RE Royalties Ltd. has entered into a USD 3.2 million loan and royalty acquisition agreement with Butler Corporation SpA (DBA Cleanlight). The loan will be drawn in two tranches, with a term of 2 years and an interest rate of 12% per annum. As part of the transaction, the company acquired a 10-year royalty calculated based on 5% of gross revenues commencing on closing, which reduces to 3% after certain revenue milestones are met.

The loan facility will provide working capital and finance Cleanlight's expansion into other countries in Latin America.