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Horizon Copper

The business, the turning points, and the decisions behind them.

Founded2022
FundingUS$41.7M
Some sections are still being researched2 / 4

Sections to complete:02 · 05

01 / WHAT IT BUILT

What the company did

Horizon Copper was a Vancouver-based copper royalty and streaming company that held non-operating interests in high-quality copper assets. Created in August 2022 when Royalty North Partners completed a reverse takeover with Sandstorm Gold, its portfolio included a 30% interest in the Hod Maden copper-gold project in Turkey, exposure to Rio Tinto's Oyu Tolgoi mine in Mongolia via Entrée Resources, and a 1.66% net profits interest in the Antamina mine in Peru.

02 / FAILURE REASONS

Pending assessment

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03 / EVENT HISTORY

Events in the structured record

  1. Company founded

    Royalty North Partners completes its reverse takeover with Sandstorm Gold and changes its name to Horizon Copper, buying a 30% interest in the Hod Maden copper-gold project in Turkey.

  2. Acquisition

    Royal Gold completes its acquisition of Horizon Copper at C$2.00 per share on October 20, 2025; shareholders approved the plan of arrangement and the company delists from the TSX Venture Exchange.

04 / CONTEMPORARY REBUILD ASSESSMENT

Difficulty of rebuilding this project today

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Rebuild difficultyPending assessmentNot completed
Scoring basisNot completed
ScalabilityPending assessmentNot completed
Scoring basisNot completed

Overall assessment: Not completed

05 / CAUSAL CHAIN / AFTERMATH

Pending assessment

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