Extractive Industries

Altus completes final closing on NSR for Caserones copper

Altus Strategies plc has completed the second and final closing to acquire 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine in the Atacama region of northern Chile.

Agreement: Altus has principally financed the deal with a $29m acquisition loan facility (Minera Lumina Copper Chile)

Altus is acquiring the NSR interest for US$34.1 million through a strategic 50:50 partnership with EMX Royalty Corporation.

Altus and EMX have created a special purpose vehicle incorporated in Chile that is owned jointly by Altus and EMX.

The SPV has now acquired an effective 0.836% NSR royalty for US$68.2 million.

Altus has principally financed the acquisition with a $29m acquisition loan facility agreement provided by La Mancha Fund SCSp.

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