Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

ADQ and Orion Resource Partners to establish USD 1.2 billion Abu Dhabi-based joint venture to invest in and secure the supply of strategic metals and critical minerals

Published

on

adq-and-orion-resource-partners-to-establish-usd-1.2-billion-abu-dhabi-based-joint-venture-to-invest-in-and-secure-the-supply-of-strategic-metals-and-critical-minerals
  • Orion Abu Dhabi is a 50-50 joint venture established to invest in metals and mining companies and to acquire the physical offtake of strategic materials crucial to supply chain security
  • It will target investments in a range of metals and minerals in various geographies, initially focusing on emerging markets across Africa, Asia and Latin America
  • The newly formed entity will be established in Abu Dhabi Global Market, marking the opening of Orion Resource Partners’ fifth office globally

NEW YORK and ABU DHABI, UAE, Jan. 30, 2025 /PRNewswire/ — ADQ, an active global sovereign investor with a focus on critical infrastructure and supply chains, and Orion Resource Partners (‘Orion’), a leading global investment firm specializing in metals and materials, have entered into an agreement to establish a new Abu Dhabi-based 50-50 joint venture that will make strategic investments in the metals and mining sector to enhance supply chain security both locally and globally. The joint venture partners are committed to deploying an initial USD 1.2 billion of capital over the course of the first four years.

Based out of Abu Dhabi Global Market (ADGM), OMF (ME) JV LP (‘Orion Abu Dhabi’) will work towards investing in mining companies through multiple asset classes, including equity, senior debt and production-linked instruments, such as royalties, streams and offtakes. The joint venture will target investments in a diverse range of metals and minerals in various geographies, initially focusing on emerging markets in Africa, Asia and Latin America.

As part of its investment strategy, Orion Abu Dhabi will secure long-term agreements to source essential minerals, including copper, high grade iron ore, and other key commodities important for global supply chain security and the energy transition.

In line with ADQ’s mission to invest in the development of global business platforms delivering value and long-term financial returns for Abu Dhabi, the joint venture with Orion will be part of ADQ’s recently established Infrastructure & Critical Minerals cluster. Also encompassing ADQ’s investments in prominent local and international firms such as Alpha Dhabi Construction Holding and Plenary Group, the cluster aims to contribute to the resilience of the local economy while enabling the continued growth of the wider investment portfolio in other sectors. Downstream sectors such as manufacturing and clean energy are expected to directly benefit from the sourcing of critical raw materials through Orion Abu Dhabi.

As it builds its investment portfolio over the next years, the joint venture is set to derive added value from ADQ’s strong global reach and standing as well as Orion’s deep sector expertise and transactional excellence.

The new office in Abu Dhabi will expand Orion’s international presence to five offices globally. It will be headed by Philip Clegg who has served as Managing Partner at Orion and brings over 20 years of experience in the natural resources and mining investments to his role.

Hamad Al Hammadi, Deputy Group Chief Executive Officer at ADQ, said: “As a long-term investor, we are committed to ensuring that our portfolio companies are set up for success in an ever-changing operating environment. The establishment of Orion Abu Dhabi is a natural step for us, allowing our companies to execute their ambitious growth plans with the assurance of a resilient supply of essential resources. We are confident that Orion’s specialist expertise and strong global network will be a great asset to this partnership and look forward to our shared journey.”

Oskar Lewnowski, Founder and Group Chief Executive Officer of Orion Resource Partners, said: “Over the past decade, Orion has partnered with leading corporations to finance and advance the sustainable production of the resources that are essential to our society. Through Orion Abu Dhabi, we are bringing our successful partnership model to Abu Dhabi to support the security of critical material supply chains, global decarbonization efforts, and to contribute to long-term value for the UAE economy.”

Philip Clegg, Managing Partner of Orion Abu Dhabi, said: “Orion Abu Dhabi is dedicated to investing responsibly in best-in-class mining projects that produce the materials that underpin global economic growth, focusing on megatrends including urbanization, societal development and the energy transition. We look forward to delivering a meaningful contribution to Abu Dhabi’s economic vision through the development of resilient and adaptable supply chains and contributing to the UAE’s emerging role as a leader in the global green economy.”

