Orion Resource Partners

Orion Resource Partners, established in 2004 and headquartered in New York, is an asset management firm specializing in the mining and natural resource sectors. With $2.6 billion under management, Orion offers flexible capital solutions, including debt, equity, and production-linked financing, to both public and private mining companies. The firm's experienced team structures investments such as debt, equity, convertibles, offtake, streaming, and royalty agreements, employing a disciplined, risk-adjusted investment process. Orion operates globally, providing tailored financing solutions to base and precious metals companies.

Michael Barton

Managing Partner and Management Committee Member

Mark Frayman

Managing Partner, Orion Industrial Ventures

Peter Rozenauers

Operating Partner

Istvan Zollei

Managing Partner and Management Committee Member

Jonathan Lamb

Managing Partner

Past deals in Precious Metals

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.

VerAI Discoveries

Series B in 2025
VerAI Discoveries is an AI-driven mineral asset portfolio company that employs artificial intelligence and machine learning to identify concealed mineral deposits in underexplored terrain. By focusing on prime mining jurisdictions, VerAI enhances the likelihood of discovering significant mineral deposits while reducing economic risks associated with exploration. The company utilizes its advanced platform to analyze complex datasets and trace unique signatures of existing deposits, thereby accelerating the mineral exploration process. VerAI collaborates with industry investors and explorers to develop a diversified portfolio of base and precious metal targets, contributing to the global supply of critical minerals and supporting the transition towards a zero-carbon economy.

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 is an AI-driven mineral asset portfolio company that employs artificial intelligence and machine learning to identify concealed mineral deposits in underexplored terrain. By focusing on prime mining jurisdictions, VerAI enhances the likelihood of discovering significant mineral deposits while reducing economic risks associated with exploration. The company utilizes its advanced platform to analyze complex datasets and trace unique signatures of existing deposits, thereby accelerating the mineral exploration process. VerAI collaborates with industry investors and explorers to develop a diversified portfolio of base and precious metal targets, contributing to the global supply of critical minerals and supporting the transition towards a zero-carbon economy.

Nordic Mining

Post in 2023
Nordic Mining is a mining company focused on the exploration, extraction, and production of high-grade industrial minerals and metals. Its primary operations are centered around the Rutile and Garnet segment, with notable projects including the Engebo rutile and garnet project. The company is also involved in producing lithium hydroxide, catering to the increasing demand in various industries, particularly in the context of the growing lithium market.

Nordic Mining

Post in 2023
Nordic Mining is a mining company focused on the exploration, extraction, and production of high-grade industrial minerals and metals. Its primary operations are centered around the Rutile and Garnet segment, with notable projects including the Engebo rutile and garnet project. The company is also involved in producing lithium hydroxide, catering to the increasing demand in various industries, particularly in the context of the growing lithium market.

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.

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 and Serbia. The company is engaged in the exploration and development of precious and base metals, primarily targeting deposits of zinc, lead, barite, barium sulfate, silver, gold, and copper. Adriatic Metals holds a 100% interest in the Vareš Project in Bosnia and Herzegovina and also owns the Raska zinc deposit in Serbia, which is known for its high-grade mineralization. The company’s projects include the historic Veovaca mine, which was previously an open-cut operation for zinc, lead, barite, and silver. Established in 2017 and headquartered in Cheltenham, the United Kingdom, Adriatic Metals operates in regions recognized for their strong mining history, supportive regulatory environment, skilled labor force, and robust infrastructure.

Jetti Resources

Series C in 2021
Jetti Resources, established in 2014 and based in Vancouver, Canada, specializes in developing hydrometallurgical technologies for extracting metals from mineral ores. Its proprietary catalytic technology is primarily used to recover copper from low-grade primary sulfides like chalcopyrite, addressing a significant global resource recovery challenge cost-effectively and responsibly. Additionally, Jetti's technology can be applied to other minerals such as zinc and nickel sulfides, expanding its potential impact on the mining industry.

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.

