Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is pleased to announce it has entered into a three-year mutual cooperation agreement with Taurus Mining Royalty Fund L.P. (“Taurus”) that provides each party the ability to coinvest in certain precious metals royalties and streams sourced by the other party. The agreement provides a framework for cooperation and communication amongst the parties in the identification and evaluation of potential co-investment opportunities. The agreement grants each party the right but not the obligation to invest between 25% and 50% in select asset transactions with a value of US$30 million or more. Future dispositions of interests acquired by a co-investment partner through the arrangement will be subject to rights of first offer to the other co-investment partner.
John Griffith, Chief Development Officer noted: “We are pleased to have entered into this mutually beneficial strategic partnership with Taurus, a leading financier to the global mining industry. The partnership not only expands our reach in terms of identifying potential opportunities, but also allows us to pursue larger high-quality investments than we may be able to consider on a standalone basis. The agreement also offers Gold Royalty enhanced access to new and complementary geographic regions. It is a very exciting boost to our M&A capabilities and we look forward to working with the Taurus team going forward.”
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty`s diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.