GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
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Trident Royalties invests $10m in Utah lithium project. Expected to deliver $110m for Trident over the next 10 Years. https://www.sharecast.com/news/small-caps-news/trident-royalties--14582242.html
TRR is trading on an unwarranted discount, even though it continues to pull off smart deals. https://www.investorschronicle.co.uk/ideas/2023/09/04/a-deep-value-royalty-company-offering-70-per-cent-upside/
Didn't realise its a Bank holiday in USA today 4th September 2023. Labor Day.
Adam D is doing a great job keeping investors informed regularly . Its the 9 Gold Offtake assets along with iron ore. copper & Mineral Sands, also soon to be Silver producing assets, that is brining in good cash to the company to help pay for the Royalties etc. The company is growing its asset book out at a very careful pace and do good Due diligence before committing to buy/invest in any Royalty etc.
Seems a very good deal. Money back after first year of production, and relatively environmentally friendly way of mining it.
Lot better than the Mali deal, which I'm not keen on.
*WATCH* Adam Davidson discuss the Paradox Lithium Royalty acquisition with further updates on Sonora and Dandoko royalties > https://bit.ly/482lbbO
Adam Davidson, Chief Executive Officer of Trident commented:
"The Dandoko Gold Royalty is an important addition to our portfolio as the asset has the potential to provide near-term cashflow to Trident. B2Gold is a senior producer with invaluable operational experience with a long operating history in Mali. The Fekola mine is a cornerstone asset for B2Gold and is expected to produce approximately 600,000 ounces in 2023 at cash operating costs of between $565 and $625 an ounce. Trident considers that significant exploration upside exists at Dandoko, with B2Gold currently deploying material capital towards exploration of the area. We remain focussed on delivering value accretive deals which broaden and diversify our portfolio to promote long-term growth."
Adam Davidson, Chief Executive Officer of Trident commented:
"We are delighted to announce the acquisition of this royalty over the Paradox Lithium Project. For a modest initial cash outlay, we have secured exposure for shareholders to a well funded, highly attractive project with a pathway to cash generation and significant growth potential. The Paradox project reinforces our strong position in battery materials, and introduces exposure to direct lithium extraction, which could play a significant role in future lithium supply. The acquisition again demonstrates Trident's ability to source innovative transactions to create shareholder value."
Https://www.popsci.com/environment/lithium-mining-mcdermitt-caldera/
Thacker Pass Mentioned
As I have said before. TRR has protected its self with this agreement in Mexico.
If Trident elects to exit the joint venture, the repayment date of an initial loan made by Trident of US$2.5mln is due six months from notification of termination.
The more important Lithium Asset is in Nevada USA which is now in construction . Trident owns a 60% interest in a 1.75% gross revenue royalty (1.05% net to Trident) over the Thacker Pass Lithium Project, one of the largest known lithium resources in North America. The project is 100% owned and operated by Lithium Americas Corp.
Trident Royalties is making lots of cash through it Iron ore. Copper. Mineral Sands & 9 gold off take agreements on mines in production. There will soon be a silver producing mine, which is in construction. I like the 9 off take gold agreements on producing gold mines especially in todays economic/geopolitical situation . I added today. IMO Only & DYOR people.
Overreaction IMO, have averaged down and now sat at 43p. Hopefully back above this soon
I suppose the AIM indices more or less show up to a 45% drop over the last couple of years......and more or less down to March 20 lock down panic levels...(which subsequently recovered by 100% plus)......but as I say we're back down for a bit!
But it won't be like this for ever...and being able to buy at about a 40% discount to real value....makes sense IMO!
GLA
Ok. Bought at 38.87.
News is good for ALL and Ex BCN shareholders. Oh yes time for schadenfreude.
For TRR it's onward and upward, with Thacker Pass even more valuable, recover the Sonora loan and reinvest..
Mexico won't be producing Lithium for a decade or more..
Seems odd that the SP dropped so much today on news that I thought was priced in a few days ago. seems we're well enough protected and with our other projects and cash in bank.......should we be at a yearly SP low? I would have thought this is a good price level to top up. I have today!
GLA
Smallpunter....I agree good news with this company seems to go unrecognised in the sp.
Cannot buy even a small amount. Suggests MM dumped all their float at market open and have nothing to sell now. Twits.
Is this a good chance to buy in at a good entry point such a big drop
Have to say that I expected this, but the market response is odd, very little positive price movement when the asset
is added but its potential removal is very negative.
Adam Davidson, Chief Executive Officer of Trident commented:
"Trident is disappointed by the recent developments in Mexico announced by Ganfeng, which add risk to the transaction in addition to the ongoing litigation in Alberta, whereby the validity of the royalty is being challenged. We were cognizant of these risks at the time of the original transaction and structured the deal accordingly to protect against both political and litigation risk, such that we may recover our initial $2.5 million secured loan. We will continue to monitor the situation carefully and, at the present time, intend to maintain our rights in respect of the asset."
TRR has protected its self with this agreement in Mexico. The agreement includes a provision that the litigation by Bacanora is favourably resolved for the estate, and that no changes in Mexico's regulatory regime materially affect the Sonora project.
If Trident elects to exit the joint venture, the repayment date of an initial loan made by Trident of US$2.5mln is due six months from notification of termination.
The more important Lithium Asset is in Nevada USA . Trident owns a 60% interest in a 1.75% gross revenue royalty (1.05% net to Trident) over the Thacker Pass Lithium Project, one of the largest known lithium resources in North America. The project is 100% owned and operated by Lithium Americas Corp.
Trident Royalties is making lots of cash through it Iron ore. Copper. Mineral Sands & 9 gold off take agreements on mines in production. There will soon to be a silver producing mine which is in construction.
Its completely irrelevant.
Sorted
The 2.5k+7.5k, around 11:49 today, were buys as well, though the price paid was in the bottom half of the range.