Deterra Global Holdings offers £144m cash for Trident Royalties, valuing each share at 49p, a 23% premium.

Deterra Global Holdings Pty Ltd has announced a recommended all-cash offer for Trident Royalties PLC, valued at £144 million. The cash bid values each share in Trident at 49 pence each, representing a 23% premium. Deterra Royalties Ltd, based in Perth, Australia, believes that Trident's Thacker Pass lithium asset aligns with its target investment criteria, and the acquisition will aid in its diversification efforts.