Orion Resource Partners has sold a 25 percent minority stake in Sweetwater Royalties, a base metals and industrial minerals royalty company, to Ontario Teachers' Pension Plan for $221.6 million.
“We are thrilled to be partnering with Ontario Teachers' to continue growing the Sweetwater business and expanding its royalty portfolio. The soda ash market has remained resilient over the past two years, and we are continuing to see robust demand for the future. Sweetwater's assets are particularly well positioned, based off quality, location and rarity of trona ore deposits, to benefit from continued growth in demand,” said Oskar Lewnowski, founder and group CEO of Orion.
Sweetwater currently owns 17 cash flowing royalties across soda ash, renewables and industrial minerals and owns 7 royalties on soda ash and renewables projects under development.
Since Orion established Sweetwater in 2020, the company has made several notable expansions and developments. Specifi
