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Billionaire investor Ken Griffin’s hedge fund Citadel has taken a significant stake in NioCorp Developments Ltd, a rare earth minerals company that has surged 124% this year. The move highlights Citadel’s strategic focus on the energy sector, following its recent success in Chevron’s $53 billion Hess acquisition.
- Citadel owns 3.8M shares (5.4% of its portfolio) in NioCorp, which has surged 124% YTD.
- NioCorp's Nebraska project targets rare earth minerals critical for tech and energy sectors.
- Citadel's $1B Chevron-Hess arbitrage play reflects its energy-focused investment strategy.
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