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, Orion Industrial Ventures

Jonathan Lamb

Managing Partner

Peter Rozenauers

Managing Partner and Portfolio Manager

Istvan Zollei

Managing Partner and Management Committee Member

Past deals in Natural Resources

Euro Manganese

Post in 2025
Euro Manganese Inc. is a Canadian mineral resource company dedicated to the evaluation, exploration, and development of mineral assets in the Czech Republic. The company’s principal asset is the Chvaletice manganese project, located east of Prague. This project involves the re-processing of a leachable manganese deposit aimed at producing high-purity electrolytic manganese metal, high-purity manganese sulphate monohydrate, and other high-purity manganese products. Incorporated in 2014, Euro Manganese is headquartered in Vancouver, Canada, and is focused on advancing the development of its key project to meet the growing demand for manganese in various industries.

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.

VerAI Discoveries

Series B in 2025
VerAI Discoveries employs AI and machine learning to identify hidden mineral deposits. It focuses on underexplored areas with favorable mining conditions, enhancing discovery probabilities while reducing economic risks. The company collaborates with industry investors and explorers to develop a global portfolio of base and precious metal targets, contributing to the global critical minerals supply.

Mangrove Lithium

Venture Round in 2025
Mangrove Lithium is a Vancouver-based company that has developed a modular platform for producing battery-grade lithium hydroxide and carbonate efficiently from diverse input streams. Its scalable solution can be co-located with upstream producers or manufacturers, enabling cost-effective conversion of waste brines to chemicals and desalinated water.

Alta Resource Technologies

Seed Round in 2025
Alta Resource Technologies specializes in innovative mining technology, utilizing advanced biochemistry to efficiently extract critical minerals, such as rare earth elements, from diverse feedstocks. Their proprietary platform employs customizable proteins for highly selective separation, reducing environmental impact and enabling clients to meet materials demand for advanced technologies like semiconductors.

Euro Manganese

Post in 2023
Euro Manganese Inc. is a Canadian mineral resource company dedicated to the evaluation, exploration, and development of mineral assets in the Czech Republic. The company’s principal asset is the Chvaletice manganese project, located east of Prague. This project involves the re-processing of a leachable manganese deposit aimed at producing high-purity electrolytic manganese metal, high-purity manganese sulphate monohydrate, and other high-purity manganese products. Incorporated in 2014, Euro Manganese is headquartered in Vancouver, Canada, and is focused on advancing the development of its key project to meet the growing demand for manganese in various industries.

VerAI Discoveries

Series A in 2023
VerAI Discoveries employs AI and machine learning to identify hidden mineral deposits. It focuses on underexplored areas with favorable mining conditions, enhancing discovery probabilities while reducing economic risks. The company collaborates with industry investors and explorers to develop a global portfolio of base and precious metal targets, contributing to the global critical minerals supply.

Nordic Mining

Post in 2023
Nordic Mining specializes in the exploration, extraction, and production of high-end industrial minerals and metals, with a focus on the Engebo rutile and garnet project.

Nordic Mining

Post in 2023
Nordic Mining specializes in the exploration, extraction, and production of high-end industrial minerals and metals, with a focus on the Engebo rutile and garnet project.

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.

Serra Verde

Private Equity Round in 2021
Serra Verde operates integrated rare earth mining and processing operations.

Jetti Resources

Series C in 2021
Founded in 2014, Jetti Resources specializes in hydrometallurgical technology for extracting metals from mineral ores. Its proprietary catalytic process is used to efficiently recover copper from low-grade primary sulfides like chalcopyrite, making it a cost-effective and environmentally responsible solution.

Huber Financial Advisors

Private Equity Round in 2021
Huber Financial Advisors is a wealth management firm based in Lincolnshire, Illinois. Established as an investment adviser registered with the Securities and Exchange Commission, it offers services including financial planning, portfolio management, and investment consulting.

Greenstone Gold Mines

Private Equity Round in 2021
Greenstone Gold Mines is focused on the development and operation of an open-pit gold mining project. The company is engaged in the exploration and construction of a gold mine and processing plant, along with supporting facilities. Greenstone aims to contribute to the local economy by creating employment opportunities for the surrounding community. Through its initiatives, the company seeks to serve the mining industry while promoting sustainable practices in its operations.

Tacora Resources

Private Equity Round in 2020
Tacora Resources Inc. is an iron ore mining and development company specializing in the extraction and processing of iron ore mineral reserves. Incorporated in 2017 and headquartered in Grand Rapids, Minnesota, Tacora focuses on acquiring and revitalizing iron ore assets primarily in Newfoundland and Labrador. The company supplies iron ore concentrate and is committed to sustainable operational practices throughout the mining process, including material transport and product sorting. Tacora aims to facilitate iron distribution across the United States and Canada, supporting the growth of clients in the metal industry.

Orla Mining

Post in 2020
Orla Mining is a mineral exploration company focused on acquiring, exploring, and developing mineral properties. Its primary asset is the Camino Rojo project in Zacatecas State, Mexico, which contains estimated mineral reserves of over 1 million ounces of gold and silver. The company also holds interests in projects in Panama and Nevada, USA.

Nomad Royalty Company

Post in 2020
Nomad Royalty Company Ltd. is a gold and silver royalty company based in Montreal, Canada. The company acquires rights to a percentage of the gold or silver produced from various mining operations, typically securing these rights for the life of the mine. Nomad's portfolio consists of ten royalty, stream, and gold loan assets, which include properties such as Woodlawn, Blyvoor, Gualcamayo, and Suruca. Its operations span multiple geographical regions, including North America, South America, Africa, and Australia. By generating revenue through gold and silver streams, royalties, and gold prepay loans, Nomad positions itself as a key player in the mining sector, focusing on the acquisition of valuable production rights.

