When Anthony Milewski isn’t deep in a financial model or on the phone with a mining executive somewhere between Vancouver and Johannesburg, there’s a reasonable chance he’s on a mountain. A committed skier and outdoorsman, Milewski embodies a rare duality: the kind of investor who understands that the natural world isn’t just a backdrop to his life, it’s the source of everything he backs professionally. That connection between the wilderness and the market is not incidental. It shapes how Anthony Milewski thinks about commodities, supply chains, and the future of the materials that underpin modern civilization.
From Moscow to the Mine: How Anthony Milewski Built His Edge
Anthony Milewski’s path to becoming one of the more closely-watched voices in critical minerals is anything but conventional. As a Fulbright scholar, he spent time in the former Soviet Union, watching firsthand as vast state-owned economies were privatized and spotting early what that transformation meant for natural resource companies. He went on to work at Renaissance Capital in Moscow before completing a dual degree at the University of Washington: a Master’s in International Studies and a JD in law.
That combination, emerging markets field experience, a legal mind sharpened at Skadden Arps in New York, and macro instincts developed at Firebird Management, gave Milewski a perspective few investors can claim. He learned that you can “get a call right but the timing wrong.” Investing, in his view, is fundamentally about identifying the themes reshaping the world before consensus catches up. It is a lesson he has applied consistently across more than $2 billion in capital raised for publicly listed companies.
The Transactions That Defined a Career
Anthony Milewski is not a commentator who arrived at mining from the outside. His work with Cobalt 27 included the $200 million IPO, a $200 million credit facility led by National Bank of Canada, Bank of Montreal, and Scotiabank, and the strategic purchase of 3,000 tons of cobalt, the largest private stockpile in the world at the time, which made international headlines. He then structured the $300 million Voisey’s Bay cobalt stream with Vale before the company was taken private in a $500 million transaction.
Further transactions include the $130 million acquisition of Highlands Pacific, the $900 million merger with ISO Energy in the Consolidated Uranium transaction, and co-founding other ventures. He has also served as Managing Director at Pala Investments, one of the leading global specialist mining investment firms.
The throughline: a conviction that the energy transition, AI infrastructure buildout, and digitalization of the global economy will create a generational demand cycle for a specific set of metals, many of them obscure, all of them critical.
The Oregon Group: Where Milewski Shares His Views
Anthony Milewski founded The Oregon Group as the platform through which he publishes his market views and investment intelligence. Available at theoregongroup.com, it covers the full spectrum of critical minerals, from antimony and rare earths to uranium, copper, and fluorspar, alongside energy markets, geopolitics, and emerging themes including the tokenization of commodities.
The editorial posture is deliberately niche. While mainstream financial media treats commodities as a sideshow, The Oregon Group argues they are the foundational layer of the global economy, and that most investors remain dangerously under-exposed.
Key themes Milewski has developed through The Oregon Group include the AI-driven critical mineral supercycle, the rare earth constraint on technology companies, uranium’s structural bull case, and the emerging case for blockchain-based tokenization of physical commodities as a new vehicle for investor exposure to real assets.
Built on a Foundation of Mountains and Markets
Anthony Milewski’s public profile is inseparable from his relationship with the outdoors. His Instagram documents a life spent as much on ski slopes and in wild landscapes as in boardrooms, not as an affectation, but as a genuine expression of the same qualities he brings to investing: preparation, pattern recognition, and comfort with uncertainty.
For investors tracking the critical minerals space, Anthony Milewski and The Oregon Group represent a rare combination: deep deal-making experience, original research, and the willingness to take a position and defend it, in the market and on the mountain.
