We intend to pursue an initial business combination with a target in the global mining industry, including operators of mines and providers of ancillary services, subject to certain limitations as described in this prospectus. This may include “green” and/or battery metals and industrial minerals mining operators, and ancillary service providers delivering innovative mineral processing technologies, or battery material technologies. (Incorporated in the Cayman Islands)

Oscar Lewnowski, the chairman of our board of directors, is the founder and CIO of Orion Resource Partners. Orion is one of the most experienced global private equity investors within the metals and mining sector, whose capital is primarily used to finance the construction of mid- to late-stage mining and minerals projects through a combination of debt, equity and production-linked investments (e.g., royalties, streams and offtakes). Orion’s ability to create numerous investment combinations provides its portfolio companies with flexible and comprehensive financing solutions. Since the inception of Orion Mine Finance Fund I in 2012, Orion has invested or committed more than $5.0 billion to 76 portfolio companies, with a primary commodity focus on precious metals, base metals and other minerals. 

(Rigel Resource Acquisition Corp. upsized its SPAC IPO at pricing on Nov. 4, 2021, to 27.5 million units, up from 25 million units in the prospectus, at $10 each to raise $275 million.)