Trident Royalties Plc Portfolio Announces Update: Sonora Lithium Royalty - Seite 2

Adam Davidson, Chief Executive Officer of Trident commented:

"Trident is disappointed by the recent developments in Mexico announced by Ganfeng, which add risk to the transaction in addition to the ongoing litigation in Alberta, whereby the validity of the royalty is being challenged. We were cognizant of these risks at the time of the original transaction and structured the deal accordingly to protect against both political and litigation risk, such that we may recover our initial $2.5 million secured loan. We will continue to monitor the situation carefully and, at the present time, intend to maintain our rights in respect of the asset."

References

1: Source: Ganfeng Lithium 30 June 2023 Interim Results dated 29 August 2023

(https://www.ganfenglithium.com/ir_detail_en/id/2640.html )

Competent Person's Statement

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, MIMMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal Consultant working for Mining Analyst Consulting Ltd which has been retained by Trident to provide technical support.

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Contact details:

Trident Royalties Plc Adam Davidson / Richard Hughes	www.tridentroyalties.com [phone] / [phone]
Grant Thornton (Nominated Adviser) Colin Aaronson / Samantha Harrison / Samuel Littler	www.grantthornton.co.uk [phone]
Liberum Capital Limited (Joint Broker) Scott Mathieson / Cara Murphy	www.liberum.com [phone]
Stifel Nicolaus Europe Limited (Joint Broker) Callum Stewart / Ashton Clanfield	www.stifelinstitutional.com [phone]
Tamesis Partners LLP (Joint Broker)