29 June 2022
Trident Royalties Plc
("Trident" or the "Company")
Appointment of Non-Executive Director
Trident Royalties Plc (AIM: TRR, FSX: 5KV), the diversified mining royalty company, is pleased to announce the appointment of Mr. David Reading as a Non-Executive Director with immediate effect.
David is currently a special advisor to Collective Mining (TSXV: CNL) and Roscan Gold (TSXV: ROS), as well as a Non-Executive Director and head of the technical committee of Diamond Fields Resources (TSXV: DFR).
David previously held Chief Executive Officer positions at Aureus Mining (TSX & AIM: AUE) and European Goldfields and was formerly Chief Geologist and SVP Exploration & New Business for Randgold Resources. From 2018 to 2020 David served as Special Advisor to the board of directors and CEO of Continental Goldfields Inc (TSX: CNL), undertaking a full review of all geology and exploration data and previous work providing strategic advice and being extensively involved in its sale to Zijin. Mr. Reading has over 40 years' experience in the mining industry covering all stages of mine development, including exploration, feasibility, financing, construction and operations. He has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and is a Fellow of the Society of Economic Geologists.
David Reading, Non-Executive Director, commented:
"I am delighted to join the board of Trident and leverage my mining, development and exploration skills in the hunt for new and accretive royalty acquisitions.
"I look forward to assisting Adam and his team with helping further advance Trident's business and in turn create value for our shareholders."
Paul Smith, Non-Executive Chairman, commented:
"I am delighted to welcome David to our Board. His extensive technical and geological experience compliments the Board's existing skills and will help management as they continue to identify and evaluate opportunities to drive further value for our shareholders."
Further regulatory Information in relation to the appointment of Mr David Reading
| Full name: David John Richard Reading | |
| Age: 66
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| Current directorships or partnerships:
David Reading Consulting Limited Diamond Fields Resources Incorporated
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| Former directorships or partnerships (previous 5 years):
Cordoba Minerals Corporation
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| Ordinary shares held in the Company (at 27 June 2022) | Nil |
There is no further information required to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
** Ends **
Contact details:
| Trident Royalties Plc Adam Davidson / Paul Smith | www.tridentroyalties.com +1 (757) 208-5171 / +41 79 947 1348 |
| Grant Thornton (Nominated Adviser) Colin Aaronson / Samantha Harrison / Samuel Littler | +44 020 7383 5100 |
| Stifel Nicolaus Europe Limited (Joint Broker) Callum Stewart / Ashton Clanfield | +44 20 7710 7600 |
| Tamesis Partners LLP (Joint Broker) Richard Greenfield | +44 20 3882 2868 |
| Hudson Sandler Investor Relations: John Smelt Public Relations: Charlie Jack / Harry Griffiths | +44 207 796 4133 |
About Trident
Trident is a growth-focused diversified mining royalty and streaming company, providing investors with exposure to a mix of base battery, precious, and bulk metals.
Key highlights of Trident's strategy include:
| · | Building upon a royalty and streaming portfolio which broadly mirrors the commodity exposure of the global mining sector (excluding fossil fuels) with a bias towards production or near-production assets, differentiating Trident from the majority of peers which are exclusively, or heavily weighted, to precious metals;
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| · | Acquiring royalties and streams in resource-friendly jurisdictions worldwide, while most competitors have portfolios focused on North and South America;
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| · | Targeting attractive small-to-mid size transactions which are often ignored in a sector dominated by large players;
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| · | Active deal-sourcing which, in addition to writing new royalties and streams, will focus on the acquisition of assets held by natural sellers such as: closed-end funds, prospect generators, junior and mid-tier miners holding royalties as non-core assets, and counterparties seeking to monetise packages of royalties and streams which are otherwise undervalued by the market;
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| · | Maintaining a low-overhead model which is capable of supporting a larger scale business without a commensurate increase in operating costs; and
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| · | Leveraging the experience of management, the board of directors, and Trident's adviser team, all of whom have deep industry connections and strong transactional experience across multiple commodities and jurisdictions. |
The acquisition and aggregation of individual royalties and streams is expected to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio. Further value is expected to be delivered by the introduction of conservative levels of leverage through debt. Once scale has been achieved, strong cash generation is expected to support an attractive dividend policy, providing investors with a desirable mix of inflation protection, growth and income.
Forward-looking Statements
This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Trident provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Trident believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Mining exploration and development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Trident will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward‐looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.
Third Party Information
As a royalty and streaming company, Trident often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties and investments, or such information is subject to confidentiality provisions. As such, in preparing this announcement, the Company often largely relies upon information provided by or the public disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the date of this announcement.
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