Freehold Royalties Ltd. (TSX:FRU) entered into definitive agreement to acquire High quality Permian mineral title and royalty assets located in the Midland basin in Texas on December 10, 2023. In a related transaction Freehold Royalties Ltd. entered into definitive agreement to acquire High quality Permian mineral title and royalty assets located in Delaware basin in New Mexico and Texas. The aggregate consideration for these transactions is CAD 115 million (US$86.0 million).

The Acquisitions will be funded through the utilization of Freehold?s existing credit facility and are expected to close in January 2024.