The Washington State Investment Board (WSIB) has approved an investment of up to $100 million in Sprott Private Resource Streaming and Royalty Annex, managed by Sprott Resource Streaming and Royalty.
Sprott Resource Streaming and Royalty provides specialized forms of capital to the mining sector on behalf of institutional investors. The streaming and royalty team evaluates investment opportunities globally across a diversified set of commodities, including precious and base metals, as well as battery related and other materials.
The $100 million investment builds on the WSIB’s $200 million commitment to Sprott Private Resource Streaming and Royalty (Fund I). The fund is being created to invest alongside the remaining uncalled capacity of Fund I and is expected to invest in metals/mining commodity streams and royalties.