M&A Deal Summary

Wyloo Metals Acquires Noront Resources

On December 22, 2021, Wyloo Metals acquired metals/mining company Noront Resources from Resource Capital Funds

Acquisition Highlights
  • This is Wyloo Metals’ 1st transaction in the Metals/Mining sector.
  • This is Wyloo Metals’ 1st transaction in Canada.
  • This is Wyloo Metals’ 1st transaction in Ontario.

M&A Deal Summary
Date 2021-12-22
Target Noront Resources
Sector Metals/Mining
Buyer(s) Wyloo Metals
Sellers(s) Resource Capital Funds
Deal Type Add-on Acquisition
Advisor(s) TD Securities (Financial)
Bennett Jones (Legal)

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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Buyer(S) 1

Buyer

Wyloo Metals

Nedlands, Australia
Category Company
Sector Metals/Mining
DESCRIPTION

Wyloo Metals manages a diverse portfolio of exploration and development projects and cornerstone interests in a number of public and private companies. It seeks to work closely with all stakeholders to accelerate projects through the development cycle while meeting the highest international environmental, social, and governance standards. Wyloo Metals is based in Nedlands, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

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 5 of 6
Sector (Metals/Mining) 5 of 5
Type (Add-on Acquisition) 1 of 1
State (Ontario) 2 of 3
Country (Canada) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Wolf Minerals

Perth, Australia

Wolf Minerals is a specialty metal exploration and development company, with a focus on tungsten and tin. The Company's main project is the world-class Hemerdon Ball tungsten and tin project in Devon, in the UK. The project has existing planning permission and a definitive feasibility study for a 3Mtpa operation that will produce around 350,000 metal tonnes units of tungsten trioxide per annum. Wolf Minerals was formed in 2007 and is based in Perth, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Ausenco Engineering Canada

Burlington, Ontario, Canada

Ausenco Engineering Canada is a provider of consulting, project delivery and asset management solutions to the minerals & metals, oil & gas and industrial sectors. Ausenco Engineering Canada is based in Burlington, Ontario.

Sell -
Mergr

Product

Company

Legal