Trident Royalties Regulatory News (TRR)

24 August 2020

Trident Royalties Plc

Appointment of Joint Broker

Trident Royalties Plc ("Trident" or the "Company") (AIM: TRR, FSX: 5KV), is pleased to announce the appointment of Shard Capital Partners LLP ("Shard") as its Joint Broker with immediate effect. Shard will work alongside the Company's existing Broker, Tamesis Partners LLP. Grant Thornton UK LLP will continue to act as the Company's Nominated Adviser.

Adam Davidson, Chief Executive Officer of Trident commented:

"As demonstrated by our performance thus far, we believe there is a significant value opportunity available to Trident and we look forward to working with Shard to continue to spread the story among retail and other investors."

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About Trident

Trident is a growth-focused diversified mining royalty and streaming company, aiming to provide 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:

· Constructing 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.