Precious Metals

  • Special Meeting to be held August 9, 2022 in virtual format
  • The Board of Directors unanimously recommends that shareholders vote FOR the special resolution to approve the Arrangement in advance of the proxy deadline of 11:00 a.m. (Eastern time) on August 5, 2022

 Nomad Royalty Company Ltd. (TSX: NSR) (NYSE: NSR ) (" Nomad " or the " Company ") is pleased to announce that the Company has filed its management information circular (the " Circular ") for the special meeting (the " Meeting ") of the Company's shareholders (the " Shareholders ") to be held in a virtual format at 11:00 a.m. (Eastern time) on Tuesday August 9, 2022 to approve the previously announced acquisition of Nomad by Sandstorm Gold Ltd. (the " Purchaser ") by way of a plan of arrangement under the Canada Business Corporations Act (the  " Arrangement ").

Under the terms of the Arrangement, the Purchaser will acquire all of the outstanding common shares of the Company (the " Nomad Shares ") for a consideration per Nomad Share of 1.21 common shares of the Purchaser (the " Consideration "), all as more particularly described in the Circular.

Subject to Shareholders' approval, the final approval of the Arrangement by the Court (as defined below) and the satisfaction of the remaining closing conditions, including the receipt of certain regulatory approvals (with the condition with respect to the Competition Act ( Canada ) clearance having been fulfilled on June 3, 2022 ), the Arrangement is expected to close in the third quarter of 2022.

Recommendation of Nomad's Board of Directors

Based upon a number of factors, including the unanimous recommendation by the special committee of the board of directors of Nomad (the " Board "), the Board has unanimously, after receiving advice from financial advisors and outside legal counsel in evaluating the Arrangement, determined that the Arrangement is fair to the Nomad Shareholders and in the best interests of the Company and recommended that the Nomad Shareholders vote FOR the special resolution to approve the Arrangement. The reasons for the Board's recommendation and some of the key factors it considered in making its determination are described in detail in the Circular.

The Circular & the Meeting

On July 11, 2022, the Superior Court of Québec (the " Court ") granted an interim order in respect of the Arrangement (the " Interim Order "). The Interim Order authorizes Nomad to proceed with various matters relating to the Arrangement, including the holding of the Meeting for Shareholders to consider and vote on the Arrangement.

The Company will be holding the Meeting in a virtual format via live webcast at https://web.lumiagm.com/464962717 and using the following password: nomad2022 (case sensitive). During the audio webcast, Shareholders will be able to hear the Meeting live, and registered Shareholders and duly appointed proxyholders will be able to submit questions and vote at the Meeting.

The Circular, form of proxy or voting instruction form (as applicable) and letter of transmittal (the " Meeting Materials ") for the Meeting are expected to be mailed to registered Shareholders by Tuesday, July 19, 2022. Your vote is important. The Meeting Materials provide a description of the Arrangement and include certain information to assist Shareholders in considering how to vote on the Arrangement. You are urged to carefully review all Meeting Materials and, if you require assistance, to consult your tax, financial, legal or other professional advisors.

The Meeting Materials are also available on Nomad's website at https://nomadroyalty.com/en/investors/financial-reporting/ as well as under Nomad's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Only Shareholders of record as of the close of business (Eastern time) on July 5, 2022 and duly appointed and registered proxyholders are entitled to submit questions and vote at the Meeting. The deadline for completed proxies to be received by the Company's transfer agent is Friday, August 5, 2022 at 11:00 a.m. (Eastern time) .

Shareholder Questions and Assistance

If you have any questions about the procedures to be followed to vote at the Meeting or about obtaining and depositing the required form of proxy or voting instruction form, you should contact Computershare Investor Services Inc. at 1-800-564-6253 (toll-free in North America ) or at 514-982-7555 (for collect calls outside of North America ).

Annual SEC Filings

The Company also announces that it filed, on March 31, 2022 , its annual report on Form 40-F (the " Form 40-F ") for the year ended December 31, 2021 , with the U.S. Securities and Exchange Commission.  The Form 40-F can be accessed by visiting Nomad's profile on EDGAR at www.sec.gov . In addition, Nomad Shareholders may contact Nomad by mail at 1275 Av. des Canadiens-de-Montréal, Suite 500, Montreal , Québec, Canada H3B 0G4, by calling (438) 538-7555 or by email request to corporatesecretary@nomadroyalty.com to request copies of the Form 40-F free of charge, which includes the audited consolidated financial statements of Nomad as at and for the fiscal years ended December 31, 2021 and 2020. These financial statements are also available under Nomad's profile on SEDAR at www.sedar.com or Nomad's website at www.nomadroyalty.com/en/investors/financial-reporting/ .

