Royalty Companies

Eagle Plains to Reorganize Royalty Assets
https://www.accesswire.com/724…Reorganize-Royalty-Assets
CRANBROOK BC / ACCESSWIRE / November 9, 2022 / The Board of Directors of Eagle Plains Resources Ltd. (TSXV:EPL) (the "Company" or "Eagle Plains") is pleased to announce the formation of a separate division within the Company in an effort to maximize shareholder value and pursue strategic opportunities. Under the proposed reorganization, specific royalty assets covering a broad spectrum of commodities will be managed by a new, wholly-owned subsidiary of Eagle Plains under the name Eagle Royalties Ltd. ("ER")

Tim Termuende, President and CEO of Eagle Plains stated recently: "we are excited to see the formation of Eagle Royalties and look forward to its evolution. Eagle Plains has been assembling this large royalty portfolio since its formation in 1992 and over the past thirty years has secured royalty interests over a wide range of commodities located in areas of active mining and advanced development such as our flagship AurMac Royalty (gold: Banyan Gold Corp./Hecla Mining), Eskay Creek (gold-silver: Skeena Resources), Patterson Lake South (uranium-Cameco, Denison), Fort a la Corne (diamonds) and numerous other royalties located throughout western Canada. While Eagle Plains has held many of these royalty interests for years, management is of the opinion that their true value is not reflected within the diverse holdings and activities of Eagle Plains and their potential would be more readily identified as a stand-alone division."

METALLA TO ACQUIRE STRATEGIC SILVER FOCUSED ROYALTY PORTFOLIO FROM FIRST MAJESTIC SILVER

https://www.prnewswire.com/new…tic-silver-301687646.html

VANCOUVER, BC, Nov. 28, 2022 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that on November 26, 2022 it signed a royalty purchase agreement with First Majestic Silver Corp. ("First Majestic") (NYSE: AG) (TSX: FR), pursuant to which Metalla will acquire eight royalties for $20 million of common shares of Metalla (the "Transaction"). First Majestic holds and will originate a portfolio of royalties in Mexico as described below.
TRANSACTION HIGHLIGHTS
[Blockierte Grafik: https://mma.prnewswire.com/media/1956063/Metalla_Royalty_and_Streaming_Ltd__METALLA_TO_ACQUIRE_STRATEGIC.jpg?w=500]First Majestic Royalty Map (CNW Group/Metalla Royalty and Streaming Ltd.)

• Immediate Cash Flow: The addition of the producing La Encantada gold royalty will provide immediate cash flow to Metalla.
  

  
  

• Near Term Development: The portfolio adds four near term silver development royalties, most of which are fully permitted, have existing infrastructure and mine development for a lower capex and faster timeline to restart production.
  

  
  

• Highly Prospective Properties: The combined land package covers more than 175,000 hectares across some of the most prolific silver camps in Mexico.
  

  
  

• Accretive Growth and Increased Size and Scale: The addition of eight royalties from First Majestic will expand Metalla's portfolio to 79 royalties and streams, increase cash flow, and significantly enhance Metalla's industry leading development pipeline.
  

  
  

• Counterparty Diversification: Counterparties include First Majestic, Sierra Madre Gold and Silver Ltd. ("Sierra Madre"), GR Silver Mining Ltd. ("GR Silver") and Silver Dollar Resources Inc. ("Silver Dollar").
  

  
  

• Substantial Leverage to Silver: The royalty portfolio is predominantly silver and will add approximately 1.7Moz of attributable silver in the measured and indicated categories, and 5.2Moz of attributable silver in the inferred category to Metalla⁹.
  

  
  

• Adds New Major Shareholder: We are excited to partner with First Majestic, one of the world's leading silver producers with a market cap of ~$2.5 billion, which will become our largest shareholder at approximately 8.5%.

Zitat von Sorgenfrei

Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that on November 26, 2022 it signed a royalty purchase agreement with First Majestic Silver Corp. ("First Majestic")

Interessant. Ich verfolge FR seit einiger Zeit nicht mehr so intensiv, aber sind da nicht einige ausgebeutete Minen dabei, die in Care&Maintenance liegen?
Wenn man zudem berücksichtigt, daß der gute Keith lieber zukauft als exploriert, dann liegt der Verdacht nahe, daß MTA kein gutes Geschäft gemacht hat.

