Trident Royalties CEO Adam Davidson joins Natalie Stoberman from the Proactive studio to share more updates behind the company's sale of several pre-production gold royalties to Franco-Nevada, a gold-focused royalty and streaming company with one of the largest and most diversified portfolio of cash-flow producing assets.
Davidson says the deal is worth up to US$15.8 million in cash proceeds. The royalties sale also allows Trident to hold estimated pro forma cash of approximately US$35 million, placing the Company in a strong position to pursue new opportunities and capitalize on current weakness in traditional debt and equity markets, particularly in non-precious metals commodities.