Ontario Teachers’ Pension Plan was nearing a deal to buy a bundle of battery metals royalties from New York-based Orion Resource Partners.

The project will be developed by privately held Congolese firm Buenassa Sarl and is expected to cost $350 million.

Under the bill, large-scale metallic mining operations within mineral reservations shall be subject to a royalty rate of 4% of the gross output.

Gina Rinehart's Hancock became a substantial shareholder earlier in September and now owns 10.7%

Funds were secured through a crowdfunding campaign, the largest of its kind any company has undertaken in the UK this year.

Cross-regional mining initiative aims for a secure and sustainable European raw materials value chain.

As these cases show, fraudsters went to great lengths to dupe their counterparties with considerable success for some 18 months while they pocketed more than $326m.