Trident Royalties Regulatory News (TRR)

3 November 2020

Trident Royalties Plc

Appointment of Chief Financial Officer

Trident Royalties Plc ("Trident" or the "Company") (AIM: TRR, FSX: 5KV) is pleased to announce the appointment of Martin Page as Chief Financial Officer ("CFO") with effect from 3 November 2020.¹

Martin Page, 44, has over 10 years' experience in the natural resources sector, most recently as CFO of Toro Gold Limited ("Toro"), a private equity backed West African gold producer which was sold to Resolute Mining in July 2019 for US$300m. 

Martin was a member of Toro's senior executive team that guided the Group through the latter stages of its development and subsequent divestment. Prior to Toro, he held roles as the CFO at Curzon Resources, a private natural resources investment firm, and as the Head of Finance at Amara Mining plc, a West African gold operator. He has extensive experience developing and leading finance functions in both the capital and private markets.

Martin began his career in practice and is a qualified Chartered Accountant with over 15-years post qualification experience.

Adam Davidson, Chief Executive Officer of Trident commented:

"I am delighted to welcome Martin to the management team and look forward to working closely with him. His appointment is an excellent addition to the high-calibre, dynamic and experienced executive team we have in place, working to execute on Trident's strategy. Whilst initially tasked with bringing Trident's finance function in-house, Martin will also provide valuable support to the investment team as Trident continues to add to its portfolio of royalties."

¹ Note that the CFO position is a non-board role.

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About Trident

Trident is a growth-focused, diversified mining royalty and streaming company, providing investors with exposure to a mix of base and precious metals, bulk materials (excluding thermal coal) and battery metals.

Key highlights of Trident's strategy include:

· Building a royalty and streaming portfolio to broadly mirror the commodity exposure of the global mining sector (excluding thermal coal) with a bias towards production or near-production assets, differentiating Trident from the majority of peers which are exclusively, or heavily weighted, to precious metals;

· Acquiring royalties and streams in resource-friendly jurisdictions worldwide, while most competitors have portfolios focused on North and South America;

· Targeting attractive small-to-mid size transactions which are often ignored in a sector dominated by large players;

· Active deal-sourcing which, in addition to writing new royalties and streams, will focus on the acquisition of assets held by natural sellers, such as: closed-end funds, prospect generators, junior and mid-tier miners holding royalties as non-core assets, and counterparties seeking to monetise packages of royalties and streams which are otherwise undervalued by the market;

· Maintaining a low-overhead model which is capable of supporting a larger scale business without a commensurate increase in operating costs; and

· Leveraging the experience of management, the board of directors, and Trident's adviser team, all of whom have deep industry connections and strong transactional experience across multiple commodities and jurisdictions.

The acquisition and aggregation of individual royalties and streams is expected to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio. Further value is expected to be delivered by the introduction of conservative levels of leverage through debt. Once scale has been achieved, strong cash generation is expected to support an attractive dividend policy, providing investors with a desirable mix of inflation protection, growth and income.