Altus announces transformational acquisition of cash paying royalty on caserones copper mine in chile for us$34.1 million

Altus Strategies Plc announces it has entered into an agreement dated 16 August 2021 to acquire an effective 0.418% net smelter return royalty (“NSR”) interest on the producing Caserones Copper Mine (“Caserones”), located in the Atacama region of northern Chile (the “Acquisition”). Altus expects the Caserones NSR to provide the Company with immediate and long-term cash flows, in line with its stated growth strategy. Closing is anticipated to take place in two phases, with both closings being completed by 01 September 2021. The consideration to be paid by Altus for the NSR interest is US$34.1 million in cash. The NSR interest will be acquired from private vendors via a special purpose vehicle (“SPV”) incorporated in Chile. Altus Royalties Ltd (“ARL”, a 100% owned subsidiary of Altus) and TSX-V and NYSE American listed EMX Royalty Corporation (“EMX”) have equal ownership of the SPV.

http://www.thenewswire.com/press-releases/1AlpF60lm-cash-paying-royalty-on-caserones-copper-mine-in-chile-to-be-acquired-for-us341-million-us29-million-acquisition-loan-facility-from-la-mancha-strategic-partnership-with-emx-royalty-corporation.html