The Ireland Strategic Investment Fund (ISIF) has announced a €30m commitment to the Irish Minerals Fund LP, an Irish limited partnership sponsored by Lionhead Resources.
The Irish Minerals Fund will seek minority investments in value-creating, ESG-responsible, high-quality metals and mining investments in the Republic of Ireland. The investment strategy will focus on ESG-responsible projects with proven mineral deposits, including zinc as the primary product, and strong social licenses in the community.
The ISIF prioritises the use of its capital and resources to address strategic challenges and focus its efforts on making transformational investments across its impact themes. This commitment aligns with ISIF’s Indigenous Businesses and Climate investment themes while also targeting a regional development focus. The Irish Minerals Fund will significantly boost the mineral extraction sector in Ireland, a sector in which the country has a long history and creates highly skilled jobs in regional locations.
Lionhead Resources is a mining-focused investment manager investing in mines that deliver future critical minerals essential for transitioning to a low-carbon, greener economy and developing a rapidly urbanised global population. The team comprises senior mining and investment professionals from various backgrounds, including geology, metallurgy, processing, operations, and financing.