Aris Gold Corporation

Private Equity Round in 2020
Aris Gold is a Canadian mining company listed on the TSX under the symbol “ARIS”.

Bushveld Minerals

Post in 2020
Bushveld Minerals Limited is an investment holding company focused on the exploration and development of vanadium and other mineral projects in Southern Africa. The company operates primarily through four segments: vanadium and iron ore exploration, coal exploration, vanadium mining and production, and energy. It holds significant interests in several key projects, including Vametco, Brits, Vanchem, and Mokopane, all located in the Northern Limb of the Bushveld Complex in Limpopo, South Africa. Additionally, Bushveld has stakes in the Imaloto coal project in Madagascar and a 60-megawatt power plant, which supports its energy development initiatives. The company aims to establish low-cost, vertically integrated vanadium operations by leveraging its capabilities across the entire value chain, from mining to energy generation. Founded in 2012 and headquartered in Johannesburg, Bushveld Minerals is committed to unlocking value for its shareholders through its diverse portfolio of mineral assets.

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.

Dalradian Resources

Acquisition in 2018
Dalradian Resources Inc. is a company focused on the acquisition, exploration, and development of mineral properties, with a primary emphasis on gold and silver ores. The company operates primarily in Northern Ireland, where it is developing the Curraghinalt project and holds a 100% interest in multiple mineral prospecting licenses and mining lease option agreements covering approximately 84,000 hectares in the counties of Tyrone and Londonderry. Additionally, Dalradian has interests in properties located in Norway. Originally incorporated in 2009 under the name SA Resources Inc., the company rebranded to Dalradian Resources Inc. in April 2010 and is headquartered in Toronto, Canada.

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.

Lydian International

Post in 2015
Lydian International is a company focused on developing gold mines. Its primary asset is the Amulsar Gold Project in Armenia, which is expected to become the country's largest gold mine upon completion. The project has estimated mineral resources containing approximately 5 million ounces of gold, with targeted annual production of around 200,000 ounces. Lydian secured a Mining Right for Amulsar in late 2014, enabling it to progress with development plans.

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.

Goldrock Mines

Post in 2015
Goldrock Mines Corp. is a mining and exploration company based in Vancouver, Canada, primarily focused on the exploration and development of gold properties in Argentina. The company holds a 100% interest in the Lindero gold property, located in Salta Province, which is the central focus of its operations. Founded in 1975 and formerly known as Mansfield Minerals Inc., Goldrock Mines Corp. underwent a name change in January 2013. As of 2016, it operates as a subsidiary of Fortuna Silver Mines Inc. The company is dedicated to advancing the Lindero gold project, contributing to the growth of the mining sector in northwestern Argentina.

Claude Resources

Private Equity Round in 2014
Claude Resources Inc. is a Canadian gold exploration and mining company based in Saskatoon, Saskatchewan. The company specializes in the acquisition, exploration, and development of precious metal properties, particularly gold mineral deposits. With a focus on discovering and developing high-quality gold resources, Claude Resources aims to enhance its portfolio through strategic exploration initiatives and sustainable mining practices.

Aurcana Silver

Post in 2013
Aurcana Silver Corporation, based in Vancouver, Canada, is a mining company primarily focused on the exploration, development, and operation of silver properties. It owns the Revenue-Virginius Mine in Colorado and the Shafter-Presidio silver property in Texas, both in the United States. Aurcana also operates the La Negra mine in Mexico, producing silver, lead, zinc, and copper concentrates. The company's management team, with a proven track record, aims to deliver sustainable growth and maximum value for shareholders.

Dart Mining Nl

Private Equity Round in 2013
Dart Mining NL is a mineral exploration company based in Corryong, Australia, founded in 2006. The company focuses on the exploration of precious metals, base metals, and minor metals in Northeast Victoria. Its primary commodities of interest include lithium, gold, silver, copper, molybdenum, zinc, tungsten, tin, and tantalum. Dart Mining's flagship project is the Buckland Gold project, which underscores its commitment to exploring orogenic gold and porphyry base metals, alongside critical minerals such as lithium and tantalum.

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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