On July 15, 2026, Elemental Royalty Corporation (“Elemental”) announced that it had entered into a US$25,000,000 investment package with Quilla Resources Inc. (“Quilla”) and its subsidiary, Minera Pampa de Cobre S.A.C., in relation to the producing Chapi copper project in Peru (the “Transaction”).
Pursuant to the terms of the Transaction, Elemental provided aggregate consideration of US$25,000,000 to Quilla through a combined royalty and equity investment package, funded from cash on hand. Elemental (i) subscribed for common shares of Quilla through a private placement, resulting in Elemental acquiring an approximately 9% equity interest in Quilla (the “Equity Investment”), and (ii) acquired an additional perpetual, uncapped 1.0% net smelter return royalty over all minerals produced from the Pampa Negra and Candelaria concessions on the Chapi project.
Fasken advised Elemental with respect to the Equity Investment with a team led by John Sabetti and Justine Connors that included Brittany Vanword (Capital Markets and M&A), Christopher Steeves (Tax) and Nathan Gates (Banking and Finance).
Jurisdiction
- Canada
