Appian Capital Advisory is in talks with the European Bank for Reconstruction and Development and other institutions on funds to invest in critical minerals projects, Paulo Castellari, the firm’s chief executive for critical minerals, told Reuters in Sydney. An EBRD spokesperson confirmed that discussions with Appian are ongoing and said the bank does not comment on potential transactions before they are concluded. No scale was stated.
The model is the firm’s existing development finance partnership. Appian’s 1 billion dollar joint fund with the International Finance Corporation, in which the IFC anchored with an initial 100 million dollars, was described by Castellari as a blueprint for further deals, and an EBRD version would extend that structure toward European supply chain priorities.
The talks sit inside the deployment plan covered on this site on October 29, when chief executive Michael Scherb said Appian intends to deploy 5 billion to 7 billion dollars globally over 12 to 24 months, with about 2 billion dollars for Africa, while warning that policy uncertainty is pushing capital toward Latin America. This story is the new development on that position: the firm is now raising partnered, institutionally anchored vehicles rather than only deploying its own fund capital.
No project, country or amount has been attached to the EBRD discussions, so the item should be read as a funding channel opening, not capital committed. The next evidence would be a signed fund with a stated size and a first named project.