Thacker Pass Lithium Royalty1
This change in structure, subject to the satisfaction of customary closing conditions, will allow a second tranche investment of
Trident owns a 60% interest in a 1.75% gross revenue royalty (1.05% net to Trident) over the
Greenstone Gold Offtake2,3
Trident has a guarantee from
This strong performance follows an Updated Technical Report released earlier in the year which highlighted average annual gold production of 202,000 ounces per year over the first 8 years, with total gold production of over 2 million ounces over a 12-year mine life.
Trident is entitled to an offtake for 25% of gold production up to a cap of 1,111,500 delivered ounces (nearly 1M ounces remaining).
Trident is entitled to an offtake for 50% of all gold production from
i80 Gold Offtake7,8,9
i80 Gold announced the closing of a
i80 Gold is advancing underground development, surface and underground drilling, increasing mining rates, and progressing updated resource work for economic studies at
At Ruby Hill, gold is being produced via a residual leaching program while drilling continues to define and expand mineralization in multiple zones. A Preliminary Economic Assessment is near completion while metallurgical work and associated permitting is being advanced for underground development and processing planning.
i80 Gold announced a new discovery at Ruby Hill at a previously untested area returning high-grade mineralization over a substantial intercept width, assaying 45.4 g/t Au and 50.2 g/t Ag over 17.5 m.
Trident is entitled to an offtake for 100% of all gold production from i80 Gold properties up to 37,500 ounces in 2023, increasing to 40,000 ounces in 2024-2028.
'We have seen good progress across the portfolio in the first half of 2023, which provides a strong underpin to our asset value. We are also maintaining a good pipeline of prospective transactions, which backed by our robust balance sheet, should deliver further value accretion for shareholders. We look forward to updating shareholders over the course of 2023.'
Competent Person's Statement
The technical information contained in this disclosure has been read and approved by Mr
Contact:
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About Trident
Trident is a growth-focused diversified mining royalty and streaming company, providing investors with exposure to a mix of base battery, precious, and bulk metals.
Key highlights of Trident's strategy include: Building upon a royalty and streaming portfolio which broadly mirrors the commodity exposure of the global mining sector (excluding fossil fuels) with a bias towards production or near-production assets, differentiating Trident from the majority of peers which are exclusively, or heavily weighted, to precious metals; cquiring royalties and streams in resource-friendly jurisdictions worldwide, while most competitors have portfolios focused on
The acquisition and aggregation of individual royalties and streams is expected to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio. Further value is expected to be delivered by the introduction of conservative levels of leverage through debt. Once scale has been achieved, strong cash generation is expected to support an attractive dividend policy, providing investors with a desirable mix of inflation protection, growth and income.
Forward-looking Statements
This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and Trident provides no assurance that actual events will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as 'anticipates', 'believes', 'could', 'estimates', 'expects', 'may', 'shall', 'will', or 'would'. Although Trident believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Mining exploration and development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Trident will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.
Third Party Information
As a royalty and streaming company, Trident often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties and investments, or such information is subject to confidentiality provisions. As such, in preparing this announcement, the Company often largely relies upon information provided by or the public disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the date of this announcement.
This information is provided by RNS, the news service of the
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