MONTRÉAL, July 15, 2024 --
Osisko Gold Royalties Ltd. is pleased to announce that its wholly-owned subsidiary, Osisko Bermuda Limited , in partnership with Franco-Nevada Corporation , a wholly-owned subsidiary of
Franco-Nevada Corp. , has entered into a definitive Purchase and Sale Agreement with
SolGold plc and certain of its wholly-owned subsidiaries , with reference to gold production from SolGold's 100%-owned Cascabel copper-gold project located in Ecuador . Osisko also holds a 0.6% NSR royalty on Cascabel which it purchased from SolGold in 2022. Pursuant to the terms of the Gold Stream, OBL and FNB will make initial deposits totaling US$100 million to SolGold in three equal tranches to fund the Project's pre-construction costs . The first tran...