Nomad Royalty Company Closes US$125 M Revolving Credit Facility

Rhea-AI Summary

Nomad Royalty Company Ltd. has successfully closed an amended revolving credit facility of US$125 million, expandable to US$150 million under certain conditions. This financing aims to support the acquisition of additional royalties and precious metal streams, enhancing its portfolio of 15 royalty and stream assets, with eight from producing mines. The company is focused on diversifying its low-cost production profile to strengthen its market position in the gold and silver sectors.

Positive

• Closed amended revolving credit facility of US$125 million, expandable to US$150 million.
• Supports acquisition of additional royalties and funding of precious metal streams.
• Owns a diversified portfolio of 15 royalty and stream assets.

Negative

• Potential risks in acquiring royalties and funding streams due to market fluctuations.
• Dependence on gold prices and operational performance of mining facilities.

MONTREAL, Sept. 14, 2021 /PRNewswire/ - Nomad Royalty Company Ltd. ("Nomad") (TSX: NSR) (NYSE: NSR) is pleased to announce, further to its press release dated August 30, 2021, that it has closed its previously announced amended revolving credit facility for US$125 million with the option to increase to US$150 million, subject to satisfaction of certain conditions. 

ABOUT NOMAD

Nomad Royalty Company Ltd. is a gold & silver royalty company that purchases rights to a percentage of the gold or silver produced from a mine, for the life of the mine. Nomad owns a portfolio of 15 royalty and stream assets, of which 8 are on currently producing mines. Nomad plans to grow and diversify its low-cost production profile through the acquisition of additional producing and near-term producing gold & silver streams and royalties. For more information please visit: www.nomadroyalty.com.

Nomad Royalty Company Ltd.
500-1275 ave. des Canadiens-de-Montréal
Montréal (Québec) H3B 0G4        
nomadroyalty.com

Forward-looking statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Nomad expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur including, without limitation, the realization of the anticipated benefits of this amended revolving credit facility including the acquisition of royalties and funding precious metal streams. Although Nomad 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 may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the impossibility to acquire royalties, streams and to fund precious metal streams, gold prices, Nomad's royalty and stream interests, access to skilled consultants, results of mining operations, exploration and development activities for properties with respect to which Nomad holds a royalty or stream, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government or court approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations, market prices, continued availability of capital and financing and general economic, market and business conditions. Nomad cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the forward looking statements contained herein should carefully consider the above factors as well as the uncertainties they represent and the risks they entail. Nomad believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release. Nomad undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law.

View original content:https://www.prnewswire.com/news-releases/nomad-royalty-company-closes-us125-m-revolving-credit-facility-301376853.html

SOURCE Nomad Royalty Company Ltd.

FAQ

What is the purpose of Nomad Royalty Company's US$125 million credit facility?

The credit facility is intended to support the acquisition of additional royalties and funding precious metal streams.

When was the credit facility announcement made by Nomad Royalty Company?

The announcement was made on September 14, 2021.

How many royalty and stream assets does Nomad Royalty Company own?

Nomad Royalty Company owns a portfolio of 15 royalty and stream assets.

What are the potential risks associated with Nomad's forward-looking statements?

Potential risks include market fluctuations, regulatory changes, and performance issues at mining facilities.

What is the stock symbol for Nomad Royalty Company?

The stock symbols are TSX: NSR and NYSE: NSR.