BRIEF-Summit Royalties Announces Agreement to Acquire Royalty on Newmont's Saddle North Deposit-March 2024-www.financetom.com

BRIEF-Summit Royalties Announces Agreement to Acquire Royalty on Newmont's Saddle North Deposit

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BRIEF-Summit Royalties Announces Agreement to Acquire Royalty on Newmont's Saddle North Deposit

Mar 12, 2026 3:37 AM

March 12 (Reuters) - Summit Royalties Ltd ( SUMMF ):

* SUMMIT ROYALTIES ANNOUNCES AGREEMENT TO ACQUIRE ROYALTY

ON NEWMONT'S SADDLE NORTH DEPOSIT

* SUMMIT ROYALTIES LTD ( SUMMF ) - TO BUY 1.0% NSR ROYALTY ON SADDLE

NORTH FROM NEWMONT FOR C$5 MILLION IN SHARES

* SUMMIT ROYALTIES LTD ( SUMMF ) - CONSIDERATION IS 2.8 MILLION SUMMIT

SHARES AT $1.765 PER SHARE

* SUMMIT ROYALTIES LTD ( SUMMF ) - NEWMONT MAY REPURCHASE 50% OF NSR

ROYALTY FOR C$750,000 WITHIN FIVE YEARS OF COMMERCIAL PRODUCTION

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