GROY - GOLD ROYALTY FORGES STRATEGIC ALLIANCE WITH TAURUS MINING ROYALTY FUND | Benzinga
VANCOUVER, BC, April 24, 2024 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE:GROY) is pleased to announce it has entered into a three-year mutual cooperation agreement with Taurus Mining Royalty Fund L.P. ("Taurus") that provides each party the ability to coinvest in certain precious metals royalties and streams sourced by the other party. The agreement provides a framework for cooperation and communication amongst the parties in the identification and evaluation of potential co-investment opportunities. The agreement grants each party the right but not the obligation to invest between 25% and 50% in select asset transactions with a value of US$30 million or more. Future dispositions of interests acquired by a co-investment partner through the arrangement will be subject to rights of first offer to the other co-investment partner.
John Griffith, Chief Development Officer noted: "We are pleased to have entered into this mutually beneficial strategic partnership with Taurus, a leading financier to the global mining industry. The partnership not only expands our reach in terms of identifying potential opportunities, but also allows us to pursue larger high-quality investments than we may be able to consider on a standalone basis. The agreement also offers Gold Royalty enhanced access to new and complementary geographic regions. It ...