Deterra Royalties' proposed acquisition of Trident Royalties for £144M

On June 13, 2024, the boards of directors of Deterra Royalties ("Deterra") and Trident Royalties ("Trident") announced that they have reached an agreement on the terms and conditions of a recommended all-cash offer by Deterra for the entire issued and to be issued share capital of Trident. It is intended that the transaction will be implement by way of a court-sanctioned scheme of arrangement under the UK Companies Act. The cash consideration values Trident's entire issued and to be issued share capital at approximately £144 million.

Deterra is a company, operating out of Perth, Australia, that operates a royalty business model which involves the management and growth of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals.

McCarthy Tétrault is assisting Deterra with a team led by Roger Taplin that includes Patrick Deutscher, Geena Lee (Business) and Andrew Kalamut (Litigation).