focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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Https://www.mining.com/web/albemarles-2nd-quarter-profit-jumps-66-on-rising-lithium-prices/
Some buy price shows on here as a sell today. I keep the faith of course with Adam and TRR management, we have good paying Assets with near, medium and long term Royalties etc coming on stream as well as new deals to grow the company.
Adam Davidson, CEO at Trident Royalties discusses their quarterly results to June 30 2023 here > https://youtu.be/IiBsZEYch4c.
Adam Davidson, Chief Executive Officer of Trident commented:
"Trident has enjoyed another positive quarter which saw significant progress at key assets, as well as the announcement of a new acquisition. Completion of the La Preciosa acquisition, an attractive long-life silver asset in Mexico, provides Trident with exposure to a new commodity well positioned to benefit from the energy transition and further adds to the diversity of Trident's portfolio.
"The dismissal of the appeal of approval of the Thacker Pass lithium project further validates the robustness of the environmental standing of the project and reaffirms the importance of the asset for US battery manufacturing. Trident undertook a site visit to Thacker Pass during the quarter and was impressed both by the calibre of the operating team and progress achieved to date.
"The existing portfolio continues to generate cash, and our balance sheet is in a strong position to act on a robust pipeline of prospective transactions. Royalties have a particular attraction to operators at present, as both debt and equity become more relatively expensive. We look forward to providing updates as the year progresses."
Https://investingnews.com/howard-klein-lithium-market-forecast/
ICB888..looks like you are correct! & Cacher thanks for that info 👌
It's fantastic news. For TRR, Thacker Pass is a company making asset. For one asset to be potentially contributing $30-40m per year for many decades positions that royalty as one of the top deals in the industry. It's akin to Osisko's royalty over Canadian Malartic - where CM cornerstones Osisko's portfolio with a similar revenue profile.
Excellent News which should be reflected in the sp one would anticipate.
I bought in here about 12 months ago, I saw a tip somewhere, not really followed but obviously sp seems to go up nice and steadily...the RNS..Good or very good news!?
Adam Davidson, Chief Executive Officer of Trident commented:
"It is reassuring to see such a decisive ruling on this matter, allowing work to continue unimpeded on site at Thacker Pass ahead of first production in H2 2026. This ruling has confirmed that the permitting process was conducted thoroughly and appropriately, and is firm validation for the development of Thacker Pass into one of the world's largest lithium mines over the coming years."
Yes I'm somewhat surprised, though admittedly no RNS was released. I note that LAC haven't announced anything yet either, so maybe Trident will do so if/when LAC put something out to the market.
Either way - we all know how important this news, and the development of TP, is to TRR.
Little effect on sp given the positive news.
Cacher , thanks for posting. ATB
Https://apnews.com/article/nevada-thacker-pass-lithium-mine-4ad772a6940eb8edd507b50a179202f2
Good news RNS.
Lithium has in the last few years become the 'golden child' commodity but it seems both our invested and potential invested Lithium assets are severely curtailing the share price due to current legal appeals on the North American continent.
Thacker Pass appeal in particular seems to be somewhat embroiled in politics as well as points of law, something alien to us in the uk where the judiciary is apolitical.
Although construction has started at Thacker and a subsequent appeal denied, somehow a new appeal has now been lodged at a different court.
One of the biggest frustrations, is that these appeal cases take so long to be heard and take even longer awaiting a verdict but, while active, have a significant negative effect on our burgeoning stock price.
Let's hope both Thacker and Sonara appeals are resolved soon and positively for TRR, otherwise without at least one of these lithium assets earning, I fear any kind of TRR dividend payout could be 'many' rather than a 'few' years hence.
Trident Royalties has new Royalties asset.. La Preciosa ...Silver Royalty...Avino Silver and Gold Mines Ltd. Mexico Silver mine...Construction..1.25% net smelter return royalty ... and 2.00% gross value return royalty.
Has 9 Gold Mines offtakes in production with top mining company's ...all bringing in good $£$£$. In todays economic environment its wise to have gold in the company's portfolio. IMO, all will be good as far as Thacker Pass US largest lithium Project that's in construction mode is concerned. of course Iron ore. Copper & Mineral Sands also bringing in Cash to TRR.
Yes, hence the recent SP fall
Https://apnews.com/article/nevada-lithium-mine-court-appeal-15bd07e0ec03230d81349ff172c790dd
Friedland warns of a copper ‘train wreck’ as supply stalls
https://www.mining.com/web/friedland-warns-of-a-copper-train-wreck-as-supply-stalls/
80kg of copper in an EV