Zitat von Buche

Interessant. Ich verfolge FR seit einiger Zeit nicht mehr so intensiv, aber sind da nicht einige ausgebeutete Minen dabei, die in Care&Maintenance liegen?Wenn man zudem berücksichtigt, daß der gute Keith lieber zukauft als exploriert, dann liegt der Verdacht nahe, daß MTA kein gutes Geschäft gemacht hat.

Da liegst du richtig. Bringt maximal einen Hebel auf einen stark steigenden Silberpreis mit Wiederaufnahme der Produktion.

Royalty Portfolio

*up to the first 1,000 payable ounces annually

Was mich bezügl Royalty Firmen seit einiger Zeit bedenklich stimmt ist dass diverse grosse Produzenten ohne Not Ihre Royalties an Streamer verkauft haben.
Aktuell will EPL einen Royaltyzweig ausgliedern. Sind das die neuen Vorwärtsverkäufe um andere Projekte weiter Explorieren zu können ? Ich meine speziell bei EPL dass sie am Ast sägen auf dem Sie sitzen.Schliesslich wird eine Royalty erst was wert wenn eine Produktion wahrscheinlich wird.

Orogen Royalties Announces Third Quarter 2022 Results

https://www.accesswire.com/729…hird-Quarter-2022-Results
Q3 2022 Highlights
All amounts are in Canadian dollars unless otherwise stated.

• Net gain from operations was $123,461 or $0.001 per share compared to a net loss of $972,294 or $0.005 per share in 2021.
• Revenue of $1,158,928 earned from the Ermitaño royalty with 478 attributable gold equivalent ounces ("GEOs") sold at average price of US$1,728 per ounce, representing a 39% increase in GEOs sold compared to average of the previous two quarters.
• Net income of $202,956 from prospect generation activities due to gain of $453,385 where proceeds received from project sales, recoveries and anniversary payments received on active option agreements were greater than the projects' carrying costs. The Company also recognized an impairment of $262,145 for projects that have been dropped during the period.
• General and administrative expenses were $802,149 for Q3-2022 compared to $638,986 during the same period in 2021 and the increase was mainly due to higher shared-based compensation expenses from stock options vested, general overhead and legal expenses.
• Loss of $467,918 was recognized on fair value adjustments of marketable securities due to capital markets volatility.
• Cash flow from operating activities of $188,510.
• Cash from operating activities, excluding changes in non-cash working capital of $149,336.
• Working capital of $10,743,487 including $3,313,963 in cash and cash equivalents and $5,230,027 in short term investments and no long-term debt.

Royalty Round up: The sector puts in its best performance since October 2020 but is this just a Bear Market rally

Von Ryan Long

Precious Metals Royalty And Streaming Companies: The November Report

https://seekingalpha.com/artic…anies-the-november-report
Summary

• The Precious Metals R&S Index increased by 18.2% in November.
• The Precious Metals R&S Equally Weighted Index increased by 11.37%.
• The best performance was recorded by Maverix Metals; its share price grew by 35.74%.
• The biggest decline was experienced by Elemental Altus Royalties; its share price declined by 1.08%.

Vox Provides Development and Exploration Updates

https://www.accesswire.com/730…t-and-Exploration-Updates
TORONTO, ON / ACCESSWIRE / December 6, 2022 / Vox Royalty Corp. (TSXV:VOX)(NASDAQ:VOXR) ("Vox" or the "Company"), a returns focused mining royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Aurenne Group Pty Ltd ("Aurenne"), Black Cat Syndicate Limited (ASX:BC8) ("Black Cat"), Orla Mining Ltd. (TSX:OLA, NYSE:ORLA) ("Orla"), Norwest Minerals Limited (ASX:NWM) ("Norwest"), and Genesis Minerals Ltd. (ASX:GMD) ("Genesis").
Spencer Cole, Chief Investment Officer stated: "The past two months have seen exciting developments by our royalty operating partners on several near-term gold assets, including construction progress at Mt Ida to establish a 1.2Mtpa gold plant in early 2023 and selection of a mining contractor at Bulong ahead of potential toll milling. Medium term growth continues to be supported by Orla's plans at the recently acquired South Railroad project in Nevada and the mining lease application at Bulgera. This progress supports management's excitement for organic growth within the Vox royalty portfolio heading into 2023 and beyond."
Key Updates

