Trident Royalties mulling eleven potential deals across variety of metals
“Within the last quarter we've seen material positive updates at Lake Rebecca, Spring Hill and the Western Australian Gold Royalty package tenements"
Trident Royalties PLC (LON:TRR) said it has eleven active non-disclosure agreements in force currently with opportunities across mineral sands, lead, nickel, copper, gold, zinc, cobalt, potash, and iron ore.
The group added it had an unaudited cash balance of US$7.4mln as of 31 March 2021 plus a term sheet for a proposed debt facility of US$10mln with Tribeca Global.
Adam Davidson, Trident’s chief executive, said: "The first quarter of 2021 was perhaps the most significant for Trident since its admission to trading on AIM less than a year ago, with the US$28mln acquisition of 60% of the Thacker Pass lithium royalty, coupled with a substantial equity raise.