Eagle Royalties Ltd. and Summit Royalty Corp. Announce Definitive Agreement for Reverse Takeover

In a significant development in the Canadian mining sector, Eagle Royalties Ltd., a company primarily listed on the Canadian National Stock Exchange, has entered into a definitive agreement with Summit Royalty Corp. for a reverse takeover transaction. This strategic move, announced on July 2, 2025, marks a pivotal moment for both companies, with Summit Royalty Corp. set to “go-public” through this reverse takeover of Eagle Royalties Ltd.

Key Details of the Transaction

The agreement, referred to as the “Amalgamation Agreement,” outlines the terms under which Summit Royalty Corp. will merge with Eagle Royalties Ltd., resulting in Summit becoming a publicly traded entity. The transaction was finalized on June 30, 2025, involving Eagle Royalties Ltd., Summit Royalty Corp., and a newly-formed subsidiary of Eagle, known as “Eagle Subco,” incorporated under the Business Corporations Act in Ontario.

Financial Context

As of June 29, 2025, Eagle Royalties Ltd. closed at a price of CAD 0.12 per share. The company’s stock has experienced fluctuations over the past year, reaching a 52-week high of CAD 0.16 on March 31, 2025, and a low of CAD 0.085 on November 13, 2024. This reverse takeover could potentially impact the company’s valuation and market perception, given the strategic nature of the transaction.

Market Reaction and Implications

The announcement has been covered by multiple financial news outlets, including CEO.ca, Minenportal.de, Finanznachrichten.de, and Finanzen.net, highlighting the significance of this transaction in the mining industry. The reverse takeover is expected to provide Summit Royalty Corp. with enhanced visibility and access to capital markets, while Eagle Royalties Ltd. benefits from the strategic partnership and potential growth opportunities.

Conclusion

This reverse takeover transaction between Eagle Royalties Ltd. and Summit Royalty Corp. represents a strategic maneuver in the mining sector, with potential implications for both companies’ future growth and market positioning. As the transaction progresses, stakeholders will be keenly observing the developments and their impact on the companies’ financial performance and strategic objectives.