The European Union (EU) and the European Bank for Reconstruction and Development (EBRD) have partnered to create a new facility to invest in the exploration of critical and strategic raw materials. The facility will provide up to €100 million in equity investments for projects in EU member states and selected EBRD countries.
Key points:
- Purpose: To reduce reliance on external suppliers of critical raw materials and support the EU’s green and digital transitions.
- Funding: A combined €50 million from the EU and EBRD will leverage an additional €50 million in investments.
- Focus: Early-stage mining companies engaged in exploration activities in eligible countries.
- Standards: Projects must adhere to strict environmental, social, and governance criteria.
- Part of a larger initiative: The facility is part of the EBRD’s broader Junior Mining Framework, which aims to invest €150 million in early-stage mining companies.
Overall, the partnership between the EU and EBRD signifies a significant step towards securing a stable supply of critical raw materials within Europe.
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