• Mt Ida construction update including the targeted establishment of a 1.2Mtpa gold plant by April 2023 by Aurenne;
• A mining contractor has been selected, discussions with local mills regarding toll treatment advanced and final high grade drilling results completed at the royalty-linked Myhree gold deposit by Black Cat;
• Following the corporate acquisition of Gold Standard Ventures Corp. ("GSV"), Orla has begun integrating the South Railroad gold project into its growth plans with key priorities including project permitting, review of project schedule, and assessment of current exploration supporting resource expansion;
• Mining lease application update and further reverse circulation ("RC") drilling planned at Bulgera by Norwest; and
• Puzzle North infill drilling success announced by Genesis, which is covered by the Kookynie gold royalty.

Zitat von Sorgenfrei

Da liegst du richtig. Bringt maximal einen Hebel auf einen stark steigenden Silberpreis mit Wiederaufnahme der Produktion.
Royalty Portfolio

Asset	Owner	Location	Stage	Royalty
La Encantada	First Majestic	Coahuila, Mexico	Operating	100% Gold Royalty (GROY)*
La Parrilla	First Majestic	Durango, Mexico	Care & Maintenance	2% NSR
Del Toro	First Majestic	Zacatecas, Mexico	Care & Maintenance	2% NSR
San Martin	First Majestic	Jalisco, Mexico	Care & Maintenance	2% NSR
La Guitarra	First Majestic - undergoing a binding purchase agreement to Sierra Madre Gold & Silver	Mexico, Mexico	Care & Maintenance	2% NSR
Plomasas	GR Silver Mining (GRSLF)	Sinaloa, Mexico	Exploration	2% NSR
La Luz	First Majestic	San Luís Potosí, Mexico	Exploration	2% NSR
La Joya	First Majestic - Optioned to Silver Dollar Resources (SLVDF)	Durango, Mexico	Exploration	2% NSR

*up to the first 1,000 payable ounces annually

First Majestic meldet den geplanten Verkauf der Silbermine La Parrilla für bis zu 33,5 Millionen USD

7. Dezember 2022. Vancouver, BC, Kanada - First Majestic Silver Corp. (AG: NYSE; FWB: TSX) (das "Unternehmen" oder "First Majestic") freut sich bekannt zu geben, dass das Unternehmen zum 7. Dezember 2022 eine Vereinbarung über den Kauf von Vermögenswerten abgeschlossen hat, um seine zu 100 % kontrollierte, ehemals aktive Silbermine La Parrilla im mexikanischen Bundesstaat Durango an Golden Tag Resources Ltd. ("Golden Tag") (GOG: TSX.V) für einen Gesamtgegenwert von bis zu 33,5 Millionen USD (die "Transaktion") zu verkaufen.

Wenn Golden Tag die Mine wieder in Produktion bringt, wäre das vorteilhaft für Metalla. Allerdings benötigen sie dann wohl einen höheren Silberpreis.
[Blockierte Grafik: https://cdn-ceo-ca.s3.amazonaws.com/1hp39a1-Screenshots_2022-12-07-23-22-02~2.png]
"La Parrilla is a fully permitted former producing mine complex .. operated continously from 2004 until 2019 when it was placed on care and maintenance due to low silver prices." GOG is going to be a producer of gold, lead, zinc, with future cash flow from rising silver prices"

Trident Royalties, TRR

Sale of Gold Royalties to Franco-Nevada, delivering 2.4x return, Debt restructure enabling lower cost of capital

Übersetzung:

