Cheryl Brandon and Kamal Toor, co-founders and co-managing partners of Toronto-based Kinterra Capital, underscore Canada's significance as a primary target for their recently closed US$565-million Battery Metals Mining Fund. Against the backdrop of increasing investments in electric vehicle (EV) supply chain development in Ontario and Quebec, Brandon and Toor raise critical questions about the domestic supply of essential minerals like nickel, copper, and lithium to support upcoming battery plant and precursor factory operations.
The duo highlights the pressing need for adequate domestic mineral supply to sustain production in these emerging facilities, slated to come online between 2025 and 2026. They view this challenge not only as a pivotal question but also as a substantial investment opportunity. Brandon and Toor stress the importance of addressing the apparent "structural underinvestment" in upstream sectors related to critical minerals mining and early-stage processing and conversion.
In an interview with Electric Autonomy, they explain that despite the burgeoning demand for commodities essential to EV battery manufacturing, there has been a lack of sufficient investment in the foundational stages of the supply chain. This disparity underscores the rationale behind Kinterra Capital's exclusive focus on critical minerals mining and early-stage processing activities through its Battery Metals Mining Fund.
By targeting Canada, Brandon and Toor aim to leverage the country's resource-rich landscape and burgeoning interest in clean energy initiatives. Their fund seeks to bridge the gap between rising demand and inadequate supply by facilitating investments in essential mineral extraction and processing projects. Through strategic investments, Kinterra Capital endeavors to support the growth of Canada's role in the global EV supply chain while capitalizing on the burgeoning opportunities within the battery metals sector.
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