to Pending Settlement, and the consignment is completely locked, removing it from public marketplace visibility.

4. Quality Discrepancies & Independent Lab Assay Rules

4.1. Delivery Inspection & Right to Challenge: Upon physical delivery of the mineral or metal consignment at the designated discharge port, warehouse, or destination facility, the Buyer has a strict window of ten (10) calendar days to conduct independent weight and quality testing. If the Buyer finds that the mineral grade, metal purity, or moisture composition does not match the specifications listed by the Seller within the Platform module, the Buyer must formally issue an official Quality Challenge via the Platform framework.

4.2. Splitting Limits & Material Deviations: The protocol for resolving quality claims depends on the variance between the Seller's listed assay and the Buyer's initial arrival assay:

Within Splitting Limits (Minor Variance): If the variance between the two assays is equal to or less than the standard commercial splitting limit for that specific mineral/metal (e.g., 0.5% content variance for base metal concentrates), the final payable quality shall be calculated as the exact arithmetical mean of the Seller's listed assay and the Buyer's arrival assay. The transaction will proceed to close automatically on this basis.
Material Deviation (Major Variance): If the variance exceeds the allowable splitting limit, a formal quality dispute is declared, and the final quality must be determined through compulsory Umpire Assay procedures as detailed below.

4.3. Compulsory Umpire Assay Procedures: In the event of a Material Deviation, Fringe Operatives will step in to manage the dispute neutrally under the following strict guidelines:

Selection of Umpire Laboratory: Arete Mining & Consultancy Limited will select a world-recognized, completely independent testing laboratory—such as SGS, Bureau Veritas, or Intertek—to act as the official Umpire Assayer. The laboratory selected must not have performed any prior testing for either the Buyer or the Seller regarding the specific lot under dispute.
Reference Samples: The Umpire Laboratory will be provided with the sealed reference sample taken at the loading location or original sealing stage under mutual supervision, or will be directed by Arete Operatives to draw a new representative sample at the discharge location following international ISO standards.
Binding Nature: The quality, chemical composition, and grade findings issued by the chosen independent Umpire Laboratory shall be final, absolute, and legally binding upon both the Buyer and the Seller. No further appeals regarding quality parameters will be permitted.

4.4. Allocation of Umpire Costs & Price Adjustments:

Cost Burden: The entire corporate cost of the independent Umpire Laboratory testing shall be borne exclusively by the Party whose original assay results differ the furthest from the final findings issued by the Umpire Laboratory. If the Umpire result is the exact arithmetical midpoint between the two claims, the costs shall be split equally (50/50) between the Buyer and the Seller.
Final Value Recalculation: If the final binding Umpire Assay confirms a lower mineral grade or value, the Base Transaction Amount shall be recalculated downwards according to the unit pricing framework originally agreed upon. If the Buyer's gross escrow deposit exceeds this new adjusted total, Arete will immediately refund the excess balance to the Buyer while releasing the adjusted net amount to the Seller (less the 2.5% marketplace deduction). If the product fails to meet the absolute minimum commercial rejection thresholds set in the initial listing parameters, the Buyer may reject the entire lot, triggering a full refund of their payment, while the Seller remains liable to Fringe for operational costs incurred.

5. Transaction Facilitation & Closing Outcomes

5.1. Operational Scope of Arete: Once funds are securely held in the platform banking framework, Fringe (through Arete Mining & Consultancy Limited and its designated operational partner agencies) will actively step in to facilitate the transaction through to its successful completion. This operational support includes coordinating documentation handovers, verifying compliance with weight/assay certificates, monitoring local logistics clearance, and managing the final secure distribution instructions.

5.2. Successful Resolution ("Done Deal"): Upon successful validation of delivery prerequisites, arrival confirmations, and the expiration or settlement of any quality challenges under Section 4, Arete will execute the final wire payouts—disbursing the net settlement to the Seller and retaining the 5% platform fee. The listing state updates to Done Deal.

6. International Governing Law and Jurisdiction

6.1. Governing Contract Law: This Agreement, its formation, validity, commercial obligations, collection workflows, quality dispute frameworks, and any dispute or non-contractual claim arising out of it shall be governed by, and construed exclusively in accordance with, the laws of the United Kingdom (English Law), without regard to choice of law principles.

6.2. Binding International Arbitration: Any dispute, controversy, or breach arising directly or indirectly from this contractual platform framework shall be referred to and definitively resolved by binding international commercial arbitration administered by the London Court of International Arbitration (LCIA) under the LCIA Arbitration Rules currently active. The tribunal shall consist of one (1) independent arbitrator. The seat and legal venue of arbitration shall be London, England. The official language of all proceedings shall be English.

6.3. Sovereign Separation of Physical Assets: All Parties explicitly confirm that the actual physical movement, customs clearance, environmental cross-border compliance, export tax structures, and local mining/commodity trading statutory requirements shall remain separately subject to the local laws of the respective sovereign nations where the physical minerals/metals originate or cross. This Agreement strictly governs platform escrow, financial distributions, quality frameworks, and digital matching/facilitation fees due to Fringe/Arete.

