The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition by Summit Royalties Ltd. of a 1.0-per-cent net smelter return royalty (NSR) interest on the Saddle North deposit, located in British Columbia, pursuant to a royalty purchase agreement between the company and arm's-length parties. The project is owned and operated by Newmont Corp.

As consideration for the acquisition of the NSR, the company will issue 2,832,861 shares to the vendors at a deemed price of $1.765 per share.

Further, the NSR is subject to a buyback right in favour of Newmont, permitting them to purchase half of the NSR (a 0.5-per-cent NSR) for $750,000 during the five-year period commencing from the date the project is put into commercial production.

Consideration:  2,832,861 common shares

For further details, please refer to the company's news release dated March 12, 2026.