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US$25MM Equity Raise for TechMet in Brazil

Delphos Financial Advisor TechMet
Delphos Financial Advisor TechMet

Delphos facilitated a hybrid facility worth US$25MM through the DFC. This arrangement combines debt and equity to support the development of a nickel and cobalt open-pit mine in Piaui, Brazil. TechMet is a private industrial investment company that is building controlling or dominant minority positions in world-class projects producing technology metals. TechMet invests across the whole technology metal value chain, both in upstream and downstream battery technologies.

Brazil, Energy and Natural Resources, Metals and Mining, Americas, Capital Raising, 2020, SDG

Sector

Energy and Natural Resources

Amount Raised

US$25,000,000

Deal Type

Capital Raising

Unique Challenge

Delphos advised on structuring and arranging the hybrid financing facility for a critical minerals project, supporting DFI engagement and aligning the transaction with energy transition priorities.

Sub-sector

Metals and Mining

Year

2020

Type of Financing

Debt, Equity

Deal Impact in Numbers

  • ~25,000 metric tons of nickel produced annually
  • ~900 metric tons of cobalt produced annually
  • Increased supply for battery and clean energy applications

Lender

DFC

SDGs

SDG 7 Ensure access to affordable, reliable, sustainable and modern energy for allSDG 8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for allSDG 13 Take urgent action to combat climate change and its impacts

Borrower

Brazilian Nickel PLC

Deal Impact in Lives

  • Battery manufacturers and energy storage providers
  • Industrial users of nickel and cobalt
  • Local workers and communities in Brazil

Location

Brazil

Brazil TechMet Financial Advisory Delphos