Chairman’s Letter

Dear Partners and Stakeholders,

Since 2011, Steencore has operated with a clear mandate: to build a disciplined, transparent platform dedicated to the responsible supply of critical minerals. What began as a trading business has evolved into an integrated group financing, developing, and delivering the metals essential to electrification, renewable infrastructure, and advanced technologies.

Global demand for copper, cobalt, nickel, and related materials continues to accelerate, while supply remains constrained by capital intensity, geopolitical complexity, and elevated ESG requirements. In this environment, institutional governance, structured capital deployment, and value-chain oversight are essential.

In 2025, Steencore completes its transition into a Luxembourg-domiciled SECAV RAIF, strengthening our governance architecture and aligning the platform with the expectations of banks, insurers, and long-term capital partners.

Our objective remains clear: to serve as a reliable bridge between resource jurisdictions and global industry, delivering resilient, traceable, and responsibly managed supply chains.

The coming decade will be decisive for critical minerals. Steencore is positioned to contribute with discipline, scale, and long-term commitment.

Warm regards,
Anthony Y. Warnaars
Chairman, Steencore Group


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