LONDON – Vision Blue Resources (VBR) announces that it has raised an initial US$60m and made its first investment of US$29.5m in NextSource Materials, which is developing one of the largest and highest quality flake graphite deposits in the world.
Vision Blue was created by Sir Mick Davis in December 2020 to capitalise on the structural change in battery mineral demand underway globally by acquiring a portfolio of strategically significant investments in battery mineral assets.
VBR has already identified a number of attractive opportunities and expects to rapidly grow its portfolio. VBR is targeting investments across battery minerals in assets that are either near production or late-stage exploration and where VBR is able to work with existing management teams and shareholders to create significant value.
In particular, VBR will prioritise assets with phased development growth potential that can become increasingly significant in the market through incremental expansion and that utilise well understood processing technologies with low-risk logistics solutions.
VBR’s thesis is that the growing adoption of Electric Vehicles and Energy Storage Systems will create a surge in battery mineral demand that is unprecedented for a number of commodities.
The impact of demand driven by government regulation and a global consensus to urgently reduce emissions is likely to lead to an unprecedented surge in prices and revenues to those mining companies with the right assets.
At the same time, the mining industry is not prepared to meet this demand due to a shortage of capital investment and industry dynamics which mean battery mineral projects do not meet the return criteria of major mining companies.
Vision Blue is positioned to provide an alternative source of capital to rapidly advance projects utilising the experienced technical and financial team it has available and leveraging its credentials and industry relationships.