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Eagle Royalties Ltd. ( (TSE:ER) ) has shared an update.
Summit Royalty Corp. and Eagle Royalties Ltd. have announced the approval of their reverse takeover transaction, which is set to close on November 4, 2025. This transaction will result in the formation of Summit Royalties Ltd., which will begin trading on the TSX Venture Exchange under the symbol ‘SUM’ around November 10, 2025. The transaction has received overwhelming approval from the shareholders of both companies and has conditional approval from the TSX Venture Exchange. The move is expected to enhance the company’s market positioning and operational capabilities, benefiting stakeholders by potentially increasing production and cash flow growth.
More about Eagle Royalties Ltd.
Summit Royalty Corp. is a private precious metals streaming and royalty company focused on aggressive growth through actionable acquisitions. It aims to become a mid-tier company by leveraging its current cash flow production and exploration opportunities. Eagle Royalties Ltd. holds a diverse portfolio of over 35 royalty interests in western Canada, targeting critical metals, precious metals, and industrial minerals, with a flagship royalty associated with the AurMac Project in Yukon.
Technical Sentiment Signal: Hold
Learn more about ER stock on TipRanks’ Stock Analysis page.