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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