07:56 AM EDT, 04/14/2026 (MT Newswires) -- OR Royalties ( OR ) was at last look up 1% in US premarket trade after the company said it is acquiring a precious metals stream on Canadian Copper's ( CNDIF ) New Brunswick assets for US$28.0 million.

A statement noted the assets comprise the Murray Brook properties and the Caribou property, and include the Caribou Processing Plant.

OR Royalties ( OR ) will pay US$5.0 million cash upon closing, with US$23.0 million funded quarterly in line with project construction budgets, a statement said. A US$35.0 million concentrate prepayment facility has been provided by Ocean Partners UK, securing the full construction financing required to advance the project into commercial production.

Concurrent with closing, OR Royalties ( OR ) will subscribe to US$4.0 million in Canadian Copper ( CNDIF ) shares at C$0.75 apiece.

Canadian Copper ( CNDIF ) will deliver refined silver and gold equal to 20% of the payable silver and gold in concentrate or any other product for the life of mine to OR Royalties ( OR ). This does not include payable gold from Murray Brook.

"Canadian Copper's Murray Brook Project checks all of our strategic boxes; the integration of Murray Brook and the Caribou Complex creates a premier brownfield polymetallic project with significant precious metals credits in a Tier-1 mining jurisdiction. Thanks to existing infrastructure and strong alignment with local stakeholders, the project benefits from a significantly accelerated development timeline. We are excited to partner with Canadian Copper ( CNDIF ) as they advance toward a mine-and-mill restart, which is expected to deliver high-margin GEOs to OR Royalties ( OR ) before the end of the decade," said OR Royalties ( OR ) chief executive Jason Attew.

OR Royalties ( OR ) shares closed down $0.12, to $54.44 on Monday on the Toronto Stock Exchange.