7. Corporate Covenants & Sign-Off

7.1. Severability: If an arbitral tribunal or competent court declares any section of these terms invalid, the remaining clauses shall preserve full legal validity and continue to bind the Parties.

7.2. Entirety: This document embodies the entire commercial agreement regarding marketplace platform engagement for minerals and metals trading, superseding all prior verbal exchanges, platform messages, or drafts.

7.3. Execution Consent: By registering an account, maintaining an active listing, inputting a purchase request, or executing an electronic deal trigger, all Parties issue unconditional consent to these terms.

Terms and Conditions Agreement

Official Marketplace Contract for Investors and License Holders

Effective Date: October 6, 2026

This Terms and Conditions Agreement (the "Agreement") constitutes a legally binding, valid, and enforceable contract by and between Fringe Metals (operating through its registered owner, Arete Mining & Consultancy Limited, a corporation organized and existing under the laws of Zambia, hereinafter referred to as "the Platform" or "Fringe"), the Investor, and the License Holder (each individually referred to as a "Party" and collectively as the "Parties").

WHEREAS, Fringe operates a specialized online digital marketplace designed to safely connect entities holding valid mining rights with prospective global investors; and

WHEREAS, the License Holder owns or controls certain mining tenements, concessions, or licenses and desires to list such mineral assets on the Platform to solicit third-party corporate investment; and

WHEREAS, the Investor desires to utilize the Platform to discover, review, and lock exclusive options on listed mineral assets by committing transaction deposits into a designated escrow framework;

NOW, THEREFORE, in consideration of the mutual covenants, execution terms, and financial obligations set forth herein, the Parties agree to be strictly bound by the following conditions:

1. Definitions & Core Platform Roles

Platform (Fringe Metals): The proprietary digital matching engine, software infrastructure, and secure database network operated globally by Arete Mining & Consultancy Limited.
Fringe Operatives: Arete Mining & Consultancy Limited, its subsidiaries, technical geological field staff, legal consultants, and official partner agencies tasked with conducting physical mining inspections, technical assay reviews, corporate due diligence, and legal prerequisites.
License Holder: Any registered user, legal individual, or corporate syndicate in good standing holding title or operating authority over a mining tenement who lists that asset on the Platform to attract third-party capital.
Investor: Any registered institutional fund, accredited individual, or corporate entity who evaluates, issues a request for transaction parameters, or inputs a target investment amount for a tenement on the Platform.
Investment Amount: The total base gross monetary value assigned to the transaction as officially entered and validated by the Parties within the Platform's core transactional module.
System Status Flags: Automatic global status states governing asset lifecycle visibility inside the database: Active (open for interest), Reserved (locked exclusively for diligence), Done Deal (successfully closed and settled), and Unsuccessful (returned to active market visibility after failure).

2. Investment Deal Selection & System Trigger

2.1. Mandatory Parameters: Prior to entering into a locked negotiation status, the system requires the definitive entry of the total gross Investment Amount and the digital selection of one of two structured Facilitation Deals:

Option A — 5% Facilitation Fee Deal: Direct cash-based brokerage arrangement.
Option B — 5% Shares Split Equally Deal: Equity-based permanent corporate participation.

2.2. The System Trigger: A binding, immutable transaction sequence is officially triggered, and the contractual obligations of all Parties under this Agreement become instantly effective, at the exact universal timestamp when both the Investor and the License Holder click to accept the transaction frameworks on the Platform dashboard.

3. Escrow & Security Deposit Protocols

3.1. The 5% Remittance Obligation: Instantly upon the execution of the System Trigger, a mandatory security and facilitation deposit equal to exactly five percent (5%) of the total gross Investment Amount must be transferred by the Investor into the designated secure banking account managed by Arete Mining & Consultancy Limited.

Illustrative Escrow Example: On an agreed Investment Amount of US$10,000,000.00, the baseline mandatory deposit sum is exactly US$500,000.00.

3.2. Approved Payment Architecture: All deposits must be remitted exclusively via Bank Wire Transfer or Telegraphic Transfer (SWIFT) directly to the verified corporate bank account of Arete. The Investor has a strict window of five (5) working days from the electronic trigger timestamp to clear the full deposit volume into the account.

3.3. Failure to Remit & Cancellation: Should the full 5% security deposit fail to clear inside the 5 working days timeline, the transaction request is instantly purged by the platform automation, any exclusivity claims are invalidated, and the tenement listing remains open and active.

3.4. Lock-In Execution: Immediately upon verification of cleared funds by Arete's treasury, the Platform updates the listing status to Reserved, triggering automated database exclusivity.

4. The 90-Day Diligence & Facilitation Period

4.1. Strict Exclusivity Window: The arrival of funds and shifting to Reserved initiates a definitive 90-day (three-month) exclusivity window. The listing is removed from public viewing feeds, and the License Holder is strictly prohibited from holding concurrent discussions or marketing the tenement to third parties.

