Metalla Completes Acquisition of Strategic Silver Focused Royalty Portfolio from First Majestic Silver NYSE American: MTA
METALLA COMPLETES ACQUISITION OF STRATEGIC SILVER FOCUSED
ROYALTY PORTFOLIO FROM FIRST MAJESTIC SILVER
NYSE AMERICAN:
MTA
TSX-V:
MTA
VANCOUVER, BC
,
Dec. 21, 2022
/CNW/ - Metalla Royalty & Streaming Ltd. ("
Metalla
" or the "
Company
") (NYSE American: MTA) (TSXV: MTA) is pleased
to announce that, further to its news release dated
November 28, 2022
, it has closed (the "
Closing
") the acquisition of a portfolio of eight royalties in
Mexico
(the "
Royalties
") from First Majestic Silver (NYSE: AG) (TSX: FR) for 4,168,056 of common shares of Metalla at a price of
US$4.7984
(representing the 25-
day VWAP on the NYSE American at signing).
ABOUT METALLA
Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with leveraged precious metal exposure through a diversified and
growing portfolio of royalties and streams. Our strong foundation of current and future cash-generating asset base, combined with an experienced team, gives
Metalla a path to become one of the leading gold and silver companies for the next commodities cycle.
For further information, please visit our website at
www.metallaroyalty.com
.
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
Website:
www.metallaroyalty.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accept responsibility for the adequacy or
accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of
United States
and Canadian regulations.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is
expected
"
,
"
budgets
"
,
"
scheduled
"
,
"
estimates
"
,
"
forecasts
"
,
"
predicts
"
,
"
projects
"
,
"
intends
"
,
"
targets
"
,
"
aims
"
,
"
anticipates
"
or
"
believes" or variations (including negative variations) of such
words and phrases or may be identified by statements to the
effect that certain actions
"
may
"
,
"
could
"
,
"
should
"
,
"
would
"
,
"
might
"
or
"
will
"
be taken, occur or
be achieved. Forward-
looking statements and information in this release include, but are not limited to, statements with respect to the
future value of the
Company
'
s stock; future cash generation; and the Company's potential to become a leading gold and silver company.
Forward-looking statements and
information are based on forecasts of future results, estimates of amounts not yet
determinable and assumptions that, while believed by management to be
reasonable, are inherently subject to significant
business, economic and competitive uncertainties, and contingencies. Forward-looking statements and
information are
subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Metalla to control or
predict, that may
cause Metalla's actual results, performance or achievements to be materially different from those expressed
or implied thereby, and are developed based
on assumptions about such risks, uncertainties and other factors set out herein,
including but not limited to: the risk that the milestones may not be satisfied;
risks associated with the impact of general business and
economic conditions; the absence of control over mining operations from which Metalla will
purchase precious metals or from
which it will receive stream or royalty payments and risks related to those mining operations, including risks related to
international operations, government and environmental regulation, delays in mine development, construction and
operations, actual results of mining and
current exploration activities, conclusions of economic evaluations and changes in
project parameters as plans are refined; problems related to the ability to
market precious metals or other metals; industry
conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by
government
entities of tax laws or the implementation of new tax laws; regulatory, political or economic developments in any of the
countries where
properties in which Metalla holds a royalty, stream or other interest are located or through which they are
held; risks related to the operators of the
properties in which Metalla holds a royalty or stream or other interest, including
changes in the ownership and control of such operators; risks related to
global pandemics, including the novel coronavirus
(COVID-19) global health pandemic, and the spread of other viruses or pathogens; influence of
macroeconomic
developments; business opportunities that become available to, or are pursued by Metalla; reduced access to debt and
equity capital;
litigation; title, permit or license disputes related to interests on any of the properties in which Metalla holds a
royalty, stream or other interest; the volatility of
the stock market; competition; future sales or issuances of debt or equity
securities; use of proceeds; dividend policy and future payment of dividends;
liquidity; market for securities; enforcement of
civil judgments; and risks relating to Metalla potentially being a passive foreign investment company within
the meaning of
U.S. federal tax laws; and the other risks and uncertainties disclosed under the heading "Risk Factors" in the Company's most
recent annual
information form, annual report on Form 40-F and other documents filed with or submitted to the Canadian
securities regulatory authorities on the SEDAR
website at
www.sedar.com
and the U.S. Securities and Exchange Commission
on the EDGAR website at
www.sec.gov
. Although Metalla has attempted to
identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may
be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. Metalla undertakes no obligation to update forward-looking information except as
required by applicable law. Such forward-looking information represents management's best judgment based on information
currently available. No forward-
looking statement can be guaranteed, and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
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SOURCE
Metalla Royalty and Streaming Ltd.
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%SEDAR: 00005157E
For further information:
Metalla Royalty & Streaming Ltd., Brett Heath, President & CEO, Phone: 604-696-0741, Email: [email protected]; Kristina
Pillon, Investor Relations, Phone: 604-908-1695, Email:
CO: Metalla Royalty and Streaming Ltd.
CNW 19:39e 21-DEC-22