Elemental Royalty Announces First Close of Royalty and Streaming Portfolio Alongside Upsized US$250M Credit Facility
Elemental Royalty completed the first close of its acquisition of four royalty and streaming assets from Orion Mine Finance, paying US$188 million in cash plus 3,942,881 common shares. The acquired portfolio includes the Ruby Hill/Granite Creek silver stream, Kouroussa gold stream, Homestake District royalty and La Negra royalty; the Snowy River stream is expected to close in Q1 2027 pending New Zealand approvals. In conjunction, the company upsized its revolving credit facility from US$150 million to US$250 million with a US$50 million accordion, priced at SOFR plus 2.25%-3.5% on a three-year term.
Key figures
- Deal Value Usd
- 290000000
- Facility term
- 3 years
- Credit facility
- US$250 million, upsized from US$150 million
- Facility pricing
- SOFR + 2.25%-3.5%
- Accordion feature
- US$50 million (to US$300 million total)
- Upfront cash paid
- 188000000
- La negra throughput
- 2,500 tonnes per day beginning H2 2027
- Shares issued to orion
- 3942881
- La negra pea production
- 4.1 Moz AgEq average annual over 8.2-year mine life
- Shares outstanding post close
- 76471207
AI analysis
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