ADQ manages over 25 portfolio companies across more than 130 countries. Its portfolio companies operate across key sectors of Abu Dhabi’s rapidly transforming economy, including energy and utilities, food and agriculture, healthcare and life sciences, and transport and logistics.

About ADQ

Advertisement

Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s total assets amounted to USD 225 billion as of 30 June 2024. Its rapidly expanding portfolio encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.

For more information, visit adq.ae or write to [email protected].

You can also follow ADQ on Instagram, LinkedIn and X

About Orion Resource Partners

Orion Resource Partners LP is a global investment firm specializing in the metals and materials critical to sustainable economic growth and the energy transition, with more than $8 billion of assets under management and a team of more than 80 professionals across five global offices. Orion has successfully invested across the metals and materials value chain for over a decade, operating complementary investment strategies spanning the full liquidity spectrum, finding and capturing opportunities driven by the long-term trends of global decarbonization, the constrained supply of critical resources, and advancements in industrial technologies. Orion is a signatory to the UN PRI and the IFC Performance Standards on Environmental and Social Sustainability.

For more information visit www.orionrp.com  

About Orion Abu Dhabi

Orion Abu Dhabi is a 50-50 joint venture established by Orion Resource Partners and ADQ in 2025 to make investments in critical and strategic raw materials. The firm invests in mining and mineral processing companies in various geographies through multiple asset classes including equity, debt, and production-linked instruments, such as royalties, streams and offtakes. The joint venture focuses on a range of strategic minerals that are critical to economic growth, supply chain security and the energy transition.

Logo: https://mma.prnewswire.com/media/2609010/Orion_Abu_Dhabi_Logo.jpg

 

Advertisement

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/adq-and-orion-resource-partners-to-establish-usd-1-2-billion-abu-dhabi-based-joint-venture-to-invest-in-and-secure-the-supply-of-strategic-metals-and-critical-minerals-302364088.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

CoinW Announces 4 Block Sponsorship at Consensus Hong Kong 2025

Published

on

coinw-announces-4-block-sponsorship-at-consensus-hong-kong-2025

HONG KONG, Feb. 13, 2025 /PRNewswire/ — CoinW, a leading global cryptocurrency exchange, is set to make a bold statement at Consensus 2025 as an official 4 Block sponsor, showcasing its dedication to Web3 innovation and blockchain adoption. Attendees can visit booth #3811 to explore CoinW’s latest developments and connect with industry experts.

Beyond the main event, CoinW is hosting an exclusive afterparty at The Henderson – Cloud 39. It will bring together industry pioneers and investors for a night of networking, music, and celebration. With a live DJ and a lineup of performers, the event will mark the official launch of two groundbreaking initiatives: DeriW and WConnect.

Transforming Decentralized Trading 

Built on the DeriW Chain and powered by Arbitrum Orbit L3 and Rollup technology, DeriW is set to redefine perpetual trading with:

  • Zero Gas Fees: Advanced Layer 3 technology enables ultra-fast, cost-efficient transactions.
  • Self-Custodial Wallets: Empowering traders with full control over their funds.
  • Dynamic Liquidity Pools: Real-time market adjustments for seamless, high-volume trading.
  • Referral Rebates: A decentralized rewards system offering up to 50% in rebates.

With the capability to process 7,000 transactions per second, DeriW delivers a secure, scalable, and efficient trading experience.

A Global Hub for Blockchain Innovation 

Next is WConnect, a premier online forum series designed to connect developers, traders, and blockchain communities through in-depth discussions, expert insights, and knowledge sharing. 

  • AI, RWA & DeFi Trends: Exploring the latest innovations shaping the industry.
  • Pro Trading Strategies: Unlocking hidden opportunities and market insights.
  • Layer 1 Ecosystems: Showcasing top blockchain projects and their impact.
  • Project Development Challenges: Lessons from industry-leading builders.
  • Web3 Growth Projections: Analyzing adoption trends and the future of blockchain technology.

