Energy & Minerals Group and Vision Blue Invest $150M in Serra Verde

The Energy & Minerals Group Majority Investment in TerraVolta Resources

June 10, 2024

Energy

The Energy & Minerals Group (EMG) made a substantial equity commitment in TerraVolta Resources, becoming the majority owner and accelerating TerraVolta's development of a flagship lithium project in the Smackover formation across Texas and Arkansas. The investment funds TerraVolta's appraisal and piloting work toward commercial U.S. lithium production to support domestic battery supply chains.

Energy & Minerals Group Rolls Two Midstream Assets into $1.1B Continuation Vehicle

April 17, 2025

Energy

The Energy & Minerals Group (EMG) closed a $1.1 billion continuation vehicle that included two undisclosed midstream infrastructure assets rolled out of EMG Fund II and Fund IV. All new equity for the continuation vehicle was provided by a prominent (but undisclosed) private equity investor; Setter Capital acted as EMG's financial advisor and JPMorgan provided debt financing.

Petro-Victory Energy and BlueOak Investments Acquire Capixaba Energia

April 29, 2025

Energy

Petro-Victory Energy Corp., in partnership with financial backer BlueOak Investments, has completed the acquisition of Capixaba Energia LTDA, a producing onshore oil and gas asset in the Espírito Santo Basin that is currently producing ~400 boe/d. Under the joint venture agreement Petro-Victory will operate the assets and hold an initially nominal equity interest that can increase to 20% and then 50% upon achievement of performance milestones, while BlueOak has funded initial payments and committed additional capital expenditures.

Sev.en Global Investments Agrees to Acquire 51% of Coronado Global Resources (Agreement Terminated)

June 24, 2024

Energy

In September 2023 Sev.en Global Investments signed a binding agreement to acquire a 51% interest in Coronado Global Resources Inc. from affiliates of The Energy & Minerals Group, subject to customary regulatory approvals. Coronado is a major metallurgical-coal producer with operations in Queensland, Australia and the Central Appalachian region of the United States; EMG terminated the agreement in June 2024 after certain conditions (including FIRB approval) were not satisfied by the outside date.

Eagle Summit Resources Acquires Reflectance Energy

October 8, 2025

Energy

Eagle Summit Resources, LLC purchased Reflectance Energy, LLC and will operate the acquired Reflectance coal mining complex under the new name Eagle Mountain Energy, LLC. The acquisition adds more than two million tons of annual metallurgical coal production capacity in Wyoming County, West Virginia and strengthens ESR's position among the top U.S. metallurgical coal producers; the deal was accompanied by a new term loan facility from Valor Mining Credit Partners (managed by Breakwall Capital in partnership with Vitol) and an exclusive marketing agreement with Vitol for export volumes.

Energy Fuels Acquires Base Resources

October 2, 2024

Energy

Energy Fuels Inc. completed the acquisition of Base Resources Limited in an all-share deal valued at approximately US$178.4 million, securing the Toliara Project in Madagascar and Base's heavy mineral sands capabilities. The acquisition provides Energy Fuels with additional monazite feedstock for rare earth element processing, potential titanium and zirconium production, and expands its critical minerals and supply-chain capabilities for clean-energy and defense markets.