Weil is advising Ontario Teachers’ Pension Plan in the merger of its portfolio company Sweetwater Royalties LLC with Uranium Royalty Corp. (URC). The transaction implies a 100% enterprise value for Sweetwater of approximately $1.9 billion and an attributable equity value to be acquired by URC of approximately $1.1 billion. Under the transaction, Sweetwater and URC will combine under a newly formed U.S. domiciled parent company, “Uranium Royalty Corp.,” which will apply to have its shares of common stock listed on the NASDAQ Capital Market.

Sweetwater is a privately held land and mineral royalty company headquartered in Lakewood, Colorado. The company combines a high-quality portfolio of revenue-based mineral royalties with one of the largest private land positions in the United States, creating a durable cash flow platform with significant long-term optionality.

The Weil team is led by Mergers & Acquisitions partner James R. Griffin and includes Mergers & Acquisitions associate Edward Martin; Capital Markets Co-Head Alex Lynch, counsel Stefan Tsourovakas and associate Leigh Dannhauser; and Tax partner Steven Lorch and associate Griffin Baker.