Trident Royalties acquires Pukaqaqa royalty package for USD3 million

Trident Royalties acquires Pukaqaqa royalty package for USD3 million
Thu, 8th Apr 2021 12:31
(Alliance News) - Trident Royalties PLC announced on Thursday it had completed its acquisition of copper royalties over the Pukaqaqa copper project in Peru for USD3 million.
In December it announced it had agreed to acquire the existing royalties from Orion Resource Partners for USD3 million to be satisfied by the issue of 6.9 million new shares.
Following the deal, Orion will hold 11 million shares in Trident, representing a 6.2% interest in the company.
Trident Chief Executive Officer Adam Davidson commented, "The completion of the acquisition of the Pukaqaqa Royalty Package increases our copper exposure with royalties over a large, long-life asset operated by an established mid-tier miner with deep roots in South America."

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