Summit Royalty to go public via a merger with Eagle Royalties.

Summit Royalty, a private precious metals streaming and royalty company with an aggressive growth trajectory, agreed to go public via a merger with Eagle Royalties, a mineral royalty holding company, specializing in a diverse portfolio of mineral royalties in North America. Financial terms are not disclosed. "We believe that this transaction immediately unlocks value for Eagle shareholders through a significant upfront premium and look forward to becoming meaningful shareholders in the combined company. Summit's team of experienced royalty professionals will unlock significant value for Eagle's shareholders through the addition of Summit's current portfolio of cash-flowing royalty and streaming assets. I'd like to thank Eagle's shareholders and team for all of their continued efforts and support in this transaction. The transaction with Summit will accelerate the growth and development of the combined company," Tim Termuende, Eagle President CEO and Director.