Trident Royalties Plc (AIM: TRR), das diversifizierte Bergbau-Lizenzgebührenunternehmen, freut sich bekannt zu geben, dass es mit Franco-Nevada Corporation (TSX, NYSE: FNV) ("Franco-Nevada") eine Vereinbarung über den Verkauf mehrerer Pre-Production Gold Royalties (die "Lizenzgebühren") für einen Barerlös von bis zu 15,8 Millionen US$ (die "Transaktion") unterzeichnet hat. "). Die Transaktion ermöglicht es Trident, eine signifikante Rendite auf seine Erstinvestition zu erzielen und gleichzeitig das Goldengagement in seinem Portfolio zu schützen und die Bilanz des Unternehmens für nachfolgende Akquisitionen weiter zu stärken.
Parallel zur Transaktion hat Trident auch seine bestehende Kreditfazilität mit Macquarie Bank Limited ("Macquarie") zu günstigeren Bedingungen umstrukturiert, den Kupon um bis zu 2% reduziert, Kapitalrückzahlungen aufgeschoben und die Laufzeit um ein Jahr^{verlängert 8} (die "Umschuldung").
HIGHLIGHTS DER TRANSAKTION
· Trident hat zugestimmt, seine Goldlizenzgebühren aus der Vorproduktion für Rebecca¹, Spring Hill² und vier weitere Projekte, die als Portfolio von Talga Resources³ erworben wurden, an Franco-Nevada im Austausch für einen Barerlös von bis zu 15,8 Millionen US-Dollar zu verkaufen.
§ Die Lizenzgebühren wurden von Trident für ca. 6,5 Mio. US$^{erworben 4}, was einer Rendite auf das investierte Kapital von 143 % in etwa 2 Jahren entspricht.
§ 14,55 Millionen US$ der Gegenleistung sind sofort nach Fertigstellung zahlbar und 1,25 Millionen US$ sind bei der ersten Produktion aus dem Rebecca Gold Project⁵ zu zahlen.
· Die Transaktion wird dazu führen, dass Trident geschätzte Pro-forma-Barmittel in Höhe von rund 35 Millionen US-Dollar 6 hält, was das Unternehmen in eine starke Position versetzt, um neue Chancen zu verfolgen und von der aktuellen Schwäche der traditionellen Anleihe- und Aktienmärkte, insbesondere bei Nichtedelmetallrohstoffen^{, zu} profitieren.
· Während Trident sich weiterhin auf das positive Wachstum des Geschäfts konzentriert, unterstreicht die Transaktion die Bereitschaft des Unternehmens, Vermögenswerte zu veräußern, bei denen erhebliche Gewinne erzielt werden können, so dass Barmittel für stärkere zukünftige Renditen umgeschichtet werden können.
· Die Transaktion bringt auch Tridents Portfolioallokation für Gold in Einklang mit den längerfristigen Erwartungen nach dem Erwerb des Goldabnahmeportfolios im Januar dieses Jahres.
· Die Umschuldung veranschaulicht die längerfristige Abwärtsrichtung der Kapitalkosten des Unternehmens, wobei sich die Fremdkapitalkosten gegenüber dem Vorjahr fast halbiert^{haben 9}.
· Die Transaktion und die Umschuldung bieten Trident Zugang zu Kapital aus Nichteigenkapitalquellen, da sich das Unternehmen weiterhin vor unnötiger Verwässerung vor erwarteten Bewertungskatalysatoren schützt, insbesondere Risikominderungsereignissen in Bezug auf sein Lithiumportfolio und das anhaltende Wachstum seines Goldabnahmeportfolios.
UMSTRUKTURIERTE KREDITFAZILITÄT
Angesichts des durch die Transaktion freigesetzten Wertes und vorbehaltlich ihres Abschlusses hat Macquarie zugestimmt, Tridents bestehende Kreditfazilität⁷ in Höhe von 40 Millionen US-Dollar umzustrukturieren, um Folgendes zu umfassen:
· Reduzierung des Kupons um 2 % (abhängig von der Aufrechterhaltung der Verschuldungsquote)⁸, wodurch die Schuldendienstkosten um bis zu 800.000 US-Dollar pro Jahr gesenkt werden.
· Verlängerung der Kreditlaufzeit um ein Jahr bis Dezember 2025.
· Aufschub der geplanten vierteljährlichen Zahlungen bis Juni 2024.
Anstelle einer Barrestrukturierungsgebühr hat das Unternehmen einer Verlängerung der Laufzeit der von Macquarie gehaltenen Warrants um 12 Monate zugestimmt.


