RE Royalties Ltd. announced that further to its news release dated October 4, 2023, Revolve Renewable Power Corp., has completed the acquisition of WindRiver Power Corporation. The Company provided a CAD 4.0 million secured loan to support Revolve's acquisition of Windriver. The Loan has a term of 36 months and bears interest at the rate of 12% per annum, compounded monthly, and payable semi-annually.

The Company also received a structuring fee of 1.0% on the Loan value at closing, and a gross revenue royalty of 0.5% on the acquired operating projects during the term of the Loan, growing to a gross revenue royalty of 1.0% upon repayment of the Loan for the remaining life of the power purchase agreements.