APRIL 13, 2022 – TheNewswire – TORONTO, ON – Star Royalties Ltd.
This allowed us to immediately pursue a fourfold expansion of our flagship regenerative agriculture royalty in partnership with Bluesource, North America’s largest and most reputable carbon offset developer and marketer.
The Company’s management team and Board of Directors had agreed to concurrently purchase the remaining 1,250,000 Green Star Shares for an aggregate purchase price of CAD$1,250,000.
, Gold Mountain will deliver to New Gold 70,000 tonnes of high-grade ore per annum in years 1 to 3 and then up to 350,000 tonnes per annum in years 4 to 11.
On February 15, 2022, Gold Mountain announced the discovery of a new high-grade gold system in the Elusive Zone, located 5km southwest of the Siwash North mineral resource.
The mine plan indicated annual production of approximately 40,000 to 45,000 ounces per annum, while demonstrating favourable economics including future expected conversion of additional resources based on the open extent nature of both the Copperstone and Footwall zones.
Estimated project capital for the restart of Copperstone remains in line with previous estimates, as they continue to advance discussions with project lenders as well as other key stakeholders, with an update on project funding to be provided in Q2 2022.
This project investment has a term of 11.5 years and the future financial benefits derived from the monetization of the project’s carbon offset credits will be split between the growers, Bluesource, and the Company.
In January 2022, the Company acquired an additional 27% gross revenue royalty on Elizabeth Metis Settlement’s the date hereof until the first 225,000 carbon offset credits are issued and sold in connection with the EMS Forest Project.
The Company created the world’s first carbon negative gold royalty platform through its pure-green subsidiary, Green Star Royalties, and offers investors exposure to precious metals and carbon credit prices with an increasingly negative carbon footprint.
A number of factors could cause actual results, performances or achievements to differ materially from such forward-looking statements, including, without limitation, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to identify and execute future acquisitions on acceptable terms or at all, risks inherent to royalty and streaming companies, title and permitting matters, metal and mineral commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operation and development risks relating to the parties which produce the metals and minerals Star Royalties will purchase or from which it will receive royalty payments, regulatory restrictions, activities by governmental authorities , currency fluctuations, the global social and economic climate, natural disasters and global pandemics, in particular COVID-19, dilution, and competition.