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Announced

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OTPP completed the acquisition of a 25% stake in Sweetwater Royalties from Orion Resource Partners for $222m.

Synopsis

Ontario Teachers' Pension Plan, a global investor, completed the acquisition of a 25% stake in Sweetwater Royalties, a base metals and industrial minerals royalty company, from Orion Resource Partners, a global asset management firm, for $222m. "We are excited to partner with Orion in the ownership of Sweetwater and work together to support the growth of the business. Sweetwater has a unique mineral acreage position across the largest natural trona deposit globally and significant growth optionality across its asset base," Christopher Metrakos, OTPP Senior Managing Director of Natural Resources.

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