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Critical Raw Materials Track Record

HCF is a leader in advisory services to the CRM sector. We have been mandated on projects across several commodities, including cobalt, copper, graphite, lithium, manganese, uranium, vanadium, and rare earth elements such as neodymium and praseodymium.

See Our Track Record

Consortium Partner on EU-funded AfricaMaVal

HCF is a consortium partner on the AfricaMaVal project, where we aim to assist the European Commission in identifying African projects which have the potential to secure the supply of CRMs to Europe, as well as the sources of financing for CRM projects in Africa. 

See Our Work on AfricaMaVal

Financing the CRM Supply Chain

Our knowledge of the various financing instruments applicable to the CRM sector is unparalleled.  We have established trusting relationships with institutions across the globe, and understand financing instruments available for these projects.

• Government-led financing instruments and critical mineral strategies
• Sustainability-linked and green financings
• Standard project finance instruments available to the CRM sector

See Our Services

Key ingredients to a successful Critical Raw Materials project financing

Critical minerals introduce a layer of complexity when compared to traditional commodities. These markets are small and niche, but expected to grow exponentially over the near term. There is little price transparency and end users require specialist products.

With these market dynamics, many companies are rushing to get to operations without spending sufficient time to understand the intricacies and risks inherent to their project. Finance providers are very selective, and HCF has the expertise to increase the chances of successfully obtaining capital.

Key considerations that underpin the financing of a Critical Mineral Project

We would be happy to discuss the above in more detail to assist you in your thinking in shaping the development strategy for your project.

Minerals Critical to the Energy Transition

1
H
1.008
Hydrogen
2
He
4.002602
Helium
3
Li
6.94
Lithium
4
Be
9.0121831
Beryllium
5
B
10.81
Boron
6
C
12.011
Carbon
7
N
14.007
Nitrogen
8
O
15.999
Oxygen
9
F
18.998403163
Fluorine
10
Ne
20.1797
Neon
11
Na
22.98976928
Sodium
12
Mg
24.305
Magnesium
13
Al
26.9815385
Aluminium
14
Si
28.085
Silicon
15
P
30.973761998
Phosphorus
16
S
32.06
Sulfur
17
Cl
35.45
Chlorine
18
Ar
39.948
Argon
19
K
39.0983
Potassium
20
Ca
40.078
Calcium
21
Sc
44.955908
Scandium
22
Ti
47.867
Titanium
23
V
50.9415
Vanadium
24
Cr
51.9961
Chromium
25
Mn
54.938044
Manganese
26
Fe
55.845
Iron
27
Co
58.933194
Cobalt
28
Ni
58.6934
Nickel
29
Cu
63.546
Copper
30
Zn
65.38
Zinc
31
Ga
69.723
Gallium
32
Ge
72.630
Germanium
33
As
74.921595
Arsenic
34
Se
78.971
Selenium
35
Br
79.904
Bromine
36
Kr
83.798
Krypton
37
Rb
85.4678
Rubidium
38
Sr
87.62
Strontium
39
Y
88.90584
Yttrium
40
Zr
91.224
Zirconium
41
Nb
92.90637
Niobium
42
Mo
95.95
Molybdenum
43
Tc
98
Technetium
44
Ru
101.07
Ruthenium
45
Rh
102.90550
Rhodium
46
Pd
106.42
Palladium
47
Ag
107.8682
Silver
48
Cd
112.414
Cadmium
49
In
114.818
Indium
50
Sn
118.710
Tin
51
Sb
121.760
Antimony
52
Te
127.60
Tellurium
53
I
126.90447
Iodine
54
Xe
131.293
Xenon
55
Cs
132.90545196
Caesium
56
Ba
137.327
Barium
72
Hf
178.49
Hafnium
73
Ta
180.94788
Tantalum
74
W
183.84
Tungsten
75
Re
186.207
Rhenium
76
Os
190.23
Osmium
77
Ir
192.217
Iridium
78
Pt
195.084
Platinum
79
Au
196.966569
Gold
80
Hg
200.592
Mercury
81
Tl
204.38
Thallium
82
Pb
207.2
Lead
83
Bi
208.98040
Bismuth
84
Po
209
Polonium
85
At
210
Astatine
86
Rn
222
Radon
87
Fr
223
Francium
88
Ra
226
Radium
104
Rf
267
Rutherfordium
105
Db
268
Dubnium
106
Sg
269
Seaborgium
107
Bh
270
Bohrium
108
Hs
269
Hassium
109
Mt
278
Meitnerium
110
Ds
281
Darmstadtium
111
Rg
281
Roentgenium
112
Cn
285
Copernicium
113
Nh
286
Nihonium
114
Fl
289
Flerovium
115
Mc
289
Moscovium
116
Lv
293
Livermorium
117
Ts
294
Tennessine
118
Og
294
Oganesson
57
La
138.90547
Lanthanum
58
Ce
140.116
Cerium
59
Pr
140.90766
Praseodymium
60
Nd
144.242
Neodymium
61
Pm
145
Promethium
62
Sm
150.36
Samarium
63
Eu
151.964
Europium
64
Gd
157.25
Gadolinium
65
Tb
158.92535
Terbium
66
Dy
162.500
Dysprosium
67
Ho
164.93033
Holmium
68
Er
167.259
Erbium
69
Tm
168.93422
Thulium
70
Yb
173.054
Ytterbium
71
Lu
174.9668
Lutetium
89
Ac
227
Actinium
90
Th
232.0377
Thorium
91
Pa
231.03588
Protactinium
92
U
238.02891
Uranium
93
Np
237
Neptunium
94
Pu
244
Plutonium
95
Am
243
Americium
96
Cm
247
Curium
97
Bk
247
Berkelium
98
Cf
251
Californium
99
Es
252
Einsteinium
100
Fm
257
Fermium
101
Md
258
Mendelevium
102
No
259
Nobelium
103
Lr
266
Lawrencium
3
Li
6.94
Lithium

