Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Nomad Royalty acquires a cash-flowing royalty on the Caserones copper mine in Chile

% of readers think this story is Fact. Add your two cents.

Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) (FRA:IRLB)  announced it has agreed to acquire a 0.28% net smelter return (NSR) royalty on the producing Caserones mine in Chile.  

Nomad said the transaction adds a new revenue stream from Chile while providing the company with measured exposure to copper, a key metal powering the world’s transition to a clean energy economy. 

“The Caserones Royalty provides Nomad with immediate cash flow over a very long mine life from Chile, a tier 1 mining jurisdiction,” Nomad Royalty CEO Vincent Metcalfe said in a statement.

READ: Nomad Royalty Company executing plan for strong organic portfolio growth in 2021

“This transaction highlights Nomad’s unique positioning within the royalty space in terms of its financial capacity to acquire high-quality royalties and is consistent with Nomad’s strategy of building a diversified portfolio of high-quality cash flowing royalties and streams,” Metcalfe added.

In consideration for the transaction, Nomad Royalty will pay Appian Capital Chile SpA US$23 million in cash plus two million common share purchase warrants, with each warrant entitling the holder to buy one Nomad common share at a price equal to US$1.085 per share for a period of 36 months following the date of the agreement. 

As part of the transaction, Nomad will acquire a 30% ownership interest in Compania Minera Caserones (CMC), a private Chilean contractual mining company that holds the payment rights to 32.5% of a 2.88% net smelter return royalty on the Caserones mine. Thus, the deal will provide Nomad with two-thirds of the 2Q dividend payment from CMC, which is expected during the third quarter of this year.

The Caserones mine is owned and operated by Minera Lumina Copper Chile, which is indirectly owned by JX Nippon Mining & Metals Corporation. In 2019, Caserones produced 146,000 tonnes of copper and 2,778 tonnes of molybdenum.

Nomad Royalty is a gold & silver royalty company that purchases rights to a percentage of the gold or silver produced from a mine, for the life of the mine. The company owns a portfolio of 14 royalty, and stream, assets, of which seven are on currently producing mines.

Nomad plans to grow and diversify its low-cost production profile through the acquisition of additional producing and near-term producing gold & silver streams and royalties. 

Contact Sean at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.