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Metalla Royalty & Streaming Ltd. - MTA STOCK NEWS

Welcome to our dedicated page for Metalla Royalty & Streaming Ltd. news (Ticker: MTA), a resource for investors and traders seeking the latest updates and insights on Metalla Royalty & Streaming Ltd. stock.

Metalla Royalty & Streaming Ltd. (NYSE American: MTA, TSXV: MTA) is a premier precious metals royalty and streaming company, aimed at providing shareholders with leveraged exposure to gold, silver, and copper. Metalla achieves this by acquiring royalties and streams with attractive returns, thereby creating a diversified portfolio of valuable assets. The company's strategic focus is on high-quality and cash-generating assets located in low-risk jurisdictions, managed by experienced operators.

Metalla's portfolio includes significant interests in various key projects. Among them is the Côté Gold Project and its adjacent Gosselin deposit, where Metalla holds a 1.35% Net Smelter Return (NSR) royalty. Notably, IAMGOLD Corporation reported promising resource estimates for the Gosselin deposit, totaling 4.4 million ounces of Indicated gold and 3.0 million ounces of Inferred gold. This marks a substantial increase, positioning Gosselin as a potential tier-1 asset within Metalla's portfolio.

The company has been making strategic acquisitions and forming partnerships to expand its reach and strengthen its operational base. Recently, Metalla completed a landmark merger with Nova Royalty Corp., creating one of the most robust royalty portfolios in the precious metals sector. This merger has significantly bolstered Metalla's position in the market, adding 23 new royalties focused on high-potential copper assets.

Metalla's financial condition is underpinned by strong operational results. For the year ended December 31, 2023, the company delivered just under 4,000 attributable gold equivalent ounces (GEOs), exceeding its guidance by 14%. The integration of Nova Royalty's assets and strategic partnership with Beedie Investments Ltd. have further enhanced Metalla's financial stability, setting the stage for continued growth in 2024 and beyond.

Notable projects include the Tocantinzinho project, expected to commence commercial production in the second half of 2024, and the Amalgamated Kirkland project, slated for production in late 2024. Additionally, Metalla holds significant stakes in the Endeavor mine, La Encantada mine, and the Fifteen Mile Stream project, each contributing valuable cash flows and growth potential to the company's portfolio.

Metalla is dedicated to enhancing shareholder value through disciplined asset acquisition, leveraging its strong foundation of cash-generating assets and the expertise of its experienced management team. The company's strategic focus on high-quality, low-risk jurisdictions ensures a sustainable and profitable path forward in the evolving commodities cycle.

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Metalla Royalty & Streaming (NYSE American: MTA) (TSXV: MTA) has released its inaugural Asset Handbook, showcasing the company's portfolio of over 100 royalty and streaming assets in gold, silver, and copper. The handbook includes Mineral Reserve and Mineral Resource data, as well as an annual letter to shareholders.

CEO Brett Heath emphasized the company's strategic vision to build a leading royalty company by providing shareholders exposure to high-quality deposits while minimizing risk and maximizing optionality. The Asset Handbook highlights the quality and depth of Metalla's portfolio, along with its potential for material organic growth and value creation.

In under eight years, Metalla has built a diverse portfolio primarily located in top mining jurisdictions on Tier 1, long-life assets managed by major mining companies. The company's partners have added significant value through exploration and development, leading to new discoveries, reserve and resource additions, and mine life extensions at no additional cost to Metalla.

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Metalla Royalty & Streaming announced the first gold pour at the Tocantinzinho (TZ) gold project in Pará, Brazil, where Metalla holds a 0.75% Gross Value Royalty (GVR). The project, developed by G Mining Ventures, is expected to become Brazil's third-largest primary gold mine with a 10.5-year mine life and an average annual gold production of 175,000 ounces. The first pour yielded 440 ounces of gold. TZ remains on budget and on schedule for commercial production in H2 2024. Metalla purchased the 0.75% GVR on TZ in March 2021 for $9 million. Proven and probable reserves are estimated at 2,042,000 ounces of gold. This project is projected to be a significant revenue contributor for Metalla.

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Metalla Royalty & Streaming (TSXV: MTA) (NYSE American: MTA) has received approval for its final short form base shelf prospectus and a corresponding registration statement with the SEC. The approvals enable Metalla to offer up to C$300 million in common shares, warrants, subscription receipts, units, and share purchase contracts over a 25-month period.

Although the prospectus provides flexibility for future offerings, the company currently has no plans to issue securities. Offerings, if any, will be detailed in supplemental prospectuses based on market conditions. The company's past practice of maintaining a base shelf prospectus is part of its strategy to ensure financial flexibility.

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Metalla Royalty & Streaming announced the results of its annual general meeting held on June 26, 2024. A total of 43,568,399 shares, representing 47.62% of the company's outstanding shares, were voted.

