LONDON, UK / ACCESSWIRE / November 21, 2023 / Trident Royalties Plc (AIM:TRR)(OTCQB:TDTRF) is pleased to announce that all pre-conditions to the Antler Royalty acquisition in the binding acquisition agreement ("Agreement") have now been satisfied and that completion has occurred.
On 8 November 2023, the Company announced it had entered into an Agreement to acquire a 0.9% net smelter return ("NSR") royalty (the "Royalty") over New World Resources Limited's ("New World") Antler copper project in Arizona, USA. The Royalty also includes a 0.45% NSR over any ground subsequently acquired by New World within 5km, which includes the recently announced mining rights purchased from Newmont1. The Royalty was acquired for a total consideration of A$11,000,0002.
Adam Davidson, Chief Executive Officer of Trident commented:
"The Antler Royalty is a substantial addition to our business and represents the fifth royalty acquired by Trident in 2023. Antler is an exciting polymetallic deposit and provides Trident with exposure to a highly attractive suite of future-facing base metals, including copper and zinc. The recently announced mining rights acquisition by New World highlights the significant potential for further growth in the resource and mine life.
"We are excited to add an.... see & read more on