The company accounts for roughly 3.5% of Panama's gross domestic product.

The deal includes a silver stream on the Esperanza project in Morelos, Mexico and royalties on the Fenn Gib South, Ronda and Northshore West exploration-stage projects in Ontario.

The Cobre Panama mine is considered the largest private investment in the Central American country.

Triple Flag is acquiring up to a 2.5% NSR royalty for $15 million on the platinum, palladium, copper and nickel project.

The company announced it will defer completing the facility's rare earth hydrometallurgical leaching, purification and rare earth precipitation circuits until 2024.

Electra claims it will process up to 75 tonnes of black mass material in batches mode using its proprietary hydrometallurgical process in the demonstration plant.

The two sides may sit down together as soon as Dec. 26, although a schedule for the talks hasn’t been confirmed.

Commodity research firm says production growth, weaker demand and negative sentiment in the industry will see iron ore, copper and industrial metals sink next year.