Royalty North Partners Ltd.
RYTTF
Other OTC0.53
USD
+0.02
- -
Royalty North Partners Ltd.
RYTTF
(Other OTC)
Recent
price
0.53
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Royalty North Partners Ltd. Royalty North Partners Ltd. (RYTTF) operates as a copper-focused royalty and equity investment company, holding non-operating interests in high-grade, low-cost copper assets including a 30% equity stake in the Hod Maden copper-gold project in northeastern Turkey; exposure to the Oyu Tolgoi copper-gold mine in Mongolia through approximately 25% ownership in Entree Resources Ltd. Entrée Resources Ltd., covering the Hugo North Extension and Heruga deposits; and a 1.66% net profits interest in the Antamina open-pit copper mine in Peru's Andes Mountains. The company, headquartered in Vancouver, British Columbia, Canada, and formerly known as Bluefire Mining Corp., focuses on building a diversified portfolio of cash-flowing royalties and equity positions in premier copper projects to capitalize on rising global copper demand driven by green energy transitions. Its assets generate revenue primarily from acquisition and exploration of mineral properties, with operations centered in Canada and international exposure across Turkey, Mongolia, and Peru; key customers include operators of these tier-one mines such as Sandstorm Gold Ltd. Sandstorm Gold Ltd., which holds a significant 28% equity stake in Royalty North. In recent developments within the last few years, the company completed a reverse takeover transaction with Sandstorm Gold Ltd. in 2022, acquiring the 30% Hod Maden interest, a 55% stake in the Peninsula gold project in Michigan, US$10 million in cash, and a promissory note related to Entrée shares in exchange for a US$200 million gold stream, shares representing about 34% equity, and a convertible note; it also pursued a 1.66% net profits interest in Antamina as part of the deal's second phase. These strategic moves, including the acquisition of approximately 49.7 million Entrée shares and rebranding elements tied to Horizon Copper Corp., strengthened its copper portfolio amid plans for further growth in high-quality assets. The company continues to target expansions in copper royalties and equities, supported by leadership including CEO Erfan Kazemi since 2022 and Chairman Nolan Watson.