- CEO
- Jonathan Forrester Lamb
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 7 Bryant Park New York City NY United States of America 10018
- IPO Date
- Nov 5, 2021
- Business
- Rigel Resource Acquisition Corp Rigel Resource Acquisition Corp (RRAC-UN) is a blank check company, or special purpose acquisition company, focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses in the global mining industry, including operators of mines and providers of ancillary services such as innovative mineral processing technologies; it targets companies in base and precious metals, green and battery metals, and industrial minerals to support reductions in global greenhouse gas emissions through the metals value chain. The company, incorporated in 2021 and headquartered in New York, New York, operates primarily through its sponsor Orion Mine Finance Fund III, managed by Orion Resource Partners, with geographic focus on mining assets worldwide, notably in South Africa. Its main products and services encompass structured financing agreements, operational optimization for legacy mining assets, production enhancement protocols, cost management strategies, and consolidation of fragmented ownership into publicly traded structures via business combinations. In recent developments, Rigel Resource Acquisition Corp pursues a definitive business combination with Aurous Resources centered on the Blyvoor gold mine, a long-life underground operation on South Africa's Witwatersrand belt operational since 1942; it announced the effectiveness of its registration statement and a special shareholder meeting for the proposed merger in 2025, received a NYSE delisting notice in November 2024 amid the ongoing process, and continues to attract institutional investments including from Berkley W R Corp in September 2025.