Sibanye-Stillwater, a multinational precious metals mining company, agreed to acquire Atlantic Nickel and Mineração Vale Verde, two Brazilian battery metals-focused firms, from Appian Capital, the investment advisor to long-term value focused private equity funds that invest solely in mining and mining-related companies, for $1bn. "These exits – the fourth and fifth from Appian this year – further underline the strength of our unique operating model, with our ability to identify, acquire and develop projects effectively. Sibanye will be a great custodian for this asset base, and with our ongoing exposure I am confident that Atlantic Nickel and MVV will continue to deliver long-term value as well as taking care of its local communities and stakeholders. The transaction also highlights the strong and growing demand for decarbonisation commodities. Appian's portfolio is ideally positioned for its next phase of growth with a major focus on the metals driving the critical global energy transition," Michael W. Scherb, Appian Founder and CEO. On January 24, 2022, Sibanye-Stillwater terminate the deal.