Gold Royalty Corp. (NYSE American: GROY) is pleased to announce that it has entered into an agreement to acquire a portfolio of 22 royalties located in Québec from SOQUEM, a subsidiary of Investissement Québec, for C$1 million in common shares of the Company.
David Garofalo, Chairman and CEO of Gold Royalty, commented, “We are excited to further expand our royalty position in Québec, one of the best mining jurisdictions in the world, to now over 90 royalties by acquiring a highly prospective royalty portfolio from SOQUEM. The Portfolio covers over 65,000 hectares and is primarily focused on gold properties. Several of the properties are being advanced by leading mining companies such as Osisko Mining, IAMGOLD, and Probe Gold. Furthermore, we look forward to welcoming Investissement Québec as a strategic shareholder and look forward to exploring further opportunities for growth in the province.”
Acquisition Highlights and Overview
Table 1. SOQUEM Royalty Portfolio
Property | Royalty | Commodities | Operator |
Aquilon | 1.0% NSR | Au | Sirios Resources |
Casault | 1.0% NSR | Au | Midland Exploration |
Chute-des-Passes | 0.5% NSR | Ni | Canada Silver Cobalt Works |
Des Meloizes | 3.0% NSR | Zn, Ag | Generic Gold Corp |
Detour | Milestone Payment | Au | Probe Gold |
Dileo Nord | 1.0% NSR | Cu, Mo, Au, Ag | Troilus Gold Corp |
Duquet | 0.75 NSR | Zn, Cu, Pb, Au | Azimut Exploration Inc. |
Eastmain Ouest | 0.7% NSR | Au | Azimut Exploration Inc. |
Fancamp | 1.5% NSR | Au | IAMGOLD |
Generation Selbaie Bloc 5-6 | 1.0% NSR | Au, Ag | Midland Exploration |
Generation Selbaie Bloc 7 | 0.5% NSR | Zn | Maple Gold Mines / Agnico Eagle |
Gîte Fenton | 1.0% NSR | Au, Mo | Cartier Resources Inc |
Hazeur | 1.0% NSR | Au | BTM Corporation |
Jouvex | 1.0% NSR | Au | Midland Exploration |
La Roncière | 1.25% NSR | Au | Imperial Mining Group |
Lingwick | 1.5% NSR | Cu, Zn, Au, Ag | Midland Exploration |
Monique | 0.38% NSR | Au | Probe Gold |
Noyard | 1.0% NSR | Au | Vior |
Noyell | 1.0% NSR | Au, Zn | Magna Terra Minerals |
Pitt Gold | 1.0% NSR | Au | Duquesne Gold Mines |
Quévillon Nord | 1.0-2.0% NSR | Ag | Osisko Mining |
Vanadium | 2.0% NPI | V2O5, Fe, TiO2 | BlackRock |
Verneuil | 0.5% NSR | Au | Vior |
Closing of the transaction is subject to customary conditions, including the waiver or expiry of applicable third party rights, and is expected to occur prior to the end of the current quarter.
About Gold Royalty Corp.
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty’s diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.
About SOQUEM
SOQUEM is a leader in Québec’s mineral exploration industry. As a subsidiary of Investissement Québec, its mission is to promote the exploration, discovery, and development of the province’s mineral resources.
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