Podcast: Nth Cycle and Kensington Capital VI (KCA.U) on the Critical Minerals Refining Gap

On this week’s podcast, we speak with Megan O’Connor, CEO of Nth Cycle, and Justin Mirro, CEO of Kensington Capital Acquisition Corp. VI (NYSE:KCA.U). The two announced a $585 million business combination in July.

A number of transactions have brought rare earth miners public at a time of acute need due to trade snares and growing awareness of their strategic importance. But, the biggest missing piece in the critical minerals space is arguably not in the exploitation of these resources, but rather on the refining side.

Megan explains how the company has developed a modular refining solution that is built to hit the ground running in the industry, and how the company has set itself up with multiple revenue models for both resiliency and growth.

Justin lays out how this unique setup, along with the structure of the deal itself, hold what he believes are the ideal properties that SPAC transactions are built for.

Give it a listen.