Strata Investment Holdings Plc acquires SCP Resource Finance

Strata Investment Holdings Plc (ASX: SRT) has announced that it intends to acquire SCP Resource Finance, the parent company of SCP Resource Finance LP and SCP Resource Finance GP Inc., for a total purchase price of US$21.25 million. The company intends to settle the acquisition by issuance of newly issued equity.

The acquisition price will also include a cash adjustment estimated between US$8-10 million, further financed through equity issuance at closing. This move, aimed at expanding Strata's investments in the resource sector, aligns with its strategy to create income-generating assets and enhance long-term value. SCP, a notable independent investment dealer in the global mining sector, formed after its management-led buyout from Sprott Inc. in May 2023. SCP focuses on precious and energy transition metals.

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