Nomad Royalty Company Ltd. is a gold & silver royalty company that purchases rights to a percentage of the gold or silver produced from a mine, for the life of the mine. Nomad owns a portfolio of 21 royalty, stream and other assets, of which 8 are on currently producing mines. Nomad plans to grow and diversify its low-cost production profile through the acquisition of additional producing and near-term producing gold & silver streams and royalties. For more information please visit: www.nomadroyalty.com .

About Sandstorm Gold Ltd.

Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. After the closing of the Nomad transaction as announced on May 2, 2022 , Sandstorm will have acquired a portfolio of more than 250 streams and royalties, of which 39 of the underlying mines are producing. Sandstorm plans to grow and diversify its low-cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com .

For more information about Nomad, please visit our website at www.nomadroyalty.com or email us:

Vincent Metcalfe, CEO

Joseph de la Plante, CIO

vmetcalfe@nomadroyalty.com

jdelaplante@nomadroyalty.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. safe harbour provisions (collectively, " forward-looking statements "). The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and readers are cautioned not to put undue reliance on them.

All statements other than statements of historical fact included in this release, are forward-looking statements that involve various risks and uncertainties and are based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might", "have potential" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements, including but not limited to statements with respect to the anticipated completion and timing of completion of the Arrangement; the ability to obtain required Court, Shareholder and regulatory approvals for the Arrangement, and the timing of obtaining such approvals. Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.

Please consult the section titled "Risk Relating to the Arrangement and the Combined Company" in the Circular as well as section titled "Risk Factors" in Nomad's annual information form dated March 30, 2022 for the fiscal year ended December 31, 2021 , and section titled "Risks and Uncertainties" in Nomad's management's discussion and analysis of Nomad for the fiscal year ended December 31, 2021 and Nomad's interim management discussion and analysis of Nomad for the three months ended March 31, 2022 , each of which can be found under Nomad's profile on SEDAR at www.sedar.com and EDGAR at www.sec.gov . There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements contained in this press release are made as of the date of this press release. Nomad disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. If Nomad updates any one or more forward-looking statements, no inference should be drawn that Nomad will make additional updates with respect to those forward-looking statements.

SOURCE Nomad Royalty Company Ltd.

Cision View original content: http://www.newswire.ca/en/releases/archive/July2022/13/c5439.html

News Provided by Canada Newswire via QuoteMedia

NSR
Sokoman and Benton Provide an Update on Drilling at the Kraken Lithium and Grey River Gold projects, Southwest Newfoundland

Sokoman and Benton Provide an Update on Drilling at the Kraken Lithium and Grey River Gold projects, Southwest Newfoundland

East dyke swarm has multiple Li-bearing (spodumene) dykes up to 27 m wide, located 600 m to the east of the Kraken discovery dyke

Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to update shareholders on the drilling progress at both the Kraken Lithium and Grey River Gold projects in southwest Newfoundland

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Platinex Provides Update on W2 Cu-Ni-PGE Project and General Corporate Matters

Platinex Provides Update on W2 Cu-Ni-PGE Project and General Corporate Matters

Platinex Inc. (CSE: PTX) (Frankfurt: 9PX) ("Platinex" or the "Company") is pleased to provide an update on the W2 Copper-Nickel PGE (platinum group elements) project ("W2" or the "W2 Project"). The Company has recently completed go forward exploration plans at W2.

As part of the planning process, historical exploration and drilling data were analyzed, including 10,000 m of drilling by Aurora Platinum and Inco Limited, and airborne geophysical surveys by Aurora Platinum and Temex Resources. The Company has confirmed numerous drill targets, including step-outs within known areas of mineralization and new exploration targets in areas with no previous drilling. Dr. James Mungall, P. Geo., and Ike Osmani, P. Geo., advised management.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Strike Length of Lalonde Surface Battery Metals Mineralization Extended to 9km on Renforths Surimeau District Property

Strike Length of Lalonde Surface Battery Metals Mineralization Extended to 9km on Renforths Surimeau District Property

(TheNewswire)

Renforth Resources Inc.

