Ninepoint Raises $81M to Fuel Canada's Resource Boom, Luring Investors

TORONTO, ON – February 26, 2026 – Ninepoint Partners LP has successfully secured over $81 million in its first closing for a new fund designed to capitalize on Canada's burgeoning resource sector while offering significant tax advantages to investors. The Toronto-based alternative investment firm announced today that the Ninepoint 2026 Flow-Through Limited Partnership raised $81,249,675 through the issuance of more than 3.2 million units.

The substantial capital raise highlights robust investor appetite for tax-efficient investment vehicles and signals strong confidence in the future of Canadian resource exploration. A second closing is anticipated on or around March 19, 2026, which is expected to draw further investment into the partnership. The fund's objective is twofold: to achieve capital appreciation by investing in a diversified portfolio of Canadian resource companies and to provide investors with what the firm anticipates will be a tax deduction of approximately 100% of their initial investment.

A Powerful Tool for Tax-Conscious Investors

Flow-through limited partnerships remain one of Canada's most effective tax-reduction strategies, particularly for individuals in higher income brackets. The structure allows resource companies to "flow through" their Canadian exploration and development expenses to investors, who can then deduct these expenses against their own income. This mechanism provides a crucial funding lifeline for junior and mid-tier exploration companies while making the investment highly attractive from a tax-planning perspective.

The continued demand for these products comes amid a supportive, albeit evolving, regulatory environment. Recent government proposals to adjust Canada's Alternative Minimum Tax (AMT) regime initially raised concerns about their impact on the attractiveness of flow-through shares. However, subsequent revisions have largely mitigated these concerns, ensuring the structure remains a potent tool for wealth management professionals and their clients.

Furthermore, federal and provincial incentives, such as the Mineral Exploration Tax Credit (METC) and the newer, more potent 30% Critical Mineral Exploration Tax Credit (CMETC), add another layer of appeal. The CMETC specifically targets exploration for minerals like lithium, cobalt, and nickel, which are essential for the global clean energy transition, aligning the fund’s potential investments with key national economic strategies.

For investors in the Ninepoint 2026 LP, the firm has outlined a clear path to liquidity. The partnership intends to roll over its assets into the Ninepoint Resource Fund Class between January and February of 2028. This tax-deferred transition provides limited partners with an established exit strategy, moving their capital from a finite-life partnership into a liquid, daily-traded mutual fund class, a model Ninepoint has successfully executed with numerous previous flow-through offerings.

Channeling Capital into a Surging Resource Sector

The more than $81 million raised is not just a win for Ninepoint and its investors; it represents a significant injection of capital into Canada's vital resource industries. The funds are earmarked for investment in a diversified portfolio of "Resource Issuers," primarily companies engaged in mining and energy exploration and development across the country.

This investment arrives at a pivotal moment for the Canadian resource landscape. According to a recent report from Natural Resources Canada, the country's mining sector has a promising long-term outlook, with 138 projects planned or under construction between 2024 and 2034, representing a combined value of $117.1 billion. Critically, nearly half of these projects, valued at over $72 billion, are focused on the critical minerals required for electric vehicle batteries and other green technologies. This positions Canada as a key player in the global push to build secure and resilient clean energy supply chains.

The energy sector is also demonstrating remarkable resilience and growth potential. With major low-emitting liquefied natural gas (LNG) projects like LNG Canada and Woodfibre LNG advancing, the country is poised to become a key supplier to global markets seeking to displace higher-emission energy sources. Meanwhile, an improved policy environment and new pipeline capacity, such as the recently expanded Trans Mountain pipeline, are bolstering the outlook for Canadian oil and gas producers. The capital from funds like Ninepoint's 2026 LP is essential for the early-stage exploration that uncovers the deposits that will fuel these industries for decades to come.

Expertise-Driven Strategy in a Competitive Market

In a competitive market for investment dollars, Ninepoint has established itself as a dominant force in flow-through financing. The firm asserts that it has raised more flow-through share capital than any other asset manager in Canada since its inception in 2017, a track record that builds confidence among its extensive network of investment advisors and their clients.

Leading the investment strategy for the 2026 Partnership is Nawojka Wachowiak, a Senior Portfolio Manager who joined Ninepoint in late 2024. Ms. Wachowiak brings 25 years of capital markets experience, with a deep specialization in metals and mining. Her career spans roles as a portfolio manager, a sell-side equity analyst, and an executive for a multinational mining corporation. Her academic background, with both Bachelor's and Master's degrees in Geology, provides a foundational technical understanding that complements her financial acumen. This unique combination of skills is crucial for identifying promising issuers in the complex and often volatile resource sector. She will be supported in executing the strategy by consultant Jason Mayer.

The offering is being distributed through a powerful syndicate of agents, underscoring its broad appeal within the Canadian investment community. Led by RBC Dominion Securities Inc., the group includes nearly every major bank-owned and independent investment dealer in the country, such as CIBC World Markets Inc., TD Securities Inc., BMO Nesbitt Burns Inc., and Scotia Capital Inc., ensuring wide access for qualified investors across Canada. With its first closing successfully completed, the partnership is now poised to deploy its capital, financing Canadian discovery while generating value for its limited partners.