Core Viewpoint - Star Royalties Ltd. has entered into a binding agreement with Nhwelmen Construction Limited Partnership, allowing Elk Gold Mining Corp. to repurchase the Company's 2% net smelter return royalty on the Elk Gold Mine in exchange for a 5% equity ownership in Gold Mountain Mining Corp. following the resolution of Gold Mountain's court-appointed receivership process [1][2]. Transaction Highlights - The restructuring enables the Company to capitalize on the reorganization of Elk Gold and maintain optionality regarding the underlying resources [2]. - The equity position in Gold Mountain expands the Company's exposure to 21,187 hectares, significantly increasing the land package previously covered by the royalty [2]. - Elk Gold will be developed by a reputable operator known for safety and environmental stewardship, with permitting support from NCLP [2]. - The restructuring aligns the interests of the Company, NCLP, and the Nlaka'pamux Nation Tribal Council for long-term value maximization of Elk Gold [4]. Wealth Creation Potential - Near-term catalysts for Elk Gold include a revised resource statement, updated mine plan, exploration programs, and the announcement of a development partner [4]. - The new equity stake in Gold Mountain is expected to potentially surpass the value of the 2% NSR royalty, with unchanged positive asset attributes such as location, grade profile, and near-term cash flow potential [4].