Mergers & Acquisitions ·
Elemental Royalty Corporation completed its acquisition of Vizsla Royalties Corp., securing the target's 2.0% to 3.5%…
ELEElemental Royalty Corp
Elemental Royalty Corporation completed its acquisition of Vizsla Royalties Corp., securing the target's 2.0% to 3.5% net smelter returns royalties on the Panuco silver-gold project in Mexico. The transaction involved an aggregate cash consideration of approximately C$82 million and the issuance of roughly 8,107,478 Elemental common shares to former Vizsla Royalties shareholders, who now hold approximately 11.19% of Elemental's outstanding equity. These life-of-mine interests are uncapped and cover existing resources at Panuco. Elemental Royalty Corporation operates in the mining royalty and streaming sector.