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An announcement from LunR Royalties Corp ( (TSE:LUNR) ) is now available.
LunR Royalties Corp. has signed definitive agreements with Lundin Gold Inc. and its subsidiary Aurelian Resources to acquire a life-of-mine silver stream on the Fruta Del Norte mine, confirming terms previously outlined in a February 2026 term sheet. The deal includes a Silver Purchase and Sale Agreement, a parent guarantee from Lundin Gold, and a distribution structure under which Lundin Gold will receive 50,505,501 LunR shares and then distribute them as a dividend-in-kind to its own shareholders, leaving Lundin Gold with no LunR stake after closing.
Closing is targeted for the second quarter of 2026 and is contingent on TSX Venture Exchange approval, disinterested shareholder approval under MI 61-101 and exchange policies at LunR’s May 21 meeting, and a final prospectus receipt for the share issuance. Both companies’ boards, guided by independent special committees, have unanimously endorsed the transaction, with BMO Capital Markets providing a fairness opinion, underscoring governance rigor and signaling a significant expansion of LunR’s streaming portfolio that could enhance its long-term cash flow profile and visibility in the precious metals royalty space.
More about LunR Royalties Corp
LunR Royalties Corp. is a Vancouver-based royalty and streaming company focused on acquiring precious metal streams linked to mining operations. By partnering with mine owners and operators such as Lundin Gold Inc., LunR obtains long-term rights to purchase a portion of production, providing leveraged exposure to metals markets without directly operating mines.
Average Trading Volume: 85,317
See more insights into LUNR stock on TipRanks’ Stock Analysis page.