Triple Flag Precious Metals Acquires Orogen Royalties Inc.
July 9, 2025
Triple Flag Precious Metals Corp. completed the acquisition of all issued and outstanding common shares of Orogen Royalties Inc. as part of a plan of arrangement, acquiring a 1.0% NSR royalty on the Arthur gold project in Nevada. Consideration comprised C$171.5 million in cash and 5,633,629 Triple Flag common shares (split 50/50 cash and shares by election), and Triple Flag also invested C$10 million for an ~11% equity stake in a newly created Orogen Spinco.
- Buyers
- Triple Flag Precious Metals Corp.
- Targets
- Orogen Royalties Inc.
- Sellers
- Orogen shareholders
- Industry
- Energy
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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