DealsApr 14, 2026, 07:02 AM
OR Royalties Secures $28M Precious Metals Stream on Canadian Copper Assets
AI Summary
OR Royalties Inc. has entered a binding agreement for a $28.0 million precious metals stream on Canadian Copper Inc.'s New Brunswick assets, including the Murray Brook and Caribou properties. The stream involves 20% of payable silver and gold for the life of mine, with an initial $5.0 million payment upon closing and $23.0 million funded quarterly. This transaction is expected to add to OR Royalties' 5-year gold equivalent ounces growth profile and maintains its focus on precious metals, with first production anticipated by 2029.
Key Highlights
- Secured $28.0 million precious metals stream on Canadian Copper's New Brunswick assets.
- Stream includes 20% of payable silver and gold for life of mine.
- Initial $5.0 million payable at closing, $23.0 million funded quarterly.
- Project expected to achieve first production by 2029.
- OR Royalties to subscribe $4.0 million in Canadian Copper shares at C$0.75.