Horizonte Minerals

Post in 2019
Horizonte Minerals is a United Kingdom-based nickel development company focused on mineral projects in Brazil. The company wholly owns the Araguaia nickel laterite project, situated to the south of the Carajas mineral district in northern Brazil, which it is developing as the next significant nickel mine in the region. Additionally, Horizonte holds the Vermelho nickel-cobalt project located in the Carajas area. The nickel produced by the company is primarily utilized in stainless steel manufacturing and electric vehicle production, highlighting its role in the evolving energy landscape.

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.

Premier Gold Mines

Post in 2019
Premier Gold Mines Limited is a mineral exploration and development company engaged in the exploration and production of gold and silver deposits across Canada, the United States, and Mexico. Founded in 2006 and headquartered in Thunder Bay, Ontario, the company holds a diverse portfolio of eight projects, which includes two operational mines—Mercedes in Mexico and South Arturo in Nevada—alongside development projects such as Hardrock in Ontario and McCoy-Cove in Nevada. Additionally, Premier Gold holds interests in several other exploration properties, including the Rahil Bonaza project and the Hasaga Gold project in Ontario. The company aims to establish itself as a low-cost, mid-tier gold producer while focusing on advancing its existing projects and exploring new opportunities in the mining sector.

Heron Resources

Post in 2017
Heron Resources Limited is an Australian company focused on the exploration and development of mineral deposits, primarily targeting base and precious metals. The company’s flagship project is the Woodlawn zinc-copper project, located southwest of Sydney in New South Wales. In addition to Woodlawn, Heron Resources also has interests in the Kalgoorlie nickel project in Western Australia and various exploration properties within the Lachlan Fold Belt of New South Wales. The company's portfolio includes projects for zinc, copper, lead, nickel, cobalt, and gold, as well as additional projects such as Yellow Mountain, Girilambone, and Barraba-Manilla. Established in 1995, Heron Resources is headquartered in Sydney, Australia.

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.

Premier Gold Mines

Post in 2016
Premier Gold Mines Limited is a mineral exploration and development company engaged in the exploration and production of gold and silver deposits across Canada, the United States, and Mexico. Founded in 2006 and headquartered in Thunder Bay, Ontario, the company holds a diverse portfolio of eight projects, which includes two operational mines—Mercedes in Mexico and South Arturo in Nevada—alongside development projects such as Hardrock in Ontario and McCoy-Cove in Nevada. Additionally, Premier Gold holds interests in several other exploration properties, including the Rahil Bonaza project and the Hasaga Gold project in Ontario. The company aims to establish itself as a low-cost, mid-tier gold producer while focusing on advancing its existing projects and exploring new opportunities in the mining sector.

Lydian International

Post in 2015
Lydian International is an emerging gold developer focused on its wholly-owned Amulsar Gold Project in Armenia. This project is anticipated to be the country's largest gold mine, with estimated mineral resources containing approximately five million ounces of gold and targeted annual production of around two hundred thousand ounces.

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.

Red Eagle Mining

Post in 2015
Red Eagle Mining is a development-stage company based in Vancouver, British Columbia, focused on the exploration and development of gold projects, primarily in Colombia. Established in 2010, the company is actively engaged in building shareholder value by discovering and developing mineral properties with an emphasis on low costs and low technical risks. Its key asset is the Santa Rosa Gold Project, a historic site located in the Antioquia Batholith, covering approximately 10,000 hectares. Red Eagle Mining aims to advance its projects to capitalize on opportunities in the gold sector.

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.

Stornoway Diamond

Post in 2014
Stornoway Diamond Corporation is a prominent Canadian company focused on the mining, acquisition, and exploration of diamond properties. Established in 1986 and headquartered in Longueuil, Quebec, Stornoway's primary asset is the fully-owned Renard Mine, which is currently under construction and is set to become Quebec's first diamond mine. In addition to the Renard project, the company holds a portfolio of exploration assets across Canada, including properties and joint ventures such as Adamantin, Qilalugaq, and Pikoo. Stornoway aims to enhance its business through the continued exploration and development of its diamond mining operations.

Weatherly International

Post in 2013
Weatherly International operates copper mining projects in southern Africa, focusing on partnerships with junior explorers who require development expertise. The company aims to enhance the copper mining environment by leveraging its team's experience in mine building and operations. By working with junior explorers, Weatherly International helps manage the risks associated with mining projects, particularly in lower-risk areas where medium-scale discoveries are more common. This strategic approach positions the company as a valuable partner in the copper mining sector, facilitating the successful development of various mining projects while fostering growth in the industry.

GoGold Resources

Post in 2013
GoGold Resources is a Canadian company engaged in exploration, development, and production of gold and silver primarily in Mexico. Its primary assets include the Parral Tailings project in Chihuahua State and the Los Ricos project in Jalisco State.

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.

Karora Resources

Post in 2013
Karora Resources Inc. is a mining company focused on the exploration and production of gold resources in Australia, with a strong portfolio of assets primarily located in Western Australia. The company's key operations include the Beta Hunt Gold Mine and the Higginsville Gold Operations, both of which contribute significantly to its gold production. Additionally, Karora holds an interest in the Spargos Reward Gold Project. Beyond its gold operations, the company has a 28% stake in a nickel joint venture that includes the Dumont Nickel-Cobalt Project in Quebec, Canada. Established in 2006 and headquartered in Toronto, Karora Resources was formerly known as Royal Nickel Corporation before rebranding in June 2020.
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