Video: How geopolitics is opening up downstream funding for miners

ETMS DC Missing Middle Panel April 29 2024Members of the Missing Middle Panel discussed paths from raw materials to industry. Credit: Penda Productions

FPX Nickel (TSXV: FPX; US-OTC: FPOCF) is attuned to companies seeking geopolitical certainty in their metals as well as a high environmental social and governance score and low carbon footprint, CEO Martin Turenne told a panel at The Northern Miner’s Energy Transition Metals Summit in Washington, D.C.

“These are aspects of the critical mineral supply chain that resonate very much with downstream users and producers of the final products, but not so much in terms of the conventional mining investment landscape,” Turenne said during the April 29 session. “We have found it much easier to find capital and partnerships from downstream users.”

The Missing Middle panel, moderated by Kendra Johnston, managing director of Toronto-based PearTree Securities, heard Tina Jeffress, group manager at Panasonic, tell how the Japanese company sees the United States market as its largest opportunity for growth.

Alex Fitzsimmons, head of government affairs at battery maker Sila, said the company is lowering cost, expanding range and quickening charging times by combining carbon graphite with silicon. Ian London, executive director at the 20-member Canadian Critical Minerals Alliance, said the West can’t supply all the metals it needs so maybe it should try to build its industry by learning from Chinese producers who’ve solved problems.

The summit, run in coordination with Precious Metals Summit Conferences, attracted some 500 delegates and 64 companies over April 29-30. Other speakers included Rob McEwen of McEwen Mining (TSX: MUX; NYSE: MUX), Cameco (TSX: CCO; NYSE: CCJ) CEO Tim Gitzel and Hecla Mining (NYSE: HL) CEO Phil Baker. 

Watch the full panel discussion below:

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