Supply
Provenance, chain of custody, processing history, ESG evidence. Cannot sell without traceability.
The need
Strategic buyers now require proof of origin, processing, ESG status, and eligibility before they buy. An EV manufacturer loses its tax credit because it cannot prove where the cobalt came from. An OEM is shut out of a procurement framework because its supplier chain fails the country-of-origin attestation.
Tier 1: critical minerals traceability, digital customs automation. Tier 2: construction payment compliance, modern slavery due diligence.
The filter
Of those, 4 have effective dates between 2024 and 2030.
Effective dates
In-flight regulations across the four markets, by effective year.
Source: hmm Ventures regulatory dataset.
| Market | Regulation | Tier | Effective |
|---|---|---|---|
| AU | Critical Minerals Processing Incentive (phase 2) | T2 | 2027 |
| AU | Modern Slavery Act Review. Enhanced Due Diligence | T2 | 2027 |
| JP | METI Critical Minerals Traceability Mandate | T1 | 2028 |
| JP | Digital Customs Automation Phase 2 | T2 | 2028 |
Source: hmm Ventures regulatory dataset.
The cohort
Each mark is one company in the four-market dataset. Highlighted marks are the named exits already on the dataset.
505 Critical Materials and Supply Integrity companies. Highlighted marks: named regulated-company acquisitions.
Across the four markets
~$390M
Status: in flight.
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