Trident Royalties completes purchase of copper royalties over Pukaqaqa project
Trident Royalties PLC (LON:TRR, FSX:5KVlc) said it completed the acquisition of a set of copper royalties over the Pukaqaqa copper project in Peru.
Last December, Trident announced it had agreed to buy the existing copper royalties (the “Royalty Package”) from Orion Resource Partners in a US$3.0mln share deal.
“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,” said Trident chief executive Adam Davidson.
“We are delighted to have completed this transaction with Orion, which continues to demonstrate itself a professional and friendly counterparty, and we look forward to exploring further opportunities to transact with them in the future.”
Orion will hold a 6.2% stake in Trident as a result of the acquisition.