Trident Royalties (AIM:TRR), the growth-focused diversified mining royalty and streaming company, has released its 4Q23 results to December 31st 2023.
In this interview, investors will hear:
• 4Q23 highlights including Quarterly receipts up 63% on 3Q23
• How the Mimbula Copper Royalty affected receipts
• Why the new $40m low-cost revolving debt facility is fundamental
• Updates on Thacker Pass and why the US DoE is expected to provide up to 75% of Thacker Phase 1 production costs
• Why the Thacker Pass Lithium offtake goes entirely to General Motors
• Updates on Antler & Paradox Basin projects
• Why Adam is comfortable with the net debt figure
• Why 2024 remains a very good time for royalty acquisitions.
“Obviously it's still a good time for us with interest rates high and our cost of capital reducing. We're in a really good position to go out there and pick up royalties. I think most people expect the cycle to turn, it inevitably will. And then we'll have secure royalties over good projects that have the wind to their backs as they move forward. So things like Paradox and Dandoko and Antler that we picked up late last year. These kind of assets are the type of projects that have a very tangible pathway to first production. So I think this is the kind of market where we can acquire royalties like that” explained Adam Davidson, CEO, Trident Royalties.
Trident Resources provides investors with low-risk exposure to a mix of base battery, precious, and bulk metals where other peers are only focused on precious metals.
Reasons to Add trident Royalties to your Watchlist:
1) Diversified portfolio of battery mineral & precious metal assets
2) Revenues expected to step up significantly in FY24 and beyond as mine projects come online and the 4 material acquisitions added in 2023 come onstream
3) Lowered cost of capital, now with a flexible revolver facility, to fund further non-dilutive acquisitions
4) The portfolio has been significantly derisked in 2023
5) Market conditions still favour royalty funding over equity capital
Adam Davidson, CEO of Trident Royalties was interviewed by Donald Leggatt, IR Media Director at focusIR.
Trident Royalties (TRR)