7 December 20221 minute read

DLA Piper Canada advised Metalla Royalty & Streaming on US$20 million acquisition of royalty portfolio ‎from First Majestic Silver

On November 28, 2022, Metalla Royalty & Streaming Ltd. (“Metalla”)‎ ‎(TSXV: MTA) (NYSE American: MTA)‎ announced a royalty purchase agreement with First Majestic Silver ‎Corp. (“First Majestic”) (NYSE: AG) (TSX: FR), in which Metalla will acquire eight royalties for US‎‎$20 ‎million. ‎

First Majestic holds and will originate a portfolio of royalties in Mexico, including one producing gold royalty, four ‎development silver royalties, and three advanced exploration silver royalties. The royalties ‎cover 100% of all the concessions on the eight properties.  ‎

Metalla is a Vancouver-based gold and silver streaming and royalty company which works to increase share value for its shareholders by accumulating a diversified portfolio of royalties and streams with attractive returns. ‎

Find out more here.

The DLA Piper Canada deal team in this transaction included Partner Denis G. Silva and included Alan Monk, Nahal Iranpour and Jason Yao‎.