09:03 AM EDT, 09/30/2024 (MT Newswires) -- Osisko Gold Royalties ( OR ) said on Monday that it had agreed to acquire a 1.8% gross revenue royalty on the Dalgaranga Gold project in Western Australia, operated by Spartan Resources Limited

The company said it also acquired a 1.35% gross revenue royalty on nearby exploration licenses to Dalgaranga. Osisko Gold Royalties ( OR ) will pay $44 million for the Dalgaranga Royalty and $6 million for the Exploration Royalty to Tembo Capital Mining Fund III.

The transaction is pending approval from Australia's Foreign Investment Review Board, which is expected in the coming weeks.

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