Core Viewpoint - Fancamp Exploration Ltd. has acquired up to 3.0% net smelter returns royalties on certain iron ore properties in the Labrador Trough for a total cash consideration of $1,765,000, which is expected to enhance the company's cash flow and support its strategic reorganization through a spin-out of its core exploration projects into a new subsidiary, Goldera Exploration Ltd. [1][2][3] Acquisition Details - The Royalty Acquisition includes royalties on a notable open pit mineable iron ore deposit located approximately 25 kilometers northwest of Schefferville, Quebec [1] - The acquisition is part of Fancamp's strategy to seek high-growth opportunities while reorganizing its assets [2] Spin-Out Transaction - Fancamp plans to complete the spin-out of Goldera Exploration Ltd. in Q2 of 2026, pending necessary approvals [3] - The spin-out aims to unlock shareholder value by creating two focused, publicly traded companies, allowing shareholders to participate in both growth streams [3] Exploration Projects - Goldera will advance exploration at the McIntyre Brook and Riley Brook mineral properties, which are part of a joint venture with Acadian Gold Corp. [4][7] - McIntyre Brook has shown promising gold mineralization, with a drilling program yielding results of 4 meters at 1.45 g/t Au [6] - Riley Brook has identified significant soil anomalies for gold and other minerals, indicating potential for further exploration [7] Egan Property - Fancamp has an option agreement to earn up to an 80% interest in the Egan Gold mineral property, located strategically between Timmins and Kirkland Lake [10] - The Egan Property has demonstrated high-grade surface results, with grab samples showing up to 105 g/t gold [10] - Goldera plans to conduct a comprehensive exploration program at the Egan Property, including airborne geophysics and drilling anticipated by late Q3 2026 [10] Share Buyback Program - Fancamp has acquired approximately 2.4 million common shares for cancellation under its normal course issuer bid, representing about 1% of its issued and outstanding shares [12] - This buyback reflects the company's belief that its shares are undervalued based on its asset portfolio and future prospects [12]

Core Viewpoint - Orogen Royalties Inc. has announced the cancellation of its planned private placement but remains well-funded to pursue its project generation and royalty acquisition objectives [1][2]. Group 1: Company Strategy and Operations - The cancellation of the private placement does not impact the company's exploration and investment strategy [2]. - Orogen plans to conduct up to 16 partner-funded drill programs throughout 2026, totaling over 50,000 meters of drilling, aimed at advancing projects and increasing the likelihood of exploration discoveries [2]. - The company is actively pursuing several short-term acquisition opportunities that complement its existing portfolio [2]. Group 2: Company Profile - Orogen Royalties focuses on organic royalty creation and acquisitions of precious and base metal discoveries in western North America [3]. - The company's royalty portfolio includes a 2.0% NSR royalty on the Ermitaño gold and silver mine in Sonora, Mexico, operated by First Majestic Silver Corp [3]. - Orogen is well-financed with multiple projects currently being developed by joint venture partners [3].

Core Viewpoint - Summit Royalties Ltd. has announced an agreement to acquire a 1.0% net smelter return (NSR) royalty on Newmont Corporation's Saddle North deposit for C$5 million, paid in shares, which is expected to enhance the company's net asset value per share and provide exposure to a significant gold-copper resource [1][2]. Acquisition Details - The acquisition involves a 1% NSR royalty on the Saddle North deposit owned by Newmont Corporation [8]. - The total consideration for the acquisition is C$5 million, to be paid in 2,832,861 Common Shares at a deemed price of $1.765 per share, based on the 20-day weighted average price [8]. - Newmont has a buyback option to repurchase 50% of the NSR royalty for C$750,000 within five years of commercial production [8]. Saddle North Deposit Overview - Saddle North is a gold-rich copper porphyry deposit located in the Golden Triangle of northwest British Columbia, Canada [4][5]. - The deposit contains indicated resources of approximately 3.47 million ounces (Moz) of gold and 1.81 billion pounds (Blbs) of copper, and inferred resources of approximately 5.46 Moz of gold and 2.98 Blbs of copper [8]. - The mineralization at Saddle North remains open at depth and has potential for further exploration success [4]. Resource Estimates - The total indicated resources at Saddle North are 298 million tonnes (Mt) with an average grade of 0.28% copper and 0.36 grams per tonne (g/t) gold, containing approximately 1,809 million pounds of copper and 3,471 thousand ounces of gold [6]. - The inferred resources total 543 Mt with an average grade of 0.25% copper and 0.31 g/t gold, containing approximately 2,982 million pounds of copper and 5,455 thousand ounces of gold [9]. Company Background - Summit Royalties Ltd. is a precious metals royalty and streaming company focused on building a portfolio of high-quality precious metals exposure and long-term cash flow growth [11]. - The company currently has no debt and sufficient cash on hand for future acquisitions [11].

