| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 16 March 2026 |
| Pathway | Significant business assets |
| Investment | Acquisition of Series D Preference Shares in Mint Innovation Limited |
| Consideration | Up to $10,000,000 |
| Applicant | Inspire Impact SPV No.1 Pty Ltd as trustee of the QPIT Sub Trust H Australia 100% |
| Vendor | Mint Innovation Limited New Zealand 80% Australia 12% Various 8% |
| Background | The Applicant received consent to increase its investment in Mint Innovation Limited up to 50% through a capital raise to enable it to achieve strategic growth milestones including expanding into US markets. As part of the capital raise a new class of preference shares, Series D Preference Shares, will be issued. Mint Innovation Limited is a New Zealand-based clean technology company that uses sustainable bio‑metallurgical processes to recover valuable metals from electronic waste and other complex materials. Consent was required as the value of the assets of Mint Innovation Limited exceed $100 million. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Beth Reed Simpson Grierson (Christchurch) PO Box 874 Christchurch 8140 |