Nomad Royalty acquires a cash-flowing royalty on the Caserones copper mine in Chile
The transaction provides it with immediate cash flow along with measured exposure to copper, a key metal in the clean energy economy
Nomad Royalty will pay US$23 million in cash plus two million of its common share purchase warrants for the 0.28% NSR royalty
Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) (FRA:IRLB) announced it has agreed to acquire a 0.28% net smelter return (NSR) royalty on the producing Caserones mine in Chile.
Nomad said the transaction adds a new revenue stream from Chile while providing the company with measured exposure to copper, a key metal powering the world’s transition to a clean energy economy.