4.2. Operational Scope of Arete: During this 90-day period, Fringe Operatives (Arete Mining & Consultancy Limited) shall act as the official independent neutral facilitator. Arete will direct, review, and execute technical field evaluations, geological audits, legal prerequisite tracking, concession registry validity checks, and structured commercial meetings to bring the transaction to a complete corporate closure.

5. Closing Outcomes & Financial Revenue Disbursement

The allocation, retention, and disbursement of the initial 5% security deposit at the expiration or milestone resolution of the 90-day exclusivity matrix is governed strictly by the pre-selected option:

Deal Structure / Outcome	Option A: 5% Facilitation Fee Deal	Option B: 5% Shares Split Equally Deal
Successful Close Within 90 Days	Arete permanently retains the entire 5% cash deposit as its corporate facilitation fee. Listing updates to Done Deal.	Arete retains 10% of the cash deposit as an admin fee. Remaining 90% cash balance shifts into the Project Operational Account. Arete receives a 5% permanent equity stake (2.5% each from Investor/License Holder), a permanent Board Seat, and mandatory Co-Signatory Status on all corporate accounts. Listing updates to Done Deal.
Unsuccessful Close (Deal Fails)	Arete retains a 10% breakout fee (0.5% of total investment). The remaining 90% balance is wire-refunded to the Investor. Listing reverts to Active.	Arete retains a 10% breakout fee (0.5% of total investment). The remaining 90% balance is wire-refunded to the Investor. Listing reverts to Active.

6. Automatic Post-Period Reversal

If the full 90-day timeline expires without the delivery of a legally executed, finalized corporate closing agreement or an authorized written extension approved by Arete, the transaction state updates to Unsuccessful. The financial retention policies detailed in Section 5 are automatically processed, and the asset listing immediately reverts to active visibility on the platform global grid.

7. Extensions to the Exclusivity Window

7.1. Mutual Extension Window: Should deep geological testing or legal drafting require additional time, the Investor and License Holder may jointly execute a written extension request prior to the 90-day cutoff, subject to absolute verification by Arete.

7.2. Compulsory Extension Surcharge: Any approved extension incurs a mandatory, non-refundable premium equal to ten percent (10%) of the initial 5% security deposit (representing an additional 0.5% of the gross Investment Amount). This adjustment permanently alters final fee structures as follows:

Option A (Facilitation Fee) Extended Close: If successful, Arete retains the 5% deposit plus the 10% premium (totaling 110% of the initial deposit pool). If unsuccessful, Arete keeps its 10% breakout fee plus the 10% extension premium (totaling 20% of the initial deposit pool), returning the remaining 80% to the Investor.
Option B (5% Shares Deal) Extended Close: If successful, Arete secures its 5% equity stake, Board Seat, and Co-Signatory structures, retains 20% of the cash deposit pool (10% standard admin fee + 10% extension premium), and transfers the remaining 80% to the Project Account. If unsuccessful, Arete retains 20% of the cash deposit pool as overhead, wire-refunding the remaining 80% to the Investor.

8. International Governing Law and Jurisdiction

8.1. Governing Contract Law: This Agreement, its formation, validity, commercial obligations, collection workflows, and any dispute or non-contractual claim arising out of it shall be governed by, and construed exclusively in accordance with, the laws of the United Kingdom (English Law), without regard to choice of law principles.

8.2. Binding International Arbitration: Any dispute, controversy, or breach arising directly or indirectly from this contractual platform framework shall be referred to and definitively resolved by binding international commercial arbitration administered by the London Court of International Arbitration (LCIA) under the LCIA Arbitration Rules currently active. The tribunal shall consist of one (1) independent arbitrator. The seat and legal venue of arbitration shall be London, England. The official language of all proceedings shall be English.

8.3. Sovereign Separation of Mining Titles: All Parties explicitly confirm that the structural transfer, title registration, local environmental compliance, and statutory execution regarding the underlying mining tenements or concessions themselves shall remain separately subject to the local statutory mining acts of the specific Sub-Saharan African sovereign nation where the physical assets reside. This Agreement strictly governs platform escrow, financial distributions, and digital facilitation terms due to Fringe/Arete.

9. Corporate Covenants & Sign-Off

9.1. Severability: If an arbitral tribunal declares any section of these terms invalid, the remaining clauses shall preserve full legal validity.

9.2. Entirety: This document embodies the entire commercial agreement regarding marketplace platform engagement, superseding all prior verbal exchanges or drafts.

9.3. Execution Consent: By registering an account, maintaining an active listing, inputting an investment target, or executing a deal trigger, all Parties issue unconditional consent to these terms.

FringeMetals is owned and operated by Arete Mining & Consultancy Limited (Zambia).
For questions regarding these terms, contact us at support@fringemetals.com.
Phone / WhatsApp: +260 978 070 789 / +260 961 986 866

Ready to Get Started?

Join a trusted community of mineral traders

Join Fringe Metals today and become part of a trusted community of mineral traders, investors, and mining professionals.

Register Now Browse Marketplace