Wednesday, October 8, 2025

Latest

Gold Royalty Acquires Ely Gold For $84 Million, 30.9 Million Shares

Gold Royalty Corp. (NYSE: GROY) this morning announced the completion of the business combination between the company and Ely Gold Royalties Inc. (TSXV: ELY). The acquisition is reported to be for an aggregate consideration of $84 million in cash and 30.9 million Gold Royalty shares.

Under the terms of the transaction, Gold Royalty acquired 100% equity of Ely Gold, making it an indirect subsidiary of the company. Each Ely Gold share held by shareholders who chose the share alternative of the transaction was exchanged for 0.2450 of a Gold Royalty share plus $0.0001. On the other hand, Ely Gold shareholders who elected to receive the cash alternative got 0.099166 of a Gold Royalty share plus $0.869053 for each Ely Gold share held.

Still pursuant to the agreement, each of the outstanding 15,946,732 warrants to purchase Ely Gold shares is still exercisable to acquire 0.2450 of a Gold Royalty share plus $0.0001 following the closing of the transaction.

“With four producing royalties, 57 royalties on development stage assets and 45 royalties on exploration stage assets, the acquisition of Ely Gold creates a leading Americas-focused precious metals royalty company,” stated Gold Royalty CEO David Garofalo.

As a result of the acquisition, Ely Gold CEO Trey Wasser was appointed to Gold Royalty’s board of directors. Trading of Ely Gold shares on the TSX Venture Exchange has also been halted since the announcement and the company relayed its plans to delist from the board “as soon as practicable”.

Gold Royalty last traded at US$4.22 on the NYSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Is $3000 Gold Possible? With David Garofalo – The Daily Dive

Returning to the Daily Dive this afternoon is David Garofalo, Chairman & CEO of Gold...

Wednesday, July 6, 2022, 01:30:00 PM

Gold Royalty To Acquire Abitibi Royalties, Golden Valley Mine And Royalties

Consolidation is evidently well underway in the mining royalty space. This morning, it was announced...

Tuesday, September 7, 2021, 08:47:00 AM

Royal Ascent: The Market Likes Companies Packaging Up An Off-The-Top Interest

The gold bull continues apace, and is the only consistent source of strength in venture-class...

Tuesday, February 4, 2020, 09:58:26 AM

Gold Royalty Reports 300% Revenue Jump, Narrower Net Loss In Q2 2024

Gold Royalty Corp. (NYSE: GROY) has filed its operating and financial results for the second...

Wednesday, August 14, 2024, 10:28:00 AM

Gold Royalty Updates Stakeholders With Royalties Portfolio Following Abitibi, Golden Valley Acquisition Announcement

Gold Royalty Corp. (NYSE: GROY) announced this morning the portfolio of the resulting royalty company...

Monday, September 27, 2021, 10:38:00 AM