- Business
- RCF Acquisition Corp. (NYSE: RCFA-UN) is a blank check company sponsored by Resource Capital Funds that seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, focusing on assets or operations across the critical minerals value chain including copper, nickel, lithium, cobalt, manganese, graphite, and rare earths to capitalize on the global energy transition. Incorporated in 2021 as a Cayman Islands exempted company and headquartered in Minneapolis, Minnesota, the company does not have significant current operations and instead pursues de-SPAC transactions with targets poised for long-term growth in clean energy technologies and decarbonization efforts. Its sponsor, Resource Capital Funds, has raised $4.9 billion across multiple funds, invested in over 200 companies across 50 countries and 30 commodities, and provides expertise in mining private equity.
The company offers no proprietary products or services beyond its SPAC structure, which facilitates public market access for critical minerals businesses through standard merger mechanisms; its units, ordinary shares, and warrants trade on the New York Stock Exchange under the symbols RCFA-UN, RCFA, and RCFA.WT.
In recent developments, Perception Capital Partners IV LLC acquired the sponsorship from RCF Sponsor VII LLC in November 2023, leading to plans for a name change to Perception Capital Corp. IV and an extension of the business combination deadline to November 2024. Subsequently, the company entered a definitive business combination agreement with Blue Gold Holdings Limited, a gold mining platform, valuing the transaction at $114.5 million in equity through a share exchange with a newly formed public entity (PubCo), which closed via reverse merger on June 25, 2025. This merger represents a strategic shift from critical minerals focus to gold mining operations, with anticipated NYSE listing for PubCo ordinary shares and warrants, and Tao Tan joining the board.