OR Royalties acquires $28M precious metals stream from Canadian Copper

OR Royalties (OR) announced that it has entered into a binding agreement with Canadian Copper with respect to a $28M precious metals stream on Canadian Copper’s New Brunswick assets, comprising the Murray Brook properties and the Caribou property, including the Caribou Processing Plant. The stream being acquired is on Canadian Copper’s brownfield Murray Brook and Caribou properties located in the Bathurst Mining Camp of New Brunswick, Canada. Canada is defined by OR Royalties as a Tier-1 mining jurisdiction. The brownfield nature of Canadian Copper’s 100%-owned Murray Brook deposit and the formerly-operating and permitted Caribou Complex is expected to support an accelerated permitting and development path whereby first production is expected from the Project by 2029. Concurrent $35M concentrate prepayment facility provided by Ocean Partners secures the full construction financing required to advance the project into commercial production. The transaction is expected to add GEOs over-and-above OR Royalties’ 2030 five-year outlook range of 120,000-135,000 GEOs, originally disclosed in February 2026. The stream consists entirely of silver and gold, providing OR Royalties with additional exposure to precious metals.