A dedicated fund for Ireland's critical minerals

Institutional capital for strategic Irish mineral development.

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The Irish Minerals Fund (IMF) is an Irish limited partnership sponsored and managed by private investment firm, Lionhead. The Fund is anchored by a €30 million cornerstone commitment from the Ireland Strategic Investment Fund (ISIF), Ireland’s sovereign development fund. IMF invests in metals and mining projects in Ireland that are critical to the energy transition, economic growth and strategic security. We partner as a minority investor, bringing long-term capital and a proven disciplined commercial approach. The Fund focuses on high-quality assets and aligned teams, supporting responsible development and value creation over the life of each project.

Investment strategy

  • IMF invests exclusively in Ireland, focusing on metals and materials that support the energy transition and supply chain security.
  • We target projects with proven mineral endowment, credible operators and clear pathways to development.
  • IMF invests on a minority basis, working alongside management teams to strengthen governance, execution discipline and long-term value.
  • Our approach prioritises robust technical diligence, responsible environmental and social standards, and durable community support.
  • We underwrite commercial returns, while recognising the strategic role that critical minerals play in Ireland’s industrial resilience and economic development.

IMF partners

Lionhead is a private investment firm focused on natural resources and real assets. For over a decade, Lionhead has invested across the metals and materials value chain, partnering with institutions, family offices and high-quality operating teams. The firm brings disciplined underwriting, specialist sector expertise and an active governance approach. As sponsor and investment advisor to the Fund, Lionhead applies rigorous technical and commercial diligence, structured investment execution and long-term stewardship across the portfolio.

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The Ireland Strategic Investment Fund (ISIF) is Ireland’s sovereign development fund, managed and controlled by the National Treasury Management Agency (NTMA). ISIF invests on a commercial basis with the objective of supporting economic activity and employment in Ireland. As anchor investor in the Irish Minerals Fund, ISIF provides a long-term capital base aligned with Ireland’s strategic priorities, while maintaining the commercial discipline expected of a sovereign investment institution.

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Our portfolio

01

Minco Exploration PLC

Untapping the potential of the Irish Midlands Orefield

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02

Shanoon Resources 

Revitalising Ireland’s zinc production

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