Orion Resource Partners

Orion Resource Partners is an alternative investment manager based in New York, focusing on the mining and natural resource sectors. Established in 2012, the firm manages approximately $2.6 billion in assets and specializes in offering flexible capital investment solutions to publicly traded companies in the base and precious metals sectors. Orion's experienced team of investment professionals utilizes a disciplined, risk-adjusted process to evaluate potential portfolio companies. The firm provides various financing options, including debt, structured equity, and production-linked financing, as well as investments in royalties and offtake agreements.

Oskar Lewnowski

Founder and Chief Investment Officer

Peter Rozenauers

Managing Partner and Portfolio Manager

10 past transactions

Capstone

Post in 2023
Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. They are committed to the responsible development of their assets and the environments in which they operate. Their three producing mines are the Pinto Valley copper mine located in Arizona, US, the Cozamin copper-silver mine in Zacatecas State, Mexico and the Minto copper mine in Yukon, Canada. In addition, Capstone has two copper development projects; the large scale 70% owned copper-iron Santo Domingo project in Region III, Chile, in partnership with Korea Resources Corporation, and the 100% owned copper-zinc Kutcho project in British Columbia, Canada, as well as exploration properties in Chile. Using their cash flow and strong balance sheet as a platform, Capstone's strategy is to extend the lives of their current mines with mineral resource and reserve expansions, maintain optionality on the Santo Domingo development project, prudently progress the exploration portfolio and grow through acquisitions in politically stable, mining-friendly regions. They will pace their growth with their financial capacity, ensuring they retain, as a priority, sufficient financial flexibility to meet the requirements of their existing operations and their committed development projects, while maintaining an adequate cushion to deal with market volatility and operating risks inherent in the mining industry. Their headquarters are in Vancouver, Canada and they are listed on the Toronto Stock Exchange (TSX).

Adriatic Metals

Post in 2021
Adriatic Metals PLC, through its subsidiary Eastern Mining d.o.o Sarajevo, is focused on mineral exploration in Bosnia and Herzegovina. The company primarily investigates deposits of zinc, lead, barite, barium sulfate, silver, gold, and copper. It holds full ownership of the Vareš Project, which includes the historic Veovaca mine—a former open-cut operation for zinc, lead, barite, and silver. Additionally, the company is advancing the Raska project, located approximately 17 kilometers northwest of Veovaca, which is known for its exceptionally high grades of base and precious metals. Established in 2017, Adriatic Metals is headquartered in Cheltenham, United Kingdom.

Jetti Resources

Series C in 2021
Jetti Resources is a Canadian company founded in 2014, headquartered in Vancouver, specializing in the development of hydrometallurgical technology for metal extraction from mineral ores. The company focuses on extracting copper from low-grade primary sulfides, particularly chalcopyrite, the most abundant copper mineral ore. Jetti's proprietary catalytic technology effectively addresses the challenges associated with recovering vast amounts of trapped resources, significantly enhancing copper yields while being cost-effective and environmentally responsible. In addition to copper, the technology can also be applied to the extraction of zinc and nickel from sulfide ores, contributing to more efficient mineral processing practices.

Uniformity Labs

Series B in 2021
Uniformity Labs, Inc. is a manufacturer specializing in engineered metal powders and materials designed for three-dimensional printing processes. Founded in 2014 as a spin-out from Princeton University, the company is headquartered in Fremont, California. Uniformity Labs focuses on the research and development of additives, including feedstock powders, that enhance the efficiency of additive manufacturing. Their proprietary materials improve particle distribution and phase separation, which increases the contact points among particles. This innovation supports clients in accelerating the adoption of industrial additive manufacturing, ultimately leading to improved operational efficiencies.

Guerrero Ventures

Post in 2020
Guerrero Ventures Inc. is a Canadian mining company based in Vancouver, British Columbia, focused on the exploration and development of precious and base metal resources. The company seeks to enhance shareholder value by acquiring, exploring, and developing mineral properties while adhering to best practices in environmental stewardship and stakeholder engagement. Guerrero Ventures is actively exploring the Biricu Project, located in the Guerrero Gold Belt in Mexico, adjacent to significant mining operations. The Biricu Project spans 90,000 acres and is undergoing modern exploration, having completed a maiden diamond drill program of 5,300 metres in December 2014. Plans for a second phase of diamond drilling are anticipated to commence in the latter half of 2015.

Victoria Gold

Acquisition in 2019
Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Mine Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse.

Heron Resources

Post in 2017
Heron Resources Limited engages in the exploration and development of base and precious metal deposits in Australia. The company’s principal project is the Woodlawn zinc-copper project located to the southwest of Sydney in New South Wales. It also owns the Kalgoorlie nickel project located north of Kalgoorlie in Western Australia; and holds various other base metal and copper-gold exploration properties located in the Lachlan Fold Belt of New South Wales.

Stornoway Diamond

Post in 2014
Stornoway Diamond Corporation is a Canadian company focused on the mining, acquisition, and exploration of diamond properties. Established in 1986 and headquartered in Longueuil, Quebec, its principal asset is the Renard mine, located in north-central Quebec. This project, which is currently under construction, is set to become the first diamond mine in the province. Stornoway aims to leverage its world-class asset in a favorable mining jurisdiction to drive growth and contribute to the diamond industry.

Nevada Copper

Post in 2013
Nevada Copper Corp. focuses on the identification, acquisition, exploration, and development of mineral properties primarily in Nevada. The company specializes in copper, gold, silver, and iron ores, with its principal asset being the Pumpkin Hollow property located in the state. Established in 1999 and based in Reno, Nevada, the company was previously known as Astron Resources Corporation before changing its name in November 2006.

GoGold Resources

Post in 2013
GoGold Resources Inc. is a Canadian mineral resource company focused on the exploration, development, and production of gold and silver, primarily in Mexico. The company is involved in the Parral Tailings project, located in Chihuahua, where it is constructing a heap leach facility to process tailings. Additionally, GoGold holds an option to acquire full concessions for the Los Ricos project, which covers approximately 22,000 hectares in Jalisco State. The company is headquartered in Halifax, Canada, and its operations in Mexico account for the majority of its revenue.
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