focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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Copper. USd/lb. $417.20. Up $10.15 as of just now Afternoon of 3-4-2024.
Copper is up and well over the $400 marke. As of this afternoon 3rd of April 2024. Copper USd/lb. $413.30 . up $6.25.
In Production. Mimbula Copper Royalty.
Trident owns a 1.25% Gross Revenue Royalty (“GRR”) over all copper produced from the Mimbula Mine in Zambia, which is operated by Moxico Resources Plc.
IMO TRR has brilliant management . The company's PR and keeping present & future investors well informed through very regular interviews and video are 2nd to none.
Advanced stage Antler Copper Royalty.
Trident owns a 0.90% net smelter return royalty (‘NSR Royalty’) over the Antler Copper Project, operated by New World Resources, located in Arizona, USA.
Equinox Gold Los Filos Gold Off take....Trident owns an off-take for 50% of the gold produced at Equinox Gold’s Los Filos Gold Mine up to 1,100,000 delivered ounces.
Equinox Gold RDM Gold Off take...Trident owns an off take for 35% of the gold produced at Equinox Gold’s Santa Luz, Riacho Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Equinox Gold Fazenda Gold Offtake... Trident owns an off take for 35% of the gold produced at Equinox Gold’s Santa Luz, Riado Dos Machados (“RDM”), and Fazenda Mines up to 658,333 delivered ounces.
Allied Gold Offtake...Trident owns an off take for 50% of the gold produced at Allied Gold’s Bonikro Mine with no production or time cap on delivered ounces.
Blyvoor Gold Off take...Trident owns Gold off take for 100% of the gold produced, less any applicable streams, at Blyvoor Gold’s Blyvoor Gold Mine up to 2,700,000 million delivered ounces.
Victoria Gold Offtake
Trident owns Gold off take for 25% of the gold produced at Victoria Gold’s Eagle Gold Mine up to 1,111,500 million delivered ounces.
i-80 Gold Off take...Trident owns an off take for a fixed number of ounces of gold produced from i-80’s Ruby Hill, McCoy Cove & Granite Creek. Trident is entitled to delivery of 37,500 oz of gold per annum in 2022 - 2023, with 40,000 oz per annum due between 2024 – 2028.
Lincoln Gold Royalty...Trident owns a 1.5% Net Smelter Royalty (“NSR”) covering the entire Lincoln Gold Project which sits in the centre of the Californian Mother Lode which has historically produced over 13Moz of gold including 3.4Moz from areas directly covered by the NSR.
In Construction.
Equinox Gold Greenstone Offtake...Trident owns an off take for 100% of the gold produced up to 58.5koz p.a. at Equinox Gold’s Mercedes Gold Mine and Greenstone Gold Project until March 1, 2027.
La Preciosa Silver Royalty...Trident owns a 1.25% net smelter return royalty ('NSR Royalty') and 2.00% gross value return royalty ('GVR Royalty') over the La Preciosa Silver-Gold Project in Mexico, which is operated by Avino Silver and Gold Mines. Trident is also entitled to a milestone payment of US$8.75 million within 12 months of first production.
RNS this morning announcing more Director buys this time CEO Adam buying 51500 shares taking his holding to 550000 shares.
Apparently during April 2024, the Australian company Seduli Holdings is going to list on Australian Stock Exchange. The company owns the Lincoln Gold Mine in California USA . TRR has NSR which also includes a 5-mile area of interest which spans the majority of the Mother Lode. The NSR is fully secured by the project assets and reduces to a 0.75% NSR in perpetuity once the royalty has paid US$3M. This mine has a very high grade & is open at depth. I like those 2 words (Mother Load). I am happy to have an interest in this company through TRR. Will be interesting in seeing this company and mine grows into a significant asset.
More Director purchases is a positive sign. The Chairman has bought more following his purchase earlier in the week and the CFO has also purchased.
Great to see the confidence shown by the BOD 👍👍
Most of the deals showing as sells are actually buys .
I think there's plenty to like about this company..very surprised the sp is where it is but I am in no rush.
On top of an existing stake of around £2.6 million. Strong.
Wow, director buys nearly £126k worth of shares. Very nice, big confidence.
Copper surges past $9 000 a tone with supply threats stacking up. This is why IMO, Royalty company's like TRR are brilliant. When one commodity price goes lower like Iron ore, another commodity price goes up as in Cooper & Gold. Commodity Diversification mining without the overheads of actually owning any mines by buying a % of commodity found on land mined (the Royalty). is what TRR does best. This company is one of the best for keeping investors informed and does very good PR. DYOR and follow your own investing instincts.
Tamesis Partners has published a new research note on:
Trident Royalties Plc.
