Gold Royalty Corp. - GROY STOCK NEWS

Gold Royalty Corp. (GROY) has signed a commitment letter with the Bank of Montreal for a fully underwritten US$10 million revolving credit facility, expandable to US$25 million. This facility aims to enhance the company's financial flexibility for corporate purposes and investments. Expected to close by September 30, 2021, the facility has a maturity date of December 31, 2022. CFO Josephine Man expressed optimism about the facility's contribution to strengthening GROY's balance sheet and supporting its diversified royalty portfolio.

Gold Royalty Corp. (GROY) announced a C$2 million private placement investment for a 12.5% stake in Prospector Royalty Corp. (PRC). This strategic alliance includes a royalty referral arrangement, allowing GROY access to PRC's proprietary royalty database. CEO David Garofalo expressed optimism about leveraging PRC's capabilities to enhance GROY's royalty generation. The investment aims to align both companies for mutual growth. Tim Young, a seasoned prospector, joins GROY's Advisory Board, further strengthening the company's position in the market.

Gold Royalty Corp. (GROY) has successfully completed its business combination with Ely Gold Royalties Inc. (ELYGF), establishing a significant player in the precious metals royalty sector. The transaction involved acquiring all Ely Gold common shares, resulting in Ely Gold becoming a wholly-owned subsidiary of GRC. GRC now boasts four producing royalties and numerous assets at different development stages, enhancing its portfolio and cash flow. This merger aligns with GRC's strategy to consolidate its position in the royalty space and create shareholder value.

Ely Gold Royalties Inc. (TSXV: ELY) and Gold Royalty Corp. (NYSE American: GROY) have announced the overwhelming approval of their business combination by Ely Gold Shareholders on August 17, 2021. The Arrangement Resolution received 99.52% approval, with significant support from shareholders. Under the Arrangement, GRC will acquire Ely Gold Shares, enabling shareholders to receive GRC Common Shares or a cash alternative. The deal is pending final approval from the Supreme Court of British Columbia, with completion anticipated around August 23, 2021.

Gold Royalty Corp. (NYSE American: GROY) and Ely Gold Royalties Inc. (TSXV: ELY; OTCQX: ELYGF) are hosting a Town Hall Meeting on August 10, 2021, at 11:00 am EST. The meeting will feature updates on their recent merger transaction announced on June 21, 2021. CEOs Trey Wasser and David Garofalo will present and answer shareholder questions. Ely Gold focuses on gold royalties, offering exposure to gold prices, while Gold Royalty provides creative financing solutions in the mining sector.

Gold Royalty Corp. (NYSE American: GROY) has successfully acquired five gold royalty interests from Monarch Mining Corporation (TSX: GBAR, OTCQX: GBARF). The acquisition, valued at C$11.25 million upfront plus an additional C$3.75 million after six months, includes a C$2.50 per tonne royalty on material processed at Monarch's Beacon mill from Beaufor mine, a 2.5% net smelter return (NSR) on three properties, and a 1% NSR on the Beaufor property. This strategic acquisition strengthens Gold Royalty's diversified portfolio in the Americas.

Gold Royalty Corp. (GROY) announced an updated Mineral Resource estimate for Monarch Mining's Beaufor Mine in Quebec, Canada, revealing substantial increases. The Measured Resource is now 328,500 tonnes grading 5.7 g/t Au (59,900 ounces) and the Indicated Resource stands at 956,400 tonnes grading 5.2 g/t Au (159,300 ounces), up 136% from previous estimates. An Inferred Resource of 818,900 tonnes at 4.7 g/t Au (122,500 ounces) shows a 307% increase. The 42,500-meter drilling program continues, with plans to reopen the mine by June 2022, potentially enhancing Gold Royalty's investment value.

Gold Royalty Corp. (GROY) has entered into a definitive agreement to acquire gold royalty interests from Monarch Mining Corporation for C$15 million (~US$12 million). The deal includes a C$2.50 per tonne royalty on the Beacon mill and a 2.5% net smelter return on Monarch’s Croinor Gold, McKenzie Break, and Swanson properties, alongside a 1% NSR on the Beaufor property. The transaction is expected to close in August 2021 and aims to enhance Gold Royalty's portfolio while potentially providing near-term cash flow from the Beaufor mine operations.

Gold Royalty Corp. (GROY) has appointed Samuel Mah as Vice President, Evaluations. Mah brings over 24 years of mining industry experience, enhancing the company's management team which collectively boasts 300 years of expertise. This strategic hire follows GROY's merger with Ely Gold Royalties, facilitating a robust portfolio of around 100 precious metals royalties in the Americas. Mah aims to leverage GROY's strong balance sheet to boost net asset value per share for stakeholders.