Sandbox Royalties has secured US$20 million in growth financing to acquire three royalty and streaming assets on in-construction mining projects.

Information on the Target

Sandbox Royalties, established in 2022 by prominent industry leaders Sandstorm Gold Royalties and Equinox Gold, aims to create a premier diversified metals royalty company. The company's vision is to generate value for all stakeholders, facilitate industrial growth, and promote sustainability within the mining sector. With a goal to expand its royalty portfolio, Sandbox focuses on acquiring high-quality assets that will enhance its market position.

The recent financing of US$20 million, which includes US$16 million in convertible debt and US$4 million in equity, will enable Sandbox Royalties to acquire three royalty and streaming assets associated with high-quality, in-construction mining projects. This strategic move is anticipated to significantly boost revenue and strengthen the company’s diversified royalty offerings.

Industry Overview in the Target's Specific Country

The Canadian mining industry is renowned for its resource richness and operational efficacy. Canada ranks among the top global producers of various metals, including gold, copper, and nickel, driven by a favorable regulatory envir