Trident Royalties PLC's (LON:TRR) (FRA:5KV) Adam Davidson talks to Proactive London about the announcement of a 'transformational' lithium royalty acquisition & fundraising of over £20m.
The proposed acquisition is of a 60% interest in an existing gross revenue royalty over the Thacker Pass Lithium Project operated by Lithium Americas Corp (NYSE: TSX: LAC) ("LAC") from an Orion Mine Finance Fund ("Orion") for a total consideration of US$28 million.
Less than ten months after listing on AIM, 'our overall strategy is to build a portfolio that is representative of the mining sector as a whole so a adding critical battery metal and one that is universally forecast to be in supply shortfall'.