LunR Provides Update on the Trading of its Common Shares
LunR Royalties Corp.
Suite 2800 – 1055 Dunsmuir Street
Vancouver, BC, Canada, V7X 1L7
+1 604 689 7842
www.lunrroyalties.com
LunR Provides Update on the Trading of its Common Shares
December 19, 2025 – Vancouver, BC – LunR Royalties Corp. (“LunR”, “LunR Royalties”, or the
“Company”) announces that trading in its common shares (the “ Shares”) on the TSX Venture
Exchange (the “TSXV”) will start later this afternoon. The Company also confirms that trading today
will be based on a board lot size of 1,000 shares.
About LunR Royalties
LunR Royalties is an emerging royalty and streaming company based in Canada, focused on building
and managing a portfolio of high-quality mining royalty and stream interests to create meaningful and
lasting value for stakeholders.
LunR was spun-out of NGEx Minerals Ltd. (“NGEx”), whose common shares trade on the TSX under
the symbol “NGEX”, with net smelter return (“NSR”) royalties on the Lunahuasi and Los Helados
projects, located in the Vicuña District of Argentina and Chile . LunR holds a 1.00% NSR royalty on
Lunahuasi and a 1.38% NSR royalty on Los Helados.
The spin-out was completed by way of a statutory plan of arrangement under the Canada Business
Corporations Act, which became effective on October 23, 2025.
Additional information relating to LunR or NGEx may be obtained or viewed on SEDAR+ at
www.sedarplus.ca.
For further information, please contact:
Connor Mackay
VP , Corporate Development & Investor Relations
Tel: +1 (604) 689 7842
Follow us on social media:
Twitter/X: www.x.com/lunrroyalties
LinkedIn: www.linkedin.com/company/lunrroyaltiescorp
Instagram: www.instagram.com/lunrroyalties
Additional Information
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
The information contained in this news release was accurate at the time of dissemination but may be
superseded by subsequent news release(s). The Company is under no obligation, nor does it intend
to update or revise the forward -looking information, whethe r as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in the news release constitutes “forward -looking
information” and “forward -looking statements” within the meaning of applicable securities legislation (collectively,
“forward-looking information”). A ll statements other than statements of historical facts included in this document
constitute forward -looking information, including but not limited to, statements regarding: the timing for the
commencement of trading on the TSXV; and the business and operations of LunR, including its intention to grow and
diversify a portfolio of royalties, streams and similar interests in the mining and mineral resource industry through
strategic acquisitions and investments . Generally, this forward-looking information can frequently, but not always, be
identified by use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “projects”, “budgets”, “assumes”, “strategy”, “objectives”, “potential”,
“possible”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements
that certain actions, events, conditions or results “will”, “may”, “could”, “would”, “should”, “might” or “will be taken”, “will
occur” or “will be achieved” or the negative connotations thereof.
Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation,
the expectations and beliefs of management with regards to the growth strategy of the Company and its business,
including the growth and diversification of a portfolio of royalties, streams and similar interests in the mining and mineral
resource industry through strategic acquisitions and investments. Although the Company believes that these factors
and expectations are reasonable as at the date of this document, in light of management’s experience and perception
of current conditions and expected developments, these statements are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Known and unknown risks, uncertainties and other factors
may cause actual results or events to differ materially from those anticipated in such forward -looking statements and
undue reliance should not be placed on such statements and information. Such factors incl ude, without limitation, the
Company’s dependence on the royalties; risks that the Company’s royalties, streams and similar interests may not be
honoured by the operator of the underlying mineral projects; risks facing owners and operators of the mineral projects
underlying the Company’s royalties, streams and si milar interests; risks related to mineral resources and reserves;
competition for royalties, streams and similar interests; currency exchange rate fluctuations; requirements for additional
capital; changes to government regulation of mining activities; environmental risks; limitations on insurance coverage;
material adverse changes to the current price of and/or demand for commodities, particularly copper, gold and silver;
material adverse changes to general business and economic conditions, including in the jurisdictions in which the
Company’s royalties, streams or similar interests reside; risks related to the foreign jurisdictions and emerging markets
in which the Company’s royalties, streams or si milar interests reside; risks relating to reliance on the Company’s
management and key personnel; and those described in the Risk Factors section of the Company’s TSXV Form 2B –
Listing Application dated December 16, 2025, which is available on SEDAR+ at www.sedarplus.ca under the
Company’s profile.
The forward-looking information contained in this news release is based on information available to the Company as at
the date of this news release. Except as required under applicable securities legislation, the Company does not
undertake any obligation to publicly update and/or revise any of the forward -looking information included, whether as
a result of additional information, future events and/or otherwise. Forward -looking information is provided for the
purpose of providing information about management’s current expectations and plans and allowing investors and others
to get a better understanding of the Company’s operating environment. Although the Company has attempted to identify
important factors that would cause actual results to differ materially from those contained in forward-looking information,
there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. All the forward -looking information contained in this document is qualified
by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due
to the inherent uncertainty thereof.
Cautionary Note to U.S. Readers
Information concerning the mineral properties of the Company contained in this news release has been prepared in
accordance with the requirements of Canadian securities laws, which differ in material respects from the requirements
of securities laws of the United States applicable to U.S. companies subject to the reporting and disclosure
requirements of the United States Securities and Exchange Commission. Accordingly, such information may not be
comparable to similar information made public by other U.S. c ompanies subject to the securities laws of the United
States and the rules and regulations thereunder.