Investment Summary

Resource Capital Funds Invests In Noront Resources

On May 10, 2012, private equity firm Resource Capital Funds invested in metals/mining company Noront Resources

Investment Highlights
  • This is Resource Capital Funds’ 7th transaction in the Metals/Mining sector.
  • This is Resource Capital Funds’ 2nd transaction in Canada.
  • This is Resource Capital Funds’ 2nd transaction in Ontario.
Investment Fate
  • Noront Resources was sold to a strategic buyer in 2021.

Investment Summary

Date 2012-05-10
Target Noront Resources
Sector Metals/Mining
Investor(s) Resource Capital Funds
Deal Type PIPE

Target

Noront Resources

Toronto, Ontario, Canada
Noront Resources is focused on the development of its high-grade Eagle's Nest nickel, copper, platinum, and palladium deposit and the world-class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. Noront Resources was formed in 1980 and is based in Toronto, Ontario.

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Investor(S) 1

Investor

Resource Capital Funds

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Resource Capital Funds is a private equity firm that targets investments in mining companies across a diversified range of commodities and geographies. The Firm will consider funding development stage opportunities, as well as buyouts of operating assets and distressed situations. Resource can commit as little as $2 million and as much as $75 million per transaction. Resource Capital was formed in 1998 and has offices in Denver, Colorado, and Perth, Australia.


DEAL STATS #
Overall 8 of 37
Sector: Metals/Mining M&A 7 of 29
Type: PIPE M&A Deals 3 of 5
State: Ontario M&A 2 of 8
Country: Canada M&A 2 of 17
Year: 2012 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Atalaya Mining

Minas de Riotinto, Spain

Atalaya Mining is a mining company focused on restarting the historic Rio Tinto copper project in southern Spain. The company has completed a feasibility study on the restart of Rio Tinto, and is in the process of obtaining permits and project financing. In light of the project's long operating history, the restart is considered to have low technical risk. In addition to Rio Tinto, EMED also owns a Slovakian development project, which is estimated to contain more than one million ounces of gold. Atalaya Mining was founded in 2004 and is based in Minas de Riotinto, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 Westwater Resources

Centennial, Colorado, United States

Westwater Resources is focused on developing energy-related metals. Westwater Resources was founded in 1977 and is based in Centennial, Colorado.

Buy -