Summit Royalties Announces Appointment of Jerrold Annett as Chairman; Trading to Commence on Venture Exchange; Other Corporate Updates

Corporate Updates - Summit Royalties Ltd. has completed a go-public transaction via a reverse takeover and will commence trading on the TSX Venture Exchange under the symbol "SUM" on November 10, 2025 [1][2] - The common shares have been delisted from the Canadian Securities Exchange as of market close on November 7, 2025 [3] Board Appointments - Jerrold Annett has been appointed as Chairman of the Board, bringing over 30 years of mining and capital markets experience [4][5] - The Board includes Drew Clark, Blair Zaritsky, Stephen Eddy, and Russell Mills [4] Strategic Vision - Jerrold Annett expressed confidence in the company's potential, highlighting the establishment of a cash-flowing royalty business with 47 royalties [5] - The company aims to capitalize on favorable market conditions and record metal prices to drive growth [5][6] Committee Formation - The Board has formed three committees: Audit Committee, Compensation Committee, and Corporate Governance & Nominating Committee [7][8] - The Audit Committee is chaired by Blair Zaritsky, the Compensation Committee by Russell Mills, and the Corporate Governance & Nominating Committee by Stephen Eddy [8] Equity Incentives - The company has granted a total of 3,262,500 options, 387,500 deferred share units, and 725,000 restricted share units to directors, officers, and consultants [7][9] - Options are exercisable for three years at a price of C$1.00 per common share, with a vesting schedule of 50% after one year and the remaining 50% after two years [9] Business Overview - Summit Royalties is a precious metals streaming and royalty company with a focus on becoming a mid-tier player through accretive acquisitions [10] - The company currently has no debt and sufficient cash for future acquisitions, backed by cash flow production from its portfolio [10]