- NGEx Minerals Ltd. recently received final court approval for the spin-out of its net smelter returns royalties into a new subsidiary, LunR Royalties Corp., involving the distribution of LunR Royalties shares to existing NGEx shareholders.
- This separation allows NGEx shareholders direct exposure to both core mineral assets and royalty interests, while NGEx will retain a 19.9% stake in the newly formed entity.
- We’ll explore how separating royalty assets into LunR Royalties could reshape NGEx Minerals’ investment narrative and operational focus moving forward.
Find companies with promising cash flow potential yet trading below their fair value.
What Is NGEx Minerals’ Investment Narrative?
Anyone considering NGEx Minerals likely sees the big picture: a mining company with zero revenue to date, a history of expanding losses, and most of its value tied to exploration success at Lunahuasi and Los Helados. The recent spin-out of royalty…
