RE Royalties Ltd. - RROYF STOCK NEWS

RE Royalties announced its Q1 2024 financial results, showing significant growth. Quarterly revenue increased by 45% to $2.637 million, thanks to more investments over the past year. Gross profit also rose by 45% to $2.538 million, and EBITDA increased by 34% to $1.797 million. Net income after tax reached $659,000, up 18% from the previous year. Cash and cash equivalents stood at $14.614 million.

Key business highlights include a $1.7 million loan to Clean Communities for a 4MW solar project in Alberta and a loan and royalty agreement with Revolve Renewable Power Corp for hydro and wind projects totaling 23 MW. RE Royalties also secured a $415,000 loan for a rooftop solar project in Mexico and received an early repayment of a $5.6 million loan from Nomad Transportable Power Systems.

CEO Bernard Tan highlighted the company's stable cash flows and robust portfolio, despite challenging market conditions.

RE Royalties will be presenting at the 2024 Canadian Climate Investor Conference (CCIC) on June 25, 2024, at the MaRS Discovery District in Toronto, Ontario.

The event will showcase RE Royalties' leadership in renewable energy royalty-based financing.

For more details and registration, visit the CCIC website.

RE Royalties announces its fiscal 2023 year-end results, showcasing significant revenue and income growth, increased gross profit, positive EBITDA, and a net loss post-income tax. The company highlights key business achievements, including new investments, loan agreements, acquisitions of royalties, and the completion of Series-3 Green Bonds offering. Despite a provision for expected credit losses affecting net income, the company's investment portfolio remains stable. RE Royalties aims to capitalize on near-term opportunities and continue its financial growth in the upcoming quarters.

RE Royalties announces the publication of its 2024 Green Bond Framework assessed as Dark Green, along with the 2023 Green Bond Report, showcasing the company's commitment to renewable energy investments. The Framework's alignment with low-carbon climate resilient future standards has been endorsed by S&P Global Ratings. The Report details the utilization of proceeds from Green Bonds in renewable energy projects, highlighting positive environmental impacts. Additionally, RE Royalties will host an Investor Appreciation Day on May 2, 2024, in Vancouver, B.C., Canada.

RE Royalties declares a $0.01 per share dividend for the first quarter of 2024, continuing to deliver on its business plan with investments in Revolve Renewable Power and Clean Communities Corp. The company aims to expand its portfolio and grow revenues, income, and cash flows for the future.

RE Royalties announces the early repayment of a USD $5.6 million loan to NOMAD Transportable Power Systems Inc. and a new $415,000 loan to Revolve Renewable Power Corp. The Company continues to receive a gross revenue royalty from NOMAD's units and has engaged Velocity Trade Capital for market-making services.

RE Royalties Ltd. announces Revolve Renewable Power Corp.'s completion of WindRiver Power Corporation acquisition, supported by a CAD $4.0 million secured loan. The Acquisition includes minority and majority ownership in various renewable energy projects in British Columbia and Alberta.

RE Royalties Ltd. has entered into an agreement with Clean Communities Corporation to provide a CAD $1.7 Million secured loan to support the construction of a 4MW solar project in Cardston, Alberta. The loan will have a 60-month term and an interest rate of 13% per annum. RE Royalties will receive a gross revenue royalty of 5.0% on the Project for 20 years after reaching commercial operations. This marks the company's first transaction with an Indigenous-led enterprise in the renewable energy space.

RE Royalties Ltd (RROYF) to participate in The Microcap Conference on January 30, 31, and February 1, 2024 at Caesars Atlantic City Hotel & Casino. Bryce Anderson, Vice President Investments, to present on January 31 & February 1. Interested parties can register to attend and schedule one-on-one meetings with the management team.