TRR - Trident Royalties adds to portfolio with acquisition of a royalty on the Antler Copper Project

(NewsDirect)

Trident Royalties CEO Adam Davidson joinedSteve Darling from Proactive to share significant news that thecompany has entered into a binding royalty purchase agreement with NewWorld Resources Limited to acquire a net smelter return (NSR) royaltyon all metal production from New World's flagship Antler CopperProject in Arizona.

This marksTrident's fifth transaction of the year.

Under the agreement, Trident Royaltieswill pay A$11 million in cash for the royalty. The acquired royaltyincludes a 0.90% NSR royalty over the entire current tenement packagecovering the Antler Copper Project, including the Antler deposit andfive named exploration targets.

Additionally, it includes a 0.45% NSR royalty over any groundsubsequently acquired by New World within 5 kilometers of the ProjectArea Royalty boundary.

The AntlerCopper Project is an advanced-stage, high-grade copper-zincpolymetallic deposit located in a secure mining-friendly jurisdiction.It boasts a JORC (2012) compliant Mineral Resource estimate of 11.4million tonnes at 4.1% copper (CU)-equivalent, representingapproximately 467,000 tonnes of Cu-equivalent.

The project is currently undergoing aPre-Feasibility Study, with pre-construction development work expectedto commence in Q1 2025.

Trident Royalties continues to expandits portfolio with strategic royalty acquisitions, solidifying itsposition as a key player in the mining and royalties space. Thislatest transaction underscores the company's commitment to growthand its confidence in the long-term potential of the Antler CopperProject.

Contact Details

ProactiveInvestors

+1 604-688-8158

na-editorial@proactiveinvestors.com

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