Adam Davidson, Chief Executive Officer von Trident, kommentierte:
"Wir freuen uns, diese Möglichkeit geschaffen zu haben, signifikanten Wert für unsere Aktionäre zu realisieren. Während Trident aktiv versucht, das Portfolio wertsteigernd zu erweitern, unterstreicht die Transaktion den differenzierten Ansatz des Unternehmens zur Wertschöpfung durch den Erwerb von Lizenzgebühren zu einem attraktiven Einstiegswert und die opportunistische Monetarisierung nach dem Wachstum der zugrunde liegenden Vermögenswerte. Diese Transaktion hat es uns ermöglicht, in rund zwei Jahren seit dem Erwerb der Lizenzgebühren eine Rendite von 143 % zu erzielen, was es Trident ermöglicht, Kapital für weitere Investitionen zu recyceln und die Abhängigkeit von den Kapitalmärkten zu verringern.

Wir freuen uns über die Unterstützung von Macquarie, die vor dem Hintergrund steigender globaler Zinssätze die Kapitalkosten von Trident gesenkt und weitere Flexibilität zur Unterstützung zukünftiger Akquisitionen geschaffen hat. Trident ist weiterhin bestrebt, unsere Kapitalkosten bei Fälligkeit zu senken, und sieht die Umstrukturierung unserer Kreditfazilität als einen weiteren Schritt in diesem Prozess, wobei sich die Fremdkapitalkosten von Trident in weniger als einem Jahr fast halbiert haben.

Die Kombination aus dieser Transaktion und der Umschuldung schafft eine noch stärkere Plattform, um das zukünftige Wachstum von Trident zu unterstützen. Der Zugang zu traditionellen Anleihe- und Aktienmärkten bleibt für Bergbauunternehmen eine Herausforderung und bietet Trident erhebliche Möglichkeiten, Kapital einzusetzen. Dies spiegelt sich in der Qualität unserer Chancenpipeline wider, die wir neben den anhaltend positiven Entwicklungen innerhalb unseres bestehenden Portfolios gerne umsetzen werden."

METALLA ADDS ROYALTIES ON BARRICK GOLD'S WORLD CLASS LAMA COMPLEX
https://www.newswire.ca/news-r…ma-complex-805459530.html
VANCOUVER, BC, Dec. 12, 2022 /CNW/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (NYSE American: MTA) (TSXV: MTA) is pleased to announce it has entered into a Royalty Purchase Agreement ("RPA") with an arm's length third-party dated December 9, 2022, to acquire an existing 2.5% to 3.75% gross value return ("GVR") royalty on gold and silver, and a 0.25% to 3.0% net smelter return ("NSR" and together with the GVR, the "Royalties") royalty on copper and other non-precious minerals, extracted from the majority of the Lama project ("Lama") owned by Barrick Gold Corp. ("Barrick")(NYSE: GOLD; TSX: ABX) for total consideration of $7.5 million in common shares and cash (the "Transaction").
[Blockierte Grafik: https://mma.prnewswire.com/media/1966173/Metalla_Royalty_and_Streaming_Ltd__METALLA_ADDS_ROYALTIES_ON_BAR.jpg?p=publish]

[Blockierte Grafik: https://mma.prnewswire.com/media/1966174/Metalla_Royalty_and_Streaming_Ltd__METALLA_ADDS_ROYALTIES_ON_BAR.jpg?p=publish]

First Mining Announces Sale of Non-Core Goldlund NSR Royalty for C$9.5 Million

https://www.newswire.ca/news-r…-5-million-887915204.html
VANCOUVER, BC, Dec. 12, 2022 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has entered into a definitive royalty purchase agreement with an affiliate of Sprott Resource Streaming and Royalty Corp. ("Sprott") to sell its 1.5% net smelter return ("NSR") royalty on the Goldlund gold property in Ontario (the "Goldlund Royalty") owned by Treasury Metals Inc. for total cash consideration of approximately C$9.5 million (US$7 million) (the "Goldlund Royalty Transaction").

