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Trident Royalties Plc is a diversified mining royalty company that focuses on acquiring royalties and streams in resource-friendly jurisdictions worldwide. The company's portfolio includes exposure to gold, lithium, copper, silver, and other commodities, providing a mix of base battery, precious, and bulk metals. Trident aims to deliver strong returns for shareholders by acquiring assets that are reflective of single asset risk while maintaining a low-overhead model. With recent developments in key assets like the Thacker Pass lithium project and the Greenstone gold project, Trident is poised for significant cash generation and revenue growth.
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Trident Royalties Plc (TRR) has successfully completed the acquisition of a 0.9% net smelter return royalty over New World Resources Limited's Antler copper project in Arizona, USA. This acquisition represents the fifth royalty acquired by Trident in 2023, adding significant value to the company's portfolio. The recently announced mining rights acquisition by New World further highlights the potential for growth in resource and mine life. Trident's CEO, Adam Davidson, expressed excitement over the addition of the Antler Royalty, emphasizing its potential to provide exposure to future-facing base metals like copper and zinc.
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Trident Royalties Plc (TRR, TDTRF) announces acquisition of NSR royalty on Antler Copper Project from New World Resources (NWC) in Arizona, USA. The $7 million deal includes a 0.90% NSR royalty over the current tenement package and a 0.45% NSR royalty over any ground subsequently acquired by New World within 5km. Antler has a JORC (2012) compliant Mineral Resource estimate of 11.4Mt @ 4.1% Cu-equivalent. A Pre-Feasibility Study is expected in Q4 2023, with pre-construction development targeted for Q1 2025. The royalty includes buyback provisions.
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Trident Royalties PLC (AIM:TRR)(OTCQX:TDTRF) announces major holdings acquisition by Orion Mine Finance Fund III LP
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Trident Royalties Plc announces that the CEO and CFO will provide a live presentation of the company's Investor Presentation on November 14, 2023. The presentation is open to all existing and potential shareholders. Questions can be submitted beforehand or during the live presentation.
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Trident Royalties Plc, a diversified mining royalty company, reported quarterly receipts of US$1.94 million from exposure to gold, copper, and iron ore. The company saw an 18% increase in receipts excluding the Mimbula copper royalty. Trident also made significant acquisitions, including an advanced stage lithium royalty in the U.S. and a major gold exploration royalty in Mali. The company holds cash of approximately US$25.6 million, providing a strong platform for further acquisitions.
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Trident Royalties Plc announces that Vice-President of the Americas, Justin Anderson, will be presenting at the Red Cloud Financial Securities Fall Mining Showcase 2023 in Toronto. Trident is a diversified mining royalty company with a portfolio of battery, precious, and bulk metals. Their cornerstone asset is a 1.05% Gross Revenue Royalty over the Thacker Pass Lithium Project.
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Trident Royalties Plc will announce its Q3 2023 Activities Update on November 6, 2023. Contact details for the company and its brokers are provided.
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Trident Royalties notes a 45% increase in Anson Resources' Mineral Resource at the Paradox Lithium Project in Utah.
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Trident Royalties Plc notes positive progress on Anson Resources' Paradox Lithium Project and Green River Lithium Project in Utah, USA. Anson ramped up production at its Sample Demonstration Plant, producing battery-grade lithium carbonate for potential offtake partners. Anson also acquired strategic land for its Green River Project, providing infrastructure and development opportunities. These developments position Anson as a major lithium producer in the US, benefiting Trident's royalty acquisition.
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Trident Royalties Plc presents interim results for H1 2023, showing a 45% increase in royalty receipts compared to H1 2022. Sale of pre-production gold royalties generated $15.6 million and a 140% return on invested capital. Thacker Pass Lithium Project is progressing well. Completion of La Preciosa acquisition adds exposure to silver. Two further royalty acquisitions announced. Stock price declined by 9.0% in the period.
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FAQ
What is the current stock price of TRIDENT ROYALTIES PLC (TDTRF)?
The current stock price of TRIDENT ROYALTIES PLC (TDTRF) is $0.63 as of August 30, 2024.
What is the market cap of TRIDENT ROYALTIES PLC (TDTRF)?
The market cap of TRIDENT ROYALTIES PLC (TDTRF) is approximately 187.5M.
What does Trident Royalties Plc specialize in?
Trident focuses on acquiring royalties and streams in resource-friendly jurisdictions worldwide, with exposure to a mix of base battery, precious, and bulk metals.
What are some key highlights of Trident's strategy?
Key highlights of Trident's strategy include acquiring attractive small-to-mid size transactions, maintaining a low-overhead model, and leveraging the experience of management and the board of directors.
What recent developments have occurred at the Thacker Pass lithium project?
Recent developments at the Thacker Pass lithium project include a conditional commitment for a $2.26 billion loan from the U.S. Department of Energy, with mechanical completion of Phase 1 production targeted for 2027.
How is Trident capitalizing on the gold market environment?
Trident is capitalizing on the strong gold market environment by realizing strong margins-per-ounce from its gold offtake portfolio, with net gold offtake revenues expected to increase as production seasonally rises.
What are some recent updates on the Antler Copper Project?
Recent updates on the Antler Copper Project include firm commitments for a placing to raise funds for project advancement and the submission of the longest lead-time mine permit application in January 2024.
What opportunities does Trident see in the Sonora Lithium Project?
Trident sees potential for the Sonora Lithium Project to become a Tier 1 royalty, providing exposure to a long-life lithium project with expansion optionality and operated by a world-class lithium specialist.
How is Trident progressing with the Lincoln Gold Project?
Trident is progressing with the Lincoln Gold Project by executing a strategic sell-down of its existing royalty to a high-net-worth family office to accelerate and de-risk cashflow.
TRIDENT ROYALTIES PLC
OTC:TDTRF
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187.51M
156.06M
14.51%
69.3%
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