Summit Royalty, a precious metals-focused royalty and streaming company, will go public through a reverse takeover (RTO) of Canadian junior royalty firm Eagle Royalties (CNSX: ER).
The companies inked the amalgamation agreement on June 30 to create a new royalty and streaming entity with assets across North and South America and Africa. The combined portfolio will include over 40 royalty interests, with Eagle contributing critical metals, gold and industrial mineral royalties in Western Canada.
Eagle’s flagship asset is a royalty on Banyan Gold’s AurMac project in Yukon, where it holds between 0.5% and 2% net smelter return (NSR) on key deposits.
Summit president and director Drew Clark said Eagle’s portfolio, particularly its stake in AurMac and more than 35 other Canadian royalty interests, offers strong optionality that complements Summit’s cash-flowing assets. “We look forward to…
