Metalla Reports Portfolio Updates
METALLA REPORTS PORTFOLIO
UPDATES
(All dollar amounts are in United States dollars unless otherwise
indicated)
TSXV: MTA
NYSE AMERICAN: MTA
VANCOUVER, BC, May 28, 2025 /CNW/ - Metalla Royalty &
Streaming Ltd. ("Metalla" or the "Company") (NYSE American:
MTA) (TSXV: MTA) is pleased to report the following recent
developments in its royalty portfolio:
• Côté & Gosselin – Franco-Nevada announces acquisition of
existing Côté & Gosselin gross margin royalty for $1.05 billion.
• Endeavor – Commissioning underway and first cash flow
scheduled in June.
• Joaquin – Drilling confirms significant extensions to the La
Negra deposit.
"We are encouraged by Franco-Nevada's strong vote of confidence in
Côté and Gosselin as demonstrated by their commitment of over $1
billion. The acquisition marks one of the largest investments in their
history and we believe one of the most significant royalty
transactions," commented Brett Heath, Chief Executive Officer of
Metalla. "Franco-Nevada highlighted(1) the quality of IAMGOLD's work,
stating that following detailed due diligence, it believes Côté to be an
excellent new operation with an extensive Resource endowment that
has high potential to continue expanding. We believe the Gosselin
zone, where Metalla holds a 1.35% NSR royalty covering the entire
deposit, will drive most of that future expansion and that this
transaction should materially enhance market recognition of the value
of our royalty interest."
Côté & Gosselin (1.35% NSR royalty)
Metalla holds a 1.35% Net Smelter Return ("NSR") royalty interest
covering all of IAMGOLD Corporation's ("IAMGOLD") Gosselin
deposit and the northern portion of the Côté mine in Ontario, Canada.
Metalla notes the announcement made by Franco-Nevada
Corporation ("Franco-Nevada") on May 27, 2025, regarding its
acquisition of a 7.5% Gross Margin royalty over the Côté Gold Mine,
which includes the Côté and Gosselin deposits (together, the "Côté
Gosselin Royalty Interest"), for total cash consideration of $1.05
billion. The transaction was completed with the cooperation of
IAMGOLD and Sumitomo Mining Co. Ltd. ("Sumitomo"), who
provided Franco-Nevada with exclusive access to conduct detailed
due diligence.
Franco-Nevada stated, after completing detailed due diligence, that
the large Resource endowment offers excellent potential to expand
milling capacity and grow the current Resource. Franco-Nevada
expects the mill to ramp up to nameplate capacity of 13 Mtpa by year-
end with potential to expand to 20 Mtpa in the longer term to better
align with current mining capacity.
Further, Renaud Adams, President & CEO of IAMGOLD, commented:
"…The value upside of the Côté Gold Mine is further supported by the
rapidly growing Gosselin zone which we intend to incorporate into an
updated mine plan next year that will bring the Côté and Gosselin
zones together to outline a Côté Gold Mine of increased scale and
scope for generations to come."
(1) For more information, please view the Franco-Nevada May 27,
2025 Press Release.
Côté Royalty Map
(CNW Group/Metalla Royalty & Streaming Ltd.)
Endeavor (4.0% NSR royalty)
Metalla holds a 4.0% NSR royalty interest on Polymetals Resources
Ltd.'s ("Polymetals") Endeavor Mine ("Endeavor") in Cobar,
Australia.
On May 21, 2025, Polymetals reported that the redevelopment of the
Endeavor Mine remains on schedule and on budget, with processing
expected to commence in the coming weeks and initial cash flow
anticipated in June. Polymetals noted that mining operations are well
underway, with over 40 kt of ore stockpiled underground.
Development to access high-grade silver ore is advancing as planned,
with first production from these areas expected in July. Polymetals
also confirmed that site activities remain on track to achieve a
processing rate of 65 kt of ore per month during the second half of
2025.
In addition, diamond drilling continues at the Carpark prospect
targeting south extensions to the Main Lode.
For more information, please view the Polymetals Resources May 21,
2025 Press Release.
Joaquin (2.0% NSR royalty)
Metalla holds a 2.0% NSR royalty on Unico Silver's ("Unico") Joaquin
project ("Joaquin") in Santa Cruz, Argentina.
On May 19, 2025, Unico announced that drilling confirmed significant
extensions to the La Negra mineralization with highlight intercepts of
23 meters at 268 g/t AgEq, 64 meters at 81 g/t AgEq and 17 meters at
258 g/t AgEq. The focus for the next phase of drilling will be ongoing
infill and extensional drilling at La Negra to support a maiden JORC
Mineral Resource.
For more information, please view the Unico Silver May 19, 2025
Press Release.
