Sandstorm Metals & Energy
Encyclopedia
Sandstorm Metals & Energy Ltd. provides commodity financing to base metal
, bulk commodity and energy companies in the form of a metal streaming deal, whereby an upfront cash payment is exchanged for a percentage of production from the asset. The finance model has also been called a volumetric production payment
transaction and originated in the oil and gas sector.
(now Sandstorm Gold) in April, 2010 in an effort to apply the metal streaming model to additional commodities while preserving a precious metals vehicle in Sandstorm Gold. Both companies are led by President & CEO Nolan Watson
, the former Chief Financial Officer of Silver Wheaton, which was the first organization to apply the streaming financial model to the mining industry. Sandstorm Metals & Energy is a publicly traded company, listed on the Toronto Venture Exchange under the symbol, SND.
, a natural gas streaming deal with Thunderbird Energy Corp. and a copper streaming deal with Donner Metals Ltd. Sandstorm Metals & Energy plans to grow aggressively and accretively by completing multiple streaming transactions in a variety of commodities.
Base metal
In chemistry, the term base metal is used informally to refer to a metal that oxidizes or corrodes relatively easily, and reacts variably with diluted hydrochloric acid to form hydrogen. Examples include iron, nickel, lead and zinc...
, bulk commodity and energy companies in the form of a metal streaming deal, whereby an upfront cash payment is exchanged for a percentage of production from the asset. The finance model has also been called a volumetric production payment
Volumetric production payment
A volumetric production payment deal is a means of financing that has been used in the oil and gas industry for several decades. A VPP involves the owner of an oil and gas property selling a percentage of their production in exchange for an upfront cash payment...
transaction and originated in the oil and gas sector.
History
Sandstorm Metals & Energy was formed as a spin-out of Sandstorm ResourcesSandstorm Resources
Sandstorm Gold Ltd. provides financing for precious metal mining companies in the form of a 'gold streaming deal' whereby an upfront cash payment is exchanged for a percentage of gold production from the mine...
(now Sandstorm Gold) in April, 2010 in an effort to apply the metal streaming model to additional commodities while preserving a precious metals vehicle in Sandstorm Gold. Both companies are led by President & CEO Nolan Watson
Nolan Watson
Nolan Watson is a Canadian entrepreneur, known for his work in the mining industry and his humanitarian efforts in Africa. When Watson was named the Chief Financial Officer of Silver Wheaton in 2006, he became the youngest CFO of a multi-billion dollar market capitalization company listed on the...
, the former Chief Financial Officer of Silver Wheaton, which was the first organization to apply the streaming financial model to the mining industry. Sandstorm Metals & Energy is a publicly traded company, listed on the Toronto Venture Exchange under the symbol, SND.
Operations
The company was officially launched in November 2010 with the announcement of six Coal Streaming deals and a $100 million financing. The Coal Streaming deals were completed with Novadx Ventures Corp. and Royal Coal Corp. Since that time, Sandstorm has added an oil & gas streaming deal with Terrex Energy Inc. an Alberta based company focused on Enhanced Oil RecoveryEnhanced oil recovery
Enhanced Oil Recovery is a generic term for techniques for increasing the amount of crude oil that can be extracted from an oil field...
, a natural gas streaming deal with Thunderbird Energy Corp. and a copper streaming deal with Donner Metals Ltd. Sandstorm Metals & Energy plans to grow aggressively and accretively by completing multiple streaming transactions in a variety of commodities.
Management and directors
- Nolan WatsonNolan WatsonNolan Watson is a Canadian entrepreneur, known for his work in the mining industry and his humanitarian efforts in Africa. When Watson was named the Chief Financial Officer of Silver Wheaton in 2006, he became the youngest CFO of a multi-billion dollar market capitalization company listed on the...
, President & CEO; Director - David Awram, Executive Vice President and Director
- Erfan Kazemi, CFO
- Justin Cochrane, Executive Vice President, Corporate Development
- Claudia Tornquist, Executive Vice President, Business Development
- Dan Gundersen, Vice President, Energy Finance
- Andrew T. Swarthout, Director; President and Director of Bear Creek Mining
- John P. A. Budreski, Director; Vice Chairman of Cormark Securities
- David E. DeWitt, Director; Chairman of Pathway Capital Ltd.
- Marcel DeGroot, Director; Co-Founder of Pathway Capital Ltd.