Gold Royalty completed the merger with Ely Gold in a $207m deal.

Gold Royalty, a gold-focused royalty company, completed the merger with Ely Gold, a Nevada focused gold royalty company, in a $207m deal. "We are delighted to have completed our acquisition of Ely Gold, which is an important milestone as we execute our business strategy since our IPO in March 2021. With four producing royalties, 57 royalties on development stage assets and 45 royalties on exploration stage assets, the acquisition of Ely Gold creates a leading Americas-focused precious metals royalty company. The added scale, diversification, cash flow and access to capital provided by this transformative transaction well positions us to further execute on our strategy and become a leading consolidator in the royalty space. As this transaction demonstrates, we remain focused on opportunities to create shareholder value and will continue to identify and evaluate attractive acquisition opportunities that are consistent with our core strategy," David Garofalo, GRC CEO, President and Chairman.