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Trident Royalties release a positive 3Q23 trading update with 2 acquisitions and revenue up 18%

Trident Royalties (AIM;TRR; OTC; TDTRF), the diversified royalties company, reveals underlying revenue growth of 18% with two new royalty acquisitions completed during 3Q23.

3Q23 Trading Update

Adam Davidson, CEO of Trident, provides investors with an overview of activities during the three months to 30 September 2023 including underlying revenue growth, excluding minimum payments, of 18% to US$1.94m year on year, largely from Gold receipts, and the completion of two important new royalty acquisitions; Paradox Basin Lithium in the US and the Dandoko Gold Project in Mali. Cash at bank, as at 30 September 2023, stood at a healthy US$25m.

Paradox Basin

Adam highlights that the advance stage direct lithium extraction Paradox Basin project in Utah benefitted from a 45% increase in the Mineral Resource Estimate during the period, which was ahead of expectations.

Dandoko Gold Project

Adam explains that whilst the Dandoko Gold Project is at the exploration stage, production could be established relatively quickly as the resource is adjacent to an existing mine operated by B2Gold.

Thacker Pass

Thacker Pass , Trident’s flagship Lithium Royalty, Adam noted that Lithium Americas is investing US$145m into construction of mine facilities during the second half of this year, which is expected to ramp up next year as construction activities increase.


Adam expects activity on potential acquisitions to continue during the remainder of the current year while the Company continues to execute its stated strategy to strengthen the balance sheet with new debt facilities to fund further acquisitions.

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Adam Davidson, CEO of Trident Royalties, discusses the Paradox Lithium Royalty acquisition

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