TSXV: MTA
NYSE American: MTA
VANCOUVER, BC, Dec. 9, 2024
/PRNewswire/ - Metalla Royalty & Streaming
Ltd. ("Metalla" or the "Company") (TSXV:
MTA) (NYSE American: MTA) is pleased to announce that, effective
immediately, it has appointed Chris
Beer to the board of directors of the Company, as an
independent director, subject to regulatory approval.
Mr. Beer brings over 35 years of experience in mining finance
and exploration. For the past 24 years, he served as Managing
Director and Senior Portfolio Manager at RBC Global Asset
Management, where he led award-winning global portfolios in
precious metals, natural resources, energy, and clean energy. Chris
began his career as an exploration geologist with Noranda
Exploration and later spent seven years as a mining analyst at
leading Canadian banks. He holds the CFA designation, an MBA from
the University of Toronto's
Rotman School of Management, and a
Bachelor of Science in Geology from Memorial
University of Newfoundland.
Brett Heath, CEO of Metalla,
commented: "We are thrilled to welcome Chris to our Board of
Directors. He brings extensive experience in the mineral resources
sector, including nearly two and half decades as Managing Director
and Senior Portfolio Manager at RBC Global Asset Management. Chris'
experience as one of the premier asset allocators in the metals and
mining industry parallels our approach and strategy and strengthens
our board's depth and breadth of experience. We look forward to
benefiting from his leadership and unique perspective as we work
together to create long-term value for our shareholders and broader
stakeholders."
Chris Beer commented: "I am
honored to join the Board of Metalla as the Company continues to
advance its path toward building a leading royalty and streaming
company. Metalla's industry leading production growth, robust asset
portfolio and successful track record of value accretive
transactions have solidified its position as an emerging leader in
the royalty space. I look forward to working with Metalla's
experienced team to drive sustainable growth and maximize value for
all stakeholders."
INVESTMENT AND RESTRICTED SHARE UNIT GRANT
Concurrent with his appointment as Director, the Company is also
pleased to announce Chris Beer has
agreed to purchase 40,000 shares of Metalla in the market.
Effective December 9, 2024, Metalla
has granted, in accordance with the Company's share compensation
plan, an aggregate of 40,000 restricted share units (each
"RSU") to Mr. Beer. The RSUs will vest in two equal
installments annually from the date of grant. Each vested RSU will
entitle the holder to receive one common share of the Company upon
vesting.
ABOUT METALLA
Metalla is a precious and base metals royalty and streaming
company with a focus on gold, silver, and copper royalties and
streams. Metalla provides shareholders with leveraged metal
exposure through a diversified and growing portfolio of royalties
and streams. Our strong foundation of current and future
cash-generating asset base, combined with an experienced team gives
Metalla a path to become one of the leading gold, silver, and
copper companies for the next commodities cycle.
For further information, please visit our website at
www.metallaroyalty.com
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
Chief Executive Officer
Website: www.metallaroyalty.com
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accept
responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of applicable securities
legislation. The forward-looking statements herein are made as of
the date of this press release only and the Company does not intend
to and does not assume any obligation to update or revise them
except as required by applicable law.
All statements included herein that address events or
developments that we expect to occur in the
future are forward-looking
statements. Generally, forward-looking statements can be identified
by the use of forward-looking terminology such
as "plans", "expects", "is expected", "budgets",
"scheduled", "estimates", "forecasts", "predicts",
"projects", "intends", "targets", "aims",
"anticipates" or "believes" or variations (including
negative variations) of such words and phrases or may be
identified by statements to the effect
that certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be
achieved. Forward-looking statements in this press
release include, but are not limited to, statements
regarding Mr. Beer's future contributions to the
Company; regulatory approval of Mr. Beer's appointment; the
purchase by Mr. Beer of 40,000 shares of Metalla in the market; the
vesting and settlement of the RSUs.
Such forward-looking statements reflect management's current
beliefs and are based on information currently
available to management. Forward-looking statements
are based on forecasts of future results, estimates
of amounts not yet determinable and assumptions
that, while believed by management to be reasonable,
are inherently subject to significant business,
economic and competitive uncertainties, and
contingencies. Forward-looking statements are subject to
various known and unknown risks and
uncertainties, many of which are beyond the ability of
Metalla to control or predict, that may cause
Metalla's actual results, performance or achievements
to be materially different from those expressed or
implied thereby, and are developed based
on assumptions about such risks, uncertainties and other
factors set out herein, including but not
limited to: that the expectations regarding Mr. Beer's
future contributions to the Company will not be realized; that Mr.
Beer's appointment will not receive regulatory approval; that Mr.
