DJIA38904.04 307.06
S&P 5005204.34 57.13
NASDAQ16248.52 199.44
Russell 20002060.10 8.70
German DAX18163.94 -238.49
FTSE 1007911.16 -64.73
CAC 408061.31 -90.24
EuroStoxx 505013.35 -57.20
Nikkei 22538992.08 -781.06
Hang Seng16723.92 -1.18
Shanghai Comp3069.30 -5.66
KOSPI2714.21 -27.79
Bloomberg Comm IDX102.90 0.64
WTI Crude-fut91.17 0.01
Brent Crude-fut86.57 1.15
Natural Gas1.79 0.00
Gasoline-fut2.79 -0.01
Gold-fut2345.40 33.50
Silver-fut27.50 0.46
Platinum-fut940.60 -5.50
Palladium-fut1007.40 -23.60
Copper-fut423.60 1.85
Aluminum-spot1815.00 0.00
Coffee-fut212.50 5.75
Soybeans-fut1185.00 5.00
Wheat-fut567.25 11.00
Bitcoin67976.00 304.00
Ethereum USD3328.10 56.27
Litecoin98.71 0.69
Dogecoin0.18 0.00
EUR/USD1.0862 0.0007
USD/JPY151.72 -0.02
GBP/USD1.2678 0.0016
USD/CHF0.9044 -0.0014
USD IDX104.28 0.08
US 10-Yr TR4.4 0.091
GER 10-Yr TR2.406 0.007
UK 10-Yr TR4.064 -0.005
JAP 10-Yr TR0.771 -0.004
Fed Funds5.5 0
SOFR5.32 0

Sub Markets

Topics

Alternative Assets  + Real Assets  | 
Metals & Miners Specialist Orion Resources Unloads 25% Stake in Sweetwater to Ontario Teachers’ Pension

Metals & Miners Specialist Orion Resources Unloads 25% Stake in Sweetwater to Ontario Teachers’ Pension

Metals and miners-focused global asset manager Orion Resource Partners has sold a 25% minority stake in base metals and industrial minerals royalty company Sweetwater Royalties to the $247.2 billion Ontario Teachers’ Pension Plan for cash consideration of $221.6 million.

Since New York-based Orion established Sweetwater in 2020, the company has made several expansions and developments. Sweetwater signed a lease and royalty agreement with WE Soda for the development of a greenfield soda ash mine and is currently developing a renewables business through the leasing of lands in exchange for wind and solar royalties.

Orion, which manages $8.2 billion in assets, is also pursuing non-operating partnerships with third-party operating partners regarding battery metal projects.

“Sweetwater’s assets are particularly well positioned, based off quality, location and rarity of trona ore deposits, to benefit from continued growth in demand,” noted Oskar Lewnowski, Founder and Group CEO of Orion.

Sweetwater currently owns 17 cash flowing royalties across soda ash, renewables and industrial minerals and owns 7 royalties on soda ash and renewables projects under development.

Connect

Inside The Story

Orion Resource PartnersSweetwater RoyaltiesOntario Teachers' Pension Plan

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action