Core Viewpoint - OR Royalties Inc. has entered into a definitive agreement to acquire Terraco Gold Corp. for a total cash consideration of $168 million, which includes net smelter return (NSR) royalty assets primarily covering Solidus Resources LLC's Spring Valley Gold Project in Nevada, USA [1][2]. Transaction Highlights - The acquisition includes a 3.0% NSR royalty on the Schmidt Claim Block, a 1.0% NSR royalty on additional areas, a 0.5% NSR royalty on the perimeter area, and a 2.0% NSR royalty on the adjacent Moonlight Property [4][6]. - The NSR Royalties are located in Nevada, ranked 4th globally as a mining jurisdiction, enhancing OR Royalties' portfolio in a Tier-1 mining area [4][6]. - Following the acquisition, OR Royalties will have a combined 6.0% NSR royalty on the Schmidt Claims, a 4.0% NSR royalty on Additional Royalty Areas, and a 1.0% NSR royalty on the Perimeter Royalty Area [4][6]. - The transaction is expected to add gold equivalent ounces (GEOs) beyond the previously released 2030 outlook of 120,000-135,000 GEOs, with first gold production anticipated in the first half of 2028 [4][6]. Project Details - The Spring Valley Project has a mineral reserve of 3.88 million ounces of gold, with a life-of-mine production averaging over 300,000 ounces per year and all-in sustaining costs of approximately $1,103 per ounce [13]. - Solidus Resources has completed extensive technical work and holds all major federal permits, marking the project as ready for construction [6][13]. - The project is expected to be a large-scale, low-cost, heap-leach gold mine, with first production projected for 2028 [6][7]. Strategic Importance - The acquisition is viewed as a high-conviction move to consolidate royalty interests in a fully permitted, multi-million-ounce gold project, enhancing OR Royalties' growth profile [7][10]. - The focus on gold assets aligns with OR Royalties' strategy of acquiring top-tier assets in premier mining jurisdictions [7][10].

Core Insights - Chancery Royalty has acquired a life of mine (LoM) royalty on the Laiva gold mine in Finland, which includes 2.5% of annual gold production, coinciding with the mine's expected operational restart in Q2 2026 [1][2] - The Laiva gold mine is now debt-free and poised to benefit from high gold prices, with a near-term production outlook of approximately 4,000 gold-equivalent ounces in 2026 and a target of over 28,000 gold-equivalent ounces within four years [2][3] - Chancery Royalty aims to differentiate itself with a near-term royalty base and a high-growth pipeline, leveraging previous experience in funding gold mining projects [3][4] Company Developments - Chancery Royalty has officially launched as a new entity in the precious metals royalty sector, focusing on acquiring long-life royalties on producing gold and silver mines [3][4] - The initial portfolio includes a silver royalty at Gold Road in Arizona, two imminent gold royalties from Laiva Gold in Finland and Pilar Gold in Brazil, and a substantial royalty from a new Ethiopian gold mine expected to begin operations in Q1 2028 [5] - An equity financing initiative of $10 million at $2 per share has been launched to further expand Chancery's royalty portfolio [3][5]

Core Viewpoint - The acquisition of the Pedra Branca Copper and Gold Royalty is expected to significantly enhance the company's revenue and is a strategic addition to its existing portfolio [3]. Group 1: Acquisition Details - The company acquired the royalty from BlackRock World Mining Trust plc for USD 70 million in cash [3]. - The royalty consists of a 25% gold net smelter return (NSR) and a 2% copper NSR on BHP's Pedra Branca mine, which has been operational since 2020 [3]. - This acquisition is projected to be approximately 10% accretive to the company's net asset value per share [4]. Group 2: Strategic Fit - The Pedra Branca acquisition complements the company's gold-focused portfolio while also enhancing its exposure to copper in low-risk jurisdictions [3].

