Royal Gold Inc. has announced the acquisition of a stream and royalty agreement for the Warintza copper-gold-molybdenum project. This deal provides Royal Gold with exposure to a world-class resource with significant long-term production potential. Under the terms, Royal Gold will pay $200 million in cash in three installments, with the first $100 million expected at financial closing. The project, currently in early development, is notable for its large-scale potential and independence from major mining company control. The transaction structure offers Solaris flexibility in advancing the project while also safeguarding Royal Gold's interests. The Gold Stream Agreement will initially cover all copper produced from a designated area, with potential expansion if certain conditions are not met by May 21, 2033.