Appian to sell royalty interest in Chile’s Caserones mine for $23m

Appian Capital Advisory has agreed to sell its royalty interest in the Chile-based Caserones copper mine to Nomad Royalty. Under the deal, Appian will sell a 0.28% net smelter return royalty on the Caserones mine, which is operated by Minera Lumina Copper Chile. The deal consideration includes $23m in cash to Appian, as well as two million common share purchase warrants of Nomad.

Source: Mining Technology