Star Royalties Stock Price, News & Analysis

Star Royalties (TSXV:STRR, OTCQX:STRFF) has announced that its majority-owned joint venture, Green Star Royalties, has joined the International Emissions Trading Association (IETA). This membership aligns Green Star with nearly 300 companies focused on carbon pricing and climate solutions. Green Star aims to be a leader in the carbon credit royalty space, with ongoing efforts to grow its investment pipeline and explore capital raising opportunities. The partnership with IETA is expected to enhance Green Star’s credibility and influence in carbon financing, aligning with market trends towards emissions reduction.

Star Royalties (TSXV:STRR, OTCQX:STRFF) reported a strong Q2 2022, showcasing a 26% increase in quarterly revenue, totaling $264,203 compared to $208,948 in Q2 2021. The company recognized a remarkable $18.6 million gain from the deconsolidation of Green Star Royalties following a strategic investment by Agnico Eagle. The Elk Gold mine became the company's second producing royalty asset, contributing to positive revenue growth. Overall, Star Royalties is positioned well for future growth, focusing on expanding its portfolio and enhancing its carbon project expertise.

Star Royalties (TSXV:STRR)(OTCQX:STRFF) reported a 47% increase in quarterly revenue to $215,361 for Q1 2022, compared to $146,072 in Q1 2021. The Elk Gold Mine began production, enhancing cash flow expectations. A strategic investment from Agnico Eagle into its subsidiary Green Star facilitates a fourfold expansion of its regenerative agriculture royalty program. Despite positive growth, the company reported a net loss of $(706,393) compared to $(974,872) in the previous year, with cash flow from operations at $(564,625).

Star Royalties Ltd. has finalized a strategic non-brokered private placement, closing on 15,384,620 common shares of its subsidiary, Green Star Royalties Ltd., at C$1.00 per share. Agnico Eagle Mines Limited acquired 14,134,620 shares for C$14.13 million, while management purchased 1,250,000 shares for C$1.25 million. Post-placement, ownership is 61.9% Star Royalties, 35% Agnico Eagle, and 3.1% management. This move aims to elevate Green Star's market presence and attract ESG-focused investors through enhanced capital opportunities.

Star Royalties Ltd. (TSXV:STRR)(OTCQX:STRFF) announced a significant expansion of its agreement with Bluesource, quadrupling its commitment to create premium carbon offset credits through regenerative agriculture. This enhanced CarbonNOW program will cover 1.32 million acres, generating over 2 million carbon offset credits annually starting in 2023. The initiative aims to transition North American farmers to sustainable practices, financed by up to $20.6 million from Green Star Royalties. This strategic move reflects strong demand from farmers and positions the company for substantial growth in the carbon credit market.

Star Royalties Ltd. (TSX-V:STRR)(OTCQX:STRFF) is initiating a non-brokered private placement for 15,384,620 common shares of its subsidiary, Green Star Royalties Ltd., priced at C$1.00 per share. Agnico Eagle Mines will purchase 14,134,620 shares, totaling C$14.13 million, while the management team will acquire 1,250,000 shares for C$1.25 million. This investment will result in Agnico owning 35% of Green Star Royalties, which aims to accelerate growth in green projects. The Private Placement is expected to close in April 2022, subject to approvals and due diligence.

Star Royalties (TSXV:STRR)(OTCQX:STRFF) has partnered with Bluesource to launch a pioneering carbon offset program promoting regenerative agriculture across 320,000 acres in North America. This initiative aims to generate over 500,000 carbon offset credits annually, starting in 2023. Green Star Royalties will invest up to $5 million to finance this project, which offers a scalable solution to enhance soil health and mitigate climate change. The partnership underscores a commitment to sustainable farming and aligns with broader goals to reduce greenhouse gas emissions.