Summit Royalties acquires 1.0% NSR royalty on Newmont's Saddle North Deposit for C$5M in shares.

Summit Royalties Ltd. has completed the acquisition of a 1.0% net smelter return (NSR) royalty on Newmont's Saddle North Deposit by issuing C$5 million in shares. This royalty allows Summit to earn a percentage of revenue from the deposit's production, with Newmont retaining the right to buy back half of the royalty within five years of commercial production for C$750,000. The acquisition strengthens Summit's portfolio of precious metals royalties and supports its growth strategy to increase cash flow through accretive acquisitions. Summit remains debt-free and well-capitalized for future deals.