July 26, 2022 TheNewswire - R enforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to inform shareholders that summer 2022 prospecting at Surimeau has successfully concluded with, amongst other findings, the extension of the known Lalonde surface battery metals mineralization to a strike length of 9 kms. on Renforth's wholly owned 330 sq km. property located south of Cadillac, Quebec and contiguous to the Canadian Malartic Mine. In the summer 2022 program Renforth continued to work to define the extent of surfacesub-surface polymetallic mineralization on the Surimeau District Property as evidenced by outcrop, drill results and geophysics. To date this has resulted in the definition of the Victoria mineralized structure at ~20km in length and the Lalonde mineralized structure now measuring ~9km in length.  A significant amount of ground remains untested, in part because Renforth has, to date, only used existing lumber roads and trails for access within the property.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Orogen Closes Acquisition of Kenyan and Mexican Royalties

Orogen Closes Acquisition of Kenyan and Mexican Royalties

TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce the closing of the transaction (previously announced June 9, 2022) with Advance Lithium Corp. ("Advance") (AALI) whereby Orogen acquired 3% net smelter royalties on three prospective mineral licenses (the "Royalties") in the Lake Victoria Gold Fields ("LVG") in western Kenya

As consideration, Orogen paid Advance US$120,000 for the Royalties and transferred its interest in the Sarape Gold project to Advance. Orogen will retain a 1.5% net smelter return royalty on the Sarape project ("Sarape Royalty").

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Argentina Lithium Expands Salt Flat Holdings at Salar de Rincon

Argentina Lithium Expands Salt Flat Holdings at Salar de Rincon

Argentina Lithium & Energy Corp. (TSX-V: LIT) (FSE: OAY3) (OTC: PNXLF) ("Argentina Lithium" or the "Company") is pleased to announce that it has won the public tender to purchase 100% interest of the Rinconcita II mining concession area (" Rinconcita II " or the " Property ") located on the Salar de Rincon in Salta Province Argentina from provincially-owned company Recursos Energéticos y Mineros Salta S.A. (" REMSA "). The Property consists of 460.5 ha of salt flat, located adjacent to and east of Argentina Lithium's Rincon West property, and located adjacent to and west of Rincon Mining's Rincon Project, which was purchased by Rio Tinto earlier this year.

Argentina Lithium & Energy Logo (CNW Group/Argentina Lithium & Energy Corp.) (CNW Group/Argentina Lithium & Energy Corp.)

"Our team identified the Salar de Rincon as an area of exceptional potential in 2021, leading to our initial property acquisition at Rincon West. Our positive drill results announced on July 13, 2022 have validated this confidence. The acquisition of Rinconcita II is a major step to add prime salt flat holdings to one of our leading projects. Our management team is looking forward to working with the Province to advance this project through exploration to assess its resource and production potential," stated Nikolaos Cacos , President and CEO.

The Salar de Rincon is located within the Lithium Triangle of northwest Argentina . Historic work on the salt flat has determined that this is a mature salar with potential for lithium and potash resources. The Rinconcita II concession is road accessible from the local towns of Olacapato and Estacion de Pocitos. An international highway and major electrical power corridor are located 26 km northeast of the Property. A railhead and natural gas pipeline are located 34 km southeast of the property.

There has been no significant historical exploration work on the Rinconcita II property. The Property was not sampled by Argentina Lithium prior to the bidding process, although Argentina Lithium is currently drilling on its adjacent optioned property at Rincon West (see Figure 1 map, mining concession Villanoveño II ).  Argentina Lithium has also acquired the additional mining concession Demasia Villanoveño II (20.5 ha) through applications presented at the Salta mining authority.

Non-Brokered Private Placement

To ensure that the Company has sufficient funds to complete the acquisition and for working capital, Argentina Lithium also announces a part and parcel non-brokered private placement financing of up to 12,500,000 units at a price of $0.20 per unit (the " Units ") for gross proceeds of $2,500,000 .

Each Unit will consist of one common share and one transferrable common share purchase warrant (a " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.38 per share for two (2) years from the date of issue.

This financing is subject to TSX Venture Exchange (" TSXV ") acceptance and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the Company may participate in a portion of the financing. A commission may be paid on a portion of the financing. The proceeds of the financing will be used in part to complete the acquisition. The balance will be used for general working capital and exploration on its properties in Argentina .

Terms of Purchase
  • The Company will make an Initial Payment to REMSA of USD 2.5 MM at the time of signing of the purchase agreement.
  • The Company agrees to pay REMSA a 3% Net Smelter Return (" NSR ") of mineral and refined products sourced from the Property over its production life, if it advances to the production stage.
  • The Company also presented a proposed exploration program that includes environmental permitting, ground geophysics and exploratory drilling.

The acquisition of the property is also subject to TSXV acceptance.

Qualified Person

David Terry , Ph.D., P.Geo. is the Company's Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Dr. Terry.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them toward production in order to meet the growing global demand from the battery sector. The management group has a long history of success in the resource sector of Argentina and has assembled a first-rate team of experts to acquire and advance the best lithium properties in the "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

_______________________________

Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements.  Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/argentina-lithium-expands-salt-flat-holdings-at-salar-de-rincon-301590709.html

SOURCE Argentina Lithium & Energy Corp.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Virtual Public Venture Company Investor Conference: Presentations Now Available for On-Demand Viewing

Virtual Public Venture Company Investor Conference: Presentations Now Available for On-Demand Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the August OTCQB Venture Virtual Investor Conference are now available for on-demand viewing.

