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An announcement from Eagle Royalties Ltd. ( (TSE:ER) ) is now available.
Summit Royalties Ltd. has successfully completed a reverse takeover transaction with Eagle Royalties Ltd., resulting in the formation of a new corporation that will trade on the TSX Venture Exchange under the symbol ‘SUM’. This strategic move combines the royalty and streaming portfolios of both companies, creating a robust portfolio of over 40 assets, including key holdings such as the Bomboré Silver Stream in Burkina Faso and the Pitangui Royalty in Brazil. The transaction is expected to enhance the company’s market position and provide new opportunities for growth in the precious metals sector.
More about Eagle Royalties Ltd.
Summit Royalties Ltd. is a junior royalties company focused on the ownership and acquisition of precious metal royalty and mineral streaming interests.
Technical Sentiment Signal: Hold
See more insights into ER stock on TipRanks’ Stock Analysis page.