Star Royalties - STRFF STOCK NEWS

Star Royalties (TSXV:STRR)(OTCQX:STRFF) reported its Q2 2024 financial results, highlighting a 42% increase in quarterly revenues to $266,306 compared to the prior-year period. This growth was primarily due to higher sales volumes at the Keysbrook mine. The company's joint venture, Green Star Royalties, expanded its portfolio by acquiring several U.S. Improved Forest Management carbon offset royalties for $5.6 million. Green Star received its first carbon offset delivery and is progressing with monetization efforts. The CarbonNOW regenerative agriculture program is advancing towards the verification phase, expected to commence later in 2024. Despite revenue growth, Star Royalties reported a net loss of $567,350 for the quarter, an improvement from the $1,048,574 loss in Q2 2023.

Star Royalties reported Q1 2024 financial results, showing stable quarterly revenues of $275,395, slightly higher than the previous year's $271,429. Net income rose significantly to $320,430 from $69,539. Cash flow from operating activities was negative at -$797,888. Key developments included the acquisition of U.S. forest carbon offset royalties for $5.6 million, and improvements in the CarbonNOW regenerative agriculture project, anticipating first royalty revenues in 2025. The company noted strong performance at the Keysbrook Mine with a 22% revenue increase. Gold Mountain resumed operations and engaged in debt restructuring to enhance long-term production.

Star Royalties (TSXV: STRR, OTCQX: STRFF) invites investors to an Investor Update and Q&A Webinar hosted by Market Radius Research on May 29, 2024. CEO Alex Pernin will discuss the latest developments in the company's Green Star Royalties joint venture and precious metals royalties portfolio. The live webinar will allow attendees to ask real-time questions, and a recorded webcast will be available for those who cannot attend.

Green Star Royalties, through its joint venture with NativState , acquires a portfolio of U.S. forest carbon offset royalties, marking its first carbon offset investment. The agreement includes several gross revenue royalties on Improved Forest Management projects in the southeastern United States, with a total consideration of $5.6 million. The deal diversifies Green Star's nature-based portfolio, with strong investment metrics and defensive royalty structures. The partnership with NativState aims to become a major U.S. aggregator of small-to-medium forest landowners, providing stable and rising demand for premium North American carbon offsets.

Star Royalties reports audited financial results for 2023, highlighting a strategic investment by Cenovus Energy Inc., improved carbon royalty structure, and ongoing initiatives. Despite a 34% revenue decrease, the company focuses on expanding its investment pipeline and accelerating financing solutions for its mining royalty portfolio.

Star Royalties Ltd. announces a joint venture with Locus Agricultural Solutions LLC to improve the operating structure of Locus AG's regenerative agriculture carbon farming program, CarbonNOW. The program has entered into a third-party validation process, and the farmer payments in 2023 exceeded US$2.8 million. The company has also retained Integral Wealth Securities Ltd. to provide market-making services.

Star Royalties Ltd. (STRR) announces a strategic investment into Green Star Royalties Ltd. by Cenovus Energy Inc. for C$21.2 million. Cenovus will own 25.9% of Green Star's common shares, joining Agnico Eagle Mines Limited as a strategic shareholder. Green Star plans to undertake a Follow-On Offering, and BMO Capital Markets and TD Securities Inc. are acting as financial advisors.

Star Royalties Ltd. (STRR) reports a 44% increase in quarterly revenues to $271,567 for Q3 2023. However, the net loss was $277,408, including a $251,851 foreign exchange-driven equity gain from the Green Star Royalties Ltd. joint venture. The Copperstone gold stream restructuring and expansion of the Green Star investment pipeline are significant highlights.

Star Royalties Ltd. announces the closing of an agreement with Sabre Gold Mines Corp. to restructure the gold stream on the Copperstone Gold Mine. The revised gold stream is now 4% of gold produced for the duration of Copperstone's life-of-mine, with additional consideration of C$4.55 million paid by Sabre Gold to Star Royalties. Star Royalties will continue to provide a cash payment to Sabre Gold equal to 25% of the spot gold price for each ounce of gold delivered.