11/30/2022 0 Comments Private gold streamThe two companies may partner together whereby Sandstorm purchases streams on the precious metal by-products from the copper project acquisitions made by Horizon Copper. Horizon Copper's business intent is to actively grow its existing portfolio of assets, with a focus on copper projects. Horizon Copper will become a strategic partner to Sandstorm that will allow both companies to collaborate on future acquisitions. Additionally, the creation of Horizon Copper offers Sandstorm a strategic partner, allowing the Company to collaborate on larger, more accretive deals across the mining industry. Through the proposed Transaction, Sandstorm takes the first step in repositioning itself as a pure-play precious metals streaming and royalty company, while still retaining long-term exposure to the robust economics and potential growth of Hod Maden. The transformation of the Company's interest in Hod Maden into a gold stream is integral to our corporate strategy of unlocking hidden value in Sandstorm's portfolio." "Our desire is for Sandstorm to be a royalty and streaming company exclusively while ensuring the Company achieves industry-leading growth. " Streamline is a key theme for Sandstorm this year," commented Nolan Watson, Sandstorm's President & CEO. Any following references to the "Resulting Issuer" or "Horizon Copper" are to Royalty North after the closing of the RTO. Upon completion of the RTO, Royalty North will change its name to Horizon Copper Corp. The transaction will be a "Reverse Takeover" of Royalty North (the "RTO" or the "Transaction") under the policies of the TSX Venture Exchange (the "TSX-V"). In exchange, Sandstorm will receive a flagship US$200 million gold stream on the Hod Maden project, together with equity and debt consideration outlined below. ("Royalty North" or "RNP") (TSXV: RNP) whereby RNP will acquire certain non-royalty and non-stream assets from Sandstorm, including the Company's 30% equity interest in the Hod Maden project. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that it has signed a letter of intent (the "LOI") with Royalty North Partners Ltd. 17, 2022 /PRNewswire/ - Sandstorm Gold Ltd.
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