Star Royalties Reports Q2 2025 Financial Results, Highlights Copperstone Project Progress

August 20, 2025 — Star Royalties Ltd. (TSXV: STRR, OTCQX: STRFF) reported its financial results for the quarter ended June 30, 2025, with all amounts in U.S. dollars unless otherwise indicated. Quarterly revenues totaled $96,594, a decrease from the prior year due to lower sales at the Keysbrook Mine. However, the company anticipates increased sales volumes in the second half of the year.

Cost-savings initiatives led to a 34% reduction in total expenses compared to the previous year. Minera Alamos Inc. announced the acquisition of a producing gold mine in Nevada, de-risking and funding the Copperstone Gold Project, with production expected in late 2026. Gold Mountain Mining Corp. suspended regular operations at the Elk Gold Project to update its resource model.

Despite uncertainty related to Elk Gold, the outlook for Star Royalties' mining royalty portfolio has improved due to Copperstone's progress and a sustained increase in the gold price to above $3,300/oz. The company is closely monitoring Elk Gold's developments and anticipates updates regarding potential new ownership.

Alex Pernin, CEO of Star Royalties, noted the positive developments at Copperstone and the expectation of materials sold at Keysbrook being reflected in subsequent royalty payments. The company's balance sheet remains strong with approximately $3.2 million in current assets.

Significant portfolio updates include Keysbrook, where royalty income was $96,594 for Q2 2025, and Copperstone, where Minera Alamos is advancing plans to restart mining operations in 2026. Green Star Royalties continues as a joint venture, focusing on long-term carbon market offtake agreements and investments in clean technologies.

Alex Pernin, Chief Executive Officer and Director, apernin@starroyalties.com, +1 647 494 5001

Dmitry Kushnir, CFA, VP, Investor Relations and Strategy, dkushnir@starroyalties.com, +1 647 494 5088

Source: Star Royalties Ltd.