Deal Snapshot
Trident Resources Acquires Copper Royalty for USD 5m
Monday 29 June 2020

UK-based mining royalty and streaming company Trident Resources plc (AIM: TRR) has entered into an agreement with Moxico Resources plc, to acquire a staged Gross Revenue Royalty over production from the operating Mimbula copper mine and associated stockpiles located in Zambia's prolific Copperbelt Province, the company said.

The GRR is being acquired in exchange for a cash consideration of USD 5m. Trident is entitled to royalty payments on production commencing from 1 July 2020 and extending in perpetuity.

Date Published: 29/06/2020