Metalla Royalty & Streaming has busy first quarter; consolidates Nova Scotia asset streams
St Barbara got its hands on the Fifteen Mile Stream project via its takeover of Atlantic Gold in July this year
Company
CNSX:MTA
Metalla was created for the purpose of providing shareholders with leveraged precious metal exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our Resource Estimate Tonnes Gold (000's) (g/t) (Koz) Indicated Resources 1,268 6.51 265 Inferred Resources 2,373 5.32 406 Total Resources 3,641 5.71 671 strong foundation of current and future cash-generating asset base, combined with an experienced team, gives Metalla a path to become one of the leading gold and silver companies for the next commodities cycle.
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St Barbara got its hands on the Fifteen Mile Stream project via its takeover of Atlantic Gold in July this year
The Vancouver-based company more than doubled the size of its royalty portfolio over its fiscal year to 42 projects
The company completed its acquisition of a new royalty on St Barbara Ltd’s Fifteen Mile Stream project in Nova Scotia
The payment, to a third party, will be divided into C$500,000 up front and another C$1.5 million once the royalty payer exercises its buy-back right
“We see this listing helping Metalla generate increased trading liquidity and access to a significantly larger investor base adding value for shareholders," said Brett Heath, Metalla's CEO
Gross provisional sales are expected to be between C$8.5mln and C$9.5mln, while net revenue is expected to between C$5.5mln and C$6.5mln.
Metalla has a 2% net smelter royalty on production from Joaquin