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Star Royalties is pioneering a new kind of streaming model: value creation with a conscience

Published: 06:30 19 Oct 2021 EDT

Star Royalties Ltd -
Star Royalties is targeting 80% of its capital allocation to precious metals, with up to 20% available for predominantly green investments

About the company

Star Royalties Ltd is a precious metals royalty and streaming investment company. The company’s objective is to provide wealth creation through accretive transaction structuring and asset life extension with superior alignment to both counterparties and shareholders. With a strategy to also invest in green opportunities, Star Royalties pioneered the first forest carbon credit royalty and is pursuing a pipeline of additional green investments.

How it is doing

26 Jan 2023

Star Royalties Ltd (TSX-V:STRR) has announced that preliminary revenues for its fourth quarter of 2022 increased 30% quarter over quarter to a record US$305,000, which the company attributed to better-than-expected royalty contribution from the Keysbrook Mine and improved operating performance at the Elk Gold Mine over the previous quarter.

The precious metals and carbon credit royalty and streaming firm also said its 61.9% owned Green Star Joint Venture expects MOBISMART Mobile Off-Grid Power Storage Inc, in which it owns a 2.5% gross revenue royalty, to become Green Star’s first revenue-generating royalty in 1Q 2023.

“Star Royalties’ majority-owned subsidiary, Green Star, has made significant progress in the fourth quarter with the addition of two carbon experts and the meaningful expansion of our opportunity pipeline,” Star Royalties CEO Alex Pernin said in a statement.  

“Upcoming key catalysts include improving cash flow visibility across our existing mining and green royalty and streaming assets, raising capital for Green Star with the prospect of an eventual IPO, and executing on our significantly expanded portfolio of carbon opportunities,” Pernin added.

23 Nov 2022

Star Royalties Ltd (TSX-V:STRR) posted third-quarter results with revenue jumping 4% year-over-year as the company reported record quarterly revenue from the Keysbrook royalty, an open pit mineral sands mine located south of Perth in Australia. 

For the period ended September 30, 2022, the Toronto-based precious metals and carbon credit royalty and streaming company reported revenue of $234,854, compared to $225,458 in the third quarter of 2021.

07 Nov 2022

Star Royalties Ltd (TSX-V:STRR) said its majority-owned, pure-green joint venture Green Star Royalties has appointed Rina Cerrato as chief commercial officer and Tanushree Bagh Mukherjee as chief development officer. 

The new hires represent a “significant strengthening” of Green Star’s carbon market and project development expertise and reflect its growing project pipeline of premium North American, nature-based environmental solutions, Star Royalties said. 

What management says

31 Jan 2023

Star Royalties CEO Alex Pernin joined Steve Darling from Proactive to share news the company has released its preliminary numbers from Q-4 2022. Pernin telling Proactive the company saw record preliminary quarterly revenues of 305,000 which accounts for a 30% increase over the previous quarter. Pernin also shared more details about what was a big year for the company in 2022. Pernin also shared his vision for 2023 which includes improving cash flow visibility across its existing mining and green royalty and streaming assets.

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