Pandion Mine Finance, an investment firm backed by MKS PAMP Group and Ospraie Management, that provides flexible financing solutions to developing mining companies, has closed its inaugural fund, Pandion Mine Finance Fund (PMFF) at USD175 million.
Pala Investments Limited committed capital to PMFF.
PMFF seeks to identify attractive investment opportunities with typical investment size ranging from USD10 million to USD40 million. To date, PMFF has committed nearly USD60 million to four junior mining companies: Lupaka Gold Inc; Gowest Gold Ltd; FMS Investimentos e Participações LTDA; and Firesteel Resources Inc.
Ryan Byrne and Joseph Archibald, Co-Founders of Pandion, says, “We are pleased with the support we received for our debut fund from sophisticated global institutions and our founding partners MKS PAMP and Ospraie. Our highly experienced team, deep understanding of mining companies’ needs, and strong industry relationships have created a pipeline of distinctive investment opportunities.”