Key decisions include:

  • Approval of the number of directors with 93.46% votes in favor.
  • Re-election of directors, including Brett Heath with 94.86% approval, Lawrence Roulston with 92.06%, Alexander Molyneux with 94.38%, James Beeby with 96.70%, and Amanda Johnston with 96.55%.
  • Appointment of auditors, with 99.10% approval.
  • Approval of the share compensation plan with 93.06% votes in favor.
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Metalla Royalty & Streaming (TSXV: MTA, NYSE American: MTA) reported its financial results for Q1 2024, ending March 31. The company received or accrued payments on 624 attributable Gold Equivalent Ounces (GEOs) and recognized $1.3 million in revenue from royalty and stream interests. Despite this, Metalla recorded a net loss of $1.7 million and adjusted EBITDA of $0.1 million. CEO Brett Heath emphasized ongoing integration post-Nova Royalty merger and future acquisition plans.

Significant asset updates include production and exploration activities at La Encantada, El Realito, Wharf, Aranzazu, and other key projects. Notable production figures include 33 oz of gold and 0.5 Moz of silver from La Encantada and 10.6 Koz of gold from El Realito. Additional updates cover exploration, resource expansion, and development efforts across various properties, including the advancement of the Taca Taca and Côté-Gosselin projects.

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Metalla Royalty & Streaming announces its 2023 financial results, including a transformative merger with Nova Royalty. The company exceeded gold equivalent ounces guidance, with positive outlook for 2024 projects. Financial highlights include acquisitions, revenue recognition, and special dividend payment.
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Metalla Royalty & Streaming Ltd. reports updated Mineral Resource estimates for Gosselin, showing significant increases in gold ounces. IAMGOLD Corporation plans further exploration to expand the resource. Beedie Capital to increase equity ownership to 9.99% with a C$1.5 million investment.
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Metalla Royalty & Streaming Ltd. (MTA) announces the annual equity grant of 587,500 restricted share units and 922,500 stock options to certain directors, officers, consultants, and employees. The RSUs and Options vest in two equal installments, twelve and twenty-four months from the date of grant, with each vested RSU entitling the holder to receive one common share of the Company or the equivalent cash value thereof at the deemed price of C$4.05, and each vested Option entitling the holder to acquire one common share of the Company at an exercise price of C$4.05 for a period of five years and are subject to vesting provisions.
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Metalla Royalty & Streaming Ltd. (MTA) and Nova Royalty Corp. (NOVR) have completed an arrangement, with Metalla acquiring all of the issued and outstanding common shares of Nova, positioning the combined company as a leading emerging intermediate royalty company. Each former shareholder of Nova received 0.36 of a common share of Metalla for each Nova Share held. The Nova Shares will be de-listed from the TSX Venture Exchange.
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MTA: Metalla Royalty & Streaming Ltd. Announces Q3 2023 Operating and Financial Results, Including Nova Royalty Acquisition and Beedie Capital Partnership
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FAQ

What is Metalla Royalty & Streaming Ltd.'s core business?

Metalla Royalty & Streaming Ltd. is focused on acquiring and managing precious metal royalties and streams, providing shareholders with leveraged exposure to gold, silver, and copper.

What recent achievements has Metalla Royalty & Streaming Ltd. made?

Metalla completed a merger with Nova Royalty Corp., significantly expanding its royalty portfolio, and secured a strategic partnership with Beedie Investments Ltd., enhancing its financial stability and growth potential.

What are the key projects in Metalla's portfolio?

Key projects include the Côté Gold Project and Gosselin deposit, the Tocantinzinho project, the Amalgamated Kirkland project, the Endeavor mine, the La Encantada mine, and the Fifteen Mile Stream project.

How has Metalla performed financially?

For the year ended December 31, 2023, Metalla delivered just under 4,000 attributable gold equivalent ounces (GEOs), exceeding its guidance by 14%, with strong contributions from its diversified asset base.

What is the significance of the Gosselin deposit?

The Gosselin deposit, adjacent to the Côté Gold Project, represents a substantial asset within Metalla's portfolio with 4.4 million ounces of Indicated gold and 3.0 million ounces of Inferred gold, showing significant growth potential.

What are Metalla's future growth projects?

Future growth projects include the Tocantinzinho project, expected to commence commercial production in the second half of 2024, and the Amalgamated Kirkland project, slated for production in late 2024.

How does Metalla enhance shareholder value?

Metalla enhances shareholder value through disciplined asset acquisition, leveraging its strong foundation of cash-generating assets, and the expertise of its experienced management team to ensure sustainable growth.

In which jurisdictions does Metalla operate?

Metalla focuses on high-quality, low-risk jurisdictions to ensure a sustainable and profitable path forward in the evolving commodities cycle.

What was the impact of the merger with Nova Royalty Corp.?

The merger with Nova Royalty Corp. significantly strengthened Metalla's position in the market by adding 23 copper-focused royalties, creating one of the most robust growth portfolios in the precious metals sector.

What are Metalla's financial strategies moving forward?

Metalla aims to continue seeking accretive acquisitions, refining its current portfolio of royalties, and maintaining strong operational and financial performance to maximize shareholder value.

Metalla Royalty & Streaming Ltd.

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