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/