Eagle Royalties Announces Reverse Takeover with Summit Royalty

Eagle Royalties Ltd. has filed a management information circular for its annual and special meeting on October 30, 2025. Shareholders will vote on a proposed reverse takeover transaction involving Summit Royalty Corp. and Newco, which could result in the formation of Summit Royalties Ltd. This transaction aims to achieve a "Fundamental Change" as per Canadian Securities Exchange policies.

The board unanimously supports the resolutions, including a 5:1 stock consolidation, a name change, and various corporate actions. Due to a Canada Post strike, shareholders are encouraged to access documents electronically and vote online or via courier.

Upon transaction completion, anticipated in November, the resulting entity expects TSX Venture Exchange listing under the symbol "SUM". Eagle's current trades are halted on the Canadian Securities Exchange pending delisting.