VANCOUVER - Metalla Royalty & Streaming Ltd. (TSXV: MTA) (NYSE American: MTA), a precious and base metals royalty company, announced today the appointment of Chris Beer as an independent director to its board, pending regulatory approval.
Chris Beer, a seasoned professional with over 35 years of experience in the mining finance and exploration sector, has joined the board of directors at Metalla Royalty & Streaming Ltd. Beer's career includes a notable tenure as Managing Director and Senior Portfolio Manager at RBC Global Asset Management, where he managed award-winning global portfolios in various sectors including precious metals and clean energy. His early career involved geological exploration with Noranda Exploration and later, mining analysis at Canadian banks. Beer holds a CFA designation, an MBA from the University of Toronto's Rotman School of Management, and a Bachelor of Science in Geology.
Brett Heath, CEO of Metalla, expressed his enthusiasm for Beer's addition to the board, highlighting his alignment with Metalla's strategy and approach in the mineral resources sector. Beer, in turn, has expressed his honor in joining Metalla's board and looks forward to contributing to the company's growth and value maximization.
In conjunction with his board appointment, Beer has agreed to purchase 40,000 shares of Metalla in the market. Additionally, Metalla has granted Beer 40,000 restricted share units (RSUs) as per the company's share compensation plan. These RSUs will vest over two annual installments, with each vested RSU entitling Beer to one common share of the company upon vesting.
Metalla aims to provide shareholders with leveraged exposure to metals through a growing portfolio of royalties and streams, focusing on gold, silver, and copper. The company boasts a robust asset portfolio and a history of value accretive transactions, positioning itself as an emerging leader in the royalty space. InvestingPro analysis shows impressive revenue growth of 29% over the last twelve months, though operating with moderate debt levels. The company maintains a FAIR overall financial health score, suggesting stable operational fundamentals.
This announcement is based on a press release statement and includes forward-looking statements regarding Beer's future contributions and regulatory approval for his appointment. However, such statements are subject to various risks and uncertainties, and actual outcomes may differ materially from those projected. According to InvestingPro's Fair Value analysis, Metalla appears undervalued at current levels. Investors seeking deeper insights can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers, which includes detailed analysis of Metalla's valuation metrics, financial health, and growth prospects among 1,400+ top stocks.
In other recent news, Metalla Royalty & Streaming Ltd. has been in the spotlight following Canaccord Genuity's initiation of coverage on the stock with a Buy rating. The company's strong near-term production potential, backed by its vast portfolio of 102 assets globally, has drawn positive attention. A significant portion of these assets are in the exploration and development stages, accounting for approximately 86% of the company's net asset value (NAV). Key producing assets include royalties on operations in Mexico, Brazil, and South Dakota, which contribute significantly to the NAV.
In addition, Metalla has recently welcomed Jason Cho as the new president of the company. Cho, an industry veteran with over 25 years of experience, has made a personal equity investment into Metalla, further aligning his interests with the company and its shareholders.
Meanwhile, the Metropolitan Transportation Authority (MTA) of New York is reevaluating its capital projects due to the suspension of the congestion pricing initiative in Manhattan. This recent development is expected to affect the revenue generation for MTA's projects. These are among the recent developments affecting both Metalla and the MTA.
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