"Trident’s share price is currently trading on an unrisked and risked PNAV of 0.51x and 0.63x, and we forecast revenue to grow by a CAGR of 18% over the next 5 years. We continue to feel our Price Target of 75p is conservative as we look forward to more transactions in 2024. "
“Lithium Americas has received a conditional commitment (“Conditional Commitment”) from the U.S. Department of Energy (“DOE”) for a $2.26 billion loan under the Advanced Technology Vehicles Manufacturing (“ATVM”) Loan Program (the “Loan”) for financing the construction of the processing facilities at Thacker Pass, targeting to produce an initial 40,000 tonnes per year (“tpa”) of battery grade lithium carbonate (“Phase 1”). The expected Loan plus General Motors Holdings LLC (“GM”) strategic investment are expected to provide the vast majority of the capital necessary to fund Phase 1.”
That is an extract from the announcement. This is obviously very good news for TRR’s royalty as the project is greatly derisked with all phase 1 financing sorted.
Lithium Americas Receives Conditional Commitment for $2.26 Billion ATVM Loan from the U.S. DOE for Construction of Thacker Pass
I have copied this from AmorAmor77's posting on CTL. I hope he/she does not mind but it might be of interest to readers here.
https://stockhead.com.au/resources/high-voltage-lithium-market-recovery-narrative-picks-up-perfect-storm-brewing/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-03-13-2024&utm_content=httpsstockheadcomauresourceshighvoltagelithiummarketrecoverynarrativepicksupperfectstormbrewing&utm_medium=email&utm_campaign=Morning%20email%20Thursday%20March%2014&utm_content=Morning%20email%20Thursday%20March%2014+CID_94cb727a3efb73de1401d881721fbe2e&utm_source=Campaign%20Monitor&utm_term=High%20Voltage%20Lithium%20market%20recovery%20narrative%20picks%20up%20Perfect%20storm%20brewing
Https://www.mining.com/web/the-big-lithium-short-gets-dangerous-on-lower-supply-outlook/
Thacker Pass
https://www.mining.com/web/us-to-offer-2-billion-loan-for-lithium-americas-project-in-nevada/
A useful link
https://tradingeconomics.com/commodity/lithium
Https://www.mining.com/web/after-massive-bust-global-lithium-market-shows-signs-of-life/
TRR Gold Los Filos is an operating mine in Mexico. TRR has off-take for 50% of the gold produced at Equinox Gold’s Los Filos Gold Mine up to 1,100,000 delivered ounces.
Trident owns an off-take for 35% of the gold produced at Equinox Gold’s Santa Luz, Riacho Dos Machados (“RDM”), and Fazenda Mines in Brazil up to 658,333 delivered ounces.
Allied Gold Offtake.
Trident owns an offtake for 50% of the gold produced at Allied Gold’s Bonikro Mine with no production or time cap on delivered ounces.
Trident owns an offtake for 100% of the gold produced, less any applicable streams, at Blyvoor Gold’s Blyvoor Gold Mine up to 2,700,000 million delivered ounces.
Trident owns an offtake for 25% of the gold produced at Victoria Gold’s Eagle Gold Mine up to 1,111,500 million delivered ounces.
Trident owns an offtake for a fixed number of ounces of gold produced from i-80’s Ruby Hill, McCoy Cove & Granite Creek. Trident is entitled to delivery of 37,500 oz of gold per annum in 2022 - 2023, with 40,000 oz per annum due between 2024 – 2028.
Trident owns a 1.5% Net Smelter Royalty (“NSR”) covering the entire Lincoln Gold Project which sits in the centre of the Californian Mother Lode which has historically produced over 13Moz of gold including 3.4Moz from areas directly covered by the NSR.
Trident owns a 0.25% free on board (“FOB”) revenue royalty over the producing Kwale Mineral Sands Project in Kenya.
Trident owns a 1.25% Gross Revenue Royalty (“GRR”) over all copper produced from the Mimbula Mine in Zambia, which is operated by Moxico Resources Plc.
Trident owns a 1.5% Free on Board (“FOB”) revenue royalty covering part of the producing Koolyanobbing Iron Ore Operation in Western Australia.
TRR Assets. https://tridentroyalties.com/projects#scrolled
As reported by Reuters no less!
LONDON (Reuters) - British defence minister Grant Shapps said on Wednesday there were no implications for Britain's ability to fire nuclear weapons from an "anomaly" during the test of its nuclear missile system last month.
"An anomaly did occur, but it was event specific and there are no implications for the reliability of the wider Trident (LON:TRR) missile systems and stockpiles," Shapps said in a written statement to parliament.
"Nor are there any implications for our ability to fire our nuclear weapons, should the circumstances arise in which we need to do so ... the government has absolute confidence that the UK's deterrent remains effective, dependable, and formidable."
TRR webinar at 2pm today which is always an hour well spent as Adam gives a full update and will answer any questions.