QUALIFIED PERSON
The technical information contained in this news release has been
reviewed and approved by Charles Beaudry, geologist M.Sc., member
of the Association of Professional Geoscientists of Ontario and of the
Ordre des Géologues du Québec. Mr. Beaudry is a QP as defined in
National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101").
ABOUT METALLA
Metalla provides shareholders with leveraged gold, silver, and copper
exposure by acquiring royalties and streams. Our goal is to increase
share value by accumulating a diversified portfolio of royalties and
streams with attractive returns. 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 royalty
companies.
For further information, please visit our website at
www.metallaroyalty.com.
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
Chief Executive Officer
Neither the TSX Venture Exchange 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 alert.
The securities described herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States or to, or
for the account or benefit of, U.S. persons absent registration or an
applicable exemption from registration requirements.
Technical and Third-Party Information
Metalla has limited, if any, access to the properties on which Metalla
holds a royalty, stream or other interest. Metalla is dependent on (i)
the operators of the mines or properties and their qualified persons to
provide technical or other information to Metalla, or (ii) publicly
available information to prepare disclosure pertaining to properties
and operations on the mines or properties on which Metalla holds a
royalty, stream or other interest, and generally has limited or no ability
to independently verify such information. Although Metalla does not
have any knowledge that such information may not be accurate, there
can be no assurance that such third-party information is complete or
accurate. Some information publicly reported by operators may relate
to a larger property than the area covered by Metalla's royalty, stream
or other interests. Metalla's royalty, stream or other interests can
cover less than 100% and sometimes only a portion of the publicly
reported mineral reserves, resources and production of a property.
Ounces are converted to grams using a multiple of 31.1035.
Unless otherwise indicated, the technical and scientific disclosure
contained or referenced in this alert, including any references to
mineral resources or mineral reserves, was prepared in accordance
with Canadian NI 43-101, which differs significantly from the
requirements of the U.S. Securities and Exchange Commission (the
"SEC") applicable to U.S. domestic issuers. Accordingly, the scientific
and technical information contained or referenced in this alert may not
be comparable to similar information made public by U.S. companies
subject to the reporting and disclosure requirements of the SEC.
"Inferred mineral resources" have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an inferred
mineral resource will ever be upgraded to a higher category. Historical
results or feasibility models presented herein are not guarantees or
expectations of future performance.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This alert contains forward-looking statements and forward-looking
information (collectively, "forward-looking statements") within the
meaning of applicable securities legislation. 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 include, but are not limited to, the statements of
the property owners/operators with respect to the properties on which
Metalla holds a royalty; the statements of management regarding an
extensive resource endowment that has high potential to continue
expanding at Cote and Gosselin; the potential to expand milling
capacity and grow the current resource at Cote and Gosselin; that the
Gosselin zone is expected to drive most of the expansion; that the
Côté and Gosselin transaction could materially enhance market
recognition of the value of Metalla's royalty interest; the ramp-up to
nameplate capacity at Côté and Gosselin, and the expected timing
thereof; the commencement of processing at Endeavor and the
expected timing thereof; the initial cash flow at Endeavor and the
expected timing thereof; the commencement of production from high-
grade silver ore areas at Endeavor and the expected timing thereof;
the expected processing rate for the second half of 2025 at Endeavor;
potential south extensions to the Main Lode; the focus of the next
phase of drilling at Joaquin; the expectations generally of Metalla the
property owners/operators and the authors of relevant technical
reports and studies with respect to the mineral projects in which
Metalla has an interest, including without limitation, estimates of
mineral resources and mineral reserves and updates thereto,
production, mine life, NPV, IRR, costs, drilling, development,
permitting, water sourcing, commodity mix and prices, and the timing
thereof; future opportunities and acquisitions; future exploration,
financing, development, production and other anticipated
developments on the properties in which the Company has or has
agreed to acquire an interest; future growth, increased share value,
cash generation and returns; and Metalla having a path to becoming a
leading gold and silver royalty 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: that the milling capacity and the
current resource at Cote and Gosselin may not expand and grow as
anticipated; that the Gosselin zone may not drive most of the
expansion; that the Côté and Gosselin transaction may not materially
enhance market recognition of the value of Metalla's royalty interest;
that the ramp-up to nameplate capacity at Côté and Gosselin may not
occur at all or in the expected timing thereof; that the processing at
Endeavor may not commence at all or in the expected timing thereof;
that cash flow may not start at Endeavor at all or in the expected
timing thereof; that the production from high-grade silver ore areas at
Endeavor may not commence at all or in the expected timing thereof;
that the processing rate for the second half of 2025 at Endeavor may
differ from the expectations; that the Main Lode may not expand to the
south; that the focus of the next phase of drilling at Joaquin may differ
from anticipated; 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 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 current 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