Summit Royalties Ltd.

Summit Royalties is a precious metals royalty and streaming company building a scaled, cash-flowing portfolio with industry-leading growth. Summit owns 46 royalty and streaming assets, anchored by four producing assets with two additional projects expected to enter production in 2027. Approximately two thirds of portfolio NAV is already producing or has a committed timeline to production. Summit’s growth strategy combines organic portfolio catalysts with disciplined, accretive acquisitions supported by an experienced team and up to US$50 million of revolving credit capacity.

Management Profile

Connor Pugliese, Vice President Corporate Development

Connor is a finance professional with over a decade of experience in the mining sector. Before joining Summit, he worked at Redwood Materials in Reno, Nevada, supporting the company’s growth in the sustainable battery materials and energy space. Prior to Redwood, he spent over 4 years at Triple Flag Precious Metals, where he helped execute over $1B in royalty and streaming deals. Connor began his career in investment banking, advising on M&A and capital markets transactions across the metals and mining sector.

What is your rationale for taking part in 121 Mining Investment?

Summit is participating to expand its relationships with institutional, family office and natural-resources investors, while also identifying new opportunities to transact and grow its portfolio. We aim  to introduce investors to Summit’s rapidly scaling royalty and streaming platform, highlight its visible production and cash-flow growth, and build relationships with mining companies, asset owners, advisers and other potential counterparties. Summit has an active mandate to acquire accretive royalties and streams, and 121 provides a valuable opportunity to source new transactions alongside broadening investor awareness.

What recent news would you like to highlight to investors attending?

• July 27, 2026: Summit Royalties Secures Up to US$50 Million Revolving Credit Facility; Provides Other Corporate Updates
• July 3, 2026: Summit Royalties | Summit Royalties Completes Acquisition of Star Royalties and Provides Corporate Update | July 3, 2026
• June 1, 2026: Summit Royalties Announces Closing of 1.0% NSR Royalty Acquisition on Newmont's Saddle North Deposit

What are your key goals for the next 3, 6 and 12 months?

3 Months

Continue executing Summit’s integration and growth strategy following the Star Royalties acquisition; broaden institutional awareness and research coverage; and evaluate accretive royalty and streaming opportunities using the company’s expanded capital base.

6 Months

Deploy capital selectively into cash-flowing or near-term cash-flowing royalties and streams that grow per-share NAV and cash flow; and deepen Summit’s shareholder base and market liquidity.

12 Months

Realize the expected transition from four producing assets to six as Copperstone and Pitangui advance toward production in 2027; deliver material growth in attributable GEO production and cash flow; continue executing disciplined acquisitions; and advance Summit toward mid-tier scale and relevance.

What do you think makes your company such a compelling investment?

Summit stands apart from other royalty companies through the combination of industry-leading organic growth, an accretive acquisition strategy and a team with a proven record of building industry-leading companies. Summit has the highest expected growth rate among its royalty peers, with approximately 57% GEO CAGR forecasted over then next 3 years, and its producing asset base expected to increase from four assets to six in 2027.

Combined with a diversified, cash-flowing portfolio, approximately 12% ownership by management and insiders, up to US$50 million of revolving credit capacity and a material valuation discount to peers, Summit offers investors exposure to the fastest-growing royalty platform with meaningful re-rate potential as it executes.

What are the top 3 key investor takeaways?

1. Attractive valuation and re-rate potential compared to peers

2. Track record of demonstrated execution and growth

3. Led by a team who have executed billions in transactions and built industry-leading companies