The Energy & Minerals Group Majority Investment in TerraVolta Resources

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

January 11, 2023

Energy

The Energy & Minerals Group (EMG) and Vision Blue Resources (VBR) have invested US$150 million into Serra Verde Pesquisa e Mineração Ltda., a Denham Capital portfolio company developing an integrated rare earth element (REE) mining and processing operation in Minaçu, Goiás, Brazil. The capital funds completion of Phase I construction and commissioning, de-risks the project to production and cash flow, and supports further optimization and potential Phase II expansion to supply REEs used in permanent magnets for EVs and wind turbines.

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.

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.

Generate Capital Acquires esVolta to Expand Battery Storage and Grid Resilience

July 21, 2022

Energy

Generate Capital has acquired utility-scale battery storage developer esVolta LP, adding a portfolio of more than 900 MWh of operational and contracted projects and a pipeline across multiple U.S. states and Canada. The deal gives Generate entry into the front-of-the-meter battery storage market to expand its grid-connected storage capabilities and accelerate deployment of energy storage projects for utilities and offtakers.

Magnetic Holdings (Tinicum) Acquires Electron Energy Corporation

August 1, 2024

Manufacturing

Magnetic Holdings, a portfolio company backed by Tinicum, has acquired Electron Energy Corporation (EEC), a U.S. manufacturer of samarium‑cobalt and rare‑earth magnets. The Walmer family retained a significant minority stake and Michael Walmer joined Magnetic Holdings' board; financial terms were not disclosed. The deal creates a vertically integrated group of magnet businesses serving aerospace, defense, medical, semiconductor, energy, and industrial end markets.

Shell USA, Inc. Acquires Volta Inc.

March 31, 2023

Energy

Shell USA, Inc., a subsidiary of Shell plc, has completed the all-cash acquisition of Volta Inc., adding Volta’s EV charging and digital out-of-home media network to Shell’s mobility business. The deal, approved by Volta stockholders and cleared by regulators, transfers Volta’s charging-and-media operations into Shell’s U.S. mobility organization.