Beer will not acquire 40,000 shares of Metalla in the market; that
the RSUs will not vest of be settled; risks related to
commodity price fluctuations; the absence of control
over mining operations from which Metalla will
purchase precious metals pursuant to gold
streams, silver streams and other agreements or from which it will
receive royalty payments pursuant to
net smelter returns, gross overriding royalties, gross
value royalties and other royalty
agreements or interests and risks related
to those mining operations, including risks related to
international operations, government and
environmental regulation, delays in mine construction
and operations, actual results of mining and
current exploration activities, conclusions of
economic evaluations and changes in project
parameters as plans are refined; risks related to
exchange rate fluctuations; that
payments in respect of streams and royalties may be delayed or may
never be made; risks
related to Metalla's reliance on public disclosure and
other information regarding the mines or
projects underlying its streams
and royalties; that some
royalties or streams may be subject to
confidentiality arrangements that limit or prohibit
disclosure regarding
those royalties and
streams; business opportunities that
become available to, or are pursued by, Metalla;
that Metalla's cash flow is
dependent on the activities of others;
that Metalla has had negative cash flow from
operating activities in
the past; that some royalty and stream
interests are subject to rights of other
interest-holders; that
Metalla's royalties and streams may have
unknown defects; risks related to
Metalla's two material assets,
the Côté property and the Taca Taca
property; risks related to general
business and economic
conditions; risks related to global
financial conditions, geopolitical events and other
uncertainties; risks
related to epidemics, pandemics or
other public health crises, and the
spread of other viruses or
pathogens, and the potential impact
thereof on Metalla's business, operations and
financial condition; that Metalla is
dependent on its key personnel;
risks related to Metalla's financial
controls; dividend
policy and future payment of
dividends; competition;
that project operators may not respect
contractual obligations; that
Metalla's royalties and streams may be
unenforceable; risks related to
conflicts of interest of Metalla's directors and
officers; that Metalla may
not be able to obtain adequate financing
in the future; risks related
to Metalla's current credit facility and financing
agreements; litigation; title,
permit or license disputes related to
interests on any of the properties in which Metalla
holds, or may acquire, a royalty,
stream or other interest;
interpretation by government entities of tax laws
or the implementation of new tax
laws; changes in tax laws impacting
Metalla; risks related to
anti-bribery and anti-corruption laws;
credit and liquidity risk; risks related to
Metalla's information systems and cyber
security; risks posed by
activist
shareholders; that
Metalla may suffer reputational damage in the ordinary course
of business; risks
related to acquiring, investing in or developing
resource projects; risks applicable
to owners and operators of properties
in which Metalla holds an
interest; exploration, development
and operating
risks; risks related to climate
change; environmental
risks; that the exploration and
development activities related to mine
operations are subject to extensive laws and
regulations; that the
operation of a mine or project is subject
to the receipt and maintenance of permits from
governmental
authorities; risks
associated with the acquisition and maintenance of
mining infrastructure; that
Metalla's success is dependent on
the efforts of operators'
employees; risks related to mineral
resource and mineral reserve
estimates; that mining
depletion may not be replaced by the discovery of new mineral
reserves; that operators'
mining operations are subject to
risks that may not be able to be insured
against; risks
related to land title; risks related
to international operations; risks
related to operating in countries with
developing economies; risks
related to the construction, development and
expansion of mines or
projects; risks associated with operating
in areas that are presently, or were formerly, inhabited
or used by indigenous
peoples; that Metalla is required, in certain
jurisdictions, to allow individuals from that
jurisdiction to hold nominal interests
in Metalla's subsidiaries in that
jurisdiction; the volatility of the
stock
market; that existing
securityholders may be
diluted; risks related to Metalla's
public disclosure
obligations; risks
associated with future sales or issuances of debt or
equity securities; risks associated with
the Company's loan facility; that there can be
no assurance that an active trading market for
Metalla's securities will be
sustained; risks related to the enforcement of
civil judgments against Metalla; risks
relating to Metalla potentially being a passive "foreign
investment company" within the meaning of
U.S. federal tax laws; and the other
risks and uncertainties disclosed under the heading "Risk Factors"
in the Company's most recent Annual
Information Form, annual report on Form 40-F and other
documents filed with or submitted to the Canadian
securities regulatory authorities on the SEDAR+
website at www.sedarplus.ca and the U.S. Securities
and Exchange Commission on the EDGAR website at
www.sec.gov. Although we have attempted to identify
important factors that could cause actual actions,
events or results to differ materially from those
described in forward-looking statements, there may be
other factors that cause actions, events
or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking
statements will prove to be accurate, as actual results
and future events could differ materially from those
anticipated in such statements. Accordingly,
readers should not place undue reliance on
forward-looking statements. We are under no obligation
to update or alter any forward-looking
statements except as required under applicable securities laws. For
the reasons set forth above, undue
reliance should not be placed on forward-looking
statements.
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SOURCE Metalla Royalty & Streaming Ltd.