Deterra Completes Strategic Trident Acquisition

Deterra Royalties Ltd (AU:DRR) has released an update.

Deterra Royalties Limited has successfully completed the acquisition of Trident Royalties plc, making Trident a fully-owned subsidiary and expanding Deterra’s portfolio to include 22 royalty assets across various commodities and countries. The deal enhances Deterra’s commodity diversification and provides significant exposure to the lithium market through the Thacker Pass project in the U.S. Deterra financed the transaction with existing credit facilities, maintaining ample funds for future investments.

For further insights into AU:DRR stock, check out TipRanks’ Stock Analysis page.