LONDON, UK / ACCESSWIRE / October 18, 2023 / Trident Royalties Plc (AIM:TRR, OTCQB:TDTRF), the diversified mining royalty company, is pleased to note the recent announcement by ASX-listed Anson Resources Ltd ("Anson", ASX:ASN) outlining a 45% increase in its JORC 2012 compliant Mineral Resource at its Paradox Lithium Project ("Paradox") located in the Paradox Basin of south-eastern Utah, USA.

On 4 September 2023, Trident announced the acquisition of a 2.50% net smelter return royalty over all of Anson's projects in the Paradox Basin, including Paradox and the Green River Lithium Project¹.

Highlights²

Material increase in Resource demonstrates value of Trident's royalty

· Material JORC 2012 Mineral Resource upgrade confirmed at Paradox;

o 1.504Mt of Lithium Carbonate Equivalent (LCE) and 7.61Mt of Bromine, including,

• Indicated Resource of 366,737t of LCE and 1.91Mt of Bromine
• Inferred Resource of 1.14Mt of LCE and 5.70Mt of Bromine

· Upgraded Mineral Resource represents:

o 45% increase in previously reported Lithium Resource, including;

• 6% increase in Indicated Resource
• 117% increase in Inferred Resource

· Mineral Resource upgrade confirmed after Anson successfully completes the strategic acquisition of the Green Energy Lithium Project immediately adjacent to Paradox

· The Upgraded Mineral Resource represents a further significant expansion of Anson's lithium JORC Mineral Resource inventory in the Paradox Basin

· Potential for substantial further Mineral Resource expansion via drilling of Anson's Western Strategy

Adam Davidson, Chief Executive Officer of Trident commented:

"The material increase in Resource following the acquisition of Green Energy highlights the attractiveness of the royalty model, with value add from the acquisition immediately flowing to the royalty. Anson continues to progress Paradox aggressively and we are pleased with the significant amount of activity that has occurred within the short time since we acquired the royalty. With this royalty giving us further exposure to battery metals, and in this instance direct lithium extraction, we look forward to further progress as Anson advances Paradox towards a development decision."

Figure 1. Plan shows the Mineral Resource classification for the Clastic Zone 31 horizon after resource upgrade²

References

1: Source: Trident Royalties announcement dated 4 September 2023

( https://polaris.brighterir.com/public/trident/news/rns/story/rgz8ljw )

2: Source: Anson Resources announcement dated 16 October 2023

( https://wcsecure.weblink.com.au/clients/ansonresources/headline.aspx?headlineid=61174219 )

Table 1: Paradox Lithium Project Total JORC 2012 Mineral Resource estimate, dated 16 October 2023

Notes: * Lithium is converted to lithium carbonate (Li₂CO₃) using a conversion factor of 5.32 and boron is converted to boric acid (H₃BO₃) using a conversion factor of 5.72. Rounding errors may occur. No cut-off grades have been applied to the resource reporting. The model has been classified by radius around sampled wells. Indicated resources have been classified within 2 km of a sampled well and inferred resourced within 4 km of a sampled well. Estimation by inverse distance squared interpolation. JORC 2012: 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Competent Person's Statement
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, MIMMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal Consultant working for Mining Analyst Consulting Ltd which has been retained by Trident to provide technical support.

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About Trident

Trident is a growth-focused diversified mining royalty and streaming company, providing investors with exposure to a mix of base battery, precious, and bulk metals.

Key highlights of Trident's strategy include:

The acquisition and aggregation of individual royalties and streams is expected to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio. Further value is expected to be delivered by the introduction of conservative levels of leverage through debt. Once scale has been achieved, strong cash generation is expected to support an attractive dividend policy, providing investors with a desirable mix of inflation protection, growth and income.

Forward-looking Statements

This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Trident provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Trident believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Mining exploration and development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Trident will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward‐looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.

Third Party Information

As a royalty and streaming company, Trident often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties and investments, or such information is subject to confidentiality provisions. As such, in preparing this announcement, the Company often largely relies upon information provided by or the public disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the date of this announcement.

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SOURCE: Trident Royalties PLC