Orion Resource Partners

Orion Resource Partners is a New York-based alternative investment manager that provides flexible capital solutions to mining and natural resource companies worldwide. The firm focuses on debt, structured equity, and production-linked financing, with capabilities in convertibles, offtake agreements, streaming, and royalty investments. It targets publicly traded mining entities in base and precious metals and uses a disciplined, risk-adjusted investment process. By offering tailored capital structures and active portfolio management, Orion supports growth and resilience in the metals sector across global markets.

Michael Barton

Managing Partner and Management Committee Member

Mark Frayman

Managing Partner

Jonathan Lamb

Managing Partner

Oskar Lewnowski

Founder and Chief Investment Officer

Peter Rozenauers

Managing Partner and Portfolio Manager

Istvan Zollei

Managing Partner and Management Committee Member

Past deals in Commodities

Lithium Americas

Post in 2025
Lithium Americas is a resource company focused on the exploration and evaluation of lithium deposits, primarily in the United States and South America. The company holds significant interests in two major projects: the Cauchari-Olaroz Lithium Project in Jujuy province, Argentina, which spans approximately 81,000 hectares, and the Thacker Pass lithium project located in Humboldt County, Nevada. Additionally, Lithium Americas has rights over around 161,000 hectares across five salt lakes in the Jujuy and Salta provinces of Argentina. Originally incorporated in 2007 and formerly known as Western Lithium USA Corporation, the company rebranded to Lithium Americas in 2016 and is currently headquartered in Vancouver, Canada.

Sabina Gold & Silver

Post in 2022
Sabina Gold & Silver Corp. is a precious metals exploration and development company based in Vancouver, Canada. Focused primarily on gold deposits, the company is advancing its flagship Back River gold project, which encompasses several properties, including Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, located within a 10,637-hectare area in Nunavut. Founded in 1966 and originally named Sabina Silver Corporation, the company rebranded in 2009 to reflect its broader focus on gold. Sabina Gold & Silver is committed to becoming a significant gold producer through the phased development of its mineral assets in politically stable mining jurisdictions.

BMC Minerals

Private Equity Round in 2021
BMC Minerals is a London-based company focused on the assessment, acquisition, and development of base metals projects, specifically zinc and copper. The company aims to build a diverse portfolio of mining-ready assets that deliver long-life projects characterized by low operating costs and strong revenue potential. Through its strategic initiatives, BMC Minerals is committed to enhancing its clients' access to valuable mining resources and fostering the growth of sustainable base metals operations.

Victoria Gold

Acquisition in 2019
Victoria Gold Corp. is a Canadian mining company focused on the acquisition, exploration, and development of gold mineral properties. The company is primarily engaged in the exploration of gold deposits and operates its flagship Dublin Gulch property in central Yukon, which encompasses the Eagle and Olive-Shamrock Gold deposits over an area of approximately 555 square kilometers. The Eagle Gold Mine Project, part of this property, is an open-pit, heap leach operation situated about 375 kilometers north of Whitehorse, the capital of Yukon. Incorporated in 1981 and headquartered in Toronto, Victoria Gold Corp. aims to mine and export gold to various industries.

Aquila Resources

Post in 2019
Aquila Resources Inc. is a mineral exploration and development company based in Toronto, Canada, focusing on properties in the United States and Canada. The company primarily targets deposits of zinc, gold, copper, lead, silver, and nickel. Its flagship asset, the Back Forty Project, is a volcanogenic massive sulfide deposit located in Menominee County, Michigan, which encompasses a resource of approximately 1 million ounces of gold and 1 billion pounds of zinc. In addition to the Back Forty Project, Aquila Resources holds the Reef Project in Marathon County, Wisconsin, and the Bend Project in Taylor County, Wisconsin, both of which are situated in the mineral-rich Penokean Volcanic Belt. The company's management team is currently engaged in advancing permitting activities for its key projects.

Sydvaranger

Debt Financing in 2018
Sydvaranger is a company that operates an iron ore mining project located in Kirkenes, Norway. It specializes in mine engineering and prepares for operational readiness within the iron ore industry. In addition to iron ore, the company provides a range of chemicals, including silica, alumina, sulfur, phosphorous, and manganese. This diverse product offering allows customers to access high-quality materials tailored to their specific needs.

