Operator

Good day, everyone, and thank you for joining us for this Elemental Royalty to acquire Vizsla Royalties Conference Call. [Operator Instructions] Also, please be advised today's session is being recorded. It is now my pleasure to turn the floor over to Mr. Dave Cole, CEO of Elemental Royalty Corporation. Welcome, sir.

David Cole
CEO & Director

Thank you for that and thank you to everybody for joining us today. Absolutely my pleasure to be speaking on behalf of Elemental Royalty Corporation as we execute our distinct plan to increase the exposure to prospective mineral rights around the world via royalty ownership. And this is a preeminent opportunity for us. The Panuco deposit is a world-class deposit with what we believe is immense long-term discovery and production optionality that will be a significant benefit to our portfolio. And it's just a delight to have this opportunity.

I'd like to point out that in our discussions with the management team at Vizsla Royalty, they made it clear that we were the candidate they wanted to work with and to be able to create that portfolio effect by combining assets that is so nicely rewarded within the royalty space as the royalty space rewards scale over time. The -- our goal all along has been to expose ourselves to prospective mineral rights within the mining world, and that naturally has resulted in a diversification of dominantly gold and copper assets. And with the rise in industrial demand for silver, specifically for solar cells and high-tech uses, in addition to the strong investment demand for silver, it's been