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Versamet Royalties Acquires Significant Silver Stream and Long-Life Polymetallic Royalty Immediately Increasing Cash Flow and Accelerating Growth
All amounts are in U.S. dollars unless otherwise indicated. Vancouver, British Columbia--(Newsfi...
About this update from Versamet Royalties Corp.
[{"type":"text","content":"Versamet Royalties Acquires Significant Silver Stream and Long-Life Polymetallic Royalty Immediately Increasing Cash Flow and Accelerating GrowthAll amounts are in U.S. dollars unless otherwise indicated.Vancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Versamet Royalties Corporation (TSXV: VMET) (\"Versamet\" or the \"Company\") has closed an agreement with funds advised by Appian Capital Advisory Limited1 (collectively \"Appian\") to acquire a 90% silver stream on Rosh Pinah Zinc's mine in Namibia (the \"Stream\") and a 2.75% net smelter return royalty on the Santa Rita mine in Brazil (the \"NSR Royalty\") for up-front cash consideration of $125 million and contingent consideration of up to $45 million, adding two significant producing long-life assets to Versamet's growing portfolio (the \"Transaction\").Transaction Highlights Immediate cash flow from two long-life, high-quality, producing assets:Rosh Pinah Zinc - an operating underground mine in Namibia with over 55 years of mining history and a long history of resource additions and significant exploration potentialSanta Rita - a top tier nickel sulphide mine located in Bahia state, Brazil, currently producing from an open pit The Stream and NSR Royalty are expected to contribute approximately 5,000 gold equivalent ounces (\"GEOs\") in 2026 using analyst consensus metal prices2 Major near-term growth catalysts at both assets:Rosh Pinah Zinc's RP2.0 - significant mine and mill expansion underway targeting a near doubling of throughput expected to be completed in the second half of 2026 Santa Rita Underground - evaluating a large-scale underground mining operation to potentially extend the mine life Both assets in established mining jurisdictions and operate to high industry standards under Appian stewardship:Both assets are in highly regarded mining-friendly jurisdictions and majority owned by a well-capitalized and respected investor, with a successful track record of optimizing mining projects internationally Strategic Rationale Immediate and significant increase to GEOs and growth profile:2026 production expected to grow to over 20,000 GEOs2, an increase of approximately 25% from previous forecast, with further upside from near-term growth catalysts Increases portfolio diversification and bolsters precious metals exposure:New revenue sources from Namibi...