We have 22 principal royalty and streaming related assets across five continents, providing diversified commodity exposure.

95% 

of the portfolio
in OECD countries

90%

of the portfolio in
future facing commodities

Stage

  • Producing
  • Development
  • Early stage
  • In construction

Category

Commodity
Mantos Blancos, Chile
Voisey’s Bay, Canada
IOC, Canada
McClean Lake mill, Canada
Maracás Menchen, Brazil
Four Mile, Australia
Carlota, USA
Pilbara, Australia
Vizcachitas, Chile
Salamanca, Spain
SW2, Canada
Nifty, Australia
Phalaborwa, South Africa
Santo Domingo, Chile
Cañariaco, Peru
West Musgrave, Australia
Piauí, Brazil
Incoa, Dominican Republic
Ring of Fire, Canada
Kestrel, Australia
EVBC, Spain
Mantos Blancos, Chile
Stage
Producing
Commodity
Copper
Operator
Capstone Copper
Location
Chile
Royalty rate and type
1.525% NSR
Read more
Voisey’s Bay, Canada
Stage
Producing
Commodity
Cobalt
Operator
Vale
Location
Canada
Royalty rate and type
22.82% attributable production Production payment – 18% of spot price
Read more
IOC, Canada
Stage
Producing
Commodity
Iron ore
Operator
Rio Tinto
Location
Canada
Royalty rate and type
Indirect interest in 7% GRR
Read more
McClean Lake mill, Canada
Stage
Producing
Commodity
Uranium
Operator
Orano
Location
Canada
Royalty rate and type
Tolling revenue
Read more
Maracás Menchen, Brazil
Stage
Producing
Commodity
Vanadium
Operator
Largo Resources
Location
Brazil
Royalty rate and type
2.0% NSR
Read more
Four Mile, Australia
Stage
Producing
Commodity
Uranium
Operator
Quasar Resources
Location
Australia
Royalty rate and type
1.0% NSR
Read more
Carlota, USA
Stage
Producing
Commodity
Copper
Operator
KGHM
Location
USA
Royalty rate and type
5.0% NSR
Read more
Pilbara, Australia
Stage
Early stage
Commodity
Iron ore
Operator
BHP
Location
Australia
Royalty rate and type
1.5% GRR
Read more
Vizcachitas, Chile
Stage
Development
Commodity
Copper
Operator
Los Andes Copper
Location
Chile
Royalty rate and type
0.25% NSR
Read more
Salamanca, Spain
Stage
Development
Commodity
Uranium
Operator
Berkeley Energia
Location
Spain
Royalty rate and type
1.0% NSR
Read more
SW2, Canada
Stage
Early stage
Commodity
Uranium
Operator
NexGen
Location
Canada
Royalty rate and type
2.0% NSR
Read more
Nifty, Australia
Stage
Development
Commodity
Copper
Operator
Cyprium
Location
Australia
Royalty rate and type
1.5% Realised Value royalty
Read more
Phalaborwa, South Africa
Stage
Development
Commodity
Rare Earths
Operator
Rainbow Rare Earths
Location
South Africa
Royalty rate and type
0.85% GRR
Balance sheet classification
Royalty Intangible
Read more
Santo Domingo, Chile
Stage
Development
Commodity
Copper and cobalt
Operator
Capstone Copper
Location
Chile
Royalty rate and type
2.0% NSR
Read more
Cañariaco, Peru
Stage
Early stage
Commodity
Copper and gold
Operator
Alta Copper
Location
Peru
Royalty rate and type
0.5% NSR
Read more
West Musgrave, Australia
Stage
In construction
Commodity
Copper and nickel
Operator
BHP
Location
Australia
Royalty rate and type
2.0% NSR
Read more
Piauí, Brazil
Stage
Development
Commodity
Nickel and cobalt
Operator
Brazilian Nickel
Location
Brazil
Royalty rate and type
1.60%
Read more
Incoa, Dominican Republic
Stage
Development
Commodity
Calcium carbonate
Operator
Incoa
Location
Dominican Republic/USA
Royalty rate and type
~1.23% GRR
Read more
Ring of Fire, Canada
Stage
Early stage
Commodity
Chromite
Operator
Wyloo Metals
Location
Canada
Royalty rate and type
1.0% NSR
Read more
Kestrel, Australia
Stage
Producing
Commodity
Steelmaking coal
Operator
EMR Capital and Adaro
Location
Australia
Royalty rate and type
7.0–40.0% GRR
Read more
EVBC, Spain
Stage
Producing
Commodity
Gold
Operator
Orvana Minerals
Location
Spain
Royalty rate and type
0.5–3.0% NSR
Read more
Asset Commodity Location Stage Operator Royalty basis Mine life
Mantos Blancos, Chile Copper Chile
Producing
 Capstone Copper 1.525% NSR 2038
Carlota, USA Copper USA
Producing
 KGHM 5.0% NSR 2024/2025
Vizcachitas, Chile Copper Chile
Development
 Los Andes Copper 0.25% NSR 26 years
Nifty, Australia Copper Australia
Development
 Cyprium 1.5% Realised Value royalty 15 years
Santo Domingo, Chile Copper and cobalt Chile
Development
 Capstone Copper 2.0% NSR 18 years
Cañariaco, Peru Copper and gold Peru
Early stage
 Alta Copper 0.5% NSR 28 years
West Musgrave, Australia Copper and nickel Australia
In construction
 BHP 2.0% NSR 24 years
Piauí, Brazil Nickel and cobalt Brazil
Development
 Brazilian Nickel 1.60% 18 years
Asset Commodity Location Stage Operator Royalty basis Mine life
Voisey’s Bay, Canada Cobalt Canada
Producing
 Vale 22.82% attributable production Production payment – 18% of spot price 2035
Maracás Menchen, Brazil Vanadium Brazil
Producing
 Largo Resources 2.0% NSR 2041
Phalaborwa, South Africa Rare Earths South Africa
Development
 Rainbow Rare Earths 0.85% GRR 16+ years
Asset Commodity Location Stage Operator Royalty basis Mine life
McClean Lake mill, Canada Uranium Canada
Producing
 Orano Tolling revenue 2037
Four Mile, Australia Uranium Australia
Producing
 Quasar Resources 1.0% NSR 2029
Salamanca, Spain Uranium Spain
Development
 Berkeley Energia 1.0% NSR 14 years
SW2, Canada Uranium Canada
Early stage
 NexGen 2.0% NSR N/A
Asset Commodity Location Stage Operator Royalty basis Mine life
IOC, Canada Iron ore Canada
Producing
 Rio Tinto Indirect interest in 7% GRR 2045
Pilbara, Australia Iron ore Australia
Early stage
 BHP 1.5% GRR N/A
Incoa, Dominican Republic Calcium carbonate Dominican Republic/USA
Development
 Incoa ~1.23% GRR N/A
Ring of Fire, Canada Chromite Canada
Early stage
 Wyloo Metals 1.0% NSR N/A
Kestrel, Australia Steelmaking coal Australia
Producing
 EMR Capital and Adaro 7.0–40.0% GRR 2026
EVBC, Spain Gold Spain
Producing
 Orvana Minerals 0.5–3.0% NSR 2026