REGISTER NOW OR LOGIN AT: https://bit.ly/3zyrFyM

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Alexco Announces the Filing of Management Information Circular in Connection with Special Meeting to Approve Acquisition by Hecla

Alexco Announces the Filing of Management Information Circular in Connection with Special Meeting to Approve Acquisition by Hecla

For any questions, please contact Alexco Resource's proxy solicitation agent and communications advisor, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (1-416-304-0211 outside North America ) or email assistance@laurelhill.com .

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announced today that it has filed and mailed the management information circular dated July 28, 2022 (the " Circular ") and related meeting materials (collectively, the " Meeting Materials ") for its special meeting (the " Meeting ") of shareholders (the " Shareholders "), optionholders, restricted share unit holders, and deferred share unit holders of Alexco (collectively, the " Securityholders ") to be held on August 30, 2022 at 10:00 am (Pacific Time) (the " Meeting ") in connection with the proposed business combination with Hecla Mining Company ( NYSE: HL ) (" Hecla "), announced on July 5, 2022 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Puma Exploration Announces Date for Annual and Special Meeting of Shareholders

Puma Exploration Announces Date for Annual and Special Meeting of Shareholders

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the " Company " or " Puma ") announces that its 2022 Annual and Special Meeting of Shareholders (the "Meeting") will be held on Tuesday, August 30, 2022, at 2 pm (EDT).

Again, this year, the Company will hold the Meeting via a live webcast at https://virtual-meetings.tsxtrust.com/1391 , where all Shareholders and their proxy holders, regardless of geographic location, will have an equal opportunity to participate. Shareholders and proxy holders will not be able to attend the Meeting in person. Further details and instructions about virtual participation are included in the Meeting materials available on the Company's website and under Puma's profile on www.SEDAR.com .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Snowline Gold Further Expands Mineralized Footprint of Valley Zone and Mobilizes Third Drill to Its Rogue Project, Yukon

Snowline Gold Further Expands Mineralized Footprint of Valley Zone and Mobilizes Third Drill to Its Rogue Project, Yukon

  • Sheeted vein mineralization observed across 700 m by 800 m area at Valley, with mineralization open in all directions and wider step-outs planned
  • Central corridor of high vein density up to 300 m wide, 600 m long (open) and 430 m deep (open) encountered in holes V-22-005, 007, 010, 012, 014 and 015
  • V-22-015 in system for entire 554 m length, with broad zones of high vein density
  • All assay results and latest drill core evaluations pending, drilling ongoing.

SNOWLINE GOLD CORP. (CSE:SGD) (OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has encountered gold bearing quartz vein mineralization in multiple large step-out holes at its Rogue project's Valley Zone in Canada's Yukon Territory (Figure 1). Characteristic sheeted veins are present at various intensities across the roughly 800 m width of the intrusion and extending into the surrounding hornfelsed rocks, and along 700 m of strike length tested to date. Of note is a corridor of high vein densities (commonly >15 veinsm) up to 300 m wide intersected across 600 m of strike length and open along strike, with robust mineralization intersected at 430 m below surface and open to further depth

Snowline Gold Corp., Wednesday, August 3, 2022, Press release picture

Figure 1 - Drilling progress at the Valley Zone, showing quartz vein densities in drill core. Veins range in thickness from several mm to 30 cm true width. Vein densities are considered by the Company a general indicator of gold potential, though other factors can influence grade within and between holes. Assays remain pending for all holes drilled in 2022. A potential southeastern extension of the Valley intrusion is suspected based on aerial magnetic data collected in 2021 and 2022.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Snowline Gold Announces Completion of Second Tranche of Non-Brokered Private Placement for C$2.9 Million

Snowline Gold Announces Completion of Second Tranche of Non-Brokered Private Placement for C$2.9 Million

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Snowline Gold Corp. (CSE:SGD) (the "Company" or "Snowline") is pleased to announce that it has completed the second tranche of its previously announced (July 5, 2022) non-brokered private placement, issuing 2,342,293 units of the Company (the "Units") at a price of C$1.25 per Unit, for aggregate gross proceeds of C$2,927,866. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"), with each Warrant being exercisable for one common share of the Company at an exercise price of C$2.50 until August 2, 2024 (the "Offering

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
GCM Mining Announces Second Quarter 2022 Results Webcast

GCM Mining Announces Second Quarter 2022 Results Webcast

GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it will release its second quarter and first half 2022 results after market close on Thursday, August 11, 2022 and will host a conference call and webcast on Friday, August 12, 2022 at 9:00 a.m. Eastern Time to discuss the results.

Webcast and call-in details are as follows:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×