"We are very excited to announce the sale of our Goldlund royalty to Sprott," stated Dan Wilton, CEO of First Mining. "Sprott is an existing royalty holder across the Goliath Gold Complex with a deep understanding of the project and this transaction is a further endorsement of the potential of the asset. First Mining continues to retain exposure to the success of the project as the largest shareholder of Treasury Metals while the proceeds from this royalty sale will provide the Company with additional financial flexibility as we continue to focus on advancing our two flagship assets, Springpole and Duparquet."

Following the completion of the Goldlund Royalty Transaction, First Mining's royalty portfolio will be comprised of 20 royalties across four countries, which includes a 2.0% NSR royalty on the Pickle Crow gold project in Ontario operated by Auteco Minerals Ltd., a 1.5% NSR royalty on the Hope Brook gold project in Newfoundland operated by Big Ridge Gold Corp. and NSR royalties on a number of other exploration and development projects.

Triple Flag Precious Metals Corp. - Triple Flag Signs Definitive Agreements for Acquisition of Gross Revenue Return and Stream on Priesk

Zitat von Centurion

Triple Flag Precious Metals Corp. - Triple Flag Signs Definitive Agreements for Acquisition of Gross Revenue Return and Stream on Priesk

[Blockierte Grafik: https://pbs.twimg.com/media/Fj14PMPWIAAE7tD?format=jpg&name=small]

EMX Royalty: Buy The Dip

https://seekingalpha.com/artic…alty-buy-the-dip#comments

Summary

• EMX Royalty Corporation is one of the worst-performing royalty/streaming stocks over the past 18 months, suffering a more than 50% drawdown from its Q1 2021 highs.
• However, while EMX Royalty stock has shed over $150 million in value, the company's portfolio has matured considerably, with multiple paying assets and a stronger development pipeline.
• Given that EMX is seeing significant growth in cash flow, I don't expect it to stay on the sale rack much longer, especially if we see a favorable Timok resolution.
• Based on what I believe to be a conservative valuation for EMX Royalty stock, I see nearly 60% upside from current levels, making this an attractive buying opportunity.

[Blockierte Grafik: https://static.seekingalpha.com/uploads/2022/12/15/45984866-16711300393540628_origin.png]

Triple Flag Acquires Royalty on Thunder Bay North Project

https://www.businesswire.com/news/home/20221219005150/en/

TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX:TFPM, NYSE:TFPM) is pleased to announce the acquisition of up to a 2.5% net smelter returns (“NSR”) royalty on the Thunder Bay North Project in Northern Ontario, Canada, owned by Clean Air Metals Inc. (“Clean Air Metals”), effective December 15, 2022 (the “Effective Date”) for up to an aggregate of C$15 million.
Highlights:

• Strategic commodities in Ontario: The Thunder Bay North Project is a platinum, palladium, copper, and nickel project is well situated near the City of Thunder Bay, Ontario, and the Lac des Iles Mine owned by Impala Platinum. More information on Clean Air Metals and the Thunder Bay Project can be found at www.cleanairmetals.ca.
• Robust Project Economics: January 2022 Preliminary Economic Assessment (“PEA”) features a 10-year ramp-access underground mine plan on both Current and Escape Deposits, with a Preliminary Feasibility Study planned for 2023.
• Social License to Operate: Agreement with three Proximate First Nation Communities the Fort William First Nation, Red Rock Indian Band, and Biinjitiwaabik Zaaging Anishinaabek.
• Exploration potential: The Thunder Bay North Project hosts the twin magma conduit bodies that host the Current and Escape deposits, with geological similarities to major PGE-Cu-Ni projects, such as Noril’sk. Clean Air Metals is advancing massive sulfide exploration targets.

