Newmont Corporation has acquired a significant equity position in LunR Royalties Corp. through a dividend-in-kind distribution from Lundin Gold Inc. The transaction resulted in Newmont beneficially owning 16,099,564 common shares, representing approximately 13.32% of the issued and outstanding common shares of LunR on a non-diluted basis. This strategic stake was obtained without any cash consideration by Newmont or its subsidiaries.

Transaction Details

The distribution originated from Lundin Gold's prior acquisition of 50,505,051 common shares of LunR as consideration for a life-of-mine silver stream on the Fruta del Norte mine in Ecuador. Under a distribution agreement dated April 2, 2026, Lundin Gold agreed to distribute these Consideration Shares to its registered shareholders. On May 28, 2026, Lundin Gold declared a special dividend-in-kind, payable on June 11, 2026, to shareholders of record at the close of business on June 4, 2026. Newmont's wholly owned indirect subsidiary received its allocation as part of this process.

Ownership and Intent

Newmont currently holds the Common Shares for investment purposes. The company stated it will continue to evaluate its investment in LunR and may increase or decrease its shareholdings through market transactions or private agreements, subject to applicable securities laws. The acquisition aligns with Newmont's strategy to manage its portfolio based on market conditions and other circumstances.

Regulatory Compliance

This disclosure is being issued pursuant to the early warning provisions of Canadian securities legislation. Newmont intends to file an early warning report in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Interested parties can obtain a copy of the report by contacting Newmont Investor Relations.

LunR Royalties Corp. is listed on the Toronto Stock Exchange, while Newmont Corporation is listed on the NYSE, ASX, and PNGX.