WConnect events will be streamed globally on Twitter Spaces, YouTube, and CoinW’s Spot Streaming channel, ensuring accessibility to a worldwide audience.

Join CoinW at Consensus Hong Kong 2025 

As a 4 Block sponsor, CoinW is excited to participate in Consensus Hong Kong 2025, a leading event that unites global leaders in crypto, blockchain, and Web3. This elite annual gathering offers a unique opportunity to engage in pivotal conversations and shape the future of decentralized finance and digital assets.

About CoinW 

Founded in 2017, CoinW is a globally trusted cryptocurrency exchange serving over 13 million users in 14 countries. With cutting-edge technology, advanced security, and a focus on empowering blockchain innovation, CoinW supports communities worldwide in realizing the transformative power of digital assets.

Advertisement

Twitter Official:https://twitter.com/CoinWOfficial
Research Institute Telegram: https://t.me/CoinW_Research
Telegram EN: https://t.me/coinwoff
Telegram Announcement Official: https://t.me/coinwofficialchannel
YouTube Official: https://www.youtube.com/@CoinWOfficial

Safe & Secure Crypto Exchange - CoinW

Photo – https://mma.prnewswire.com/media/2618620/Consensus_Hong_Kong_2025.jpg

Logo – https://mma.prnewswire.com/media/2618621/CoinW_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/coinw-announces-4-block-sponsorship-at-consensus-hong-kong-2025-302374918.html

Continue Reading

Fintech PR

Finmo Secures US$18.5 Million To Revolutionize Treasury Management

Published

on

finmo-secures-us$18.5-million-to-revolutionize-treasury-management
  • Oversubscribed Series A Funding Round Was Co-Led By Quona Capital and PayPal Ventures with Participation from Citi Ventures
  • Finmo Will Use Funds to Accelerate Product Development and AI Capabilities and Expand Global Reach

SINGAPORE, Feb. 12, 2025 /PRNewswire/ — Finmo, the pioneering all-in-one Treasury Operating System (TOS), today announced its successful oversubscribed $18.5 Million Series A funding round, bringing its total funding to US$27 million. This investment underscores the growing demand for an innovative approach to modern treasury management. With the new funding, Finmo plans to accelerate its product development, invest in AI capabilities, and expand its global reach. The company aims to continue delivering cutting-edge solutions that not only improve operational efficiency but also empower organizations to make informed financial decisions by better harnessing the power of its treasury operating system.

The funding round was co-led by prominent investors Quona Capital and PayPal Ventures with participation from Citi Ventures. Known for their investment focus on cutting-edge fintech companies, these investors’ support is a strong validation of Finmo’s value proposition. Finmo offers a unified platform that addresses the complexities of modern treasury operations.

The Finmo TOS is uniquely designed to address the need for effective treasury management in a global context. It streamlines payment processes, enhances cash flow visibility, manages FX risks, ensures compliance, automates manual tasks, and optimizes financial decision-making, including excess liquidity management. With features such as real-time payment capabilities, modular design for scalability, and a strong emphasis on regulatory compliance, Finmo empowers organizations to optimize their cash management, enhance liquidity, and mitigate financial risks—all within a single platform.

Today’s organizations are global players that demand integrated solutions to streamline their treasury functions. Finmo was developed with a first-hand understanding of what treasurers and CFOs need, ensuring that the platform addresses real-world challenges faced by finance professionals today.

“We are thrilled to have the support of esteemed investors such as PayPal Ventures, Quona, and Citi Ventures,” said David Hanna, CEO and Co-Founder of Finmo. “This funding validates our vision of transforming how global businesses manage their treasury function and enables us to scale our platform, enhance our technology further, and expand into new markets. Underpinning all these developments will be our continued commitment to focus on our customers’ evolving needs to enhance operational efficiency, risk mitigation, and strategic financial decision-making.”

