Battery Metals
Lithium-ion supply chain, secured outside China.
Why this fund exists.
Lithium-ion battery supply chains outside China are the single largest chokepoint in the global energy transition. Cathode-grade lithium, Class-1 nickel, cobalt, battery-grade copper, and graphite all remain concentrated in refining capacity controlled by strategic competitors — even where mine-mouth production is western.
Fund I invests across mine, midstream, and processing to build parallel, allied supply chains: brownfield restart, greenfield development, and refining capacity build-out in the United States, Canada, Australia, and select Latin American jurisdictions.
Where the capital goes.
Lithium
Hard rock spodumene, direct-lithium-extraction brine, and integrated refining to battery-grade Li₂CO₃ and LiOH.
Class-1 Nickel
Sulfide operations with clear paths to battery-grade Ni sulfate, primarily in North America and Australia.
Cobalt
Non-DRC supply — Canadian, Australian, and Idaho projects with a preference for integrated ore-to-sulfate.
Battery-Grade Copper
Cathode/cake capacity feeding North American cell manufacturing rather than construction/HVAC markets.
Graphite
Natural flake and synthetic anode capacity ex-China, with focus on spherical purification and coating.
Deployed alongside operators, offtakers, and structured co-investors.
Battery Metals capital is deployed alongside allied off-take partners — auto OEMs, cell manufacturers, and public agencies — under long-dated commercial and policy frameworks.