Orion raises 2.2 billion dollars for critical minerals
Orion Resource Partners raised 2.2 billion dollars for its largest mining fund. Much of the capital is already committed to projects supporting the energy transition.
Orion Resource Partners LP has successfully closed its latest mine finance fund, raising approximately $2.2 billion to support the global energy transition. The vehicle, known as Mine Finance Fund IV, represents the firm's largest fund to date and is dedicated to financing mining projects that produce essential metals such as copper and lithium. This fundraising comes amid a significant increase in investor interest in critical minerals, which are vital for electric vehicles and renewable energy infrastructure.
The push for new mining investment is also influenced by geopolitical efforts to diversify supply chains. Many nations and corporations are seeking to establish sources of minerals outside of China, a nation that currently maintains a dominant position in the processing and supply of these materials. Orion Resource Partners LP reported that Mine Finance Fund IV has already deployed roughly 61% of its capital into projects located across North and South America, Europe, Africa, and Australasia.
To further its strategic goals, the firm has entered into several high-profile partnerships with governments and sovereign wealth funds. In October, it launched the Orion Critical Mineral Consortium in collaboration with the United States. This consortium, backed by $1.8 billion in committed capital, is focused on investing in strategic mining and refining operations.
Additionally, in January 2025, the firm formed a $1.2 billion joint venture with ADQ, a sovereign wealth fund based in the United Arab Emirates. This joint venture, named Orion Abu Dhabi, is tasked with securing the supply of strategic metals and critical minerals. With the completion of its latest fundraising round, Orion Resource Partners LP now manages more than $9 billion in total assets.