Ashish Aggarwal, Partner at PayPal Ventures, said, “Finmo is redefining treasury operations. Their innovative approach addresses critical pain points faced by businesses in today’s dynamic financial landscape. We are proud to support their journey as they continue to deliver transformative solutions that empower organizations globally.”

“Finmo’s innovative Treasury Operating System addresses critical pain points for businesses operating in multiple geographies, empowering them with seamless cash and FX management capabilities,” said Ganesh Rengaswamy, Co-Founder and Managing Partner at Quona, which co-led the Series A. “With their exceptional founding team and strong financial discipline, we believe Finmo is well-positioned to redefine how businesses manage payments, liquidity and risk, and we are excited to support their vision to revolutionize treasury management and cross-border payments for businesses across APAC and beyond.”

About Finmo

Finmo is a global treasury operating system that empowers businesses to manage cross-border payments, optimize liquidity, and navigate financial complexities with ease. Founded in 2021, Finmo is committed to simplifying treasury operations for businesses of all sizes.

For more information about Finmo and its mission to redefine global treasury operations, visit www.finmo.net.

Photo – https://mma.prnewswire.com/media/2616437/Finmo_Founders_Photo.jpg
Logo – https://mma.prnewswire.com/media/2616495/Finmo_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/finmo-secures-us18-5-million-to-revolutionize-treasury-management-302373124.html

Advertisement
Continue Reading

Fintech PR

Japan’s Leading Crypto Tax Service, cryptact, Now Available in Canada – Trusted Reports from US$22.50

Published

on

japan’s-leading-crypto-tax-service,-cryptact,-now-available-in-canada-–-trusted-reports-from-us$22.50

As Japan’s top crypto tax service, trusted by more than 150,000 users since 2017, cryptact is now available in Canada – offering reliable tax reports at a campaign price of US$22.50. Founded by former Goldman Sachs executives, cryptact brings institutional-grade expertise to simplify cryptocurrency tax filing with accuracy and efficiency.

TORONTO, Feb. 12, 2025 /PRNewswire/ — pafin Inc. (Co-CEOs Amin Azmoudeh and Gaku Saito), the provider of cryptact, a leading cryptocurrency calculation service for tax filing, today announced its official launch in Canada. Founded by former Goldman Sachs executives with extensive experience in finance and investment, cryptact leverages institutional-level expertise to deliver accurate and efficient crypto tax solutions.

To mark this milestone, cryptact is offering a 50% discount on paid plans until April 30, 2025.

Key Features of cryptact

  • Japan’s leading crypto tax service: since 2017, cryptact has been the most trusted crypto tax service in Japan, serving more than 150,000 users. Developed by a multicultural startup based in Tokyo, it is built by a team of experts in finance, technology, and blockchain.
  • Wide support for exchanges and coins: cryptact supports 24,000+ cryptocurrencies across 137 exchanges and blockchains, offering one of the broadest coverages among crypto tax service providers.
  • Comprehensive free access: users can start calculating capital gains, losses and income for exchanges, DeFi, and NFTs, and import up to 100,000 transactions per year – all for free.
  • The most affordable tax reports: with a 50% discount, “Basic” plan, normally priced at US$45, is now available for just US$22.50 – offering one of the best values among crypto tax service providers.
  • All past tax years covered: by purchasing an annual subscription, users can calculate profit and loss for any year, making it an accessible option for those filing a tax return for the first time.
  • Accurate and reliable calculations: developed in collaboration with MetaCounts, a Canadian crypto tax expert, cryptact provides precise calculations for a wide range of transaction types.
  • Automatic identification of DeFi and NFT transaction types: users can simply input a wallet address, and cryptact will automatically import all transaction history and identify transaction types, significantly reducing manual work.
  • Seamless transition from other services: no past transaction history is required. Users can get started by entering only the cryptocurrencies held as of January 1st of the tax year and their cost basis.

