Date Announced

June 13, 2024

Lead Office

Vancouver

Value

144.00 Million GBP

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).