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