Royalty North purchases copper-gold assets from Sandstorm
Published by Will Owen,
Editor
Global Mining Review,
Royalty North Partners Ltd. (RNP) has entered into a letter of intent (LOI) with Sandstorm Gold Ltd., dated 17 February 2022, whereby RNP will acquire certain copper-gold assets from Sandstorm, repositioning RNP as a high-growth copper mining company.
The assets acquired by RNP include a 30% equity interest in the Hod Maden copper-gold project and approximately 49.7 million shares in Entrée Resources Ltd.
The transaction will constitute a ‘Reverse Takeover’ transaction (RTO) for Royalty North under the policies of the TSX Venture Exchange.
Upon completion of the transaction, RNP plans to change its name to Horizon Copper Corp., or such other name as may be determined.
Read the article online at: https://www.globalminingreview.com/mining/22022022/royalty-north-purchases-copper-gold-assets-from-sandstorm/
You might also like
Electrification in Mining virtual conference
Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.
Epiroc releases new long feed version of drill rig
Epiroc has announced the release of a new long feed version of the SmartROC C50 drill rig.