RCF Acquisition, a blank check company formed by Resource Capital Funds targeting the critical minerals value chain, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by Chairman James McClements, co-founder and Managing Partner of mining private equity firm Resource Capital Funds, and CEO and Director Sunny Shah, who most recently was Managing Director and Head of the EMEA Metals and Mining investment banking division at Goldman Sachs International. The company plans to target assets or businesses of scale across the critical minerals value chain that are poised to benefit over the long-term from the market opportunity created by global energy transition.
RCF Acquisition plans to list on the NYSE under the symbol RCFA.U. Citi and Barclays acted as joint bookrunners on the deal.
