#Canada #Vancouver #Sandstorm Gold #Royal Gold #BC Court

Sandstorm Gold Royalties Receives Court Approval

On October 15, 2025, Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) announced a significant milestone as the Supreme Court of British Columbia approved its arrangement with Royal Gold Inc. This partnership marks a pivotal moment for Sandstorm as it prepares for the transition of its assets to Royal Gold.

Details of the Arrangement

According to the agreement approved by the court, Royal Gold will indirectly obtain all outstanding shares of Sandstorm. Shareholders of Sandstorm will receive 0.0625 shares of Royal Gold for each Sandstorm share they own. This arrangement not only facilitates a smoother transition but also aims to enhance shareholder value.

The closure of the transaction is expected to occur on October 20, 2025, pending any standard closing conditions. Post-completion, Sandstorm plans to delist its shares from both the Toronto and New York Stock Exchanges. Furthermore, the company will seek to be relieved from its obligations as a reporting issuer in Canada, as well as deregistering its shares under U.S. securities laws.

Background on Sandstorm Gold Royalties

Sandstorm Gold Royalties specializes in precious metals and offers upfront financing to mining enterprises in exchange for a percentage of their production over the mine's lifespan. The company currently holds a diverse portfolio of approximately 230 royalties, with around 40 mines in production, positioning it as a significant player in the mining sector.

Future Implications

This court approval is a significant development for Sandstorm Gold, showcasing its strategic move towards consolidating its operations with a given focus on enhancing financial performance. The arrangement with Royal Gold not only allows Sandstorm to streamline its operations but also aims to provide shareholders with increased value through Royal Gold's established market presence.

Investors and market analysts are keenly observing how this transaction unfolds, considering that the approval represents a vital transition for both companies. The potential synergistic benefits highlight an optimistic outlook for shareholders on both sides.

Regulatory Matters

For those interested in the finer points of the arrangement, more detailed information, including the regulatory aspects and approvals, can be found in the Management Information Circular dated September 8, 2025, available on SEDAR+ and Edgar Next websites.

The announcement places Sandstorm in a promising light, suggesting that the merger could act as a catalyst for further growth and innovation within the mining industry. As markets await the formal completion of this transaction, the focus remains on how Sandstorm and Royal Gold will navigate this transition period, ensuring stability and growth amid the dynamic landscape of precious metals.

In summary, the recent court approval for Sandstorm Gold Royalties' arrangement with Royal Gold signifies a strategic advancement for both companies and highlights the evolving nature of the mining industry. Stakeholders will undoubtedly be watching closely as October 20 approaches, marking what could be a transformative moment for Sandstorm and its shareholders.