Derrick Dao
Expertise in M&A and capital markets with a background in engineering. Founder of multiple high-growth startups including King Tide Carbon (acquired 2021). Formerly on investment banking teams at J.P. Morgan and Rystad Energy.
A team of proven operators — from Uranium One Group to J.P. Morgan — united by a shared thesis: Europe needs domestic critical minerals, and we have them.
Europe leads the world in EV adoption, battery manufacturing, steel decarbonization, and the next wave of compute infrastructure — but it depends on imports for the critical minerals that power those industries. Decades of underinvestment in domestic mining created this dependence.
Today's geopolitics demand Europe rebuild its industrial sovereignty, starting with the critical minerals that make the modern economy run. Union Power Metals is restoring European production of the materials that power the next wave of European progress — manganese for batteries and steel, and uranium for the energy of the AI era.
LMFP and NMC cathodes — the chemistries scaling fastest in EVs and grid storage — contain 60–80% manganese by cathode weight. European demand more than doubles by 2030.
Steel — 90% of global manganese demand — is the backbone of European manufacturing. Automakers, shipbuilders and infrastructure builders need supply that doesn't cross hostile borders.
AI data centers need 24/7 emissions-free baseload power. Nuclear is the only proven source — and it runs on uranium. Union Power Metals holds ~2,414 km² of uranium exploration licenses in Botswana's Karoo Basin (UA92) to feed the next generation of reactors.
The CRMA mandates 10% domestic extraction and 40% domestic processing of strategic minerals by 2030. Both manganese and uranium are on the strategic list. Slovakia holds the largest known historic manganese resources in the EU.
By restoring European production of critical minerals, we accelerate the continent's energy transition, strengthen its industrial base, and rebuild the supply-chain sovereignty that the next era of European progress depends on.
Proven operators who have discovered and managed some of the largest uranium and base metal deposits in the world — now focused on Europe's most urgent critical mineral gap.
Expertise in M&A and capital markets with a background in engineering. Founder of multiple high-growth startups including King Tide Carbon (acquired 2021). Formerly on investment banking teams at J.P. Morgan and Rystad Energy.
Former CEO of Uranium One Group with 20+ years of leadership within the Rosatom group. Oversaw global operations in Kazakhstan, Africa, and North America — building a resource base exceeding 200 million lb U₃O₈.
Mining operations executive with 20+ years of international experience leading large-scale uranium and battery metals projects in Africa and Europe. Former Managing Director of a uranium mine in Tanzania — led full-cycle development from exploration and feasibility studies through permitting, pilot-plant construction, and securing full project financing. Previously headed Uranium One's Dutch holding office, overseeing multi-jurisdictional operations, new business lines in gold, PGMs and battery materials, and group-level trading and portfolio management.
Former Managing Director of Traxys Group (global commodities trading house) and former Deputy CEO of Cunico Resources (vertically integrated ferro-nickel producer). Focused on responsible Battery Materials & Critical Minerals investments via Cedrus Arbor.
CEO & Director of Cayenne Copper Ltd. Mining entrepreneur focused on generative exploration and deal execution. Has identified, validated, and transacted 200+ resource properties since 2017 across 4 continents.
Expertise in M&A and capital markets with a background in engineering. Founder of multiple high-growth startups including King Tide Carbon (acquired 2021). Formerly on investment banking teams at J.P. Morgan and Rystad Energy.
Chair of BW Founders Holdings. Active investor in oil, gas, and technology sectors across hedge funds and private equity. Notable portfolio: Altus, Bluewave Energy, FCF Capital, Polaris Infrastructure.
Professional Geologist with 30 years of global gold and uranium exploration experience. Helped discover major deposits in Mali and led restart of the Detour Gold Mine. NI 43-101 Qualified Person for Union Power Metals's technical disclosures.
Founder of Tehama Capital (mining and energy financing) and CEO of Pantera Silver Corp. Expert in rare-earth and go-public strategies. Serves on the Hong Kong Canada Business Association Board.
25+ years in global investor relations and capital markets across Vancouver, Toronto, London, and Hong Kong. Former senior roles at Union Securities and Moore Clayton Capital. Founder of Rayleigh Capital, advising public mining and technology companies on IR strategy.
Mining engineer with 14+ years of experience across Botswana's base and battery metals sector. Former roles at BCL Limited, Discovery Metals, Giyani Metals, and NexMetals. Leads Union Power Metals's Botswana operations and stakeholder engagement.
Exploration geologist with 10+ years of multi-commodity experience across Botswana — diamonds, copper, gold, uranium, and iron. Leads field exploration and on-the-ground geological work at Union Power Metals's UA92 Uranium Project.
EurGeol-certified geologist with 15+ years of international exploration experience across cobalt-nickel, gold, copper porphyry, VMS, and Li-Sn systems. Manages exploration programs at the Kisovce-Slovinky and Čierna Lehota projects.
EurGeol-certified specialist with 15+ years in GIS analysis, 3D geological modelling, and exploration databases. Former member of the Gold Spot Discoveries team. Leads geospatial data integration across Union Power Metals's Slovak projects.
Project Geologist with 10 years of exploration and project management experience, including with Aston Minerals. Certified Qualified Person and EurGeol. Manages day-to-day execution of Union Power Metals's Slovak exploration programs.
Advises rapidly growing companies in energy, technology, and financial sectors on human capital, compensation strategy, and major transformations — including pension funds and investment firms at the fund and portfolio level. Currently at Laulima, with prior senior roles at a global consulting firm and leading corporate strategy for a Canadian infrastructure-fund-owned consumer services platform. CFA charterholder; B.Comm (Accounting), University of Calgary.
Learn about our Board of Directors, governance policies, Audit Committee, and commitment to responsible environmental and social practices.
A proven team, world-class assets, and the right timing. Union Power Metals is building the EU's domestic manganese supply chain at the intersection of policy and demand.
Derrick Dao is the CEO and Director of Union Power Metals. He has a background in engineering and capital markets, with experience at J.P. Morgan.
Andrey Shutov is the President and Chief Operating Officer of Union Power Metals. He is the former President of Uranium One Group, one of the world's largest uranium producers, bringing extensive international mining operations experience.
Union Power Metals was formerly known as Nuclear Vision Limited (renamed May 2025) and before that Gold Digger Resources Inc. The company changed its name to reflect its expanded focus on critical minerals beyond uranium.
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