A three-member consortium of Abu Dhabi sovereign wealth fund ADQ, the US government, and Orion Resource Partners LP (Orion) invests in a critical minerals fund and makes a total capital commitment of $1.8 billion.
Orion Critical Mineral Consortium (Orion CMC or the consortium), established with Orion, a metals and materials investment firm, and the US International Development Finance Corporation (DFC), is likely to invest the fund to assist the US and its partner countries in developing critical minerals supply chains.
According to a statement, the international investment organization of the US government, the DFC, has made a preliminary capital commitment, equalized by both funds managed by Orion and ADQ, and setting the current size of the consortium at $1.8 billion with a target of $5 billion.
The consortium, headed by Orion, is planning to unify metals and mining investors and operators in a multi-billion-dollar platform of critical minerals investments.
The consortium will also invest and build critical minerals in new and other market jurisdictions, administer offtake, build domestic processing, and combine and scale economic minerals technological solutions.
Orion CMC will give preference in terms of investments in current or near-term producing assets.
