Summary：Summit Royalties Expands Portfolio with Strategic Star Royalties Acquisition MoveTORONTO, July 03, 2

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Summit Royalties Expands Portfolio with Strategic Star Royalties Acquisition Move

TORONTO, July 03, 2026 (GLOBE NEWSWIRE) -- In a significant move to bolster its position in the royalties sector, Summit Royalties Ltd. ("Summit") (TSXV: SUM, OTCQX: SUMMF) has successfully completed its acquisition of Star Royalties Ltd. (TSXV: STRR, OTCQX: STRFF) ("Star") through a comprehensive plan of arrangement. This strategic acquisition not only expands Summit's portfolio but also underscores its commitment to growth and diversification.

The acquisition brings together two prominent players in the royalties industry, creating a more robust and diversified entity. Key developments from this transaction include the consolidation of royalty interests across various commodities, including precious metals, base metals, and energy resources. The combined portfolio is expected to provide a more stable and predictable revenue stream for Summit, enhancing its appeal to investors seeking exposure to the natural resources sector. Notably, the acquisition adds several high-quality assets to Summit's portfolio, including royalties on producing mines and projects in advanced development stages.

The royalties industry has been witnessing a surge in consolidation activities as companies seek to scale up and mitigate risks associated with commodity price volatility. The acquisition of Star by Summit is a testament to this trend. Industry analysts view such consolidations as a strategic response to the evolving market landscape, characterized by increasing demand for critical minerals and a heightened focus on sustainable and responsible mining practices. By expanding its portfolio, Summit is well-positioned to capitalize on emerging opportunities in the sector.

Looking ahead, Summit Royalties is poised for further growth, driven by its enhanced portfolio and a proactive strategy to identify and capitalize on new royalty opportunities. The company's management has expressed optimism about the potential for increased revenue and the ability to deliver long-term value to shareholders. As the natural resources sector continues to evolve, Summit's diversified portfolio and strategic focus on quality assets position it favorably for future success.

In conclusion, the acquisition of Star Royalties by Summit Royalties represents a significant milestone in the company's growth trajectory. By expanding its portfolio and enhancing its market position, Summit is set to benefit from the ongoing trends in the royalties industry. As the company moves forward, its focus on diversification, quality assets, and strategic growth is expected to yield positive outcomes for its stakeholders.