TORONTO, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) ("Dundee" or the "Corporation") is pleased to announce that it has entered into a Royalty Purchase Agreement with Gold Royalty Corp. ("GROY") to sell its net smelter royalty in the Borborema Gold Project for an aggregate purchase price of US$45 million comprised of US$30 million in cash and US$15 million in common shares of GROY to be issued at US$4.20 per share being the 20-day volume weighted average price of the GROY common shares on the day prior to signing the Royalty Purchase Agreement. The transaction is subject to customary conditions and is currently expected to be completed in January 2026.
"The sale of the Borborema royalty to Gold Royalty Corp. is a disciplined capital allocation decision that supports our strategic priority of building sustainable cash flow from mining operations. Monetizing the royalty in a materially NAV accretive transaction provides capital to advance our operating-focused initiatives, including the recently announced joint venture partnership with Westhaven, and to pursue additional opportunities that can generate meaningful, long-term cash flow for the Corporation," said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation.
ABOUT DUNDEE CORPORATION:
Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol "DC.A". The Corporation is primarily engaged in investing in mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation's current expectations regarding future events.
Forward-looking statements in this press release may include statements with respect to the expected completion date of the transaction, the strategic priority of the Corporation to build sustainable cash flow from mining operations, the anticipated advancement of the Corporation's joint venture with Westhaven and additional cash flow generating opportunities. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, delays in obtaining requisite approvals for particular transactions, precious metals price volatility; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the speculative nature of exploration and development; stock market volatility; conflicts of interest among certain directors and officers, and the factors discussed under "Risk Factors" in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor and Media Relations
T: (416) 864-3584
E: ir@dundeecorporation.com
