Vision Blue Resources (VBR) has secured more than $650m in financing as the company explores the metals required for the energy transition.
The company said the funds, which exceed its $500m fundraising target, have been supported by specialist mining, private and large institutional investors.
Go deeper with GlobalData
With the funds, VBR is planning to expand its portfolio to five strategic investments in companies involved in vanadium, graphite, silicon metal, tin, and rare earths.
The company said that demand for these commodities is rapidly growing from end markets, including electric vehicles, grid-scale energy storage, wind and solar energy infrastructure, and electronic devices.
VBR founder Mick Davis said: “Since our first investment in early 2021, we have seen a growing realisation amongst governments, investors, industry and others that the world is facing a major shortfall in the supply of metals and minerals needed to enable the transition to clean, low carbon energy production and usage.
See Also:
“VBR is already playing an important role in accelerating the supply of these critical commodities by supporting the rapid and responsible development of new sources of supply that have the potential to become globally significant.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe company’s investment strategy aims to secure minority stakes in companies with advanced and scalable assets and have a low logistics and processing risk.
VBR’s portfolio includes Cornish Metals, NextSource Materials, Sinova Global, Serra Verde, and Ferro-Alloy Resources.
