Trident Royalties appoints Board member Peter Bacchus as new Chair of the Board of Directors

– UK, London –  Trident Royalties Plc (LON: TRR / OTC: TDTRF) today announced the appointment of Peter Bacchus as Chair of the Board of Directors, replacing Al Gourley who has stepped down from the Board of Directors with immediate effect.

Peter Bacchus said: “On behalf of the entire Trident team, I would like to extend my gratitude to Al for his significant contribution to the Company during his four-year tenure on the board. Al’s experience, energy and enthusiasm for our business has been invaluable and I, along with the whole board, would like to wish him every success in his future endeavours.”

About Trident

Trident is a growth-focused diversified mining royalty and streaming company, providing investors with exposure to a mix of base battery, precious, and bulk metals.

Key highlights of Trident’s strategy include:

  • Building upon a royalty and streaming portfolio that broadly mirrors the commodity exposure of the global mining sector (excluding fossil fuels) with a bias towards production or near-production assets, differentiating Trident from the majority of peers which are exclusively, or heavily weighted, to precious metals;
  • Acquiring royalties and streams in resource-friendly jurisdictions worldwide, while most competitors have portfolios focused on North and South America;
  •  Targeting attractive small-to-mid-size transactions which are often ignored in a sector dominated by large players;
  • Active deal-sourcing which, in addition to writing new royalties and streams, will focus on the acquisition of assets held by natural sellers such as closed-end funds, prospect generators, junior and mid-tier miners holding royalties as non-core assets, and counterparties seeking to monetize packages of royalties and streams which are otherwise undervalued by the market;
  • Maintaining a low-overhead model that is capable of supporting a larger-scale business without a commensurate increase in operating costs; and
  • Leveraging the experience of management, the board of directors, and Trident’s adviser team, all of whom have deep industry connections and strong transactional experience across multiple commodities and jurisdictions.

The acquisition and aggregation of individual royalties and streams are expected to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger-scale portfolio. Further value is expected to be delivered by the introduction of conservative levels of leverage through debt. Once scale has been achieved, strong cash generation is expected to support an attractive dividend policy, providing investors with a desirable mix of inflation protection, growth, and income.


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