Business
Sailfish Announces Closing of Sale of Spring Valley and Moonlight Royalties to OR Royalties Inc. for US$168 Million in Cash
Tortola, British Virgin Islands--(Newsfile Corp. - April 10, 2026) - Sailfish Royalty Corp. (TSXV...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"Sailfish Announces Closing of Sale of Spring Valley and Moonlight Royalties to OR Royalties Inc. for US$168 Million in CashTortola, British Virgin Islands--(Newsfile Corp. - April 10, 2026) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQB: SROYF) (the \"Company\" or \"Sailfish\") is pleased to announce that, further to its news release dated February 24, 2026, it has completed the previously announced sale of all of the issued and outstanding shares of Terraco Gold Corp. (\"Terraco Gold\"), a wholly owned subsidiary of Sailfish, to OR Royalties Inc. (the \"Transaction\") for after-tax cash consideration of US$168 million (the \"Purchase Price\").Terraco Gold, through its subsidiaries TGC Holdings Ltd. and Terraco Royalties USA, Inc., holds:an up to 3% net smelter return royalty on Solidus Resources' Spring Valley gold project in Pershing County, Nevada, USA; and a 2% net smelter return royalty on Solidus Resources' Moonlight property in Nevada, USA.In connection with the Transaction, National Bank Financial Inc. acted as a financial advisor and INFOR Financial Group acted as a strategic advisor to the Company. DuMoulin Black LLP acted as legal counsel to the Company. Paolo Lostritto, CEO of Sailfish Royalty states: \"The sale of the Spring Valley and Moonlight royalties meaningfully reduces portfolio concentration risk while strengthening our cash position at a time of significant opportunity in the current market. Sailfish intends to redeploy this capital within the mining sector, with a strong focus on precious metals streams and royalties, to support our robust dividend policy.\" About SailfishSailfish is a precious metals royalty and streaming company focused on returning capital to shareholders with an industry leading dividend yield. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern Nicaragua; a 2% NSR on the Gavilanes Silver Project located in Durango State, Mexico; and an 11-year gold stream with Mako Mining Corp. (see March 24, 2026 news release).Sailfish is listed on the TSX Venture Exchange under the symbol \"FISH\" and on the OTCQB under the symbol \"SROYF\". Please visit the Company's website at www.sailfishroyalty.com for additional infor...