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STAR ROYALTIES LTD - $STRFF STOCK NEWS

Welcome to our dedicated page for STAR ROYALTIES news (Ticker: $STRFF), a resource for investors and traders seeking the latest updates and insights on STAR ROYALTIES stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect STAR ROYALTIES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
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Rhea-AI Summary
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.
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End-of-Day
-2.49%
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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.
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End-of-Day
-4.35%
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Rhea-AI Summary
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.
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End-of-Day
43.97%
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Rhea-AI Summary
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.
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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.
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Rhea-AI Sentiment
End-of-Day
2.46%
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Rhea-AI Summary
Star Royalties Ltd. and Sabre Gold Mines Corp. have entered into a non-binding agreement to restructure the gold streaming agreement on the Copperstone Gold Mine. The proposed restructuring will revise the gold stream from 6.6% to a flat 4% of gold produced for the duration of the mine's life. Sabre Gold will also pay C$4.55 million to Star Royalties in cash and shares. The stream revision and royalty buyback are expected to improve Copperstone's project economics, enhance Sabre Gold's ability to fund project construction, and provide higher resource conversion and exploration upside exposure to Star Royalties.
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STAR ROYALTIES LTD

OTC:STRFF

STRFF Rankings

STRFF Stock Data

14.24M
65.12M
19.66%
20.99%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto