Summit Royalties is pleased to announce the closing of the previously announced reverse takeover transaction of Eagle Royalties by Summit Royalty Corp. The Transaction was completed by way of the three-cornered amalgamation of Summit and a newly-incorporated subsidiary of Eagle, now a wholly-owned subsidiary of the Corporation. The shares of the Corporation are expected to commence trading on the TSXV on or about Nov 10 [...]
Eagle Royalties are pleased to provide certain updates relating to their previously announced three-cornered amalgamation that will result in a reverse takeover of Eagle by Summit, further to their joint news release dated July 2, 2025 and Eagle's news release dated Sept 30, 2025. In this news release, references to the "Resulting Issuer" are to Eagle after the closing of the RTO, to be renamed Summit Royalties Ltd [...]
Summit Royalty is pleased to announce that it has completed the acquisition of an existing 1.0% NSR royalty on the producing Madsen Project from a Fund managed by Sprott Resource Lending for US$9.9 million. As part of the acquisition, Summit raised over US$9.3 million at US$0.65 a share in an oversubscribed private financing. Proceeds from the financing will be used to pay for the NSR royalty on Madsen, to fund future [...]
Summit Royalty is pleased to announce that it has entered into a definitive agreement to acquire an existing 1.0% net smelter return royalty on the producing Madsen Project from a Fund managed by Sprott Resource Lending for total consideration of $9.9 million. Madsen is located in the prolific Red Lake mining district of Ontario and is 100% owned and operated by West Red Lake Gold Mines. Unless otherwise indicated, all [...]
Summit Royalty and Eagle Royalties are pleased to announce that they have entered into a definitive amalgamation agreement in respect of a reverse takeover transaction, pursuant to which Summit will "go-public" by way of a reverse takeover of Eagle. In this news release, references to the "Resulting Issuer" are to Eagle after the closing of the RTO. Transaction Particulars and the Definitive Agreement On June 30, 2025 [...]
Summit Royalty is pleased to announce the successful acquisition of a portfolio of cash flowing royalties and stream from IAMGold Corp and its affiliates for total consideration of $17.5 million. Unless otherwise indicated, all $ amounts are expressed in US dollars. Key Portfolio Assets The key assets in the Portfolio include: Bomboré Silver Stream - a 50% silver stream on the operating Bomboré Mine owned and operated by [...]
