Trident Royalties plc
Trident Royalties plc is a London-listed mining royalty company that provides non-dilutive development capital to mining operators in exchange for royalty streams on production, with a thematic focus on battery metals and a flagship royalty interest in Lithium Americas' Thacker Pass lithium project.
- Company typePublic
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
Trident Royalties plc firmographics
Firmographics- Name
- Trident Royalties plc
- Legal name
- Trident Royalties plc
- Website
- https://tridentroyalties.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Trident Royalties plc is a London-listed mining royalty company that provides non-dilutive development capital to mining operators in exchange for royalty streams on production, with a thematic focus on battery metals and a flagship royalty interest in Lithium Americas' Thacker Pass lithium project.
- Ownership category
- akta.pro rank
Trident Royalties plc industry classification
Industry- Product category
- Mining Royalty Financing
- SIC
- Mineral Royalty Traders (6795)
- akta.pro primary industry
- Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK)
- akta.pro secondary industry
- Precious Metals Streaming, Royalties & Offtake (IMAKAEAF)
Keywords
Where Trident Royalties plc is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Trident Royalties plc business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Revenue model
- Royalty Payments: Trident Royalties earns revenue through royalty agreements with mining project operators. The company provides capital to mining projects and receives ongoing royalty payments based on production or sales volumes. Royalty income increases significantly as projects reach full production capacity.
- Credit Facility: The company has secured a USD 40 million revolving credit facility from BMO Capital Markets and CIBC to support its capital deployment strategy and ongoing operations.
Go-to-market motion1 record
Trident Royalties plc product offering
Product offeringCore offering
Trident Royalties plc is a mining royalty company that provides development and production capital to mining projects in exchange for ongoing royalty payments tied to mine output or sales. The company invests across precious metals, base metals, battery metals (with a particular focus on lithium), and bulk materials, targeting producing and near-producing assets globally.
Differentiator
Problem solved
Functional benefit
Products and services
- Mining Royalty Financing Provision of non-dilutive development and production capital to mining operators and developers in exchange for royalty agreements on future production or revenue from mining assets. Serves mining companies across precious metals, base metals, battery metals, and bulk materials sectors globally.
- Lithium Americas Royalty (Thacker Pass Project) Royalty interest held over Lithium Americas' Thacker Pass lithium project in the U.S., entitling Trident to a share of future production or revenue from the asset. Serves as a flagship battery-metals royalty investment in the company's portfolio.
Quantifiable outcome
- Anticipated royalty payments to increase significantly at full production capacity from Thacker Pass project
Companies that use Trident Royalties plc
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Trident Royalties plc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Trident Royalties plc partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Lithium AmericascoreTrident Royalties holds royalty interests in Lithium Americas' Thacker Pass lithium project, one of the largest lithium deposits in North America. The project received a $2.3 billion conditional loan from the US Department of Energy, with Trident anticipating royalty payments to increase significantly at full production capacity.
Scale indicators4 records
Trident Royalties plc competitors and assessment
Company assessmentDirect peers
- Vox Royalty Corp. Junior royalty company that acquires royalties on gold, copper, and other critical-mineral projects globally. Vox is highly relevant as a small-cap diversified royalty peer of similar size and growth-stage orientation to Trident Royalties.
- Sandstorm Gold Ltd. Royalty and streaming company that provides financing to mining operators in exchange for a share of metals produced. Sandstorm is comparable to Trident as a smaller, growth-oriented streamer actively building a diversified royalty portfolio across gold, silver, base metals, and critical minerals.
- Franco-Nevada Corporation: The world's largest precious metals royalty and streaming company with a diversified portfolio across mining and energy. Franco-Nevada is the canonical template for the royalty/streaming business model that Trident Royalties operates, making it the most comparable direct peer despite Trident's smaller scale and battery-metals focus.
- Royal Gold, Inc. US-listed precious-metals royalty and streaming company with a portfolio of royalty, streaming, and similar interests across global mining operations. Royal Gold is among the most established pure-play royalty/streaming franchises and competes with Trident for the same upstream-financing opportunities.
- Osisko Gold Royalties Ltd: Intermediate-tier precious-metals royalty and streaming company with a portfolio of royalties, streams, and offtakes plus minority interests in mining companies. Osisko is a directly comparable mid-cap royalty/streaming operator for Trident in terms of business model and target mining counterparties.
- Triple Flag Precious Metals Corp. Precious-metals focused streaming and royalty company providing upfront financing to mining companies in exchange for metal deliveries. Triple Flag is a directly comparable streamer in scale and strategy, with growing diversification into critical/battery metals mirroring Trident's thematic positioning.
- Nomad Royalty Company Ltd. Precious metals royalty company with a portfolio of streams and royalties. Nomad is a comparable small/mid-cap streamer to Trident in scale, business model, and target project size, even though its commodity mix is weighted more toward precious metals.
- Metalla Royalty and Streaming Ltd. Small-cap royalty and streaming company focused on acquiring precious metals, base metals, and battery metals royalties and streams. Metalla is among the most direct small-cap comparables to Trident given its scale, listing, and emphasis on battery-metals royalties.
- Wheaton Precious Metals Corp. Major precious-metals streaming company that provides upfront financing to miners in exchange for delivery of a percentage of metals produced. Wheaton is a close comparable for Trident's model of paying up-front capital for ongoing commodity-linked cash flows, with growing exposure to base/battery metals.
Emerging players
- Elemental Royalties Corp. Royalty company focused on diversified cash-flow royalties across mining projects, including battery and critical minerals exposure. Elemental is an emerging comparable to Trident's diversified-thematic-royalty thesis, though still in earlier-stage ramp.
Market position
Customer concentration
Trident Royalties plc social profiles
Digital presenceTrident Royalties plc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trident Royalties plc leadership team
Management profileNumber of profiles
Profiles1 record
Trident Royalties plc funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trident Royalties plc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trident Royalties plc
What does Trident Royalties plc do?
Trident Royalties plc is a mining royalty company that provides development and production capital to mining projects in exchange for ongoing royalty payments tied to mine output or sales. The company invests across precious metals, base metals, battery metals (with a particular focus on lithium), and bulk materials, targeting producing and near-producing assets globally.
Is Trident Royalties plc a public or private company?
Trident Royalties plc is a public company. It is classified as public and is currently operating.
When was Trident Royalties plc founded?
Trident Royalties plc was founded in 2018. It employs 1 to 10 people.
Where is Trident Royalties plc based?
Trident Royalties plc is headquartered in London, United Kingdom, in the Europe region.
How does Trident Royalties plc make money?
Two revenue lines are on record. Royalty Payments are the primary driver. The others are credit Facility.
Who are Trident Royalties plc's main competitors?
Direct peers on record are Vox Royalty Corp., Sandstorm Gold Ltd., Franco-Nevada Corporation, Royal Gold, Inc., Osisko Gold Royalties Ltd, Triple Flag Precious Metals Corp., Nomad Royalty Company Ltd., Metalla Royalty and Streaming Ltd. and Wheaton Precious Metals Corp.. Elemental Royalties Corp. is listed as an emerging player.
Does Trident Royalties plc have an API?
No public API is recorded for Trident Royalties plc.
What industry is Trident Royalties plc in?
Trident Royalties plc's product category is Mining Royalty Financing. Its primary akta.pro industry code is FSAHAIAK, Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming), with a secondary code of IMAKAEAF, Precious Metals Streaming, Royalties & Offtake. Its SIC code is 6795.