Elemental Royalty Completes the Acquisition of Vizsla Royalties and Its 2-3.5% NSR Royalties on the Panuco Project
Elemental Royalty Corporation (NASDAQ/TSX: ELE) has completed its court-approved acquisition of all outstanding shares of Vizsla Royalties Corp. (TSXV/OTCQX: VROY) by plan of arrangement. Through the deal, Elemental picked up Vizsla Royalties' 2.0%-3.5% net smelter return royalties on Vizsla Silver's Panuco silver-gold project in Mexico — uncapped, life-of-mine interests covering the entire existing resource. Consideration following elections and proration totaled approximately C$82 million in cash plus roughly 8,107,478 Elemental shares; former Vizsla Royalties shareholders now own about 11.19% of Elemental.
Key figures
- Deal Value Usd
- approximately C$82 million cash consideration (CAD-denominated) plus ~8,107,478 Elemental shares
- Shares issued
- 8107478
- Total royalties
- more than 200
- Producing assets
- 18
- Royalty interest
- 2.0% to 3.5% NSR, life-of-mine, no caps, buybacks or step-downs
- Cash consideration
- approximately C$82 million
- Share exchange ratio
- 0.15
- Per share cash election
- C$4.13
- Former vroy holders ownership
- 11.19%
AI analysis
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