Steel Tiger plc Uk Regulatory Announcement: Investment decision in Trident Royalties

LONDON–(Organization WIRE)– 

Steel Tiger plc

(“Metal Tiger” or the “Enterprise”)

Expense in Trident Royalties

Metal Tiger plc (Aim: MTR), the London Stock Trade Intention detailed trader in natural source opportunities, is pleased to announce that it has conditionally subscribed for 474,043 new ordinary shares of 1 pence each individual (“Trident Shares”) in Trident Royalties PLC (“Trident”) (LSE:TRR) at a price tag of 34 pence for every share, for a complete financial commitment of £161,175 (US$225,000) (the “Investment”). The Investment decision is a stick to-on to an present investment in Trident.

The Investment decision forms aspect of a inserting of, and membership for, new Trident Shares boosting close to £20.7 million (somewhere around US$28.9 million) (the “Placing”) to finance the acquisition of a 60% desire in an present gross earnings royalty above the Thacker Move Lithium Project operated by Lithium Americas Corp (NYE: TSX: LAC). The Positioning is conditional on, inter alia, admission of the new Trident Shares to investing on Goal.

Trident is a expansion-focused, diversified mining royalty and streaming firm, aiming to deliver buyers with exposure to a blend of base and cherished metals, bulk supplies (excluding thermal coal) and battery metals.

Metal Tiger will keep 1,034,043 shares of Trident on completion of the Positioning, representing approximately .61% of Trident’s issued share cash.

Trident’s announcement relating to the Putting can be located at the following url:

https://www.londonstockexchange.com/information-post/TRR/lithium-royalty-acquisition-fundraising-of-ps20m/14906109

Mark Potter, Director and Main Investment Officer of Steel Tiger, is an unbiased Non-Executive Director of Trident.

For the interim 6 month time period finished 30 June 2020, Trident reported web property of US$22.4m and a net reduction of US$1.2m.

For further more information and facts on the Corporation, check out: www.metaltigerplc.com

Enquiries:

Notes to Editors:

Metal Tiger PLC is admitted to the Intention marketplace of the London Stock Trade Intention Current market (“Purpose”) with the buying and selling code MTR and invests in substantial likely mineral assignments with a base, cherished and strategic metals aim.

The Firm’s target is to produce a high return for shareholders by investing in appreciably undervalued and/or superior likely alternatives in the mineral exploration and progress sector. Steel Tiger has two investment decision divisions: Fairness Investments and Job Investments.

Fairness Investments invests in undervalued purely natural source firms. The the greater part of its investments are shown on Goal, the TSX and the ASX, which features its fascination in Sandfire Assets Constrained (ASX: SFR). The Business also considers selective alternatives to make investments in personal normal source organizations, ordinarily where by there is an identifiable path to IPO. Via the investing of equities and warrants, Metallic Tiger seeks to deliver income for expense for the Project Investments division.

Job Investments is focused on the enhancement of its crucial challenge interests in Botswana, exactly where Metallic Tiger has a expanding interest in the significant and very potential Kalahari copper/silver belt via its curiosity in Kalahari Metals Restricted.

The Organization actively assesses new expense opportunities on an on-going basis and has access to a varied pipeline of new chances in the natural sources and mining sectors. For pipeline alternatives considered sufficiently attractive, Metal Tiger might spend in the project or entity by obtaining publicly stated shares, by funding privately and/or by moving into into a joint undertaking.