Funds management giant Regal is actively seeking investors for a substantial $20 million capital-raising effort to acquire a royalty over a bauxite operation in Northern Queensland, according to sources close to the deal.
Regal Funds Management, established in 2004, is one of Australia's most recognised and awarded alternative investment managers. With offices in Sydney, Singapore, and New York, Regal manages investments for various institutions, family offices, foundations, and private investors domestically and internationally.
As a pioneer in Australia's hedge fund and alternatives industry, Regal boasts one of the largest fundamental research teams in the Asia-Pacific region. The firm offers multi-award-winning investment strategies across long/short equities, private markets, and credit & royalties.
The Regal Resources Royalties Fund, with a substantial $204 million under management, has reportedly finalised terms to secure a 2.3 per cent uncapped royalty on the Skardon River tenements. These tenements are owned by Metro Mining, a company listed on the Australian Securities Exchange (ASX), as revealed in fund-raising documents reviewed by this column.
Metro Mining Limited is an Australian mining and exploration company based in Brisbane, Queensland. Metro's flagship project is the Bauxite Hills Mine, a single-operating mine that combines two Environmental Authorities covering the Bauxite Hills and Skardon River tenements. The mine has an estimated reserve of 89.5 million tonnes (Mt) and a total resource of 124.5 Mt. It has been operating since April 2018.
This strategic move underscores Regal's continued focus on expanding its portfolio within the lucrative mining sector, leveraging significant investor interest in the high-demand bauxite industry.
Responses