[Blockierte Grafik: https://mms.businesswire.com/media/20221219005150/en/1668017/5/CAM_2022_royalty_TF_20221215_V003.jpg?download=1&_gl=1*1y1fk4n*_ga*MTk5MzcyNjE5Mi4xNjI2MzUxMDQw*_ga_ZQWF70T3FK*MTY3MTQ1MTA1MS4zMi4wLjE2NzE0NTEwNTEuMC4wLjA.]
Transaction Details:
The C$15 million will be funded in two tranches, with the first tranche of C$10 million funded on the Effective Date, and the remaining C$5 million to be paid on or before 90 days from the Effective Date of the royalty agreement, subject to compliance with the conditions to Rio Tinto Exploration Canada Inc.’s (“RTEC”) consent as set out below.
Clean Air Metals has been granted the right by Triple Flag to buy down up to 40% of the NSR royalty and to reduce the NSR royalty percentage to 1.5% on or before three years following the Effective Date of the royalty agreement, for C$10.5 million (assuming the closing of both tranches). Clean Air Metals has granted Triple Flag a right of first refusal on any future stream, royalty, or similar financing for the Thunder Bay North Project and an area of interest around the project.
The second tranche, consisting of C$5 million, will be paid on or before 90 days from the Effective Date, allowing time for due diligence and a decision by RTEC on whether or not to sell its 1% NSR royalty on a portion of the Thunder Bay North Project to Clean Air Metals for C$2 million, subject to certain conditions (“Put Option No. 1”). RTEC also has an alternative option to sell its 1% NSR to Clean Air Metals for C$3.5 million at a future date (“Put Option No. 2”). Put Option No. 2 is valid for the period from June 30, 2024 until 60 days after the filing of a feasibility study (as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) on SEDAR. Benton Resources Inc. has also provided its consent for the application of the royalty agreement to the Current deposit claims (formerly the Thunder Bay North claims held by Panoramic Resources Inc.) and Escape deposit claims formerly held by Benton Resources under option with RTEC. At either the expiry or closing of Put Option No. 1 or the election of RTEC to take Put Option No. 2, Clean Air Metals and Triple Flag will close the second tranche and the royalty agreement shall apply to the Escape deposit claims and be posted on title of the Escape deposit claims.

METALLA COMPLETES ACQUISITION OF STRATEGIC SILVER FOCUSED ROYALTY PORTFOLIO FROM FIRST MAJESTIC SILVER

METALLA TO ACQUIRE ROYALTY PORTFOLIO FROM ALAMOS GOLD

Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) is pleased to announce a royalty purchase agreement with Alamos Gold Corp ("Alamos") (NYSE: AGI) (TSX: AGI) dated December 22, 2022, pursuant to which Metalla will acquire from Alamos one silver stream and three royalties for $5 million of common shares of Metalla (the "Transaction").

TRANSACTION HIGHLIGHTS

[Blockierte Grafik: https://mma.prnewswire.com/media/1973594/Metalla_Royalty_and_Streaming_Ltd__METALLA_TO_ACQUIRE_ROYALTY_PO.jpg?w=500]

• Medium Term Development: The portfolio adds a silver stream on the Esperanza Gold Project ("Esperanza") being advanced by Zacatecas Silver Corp. ("Zacatecas").
• Accretive Growth and Increased Size and Scale: The addition of four royalties and stream from Alamos will expand Metalla's portfolio to 85 royalties and streams, and enhances Metalla's industry leading development pipeline and exposure to silver.
• Counterparty Diversification: Counterparties include Zacatecas, Mayfair Gold Corp. ("Mayfair"), Platinex Inc. ("Platinex") and Newpath Resources Inc. ("Newpath").
• Adds New Major Shareholder: We are excited to partner with Alamos, one of the Canada's leading gold producers with a market cap of ~$3.8 billion, which will become a meaningful shareholder at

METALLA PROVIDES 2022 YEAR-END REVIEW

https://www.prnewswire.com/new…end-review-301710532.html

"2022 was a significant year for Metalla and the precious metals royalty landscape," said Brett Heath, President and CEO of Metalla Royalty. "We announced five transactions, to acquire 15 new royalties, for a combined purchase price of $33.5 million in cash and stock. We took a defensive approach for the first three quarters of the year, given the increased merger and acquisition activity. After seeing several peer group companies acquired or merged into new entities, we see a tremendous opportunity to capitalize on our business strategy as we have seen in the fourth quarter of 2022. We believe Metalla has a significant advantage in 2023, attracting more high-quality third-party assets, given the size, scale, and track record."