Lithium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

12
Mg
24.305
Magnesium

Magnesium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

5
B
10.811
Boron

Boron

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

6
C
12.011
Carbon

Carbon

HCF Mandate/Transaction

  • Advised NextSource Materials in relation to the negotiation and structuring of strategic partnerships, offtake agreements and debt financing for its Molo Project in Madagascar
  • Advised an ASX-listed entity in relation to a US$ 25m project financing with Gemcorp Capital for the development of its Lindi Jumbo graphite project in Tanzania
  • Financial adviser to EcoGraf Limited in relation to securing a UFK covered project financing for the development of its Epanko graphite project in Tanzania
  • Financial adviser to Magnis Energy Technologies in relation to the development of the Nachu graphite project in Tanzania
2
He
4.003
Helium

Helium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

13
Al
26.982
Alumunium

Alumunium

HCF Mandate/Transaction

  • Advised Alliance Mining Commodities in relation to its Koumbia bauxite project in Guinea. HCF supported the negotiation of the mining convention with the Government
  • Advised Alliance Mining Commodities in relation to attracting equity and debt funding for its Koumbia bauxite project in Guinea
14
Si
28.086
Silicon

Silicon

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

15
P
30.974
Phosporus

Phosporus

HCF Mandate/Transaction

  • Advised PhosCo in relation to a financing plan for the development of its Chaketma phosphate project in Tunisia
19
K
39.098
Potassium

Potassium

HCF Mandate/Transaction

  • Advised Circum Minerals in relation to the project financing of its Danakil potash project in Ethiopia
  • Financial adviser to Brazil Potash Corp in relation to the project financing of its Autazes potash project in Brazil
21
Sc
44.956
Scandium

Scandium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

22
Ti
47.867
Titanium

Titanium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

23
V
50.942
Vanadium

Vanadium

HCF Mandate/Transaction

  • Financial adviser to Australian Vanadium in relation to the project financing of its Gabanintha Project in Western Australia
  • Financial adviser to Vanadium Resources in relation to the project financing of its Steelpoortdrift Project in South Africa
  • Advised a Finnish company in relation to an asset valuation to support investments for the development of its ferro-vanadium project
24
Cr
51.996
Chromium

