Triple Flag to acquire 0.5% royalty on Argentina lithium project

TSX- and NYSE-listed Triple Flag Precious Metals Corp has entered into a definitive agreement to acquire an existing 0.5% gross overriding revenue royalty on the Tres Quebradas construction-stage lithium project, in Argentina, from Lithium Royalty Corp for $28-million. Tres Quebradas is owned and operated by Zijin Mining Group and is a scalable, high-grade asset with low impurities, designed as a conventional brine with evaporation and precipitation.