Royalty North Partners Ltd. (TSXV:RNP) signed a letter of intent to acquire 30% Hod Maden Project and 25% of Entrée Resources Ltd. from Sandstorm Gold Ltd. (TSX:SSL) on February 17, 2022. In consideration, Sandstorm will receive a $200 million gold stream on Hod Maden, a debenture with a principal amount of $95 million and between 23,716,551 and 28,908,951 Royalty North Partners's common shares. RNP will acquire certain copper-gold assets from Sandstorm, repositioning RNP as a high-growth copper mining company. The assets acquired by RNP include a 30% equity interest in the Hod Maden copper-gold project and approximately 49.7 million shares in Entrée Resources Ltd. Sandstorm will also contribute $10 million in cash to RNP as part of the Transaction. The transaction will constitute a “Reverse Takeover” transaction for Royalty North under the policies of the TSX Venture Exchange.

On May 1, 2022, Royalty North Partners Ltd. (TSXV:RNP) signed an amended and restated letter of intent with Sandstorm Gold Ltd. (TSX:SSL) to acquire 1.66% net profits interests in Antamina copper mine. On May 26, 2022, Royalty North Partners Ltd. (TSXV: RNP) announces that it has entered into a share purchase agreement with Sandstorm Gold Ltd, whereby it will acquire an approximately 25.2% stake in Entrée Resources Ltd. The consideration would be paid as a promissory note in the principal amount of CAD 43.2 million. Upon completion of the Transaction, RNP plans to change its name to “Horizon Copper Corp” or such other name as may be determined. At the close of the transaction, Sandstorm will be the largest shareholder of Horizon with approximately 34% equity ownership.

Post-acquisition, leadership team including the expectation that Erfan Kazemi will be appointed as Chief Executive Officer of Royalty North along with Craig McMillan as Chief Financial Officer. Horizon's proposed management and board of directors are Nolan Watson as Chairman, Justin Currie as Director, Bianca Goodloe as Director, H. Clark Hollands as Director and Gregory Smith as Director. Upon completion of the transaction, it is expected that all of the existing board of directors of the Company will remain in place. The transaction is subject to a number of conditions, including, but not limited to, execution of definitive agreements, TSX-V acceptance, RNP raising a minimum of $20 million in the Concurrent Financing and RNP shareholder approval excluding votes held by certain NonArm's Length Parties. As of March 9, 2022, Royalty North Partners has completed subscription receipt financing (the "Private Placement") conducted pursuant to the transaction. As of June 1, 2022, Royalty North completed the acquisition of an approximately 25.2% stake in Entrée Resources Ltd. As of July 26, 2022, Royalty North has scheduled an annual general and special meeting of shareholders to approve the transaction for August 29, 2022 (the “Shareholder Meeting”). The transaction is currently expected to close in the second half of 2022. As of May 26, 2022, the transaction is expected to close on or about May 31, 2022. The transaction is subject to various closing conditions and is expected to close in the second half of 2022.

Royalty North Partners Ltd. (TSXV:RNP) completed the acquisition of 30% Hod Maden Project and 25% of Entrée Resources Ltd. from Sandstorm Gold Ltd. (TSX:SSL) on August 31, 2022.