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.
Share:
Nomad or the
Company ) (TSX:NSR) (OTCQX:NSRXF) is pleased to announce that it has entered into an agreement (the
Agreement ) with Appian Capital Chile SpA, which is a subsidiary of the Appian Natural Resources Funds advised by Appian Capital Advisory LLP (the
Vendor ), to acquire an effective 0.28% net smelter return royalty (the
Royalty ) on the producing Caserones mine located in the Atacama region of Chile (the
Caserones mine ) for a cash consideration of US$23 million as well as the issuance of two million common share purchase warrants of the Company.
Transaction Highlights
Acquisition of a royalty on a major mine operated by Minera Lumina Copper Chile, which is indirectly owned by JX Nippon Mining & Metals Corporation