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Little-known critical minerals stocks fuelling Terra’s 42pc return

Alex Gluyas

Terra Capital rarely takes a substantial position in a stock. But when it spotted an opportunity in a little-known ASX-listed metal extraction business, Matthew Langsford knew he had to go all-in.

So Terra’s $176 million Natural Resources Fund, which Langsford manages alongside founder Jeremy Bond, snapped up a 6.9 per cent stake in MTM Critical Minerals in December – a timely bet that has paid off handsomely.

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Alex Gluyas is markets reporter based in the Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/little-known-critical-minerals-stocks-fuelling-terra-s-42pc-return-20250703-p5mcd1