Core Insights - Gold Royalty has agreed to acquire a royalty on the Pedra Branca mine for $70 million, enhancing its gold and copper exposure [1][2] - The acquisition includes a 25% net smelter return (NSR) royalty on gold and a 2% NSR royalty on copper and other products [2] - The Pedra Branca mine is currently operated by BHP Group, which has extended its mine life and reported increases in resources and reserves [7] Financial Aspects - The royalty expense recorded to the prior holder was approximately $7.9 million for the 12 months ended June 30, equivalent to about 2,800 gold-equivalent ounces at an average gold price of $2,811 per ounce [3] - To fund the acquisition, Gold Royalty plans to raise $70 million through a bought deal financing, selling 17.5 million common shares at $4.00 per share [5] - Gold Royalty's stock closed at $3.85, down 9.5%, with a market capitalization of $758.3 million [5] Operational Context - The Pedra Branca mine is part of the Carajás East operation, previously held by Oz Minerals, which began production in 2020 [6] - BHP took over the project through its acquisition of Oz in 2023 and has reported significant resource estimates, including 2.4 million tonnes at 1.68% copper and 0.47 g/t gold [7] - A pending acquisition of Pedra Branca by CoreX Holding BV, valued at up to $465 million, is subject to customary closing conditions [8]

Core Viewpoint - Elemental Altus and EMX Royalty Corporation are merging to form a new mid-tier gold-focused royalty company named Elemental Royalty Corp, with a projected revenue of approximately US$80 million in 2026 [1][3]. Transaction Overview - The merger involves Elemental Altus acquiring all outstanding shares of EMX through a court-approved plan of arrangement [1]. - Tether Investments has agreed to purchase approximately 75 million Elemental Altus Shares for gross proceeds of US$100 million, supporting the transaction [2]. Financial Projections - The merged entity is expected to generate combined revenue of US$70 million in 2025 and US$80 million in 2026, with a commodity split of 67% precious metals and 33% base metals [6][3]. - The implied market capitalization of the merged company is estimated at US$933 million [11]. Strategic Rationale - The merger creates a peer-leading revenue-generating royalty company with a diversified portfolio of 16 producing royalties and 200 total royalties [6]. - The combined company will have a stronger asset portfolio anchored by four cornerstone royalties with world-class operators [6]. Management and Governance - The Board of Directors will consist of three representatives from Elemental Altus and two from EMX, with Juan Sartori as Executive Chairman and David Cole as CEO [19]. - The merger is supported by significant shareholder backing, with certain EMX shareholders holding approximately 23% of the outstanding shares entering into voting support agreements [18]. Future Growth Potential - The merged company aims to leverage its combined management expertise to pursue further accretive royalty opportunities in the market [10]. - The transaction is expected to enhance trading liquidity and capital markets exposure, facilitating access to new investors [10]. Shareholder Considerations - EMX shareholders will receive either 0.2822 or 2.822 Elemental Altus Shares for each EMX Share held, depending on the timing of a share consolidation [11][14]. - The transaction offers a premium of 9.8% based on closing prices and 21.5% based on the 20-day volume-weighted average price [15]. Regulatory and Approval Process - The transaction requires approval from at least 66 2/3% of EMX shareholders and is subject to various regulatory and court approvals [16][20]. - The completion of the transaction is expected in the fourth quarter of 2025, pending necessary approvals [31].

Royal Gold Commits to Acquire Royalties on Serrote and Santa Rita Mines Producing base metal mines expected to provide attractive long-term precious metal royalty exposure June 12, 2023 Cautionary Statements Forward-Looking Statements: This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual ...

Core Points - Silver Crown Royalties Inc. has signed a Letter of Intent with Kuya Silver Corp. to acquire a 4.5% royalty on silver produced from the Bethania Silver Mine in Peru [1][3] - The Bethania Silver Mine resumed production in May 2024 and was previously operational until 2016 [2] - The acquisition will involve a payment of US$3,000,000 in cash and US$2,000,000 in Silver Crown units, with each unit priced at C$6.50 [3] - Silver Crown will receive varying amounts of silver over time, starting with 4,500 ounces per quarter for the first year, increasing to 12,375 ounces per quarter for the subsequent years, before reducing to 1% royalty after 475,000 ounces [4] - The partnership is expected to significantly increase Silver Crown's annual silver revenue from 78,000 to over 128,000 ounces [5] Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [5] - The company's business model provides investors with exposure to precious metals while minimizing the impact of cost inflation associated with production [5]