Elemental Royalty Completes the Acquisition of Vizsla Royalties and Its 2-3.5% NSR Royalties on the Panuco Project
Elemental Royalty has completed its previously announced acquisition of Vizsla Royalties Corp. by court-approved plan of arrangement, acquiring the 2.0%-3.5% net smelter return royalties on Vizsla Silver's Panuco silver-gold project in Mexico. Consideration comprised approximately C$82 million in cash plus roughly 8.1 million Elemental shares, and former Vizsla Royalties shareholders now own approximately 11.19% of Elemental's outstanding common shares. The Panuco Royalties are uncapped, life-of-mine interests covering the entire existing resource at Panuco, which CEO David Cole called one of the sector's most compelling development royalties with a clear path toward production.
Key figures
- Shares issued
- 8107478
- Exchange ratio
- 0.15 Elemental shares per Vizsla Royalties share
- Total royalties
- more than 200
- Producing assets
- 18
- Royalty interest
- 2.0%-3.5% NSR, life-of-mine, uncapped
- Cash consideration
- approximately C$82 million
- Cash election per share
- C$4.13
- Pro forma ownership pct
- 11.19%
AI analysis
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