Eagle Royalties and Summit Royalty Announce Reverse Takeover Agreement

Eagle Royalties Ltd. and Summit Royalty Corp. have signed a definitive agreement for a reverse takeover (RTO) that will enable Summit to go public. This amalgamation will create a new entity known as the Resulting Issuer. As part of the transaction, Summit's shareholders will receive five new shares for each Summit share they hold.

The transaction offers a 47% premium over Eagle's closing share price as of June 30, 2025. The new company will be owned 80% by Summit shareholders and 20% by Eagle shareholders. Eagle will change its name to Summit Royalty Corp. and undergo various corporate transformations, subject to shareholder approval.

The Resulting Issuer will focus on precious metals royalties and streaming, with key assets including the Bomboré Silver Stream and Pitangui Royalty. The board will include industry veterans such as Drew Clark and Jerrold Annett. Completion of the RTO depends on regulatory approvals and shareholder endorsements.