Ryan Welker — Watauga
Natural Resources · Capital Markets · Board Leadership

Ryan Welker Chairman & Founder

Natural resources executive and capital markets practitioner with over 20 years of experience across producing operations, development-stage assets, structured financing, and public company governance.

20+
Years' Experience
1bn+
Cumulative Revenue
300+
Personnel
Ryan Welker — Vitrinite
Sydney, Australia

About Ryan Welker

Co-founder and Chairman of Vitrinite Pty Ltd, and an established board director across ASX-listed and private resource companies.

Ryan Welker — Illustrated by Slowboy
Illustration by Mr. Slowboy

Ryan Welker is a natural resources executive and capital markets practitioner with over 20 years of experience spanning producing operations, development-stage assets, structured financing, and public company governance across Australia and the United States.

As Co-founder and Chairman of Vitrinite Pty Ltd, Ryan has built a producing coal platform employing more than 300 personnel and generating over A$1bn in cumulative revenue since inception. His leadership spans the full asset lifecycle — from entrepreneurial concept through to scaled operating platform with institutional governance.

Ryan is recognised for disciplined capital deployment, counter-cyclical asset acquisition, and the alignment between operators and long-term institutional capital. His cross-border experience across Australia, the United States, and Asia reflects a deep understanding of the global resources landscape.

Background includes investment banking and financial markets experience with FINRA Series 7 & 63 regulatory qualifications, and a Graduate qualification from the Australian Institute of Company Directors.

Education
BA (Hons), International Accounting & FinanceRegent's Business School London
Graduate, Australian Institute of Company Directors
Prior Qualifications
FINRA Series 7General Securities Representative
FINRA Series 63Uniform Securities Agent
Core Competencies
Capital Allocation
Structured Finance
M&A & Divestment
Offtake Structures
Cross-Border Transactions
Board Governance
Commodity Marketing
FIRB & Regulatory

Directorships & Active Roles

Current board and executive positions across producing and development-stage resource companies.

Private · Coal
Chairman & Co-Founder

Producing coal platform operating in Queensland's Bowen Basin. Over A$1bn cumulative revenue, 300+ employees, multi-asset portfolio encompassing producing and development-stage operations.

Est. 2012 · Present
ASX: X64 · Gold
Non-Executive Director

ASX-listed gold development company. Board oversight including capital allocation, operational performance review, governance and risk frameworks, and financing strategy.

Current
Private · Uranium
Non-Executive Director

US-based uranium resource development platform. Strategic guidance on capital structuring, asset progression, and governance oversight for North American operations.

Current
Watauga Pty Ltd
Private Advisory Vehicle
Founder & Principal

Watauga is Ryan's private company through which he operates directorship mandates and provides advisory services to companies in the mining and resources sector.

Services include board advisory, capital structuring, institutional investor engagement, and strategic transaction support across the mining lifecycle.

Professional Experience

2012 — Present
Chairman & Co-Founder · Queensland, Australia

Co-founded and scaled a producing coal company from development-stage concept to a multi-asset platform generating over A$1bn in cumulative revenue with 300+ employees. Operating assets in Queensland's Bowen Basin.

Led capital structuring across growth phases, including equity placements, debt facilities, and structured offtake arrangements.
Directed acquisition and integration of producing and development-stage assets within the Bowen Basin.
Negotiated long-term marketing, logistics, and trading relationships with global commodity counterparties.
Structured capital solutions aligned with commodity cycle dynamics and Queensland royalty regime considerations.
Engaged with state and federal regulatory authorities on project approvals and FIRB processes.
Led strategic repositioning toward low-cost, premium product production with long-duration reserve base.
Board Directorships
Various
Non-Executive Director · ASX-Listed & Private Companies

Board experience across ASX-listed and private resource companies, encompassing audit, risk, capital oversight, and governance frameworks.

Audit & Risk committee oversight across producing and development-stage entities.
Capital raising approvals and restructuring and recapitalisation initiatives.
Management performance evaluation and institutional investor engagement.
Board-level review of financing structures and development strategy.
Investment Banking & Capital Markets
Early Career
Advisory & Markets Roles · United States & Australia

Roles spanning natural resources advisory, structured finance, and equity markets in the United States and Australia. Foundation for deep capital markets and mining sector expertise.

Mining-sector equity and debt transactions across producing and development-stage assets.
Valuation and financial modelling of resource assets across the commodity complex.
Cross-border capital raising and regulatory structuring across AU/US markets.
Institutional investor engagement across commodity sectors.
Transaction & Capital Highlights
Career Summary
Selected Experience
Structured and executed multi-stage capital raises across equity and debt instruments.
Negotiated offtake-linked financing frameworks aligned with commodity marketing strategy.
Directed acquisition of producing coal assets within competitive market environments.
Managed refinancing processes during periods of commodity market volatility.
Evaluated M&A opportunities across domestic and international resource platforms.
Oversaw institutional investor engagement and shareholder structuring initiatives.

Past Directorships

Former board roles across listed and private resource companies spanning gold, base metals, and energy minerals.

ASX-Listed · Gold
Former Non-Executive Director
ASX-Listed · Iron Ore & Lithium
Former Non-Executive Director
Ryan Welker
Ryan Welker · Sydney, Australia

Capital & Value Creation

01Prioritise downside protection in cyclical commodity environments.
02Align management incentives with long-term capital providers.
03Conservative leverage relative to asset cash flow volatility.
04Focus on scalable, margin-resilient assets with long reserve life.
05Strategic integration of marketing, logistics, and production economics.
"Counter-cyclical acquisition discipline, combined with rigorous capital structuring, defines long-term value creation in the resource sector."

Contact

For board advisory, capital structuring, institutional investor engagement, or strategic transaction support — reach out directly via Watauga.

Location
Sydney, Australia
Operating Vehicle
Watauga Pty Ltd