Service page: start using our services for free with just your email address.

https://www.cryptact.com/en

About the Canada Launch Campaign

  • Eligible Users: Residents of Canada
  • Offer: 50% off on new purchases or plan upgrades for all plans (excluding the Data Retention Plan)
  • How to Apply the Discount: No coupon code required – simply sign up via the service page above, and the discount will be automatically applied at checkout.
  • Offer Period: February 12, 2025April 30, 2025, 23:59 EDT

Future Outlook

“We are committed to continuously improving our services to meet the evolving needs of our users. As a trusted partner for cryptocurrency users in Canada, we will expand support for additional cryptocurrencies, exchanges, and blockchains while introducing new features to further enhance our user experience.” said Amin Azmoudeh, Co-CEO, pafin Inc.

Leadership Profiles

cryptact founder: Amin / Gaku

Amin Azmoudeh, Co-CEO

After graduating with a BS in Computer Science and a BA in Japanese from the University of Maryland in 2003, Amin joined Goldman Sachs Tokyo as the sole technologist of Tokyo’s GSPS team, a principal strategies unit managing the firm’s capital. In 2005, he changed careers to become a financial analyst with GSPS, and in 2007, he transferred to GSIP (Goldman Sachs Investment Partners) as part of the spin-out of the team into GSAM. As a financial/analyst and portfolio manager, Amin managed listed/unlisted equities, bonds, swaps, interest rate products, foreign exchange, derivatives as well as overall risk management. He was promoted to Managing Director in 2013 and retired from Goldman Sachs on December 31, 2017, to found cryptact.

Gaku Saito, Co-CEO

Advertisement

Having completed a Bachelor’s degree in System Innovation Engineering in 2005 and a Master’s degree in Environmental & Ocean Engineering in 2007 from The University of Tokyo, Gaku joined Goldman Sachs – Asia Special Situations Group, where he executed investments exceeding US$500 million in non-performing and sub-performing loan portfolios, private equity, real estate portfolios, and vessel portfolios. Also, he participated in a number of sponsorship auctions on bankrupt real estate developers. From May 2010 to January 2019, he worked at Goldman Sachs Investment Partners Worked as a portfolio manager at a multi-asset hedge fund, managing an US$800 million portfolio. His main investment strategy was equity long/short in listed companies based on a fundamental approach to building financial models. He also invested in equity derivatives, bond/CDS, FX, and mezzanine loan products. Since February 2019, he has been serving as Co-CEO of cryptact, and in 2021, he was appointed as Chairman of the JCBA Tax Review Department.

About the Team

Cryptact is developed and operated by a diverse, multinational team. With expertise in finance, technology and blockchain, the team brings a global perspective to deliver a trusted and efficient crypto tax service.

https://www.pafin.com/en#team

About pafin Inc.

Services

Cryptact – Crypto tax calculations: Simplified –

Automatically calculate capital gains, access all the information you need for tax filing, and efficiently manage your portfolio — all in one place. Trusted by over 150,000 active users.

https://www.cryptact.com/en

X account: https://x.com/CryptactGlobal

Advertisement

defitact – Your Web3 Sidekick –

defitact allows you visualize, analyze and manage your DeFi assets, NFTs and transactions through a highly intuitive and interactive interface. All features are for free.

https://www.defitact.com/

Company Name: pafin Inc.
Date Founded: January 2018
Rep. Directors: Amin Azmoudeh, Co-CEO / Gaku Saito, Co-CEO
Equity: 1,364M JPY (Including reserve)
Location: Kojimachi HF Building 5F, Kojimachi 3-2-4, Chiyoda City, Tokyo, Japan 102-0083

Contact for public relations and media/press coverage-related inquiries 
[email protected] 

Photo – https://mma.prnewswire.com/media/2618531/1_cryptact_Canada_1200x630.jpg

Photo – https://mma.prnewswire.com/media/2618532/cryptact_founder.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/japans-leading-crypto-tax-service-cryptact-now-available-in-canada–trusted-reports-from-us22-50–302375360.html

Continue Reading

Trending