US activist investor Elliott Investment Management is setting up a company to hunt for mining assets worth more than $1 billion, according to sources familiar with the matter.

Elliott’s new venture, called Hyperion, would have a mandate to buy across all assets, including base and precious metals and commodities used in electric vehicles, the sources said on condition of anonymity. The new venture will be led by former Newcrest Mining CEO Sandeep Biswas, they added.

The Financial Times first reported the news.see & read more on
https://kitco.com/news/off-the-wire/2024-02-23/elliott-management-plans-spend-over-1-billion-mining-assets