Gold Royalty and Ely Gold to Combine to Create a Leading Growth and Americas-Focused Precious Metals Royalty Company
Creation of a Leading Growth and Americas-Focused Precious Metals Royalty Company - the transaction creates a new, sizable Americas-focused royalty company with a peer-leading resource endowment and a robust development pipeline, including nearly 100 royalties on various production, near-production, development and exploration assets.
- Creation of a Leading Growth and Americas-Focused Precious Metals Royalty Company - the transaction creates a new, sizable Americas-focused royalty company with a peer-leading resource endowment and a robust development pipeline, including nearly 100 royalties on various production, near-production, development and exploration assets.
- The acquisition of Ely Gold is consistent with our strategy of identifying opportunities to create shareholder value.
- This transaction creates value for both Ely Gold and GRC shareholders - with the further potential upside through a significant value re-rating - and results in the immediate creation of a leading growth and Americas-focused precious metals royalty company."
- Trey Wasser, CEO, President and Director of Ely Gold, who will be joining New GRC's board of directors, commented: "This is a great outcome for Ely Gold shareholders.