What it Takes to Exit a Minerals & Royalties Portfolio
Tuesday 13 October 2020 | 09:00 CT
As more and more capital has entered into the minerals & royalties space over the past 5-6 years, there has been a growing debate around how investors will exit their money. Should companies build up scale and try to go public or is an exit to an end-buyer the best route? While there are many strong opinions around this question, the reality is that there are only a handful of public minerals & royalties companies because of the recent headwinds in the IPO markets. Furthermore, the pool of established end-buyers who have the appetite and scale to take down larger portfolios is still relatively small. Therefore, a majority of the institutional capital that has been deployed in the minerals and royalties space since 2015 has yet to find an exit. That being said, a very short-list of companies have found ways to exit their portfolios, including Desert Royalty, Wing Resources, Caerus Oil & Gas, and Anthem Royalty. Tune into the live discussion on October 13th to learn how they did it.