Mentioned:
One of the most successful mining families in Canadian history has a new ambition: building the next large scale royalty and streaming company.
What’s happening:
- The Lundin Group has officially launched a new royalty and streaming company known as LunR Royalties Corp (TSXV: LUNR)
Why it matters:
- This is the first time ever that the Lundin Group has launched a publicly traded royalty and streaming company as the primary operators
Going deeper:
- LunR Royalties Corp was spun out of NGEx Minerals (TSX: NGEX) and owns royalties on two large projects focused on copper and gold based in Argentina and Chile
- NGEx Minerals is the single largest shareholder of LunR Royalties Corp and owns approximately 19.9% of the entire company
