Trident Resources #TRR acquires Iron Ore mining royalty and launches diversified growth strategy

London South East interviewed Adam Davidson, CEO of Trident Resources, soon to be renamed Trident Royalties, about the launch of their diversified mining royalty and streaming company. #TRR

Trident announced the acquisition of their first Iron Ore mining royalty in Australia on 25th March. The plan is to move from the London Main Market to AIM, rename the company and contemporaneously raise $20 to $30 million in financing by May. "We are raising financing in conjunction with the relisting so we are targeting to be on AIM and to have raised some capital , and from there we can entirely focus on acquiring royalties.

We have a robust and sometimes overwhelming pipeline, and since we went public with our first acquisition we have been inundated with new opportunities" said Mr Davidson. Around 16 mining royalty companies are listed in Canada, none in Australia and only one in London. Most are precious metals focused and Trident see a gap in the market. They aim to develop a fully diversified portfolio of assets allowing investors exposure to the full range of mining opportunities - iron ore, zinc and battery metals, and not just precious metals.

Trident Resources: A new growth-focused diversified mining royalty company

Adam Davidson, CEO of Trident Resources PLC, tells Proactive London's Andrew Scott they're a new mining royalty and streaming company looking to give investors exposure to a mix of base and precious metals as well as bulk materials.

He adds that they've recently agreed to acquire a royalty over part of the Koolyanobbing iron ore operation in Western Australia for a staged cash consideration totalling A$7mln.

Davidson says they have a pipeline of 'attractive' follow-on deals which he's expecting to announce in the near-term.

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