RBC

Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, and Spain. The company produces copper, zinc, lead, and nickel and also holds a 24% equity stake in the Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and the Kokkola cobalt refinery in Finland. Lundin Mining Corporation focuses on mining and refining base metals to meet global demand for these essential materials.

Ecora Resources PLC is a company that specializes in acquiring royalties from a diverse portfolio of mining assets, primarily focusing on base metals and bulk materials. Its portfolio includes key commodities such as copper, nickel, iron ore, gold, cobalt, vanadium, metallurgical coal, and uranium. Notable assets include Voisey's Bay, Mantos Blancos, and Maracas Menchen, among others. The company operates in low-risk jurisdictions and aims to enhance its income growth by investing in cash-generating royalties and exploring opportunities in earlier stage royalties. Ecora Resources is committed to returning a substantial portion of its royalty revenues to shareholders as dividends.

Marex Group is a global financial services firm that specializes in providing essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets. The company connects clients to global exchanges and offers a variety of execution and hedging services tailored to a diverse range of assets and products. Operating in a complex and fragmented market, Marex Group navigates significant regulatory and technological challenges, which contribute to high barriers to entry for competitors. Additionally, Marex Group provides business-to-business e-commerce solutions specifically designed for the marine industry, including proprietary procurement solutions that enhance operational efficiency for its clients.