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Sweetwater Royalties Acquires Land Grant Assets from Occidental Petroleum
Wednesday 21 October 2020

Colorado, US-based minerals and metals royalty company Sweetwater Royalties LLC has acquired land grant assets in Wyoming, Colorado and Utah from Occidental Petroleum Corp., the company said.

Terms of the transaction were not disclosed.

The Land Grant assets date to the Pacific Railroad Act of 1862 and provide immediate cash flow.

Sweetwater Royalties is a base metals and industrial minerals royalty company owned by Orion Mine Finance. Sweetwater Royalties holds more than 4m mineral acres and one m fee surface acres in Wyoming, Utah and Colorado.

Orion is a global alternative investment management firm with approximately USD 6.2bn under management (as of 3/31/2020). Orion specialises in institutional metals investment strategies in the industrial and precious metals space.
Date Published: 21/10/2020