Summit Royalty Corp. entered into a purchase and sale agreement to acquire Portfolio of Cash Flowing Royalties and Stream of IAMGOLD Corporation (TSX:IMG) for $17.5 million on June 18, 2025. A cash consideration of $10 million will be paid by Summit Royalty Corp. The consideration consists of common equity of Summit Royalty Corp. having a value of $7.5 million to be issued for assets of Portfolio of Cash Flowing Royalties and Stream of IAMGOLD Corporation. As part of consideration, $17.5 million is paid towards assets of Portfolio of Cash Flowing Royalties and Stream of IAMGOLD Corporation. To satisfy the $10 million of cash consideration, Summit successfully raised over $13 million through a non-brokered private placement comprised of leading institutions and sophisticated retail investors.

Haywood Securities Inc. acted as financial advisor for Summit Royalty Corp. Mills Dunlop Capital Partners Ltd. acted as financial advisor for Summit Royalty Corp. Bennett Jones LLP acted as legal advisor for Summit Royalty Corp. Robert Giustra acted as advisor and finder to the Company on the identification and acquisition of the Portfolio.

Summit Royalty Corp. completed the acquisition of Portfolio of Cash Flowing Royalties and Stream of IAMGOLD Corporation (TSX:IMG) on June 18, 2025.