Chromium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

25
Mn
54.938
Manganese

Manganese

HCF Mandate/Transaction

  • Advised Giyani Metals in relation to the financing strategy for the upcoming development of the K.Hill manganese project in Botswana
27
Co
58.933
Cobalt

Cobalt

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

28
Ni
58.693
Nickel

Nickel

HCF Mandate/Transaction

  • Advised Sunrise Energy Metals in relation to the project financing of its CleanTeQ nickel, cobalt and scandium project in Australia
  • Advised IGE Resources AB in relation to a secured convertible credit facility with Waterton Global Value LP
29
Cu
63.546
Copper

Copper

HCF Mandate/Transaction

  • Advised Turquoise Hill Resources in relation to the project financing of the Oyu Tolgoi copper-gold project in Mongolia. The project financing was in excess of US$ 4.4 billion and Oyu Tolgoi was the first project financing in Mongolia and, at the time, the largest project finance transaction completed in the mining sector
  • Advised Ivanhoe Mines in relation to the US$ 210 million equipment financing at its Kamoa-Kakula copper project in the DRC
  • Advised Ivanhoe Mines in relation to the strategic partnership with Rio Tinto to develop Oyu Tolgoi copper-gold project, including the disposal of up to 19.9% in Ivanhoe Mines Ltd
30
Zn
65.38
Zinc

Zinc

HCF Mandate/Transaction

  • Advised ZincOx Resources in relation to its equity raise of £ 6.3 million to fund the initial development costs of its waste recovery plant in South Korea, as well as to roll out its technology to the US, Turkey and Thailand
  • Advised ZincOx Resources in relation to the raising of US$ 72 million in equity and US$ 48m through three-year bond facility
  • Advised a TSX-listed entity on its acquisition of a zinc mine in Africa
32
Ge
72.631
Germanium

Germanium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

33
As
74.922
Arsenic

Arsenic

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

37
Rb
85.468
Rubidium

Rubidium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

38
Sr
87.62
Strontium

Strontium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

39
Y
88.906
Yttrium

Yttrium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

40
Zr
91.224
Zirconium

Zirconium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

41
Nb
92.906
Niobium

Niobium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

42
Mo
95.95
Molybdenum

Molybdenum

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

44
Ru
101.07
Ruthenium

Ruthenium

HCF Mandate/Transaction

  • Advised Ivanhoe Mines in relation to the up to US$ 1.0 billion in project finance funding for the development of the Platreef PGM mine. Ivanhoe Mines instead secured US$ 300 million in stream financing from Orion Mine Finance and Nomad
  • Advised PGM Ventures in relation to the disposal by an independent shareholder of their stake in the company
45
Rh
102.906
Rhodium

Rhodium

HCF Mandate/Transaction

  • Advised Ivanhoe Mines in relation to the up to US$ 1.0 billion in project finance funding for the development of the Platreef PGM mine. Ivanhoe Mines instead secured US$ 300 million in stream financing from Orion Mine Finance and Nomad
  • Advised PGM Ventures in relation to the disposal by an independent shareholder of their stake in the company
46
Pd
106.42
Palladium

Palladium

HCF Mandate/Transaction

  • Advised Ivanhoe Mines in relation to the up to US$ 1.0 billion in project finance funding for the development of the Platreef PGM mine. Ivanhoe Mines instead secured US$ 300 million in stream financing from Orion Mine Finance and Nomad
  • Advised PGM Ventures in relation to the disposal by an independent shareholder of their stake in the company
49
In
114.818
Indium

Indium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

50
Sn
118.711
Tin

Tin

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

51
Sb
121.760
Antimony

Antimony

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

52
Te
127.6
Tellurium

Tellurium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

55
Cs
132.905
Cesium

Cesium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

72
Hf
178.49
Hafnium

Hafnium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

73
Ta
180.948
Tantalum

Tantalum

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

74
W
183.84
Tungsten

Tungsten

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

75
Re
186.207
Rhenium

Rhenium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

76
Os
190.23
Osmium

Osmium

HCF Mandate/Transaction

  • Advised Ivanhoe Mines in relation to the up to US$ 1.0 billion in project finance funding for the development of the Platreef PGM mine. Ivanhoe Mines instead secured US$ 300 million in stream financing from Orion Mine Finance and Nomad
  • Advised PGM Ventures in relation to the disposal by an independent shareholder of their stake in the company
77
Ir
192.217
Iridium

