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.
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.
VBR’s portfolio includes Cornish Metals, NextSource Materials, Sinova Global, Serra Verde, and Ferro-Alloy Resources.
Ferro-Alloy Resources Ltd (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.