Gold Royalty Corp. (GROY) stock experienced an increase of 14.56% in the premarket. However, the last trading session closed at $4.72 with a decrease of 0.24%.
What’s happening?
GROY didn’t publish any latest press release in today’s date. Yet there is the recent news regarding GROY that is as follows:
GROY Secures Up to US$25 Million Revolving Credit Facility
GROY announces on 3 September 2021 that it has signed a commitment letter with the Bank of Montreal. That letter is for a fully underwritten US$10 million revolving credit facility. The Facility will be used for general company objectives, as well as acquisitions and investments.
The Facility will shut on September 30, 2021, with a maturity date of December 31, 2022. The Facility is subject to final paperwork and advance conditions.
GROY Completes Strategic Investment in Prospector Royalty Corp.
On 31 August 2021, GROY Completes Strategic Investment in Prospector Royalty Corp. GROY announces a strategic collaboration with Prospector Royalty Corp. It also merges with Timothy Young’s appointment to its Advisory Board.
Furthermore, GRC has invested C$2 million in PRC in exchange for a 12.5 percent stake. Timothy Young, Bill Rand, Zach Flood, Francis MacDonald, and Kenorland Minerals Ltd. are among the company’s founders. GRC has engaged in a royalty referral agreement. This will allow GRC to obtain certain royalties identified by PRC’s unique digitized royalty database.
Acquires Gold Prospect in Established Nevada Mining District
Firstly, GROY announced on 20 August 2021 that it has agreed to buy a 100 percent stake in the Bald Peak Project in Mineral County. Ely Gold Royalties Inc. was recently bought by Gold Royalty Corp., and Nevada Select is a completely owned subsidiary of Ely Gold Royalties Inc.
Secondly, MoThe lucrative Bodie-Aurora-Borealis area has produced over 3 million ounces of gold from open-pit mines. Bald Peak is a huge gold and silver epithermal system with many kilometers of promising terrain. In a well-defined 4-mile-long structural structure, gold and silver mineralization is linked with highly silicified rock. Surface outcropping has yielded rock samples with gold concentrations above 8 g/t.
Monarch Mining Corporation Announces the Closing of the $11.25 Million Transaction with GROY.
On 5th August 2021, GROY stated the completion of the previously announced transaction with Gold Royalty Corp. According to this, Gold Royalty purchased the royalty interests from Monarch for $11.25 million in cash.
Lastly, a 2.5 percent net smelter return royalty on each of the Croinor Gold, McKenzie Break, and Swanson assets, of which half (1.25 percent) can be bought back by Monarch in the future for $2 million per site if certain criteria are satisfied.
