Tanzanian Royalty Exploration Corp. (TRE) Getting the Royalty Treatment
QualityStocks (September 9th, 2008) Writes:
Trading on the American Stock Exchange (AMEX), Tanzanian Royalty Exploration Corporation is a financial gold company whose business strategy is to acquire royalty interests in gold production from their core assets. These assets are in the Lake Victoria Greenstone Belt of Tanzania. This Belt is considered prospective for precious metals, base metals, and diamonds. With a market capitalization of $241.60 million, the company has their corporate headquarters in Surrey, British Columbia.
Tanzanian Royalty’s strategy is to develop their licenses under royalty agreements with industry partners. They have royalty agreements with Barrick Gold and Northern Mining Explorations. The company is also the largest individual landholder in the Kabanga Nickel Belt of Tanzania. This Belt is home to the high-grade Kabanga Nickel Project, which is a joint venture between Xstrata and Barrick Gold.
Founded in 1990, the company was formerly Tan Range Exploration Corporation and changed their name to Tanzanian Royalty Exploration
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