08:24 AM EST, 02/03/2025 (MT Newswires) -- Topaz Energy ( TPZEF ) on Monday said it agreed to acquire a 35% interest in a natural-gas processing plant in Alberta and a gross overriding royalty interest on about 0.1-million acres of exploration lands in the province's Montney shale field for $43 million from an undisclosed seller.

The energy infrastructure and royalty company said it expects the acquisition to boost revenue by $5 million per year, not including potential royalty payments from the exploration lands.

Topaz said the vendor agreed to direct at least $50 million per year on developing the unexplored lands, while the gas plant is supported by a 15-year take or pay contract and the owner is responsible for maintenance and operating costs.

The company's shares closed down $0.54 to $25.05 Friday on the Toronto Stock Exchange.