Amid a global push for greater access to crucial mineral resources, a new growth equity fund has appeared on the scene.UK-based emerging manager Lionhead Resources is in the market to raise up to $450 million for its inaugural fund, which will take non-controlling stakes in companies that mine and process so-called future critical minerals such as copper, lithium, cobalt, nickel, manganese and graphite. These minerals are essential for the technology that will help with the transition to clean energy, from wind turbines and solar panels to batteries that power electric vehicles.The fund’s launch comes amid a frenzy to secure a strategic supply of these crucial minerals. The Biden Administration recently said it would invoke the Defense Production Act to boost domestic production of rare-earth and critical minerals and metals needed to produce EV motors and defense systems, in hopes…
Exclusive: Lionhead Resources seeks $450M for mineral mining fund amid clean energy shift
