Results of General Meeting & Issue of Conditional Placing Shares and Gold Portfolio Acquisition Update

General Meeting

Trident Royalties Plc (AIM:TRR), the growth-focused mining royalty and streaming company, is pleased to announce that further to the announcements on 13 December, all resolutions proposed to shareholders at the Company’s General Meeting held earlier today were duly passed on a poll. As a result, the Company is now able to issue the 13,118,057 Conditional Placing Shares, as defined in the Company’s announcement of 14 December 2021.

Full details of the poll results can be found on the Company’s website at www.tridentroyalties.com/investors/investor-downloads.

Conditional Placing Shares Settlement and Dealings

Application has been made to the London Stock Exchange Plc for the admission to trading on AIM of the 13,118,057 Conditional Placing Shares which will rank pari passu with the Company’s existing issued ordinary shares of 1p each (“Ordinary Shares”) from their issue. Admission of the Conditional Placing Shares to trading on AIM is expected to take place at 8:00am on 11 January 2022.

Gold Portfolio Acquisition Update

The proposed acquisition of a portfolio of producing gold offtake streams from funds managed by Orion Resource Partners (“Orion”) for total consideration of US$69.75 million (the “Acquisition”) is also expected to occur on 11 January 2022. As part of the Acquisition, the Company is issuing to the Sellers (as defined in the Company’s announcement of 13 December 2021) 20,471,151 Ordinary Shares to as part of the consideration (“Consideration Shares”)

Consideration Shares Settlement and Dealings

Application has been made to the London Stock Exchange Plc for the admission to trading on AIM of the 20,471,151 Consideration Shares, which will rank pari passu with the Company’s existing issued Ordinary Shares from their issue. Admission of the Consideration Shares to trading on AIM is expected to take place at 8:00am on 11 January 2022..

Application has therefore been made for the admission to trading on AIM of a total of 33,589,208 Ordinary Shares, comprising the 13,118,057 Conditional Placing Shares and the 20,471,151 Consideration Shares, with admission expected to take place on 11 January 2022.

In addition, the Company has submitted a utilisation request under the $40 million secured loan facility agreement with Macquarie Bank Limited, the proceeds of which will be applied to part fund the Acquisition.

Completion of the Acquisition and transfer of the portfolio of producing gold offtake streams to Trident is expected to take place upon the issue of the Consideration Shares.

CEO Adam Davidson recently provided an update of the business and its strategy below