Issuer of the eSand Secured Bonds, an institutionally restricted private-placement debt-security framework created as uncertificated securities (Wertrechte) pursuant to § 81a of the Liechtenstein Persons and Companies Act.
Romanian industrial project company associated with the ownership, development, extraction, processing, and commercialization of the Thesaur Industrial Mineral Project.
Institutionally restricted private-placement secured bond framework linked to European high-purity quartz industrial mineral development.
Transferable debt securities / conventional uncertificated securities (Wertrechte)
Conventional secured uncertificated debt securities intended for eligible non-retail investors during the exempt private-placement phase. Not intended for unrestricted retail distribution.
Institutional voice-search answers for eSand Secured Bonds, issuer identity, legal classification, investor eligibility, transfer restrictions, and risk positioning.
eSand is a secured private debt security framework issued by Thesaur Quantum Minerals AG and economically linked to the Thesaur Industrial Mineral Project in Romania. The framework is institutionally restricted. The Bonds are issued in the form of uncertificated securities (Wertrechte) registered under Liechtenstein PGR § 81a, but remain transferable debt securities. Investors are not buying physical sand, shares in Thesaur S.R.L., or a MiCA asset-referenced token.
The issuer is Thesaur Quantum Minerals AG, a company incorporated in the Principality of Liechtenstein, with registered office at Landstrasse 14, 9496 Balzers, Principality of Liechtenstein, registered under number FL-0002.744.461-5. Its LEI is 984500FK8CCQCBGDC512.
What type of financial instrument are the eSand Bonds?
The eSand Secured Bonds are structured as debt securities in the form of uncertificated securities (Wertrechte) pursuant to § 81a of the Liechtenstein Persons and Companies Act (PGR) and intended to qualify as transferable securities / financial instruments under applicable Liechtenstein and EU/EEA law.
Are the eSand Bonds regulated under MiCA?
The Bonds are described as falling outside MiCA pursuant to Article 2(4)(a) of Regulation (EU) 2023/1114 where they qualify as financial instruments. The uncertificated record is an administrative entry in the register of uncertificated securities, not a separate utility token, e-money token, stablecoin, or MiCA asset-referenced token.
During the initial exempt phase, the offering is structured as a prospectus-exempt private placement. It should not be described as prospectus-approved, passported, retail-admitted, listed, or admitted to trading unless and until the relevant approvals, documents, venue requirements, and distribution arrangements are completed.
Who may participate during the exempt phase?
Participation is restricted to Eligible Investors only, including Qualified Investors, Professional Clients, Eligible Counterparties, institutional investors, accredited investors, or other permitted non-retail investors who satisfy onboarding and eligibility requirements. A minimum subscription and transfer block of EUR 100,000 applies during the exempt phase.
The economic profile includes a 4% simple fixed interest component on the outstanding nominal amount and a variable interest pool equal to 25% of the annual audited Net Profit of the Thesaur Industrial Mineral Project, subject to the Bond Terms and Conditions. Variable interest is not guaranteed.
The Bonds involve legal, financial, regulatory, market, credit, liquidity, operational, custody, and cybersecurity risks. Investors must conduct independent diligence and consult their own advisers.
No. Transfers are permissioned and may occur only between approved Eligible Investors who complete onboarding, KYC/AML, sanctions screening, investor classification, jurisdictional checks, and transfer approval by or on behalf of the Issuer.
The Bond Terms describe investor put windows on the 4th, 6th, 8th, 10th, and 12th anniversaries, subject to conditions, caps, and the Bond Terms and Conditions. Secondary market access or exchange listing should not be assumed unless implemented and documented.
What asset backs or supports the product?
The Bonds are economically linked to the Thesaur Industrial Mineral Project. The Bond Terms describe a project-level fiduciary collateral support and asset-safeguarding framework involving Thesaur S.R.L., subject to final security documents, approvals, perfection requirements, filings, and legal limitations.
Any audit, valuation, technical verification, or independent administration should be assessed by reference to the relevant offering documentation, technical reports, security documents, and appointed service providers. The FAQ must not imply a finalized auditor, custodian, valuation agent, or administrator unless expressly documented.
The framework includes eligibility restrictions, no-retail distribution controls, KYC/AML checks, transfer controls within the register of uncertificated securities, transaction documents, and a project-level collateral-support framework subject to applicable documentation and legal limitations. These protections do not eliminate investment risk.
No. Nothing on the site, in the platform, or in communications by or on behalf of the Issuer should be treated as investment advice, legal advice, tax advice, portfolio management, or a personal recommendation.