Equinox Gold

Post in 2017
Equinox Gold is a multi-asset mining company focused on gold production. It aims to commence operations at the Aurizona Gold Mine in Brazil by year-end 2018, with potential expansion through the Castle Mountain project in California. The company has an impressive pipeline of gold and copper assets across the Americas.

Lynx Resources

Debt Financing in 2015
Lynx Resources Ltd is a mining company focused on the acquisition and operation of mineral resources. It specifically owns and operates the SASA mine, a significant site for the extraction of zinc, lead, and silver located in Europe. The company produces approximately 30,000 tonnes of lead, 22,000 tonnes of zinc, and 400,000 ounces of silver in concentrates annually. By managing large-scale mining operations, Lynx Resources plays a crucial role in the mining sector, contributing valuable metals to the market.

Blackham Resources Limited

Post in 2015
The Matilda Gold Project incorporates over 780 square kilometres of tenements including Regent and the Matilda and Williamson Gold Mines containing total JORC resources of 4.3 million ounces of gold. These tenements cover around 45 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine & Coles Find Sequence has historically produced 4 million ounces of gold. All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects. Blackham is currently evaluating the resource extensions of each deposit and reserves to expand the current mining inventory of gold to enable the company to move to the next stage of development.

Aquila Resources

Post in 2015
Aquila Resources Inc. is a mineral exploration and development company based in Toronto, Canada, focusing on properties in the United States and Canada. The company primarily targets deposits of zinc, gold, copper, lead, silver, and nickel. Its flagship asset, the Back Forty Project, is a volcanogenic massive sulfide deposit located in Menominee County, Michigan, which encompasses a resource of approximately 1 million ounces of gold and 1 billion pounds of zinc. In addition to the Back Forty Project, Aquila Resources holds the Reef Project in Marathon County, Wisconsin, and the Bend Project in Taylor County, Wisconsin, both of which are situated in the mineral-rich Penokean Volcanic Belt. The company's management team is currently engaged in advancing permitting activities for its key projects.

Aldridge Minerals

Post in 2014
Aldridge Minerals is a development-stage mining company focused on advancing the Yenipazar polymetallic VMS project in Turkey, which hosts gold, silver, copper, lead and zinc. The Yenipazar property covers about 100 square kilometers and lies east-southeast of Ankara. The company is based in Canada and concentrates on resource development and exploration in Turkey.

Atalaya Mining

Post in 2014
Atalaya Mining is a European copper producer primarily focused on the Proyecto Riotinto, an open-pit mine with certified ore reserves of 153 million tonnes, containing 680,000 tonnes of copper. The company has fully operational large-scale processing facilities and infrastructure. After an 18-month period dedicated to refurbishment and commissioning, Atalaya Mining declared commercial production in February 2016, and the processing plant is now functioning at its design capacity. An ongoing expansion project aims to increase the processing capacity to 9.5 million tonnes per annum, enhancing the company's growth potential in the copper market.

Nevada Copper

Post in 2013
Nevada Copper Corp. is a mining company focused on the identification, acquisition, exploration, and development of mineral properties, primarily in Nevada, United States. The company specializes in copper, gold, silver, and iron ores, with its principal asset being the Pumpkin Hollow property, which features an underground mine designed to support a milling capacity of 5,000 tons per day. Incorporated in 1999 and based in Reno, Nevada, the company was previously known as Astron Resources Corporation before rebranding in November 2006.

Lithium Americas

Post in 2013
Lithium Americas is a resource company focused on the exploration and evaluation of lithium deposits, primarily in the United States and South America. The company holds significant interests in two major projects: the Cauchari-Olaroz Lithium Project in Jujuy province, Argentina, which spans approximately 81,000 hectares, and the Thacker Pass lithium project located in Humboldt County, Nevada. Additionally, Lithium Americas has rights over around 161,000 hectares across five salt lakes in the Jujuy and Salta provinces of Argentina. Originally incorporated in 2007 and formerly known as Western Lithium USA Corporation, the company rebranded to Lithium Americas in 2016 and is currently headquartered in Vancouver, Canada.
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