08:44 AM EDT, 07/22/2025 (MT Newswires) -- Summit Royalty Corp., a private royalty and streaming company, entered Tue into a definitive agreement to acquire an existing 1.0% net smelter return royalty on the producing Madsen Project from a Fund managed by Sprott Resource Lending Corp. for total consideration of US$9.9 million.

A statement noted Madsen is located in the "prolific" Red Lake mining district of Ontario and is 100% owned and operated by West Red Lake Gold Mines Ltd. ( WRLGF ) .