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OR Royalties Announces Acquisition of a Precious Metals Stream on Canadian Copper's New Brunswick Assets
MONTRÉAL, April 14, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“ OR Royalties ȁ...
About this update from Or Royalties Inc.
[{"type":"text","content":"OR Royalties Announces Acquisition of a Precious Metals Stream on Canadian Copper’s New Brunswick Assets\nMONTRÉAL, April 14, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties”, “OR” or the “Company”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement with Canadian Copper Inc. (CCI: CSE) (“Canadian Copper”) with respect to a $28.0 million precious metals stream (the “Stream”) on Canadian Copper’s New Brunswick assets (the “Transaction”), comprising the Murray Brook properties (Murray Brook) and the Caribou property, including the Caribou Processing Plant (“Caribou Complex” or “Caribou”) (collectively, the “Project”). Amounts presented are in United States dollars, except where otherwise noted. TRANSACTION HIGHLIGHTS Tier-1 Mining Jurisdiction: The Stream being acquired is on Canadian Copper’s brownfield Murray Brook and Caribou properties located in the Bathurst Mining Camp of New Brunswick, Canada. Canada is defined by OR Royalties as a Tier-1 mining jurisdiction (along with the United States of America and Australia);Precious Metals Streams on a Brownfield Project: The brownfield nature of Canadian Copper’s 100%-owned Murray Brook deposit and the formerly-operating and permitted Caribou Complex is expected to support an accelerated permitting and development path whereby first production is expected from the Project by 2029;Full Construction Financing: Concurrent $35.0 million concentrate prepayment facility provided by Ocean Partners UK Limited (“Ocean Partners”) secures the full construction financing required to advance the Project into commercial production;Adds to OR’s Peer-Leading 5-Year gold equivalent ounces (“GEOs”) Growth Profile: The Transaction is expected to add GEOs over-and-above OR Royalties’ 2030 5-year outlook range of 120,000-135,000 GEOs, originally disclosed in February 2026; and,Maintains Precious Metals Focus: The Stream consists entirely of silver and gold, providing OR Royalties with additional exposure to precious metals. STREAM DETAILS Upfront Deposit: OR Royalties will provide Canadian Copper cash proceeds for the Stream totaling $28.0 million as follows (t...