Iridium

HCF Mandate/Transaction

  • Advised Ivanhoe Mines in relation to the up to US$ 1.0 billion in project finance funding for the development of the Platreef PGM mine. Ivanhoe Mines instead secured US$ 300 million in stream financing from Orion Mine Finance and Nomad
  • Advised PGM Ventures in relation to the disposal by an independent shareholder of their stake in the company
78
Pt
195.085
Platinum

Platinum

HCF Mandate/Transaction

  • Advised Ivanhoe Mines in relation to the up to US$ 1.0 billion in project finance funding for the development of the Platreef PGM mine. Ivanhoe Mines instead secured US$ 300 million in stream financing from Orion Mine Finance and Nomad
  • Advised PGM Ventures in relation to the disposal by an independent shareholder of their stake in the company
83
Bi
208.980
Bismuth

Bismuth

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

57
La
138.905
Lanthanum

Lanthanum

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

58
Ce
140.116
Cerium

Cerium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

59
Pr
140.908
Praseodymium

Praseodymium

HCF Mandate/Transaction

  • Financial adviser to Arafura Resources in relation to the project financing for its Nolans rare earth project in Australia
60
Nd
144.243
Neodymium

Neodymium

HCF Mandate/Transaction

  • Financial adviser to Arafura Resources in relation to the project financing for its Nolans rare earth project in Australia
61
Pm
144.913
Promethium

Promethium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

62
Sm
150.36
Samarium

Samarium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

63
Eu
151.964
Europium

Europium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

64
Gd
157.25
Gadolinium

Gadolinium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

65
Tb
158.925
Terbium

Terbium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

66
Dy
162.500
Dysprosium

Dysprosium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

67
Ho
164.930
Holmium

Holmium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

68
Er
167.259
Erbium

Erbium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

69
Tm
168.934
Thulium

Thulium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

70
Yb
173.055
Ytterbium

Ytterbium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

71
Lu
174.967
Lutetium

Lutetium

Designated Critical Raw Material

Critical minerals and critical materials have been identified by various governments and governing bodies, such as the EU, Canada, Australia, the United States, Japan and China. The definition of a “critical mineral” or “critical material” is not entirely consistent among the groups, however the lists are typically generated based on the scarcity, supply chain risk, application to the energy transition, use in manufacturing, or economic impact of the mineral or material.

One of HCF’s core competencies is securing financing for companies looking to extract, process and/or refine these commodities.

92
U
238.029
Uranium

Uranium

HCF Mandate/Transaction

  • Financial adviser to Global Atomic Corp in relation to the project financing of its Dasa uranium project in Niger
  • Financial adviser to a TSX-listed entity in relation to the project financing of their Uranium project in Saskatchewan, Canada

Critical minerals are the foundation of the Energy Transition, allowing for the manufacture of batteries, electric vehicles, and renewable and clean energy generation. As governments around the world have and continue to embrace a net zero future, it is imperative that critical mineral value chains are established and promoted. The list of minerals deemed critical is not ubiquitous, and depends on geography, industry and technological advancements. Further, each technology requires a unique combination of raw materials. For example, copper and aluminium are critical for electrical transmission and distribution, with copper being used in almost all electricity-related applications. Electric vehicles and batteries require graphite, lithium, cobalt, nickel and rare earth elements. Renewable energy technologies need manganese, platinum group metals, rare earths, indium and tellurium. Other elements, like uranium, support the nuclear power industry and potash is an essential mineral to support sustainable land use, feed increasing populations and ensure food security.

HCF has extensive experience providing advisory and structured finance solutions to critical minerals projects. Given our work on several critical minerals mandates, we bring an up-to-the-minute view of where financiers are positioned and can assess the bankability of your project and identify the best financing strategy and funding instruments to bring it to production.