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About ACG

ACG Acquisition Company is a special purpose acquisition company (SPAC) aiming to benefit from favourable price conditions for new economy metals and other mining materials.

Investment Opportunity

      • Sectoral Focus: The Company intends to target mining assets that have the potential for an attractive return for shareholders. These include, but are not limited to, “new economy” or “green” metals assets such as copper, nickel, cobalt, rare earth minerals, and lithium, which are undergoing a structural increase in demand as the world shifts to a low-carbon economy. The Company may also consider assets producing other metals, where the value proposition is compelling.
      • Geography: The Company will evaluate opportunities in the metals and mining sector globally with a particular focus on emerging markets, which benefits from high levels of supply, capitalising on the need for resource security and geographic supply diversification. The Company will not invest in the Russian Federation.
      • Production Profile: The Company intends to focus on opportunities involving assets already in production, close to first production, or those in the advanced development stages where feasibility studies have been undertaken.

      The Company’s co-sponsors are; 1) ACG Mining Limited, a BVI business firm whose main shareholder is Artem Volynets, 2) De Heerd Investments Limited, a Hong Kong-based asset manager with an extensive track-record of global investments, and 3) a trading entity managed by Argentem Creek Partners LP, an emerging markets specialist firm investing in special situations, private credit, high yield, and trade finance.

      IXM entered into a Forward Purchase Agreement with the Company for an aggregate amount of up to $100 million, in a private placement that would occur simultaneously with the closing of the final acquisition, subject to the final decisions of IXM Investment Committee and the Company Board. IXM is one of the largest traders of physical non-ferrous metals and a wholly-owned subsidiary of CMOC, a leading global mining company dual listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange.

      Market Opportunity

      Global consumption of metals (including copper, nickel, lithium, cobalt, rare earths and others), is characterized by a growing imbalance between supply and demand, leading many to predict a new supercycle in commodities. Supply is constrained because of multi-year lead times required to bring a mine into production, combined with reduced levels of investment in new mines globally over the past decade. It is further constrained by the urgent need amongst consumer countries and industries to diversify supply away from Russian sources and realise greater resource security.

      The global energy transition is expected to increase long-term consumption of new economy metals – these are crucial ingredients in clean-energy transport technologies, as well as in wind, solar and nuclear power. Additional demand drivers for metals as a whole include the global revival of commerce post-pandemic; global infrastructure spending initiatives; and significant new increases in defence-industry spending.

      Prevailing market conditions present an opportune moment to invest, as valuations are attractive following recent corrections in the commodities and equity markets. ACG believes that its significant global network in the mining industry will be a key factor in enabling it to quickly identify a significant number of potential acquisition targets.

      ACG’s team has an outstanding global network in the mining industry that will enable it to quickly identify a significant number of potential acquisition targets. The mining universe in these metals is geographically-diversified, and many target assets are privately-held and with relatively limited funding options, especially in an environment of tightening financial conditions.

      ACG is therefore a good fit for these companies - providing them with funding and development opportunities, the benefit of ACG management’s strategic and operational expertise, and the application of rigorous ESG standards in management. The Company is one of few UK/European-listed SPACs focusing on the mining sector.