Trident Royalties: Royalty payments up 55% on previous quarter

30th April 2021

Trident Royalties Plc has seen an increase in royalty payments and increased exposure to battery metals, in a Q1 2021 update released to the market today. Royalty payments totalled c. US$451,314 from royalty producing assets, up 55% over Q4 2020. Trident also completed its most significant transaction to-date with the acquisition of a 60% interest in a gross revenue royalty (“GRR”) over the Thacker Pass Project (“Thacker Pass”), for a total consideration of US$28.0 million, comprising US$26 million in cash and US$2million in new ordinary shares in Trident. Thacker Pass contains the largest defined lithium Mineral Reserve in the United States. CEO Adam Davidson hailed the progress made in the period as “…perhaps the most significant for Trident since its admission to trading on AIM less than a year ago.”

CEO Adam Davidson provides an overview of the business and its strategy below

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