ORE INVESTMENTS LTDA

Thesis

Ore Investments is a Brazil-based alternative asset manager founded in 2018, specializing in the mining and natural resources sector. The firm's core strategy is to provide growth capital and structured financing for exploration, development, and production of mining projects and companies. They focus on identifying and investing in mining assets across various commodities and project stages, with a strong emphasis on long-term value creation. Ore Investments actively seeks opportunities in exploration, geological discovery, environmental licensing, construction, mine operation, and reactivation, with a particular interest in early-stage and smaller assets in the construction phase. The firm prioritizes responsible operations with strong ESG standards. Geographically, Ore Investments primarily focuses on Brazil but intends to expand to other South American countries like Peru, Chile, and Argentina with a potential second fund. The firm raised over R$250 million (approx. US$19.2 million) for its first fund in February 2021 and was planning a second fund in 2024 with US$100 million to US$150 million. As of September 2022, they had disbursed and committed 100 million reais (US$19.2 million) and had another 200 million reais available for new investments. Specific check sizes per investment deal are not detailed, but their fundraising capacity suggests significant investment potential.