Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Excellon Resources Inc. (EXNRF) Message Board

Vision Blue Resources Launches $300M SPAC Focused

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 95
(Total Views: 354)
Posted On: 03/25/2021 5:39:02 PM
Avatar
Posted By: NetworkNewsWire
Vision Blue Resources Launches $300M SPAC Focused on Becoming Battery Metals Giant

Mick Davis, who is the former CEO of Xstrata, recently founded Vision Blue Resources, a battery metals investment firm whose objective is to become a battery metals giant. The company recently launched a $300 million SPAC (special-purpose acquisition company).

Last week, ESM Acquisition Corp, co-sponsored by the Energy and Minerals Group, a private equity mining investor and VBR, made its debut on the U.S. market. The company seeks to invest in mining projects that are engaged in the production of minerals required by electric vehicles and other green energy technologies. The objective is to use ESM to look for bigger investment opportunities while VBR invests in small mining projects.

In a media statement, VBR revealed that ESM’s strategy was to determine and complete a preliminary business combination with a target that could benefit from its leadership team’s considerable experience in the mining industry. The company added that ESM planned to focus on a target business that was positioned to benefit from the worldwide transition toward a low-carbon economy.

Data composed by Bloomberg shows that so far this year, more than 600 issuers have raised $162.4 billion, with SPACs accounting for half of those offerings. The purpose of SPACs is to raise money in a listing then use the funds to obtain assets within two years.

VBR also announced that it had invested $11.5 million into Ferro-Alloy Resources, which is currently developing the Kazakhstan Balasausqandiq vanadium project. This is the second company Vision Blue Resources has invested in since it was launched in February. The first company was NextSource Materials, a Canadian company that is constructing a graphite mine over in Madagascar.

In the natural resource industry, Davis is well known, having managed Xstrata from when it was a $500 million business to an operation so massive that at some point, the company made a plan to takeover Anglo American.

In 2012, Glencore acquired Xstrata and Davis established X2 Resources, which unfortunately, did not acquire any deals three years after being launched. Not one to be dissuaded, however, Davis co-founded Niron Metals in 2019. The investment firm is involved in bringing iron ore deposits acquired from the Zogota mine in Guinea into production.

Last month, Davis warned that the supply of battery metals, such as cobalt, nickel and graphite, was not keeping up with the growth in demand, explaining that the need for battery metals would exceed anything the natural resource industry had ever encountered. This may explain why the mining expert is set on dominating the battery metals industry and supply.

One mining company that is already reaping the benefits of the surge in the demand of battery metals such as copper is Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), which saw an increase of 19% in its production of copper in the last quarter 2020.

NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer



(0)
(0)




Excellon Resources Inc. (EXNRF) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us