LunR Royalties (TSXV: LUNR) has announced a $670 million life-of-mine silver stream on Lundin Gold’s Fruta del Norte mine in Ecuador, a deal that delivers immediate precious metals cash flow to the recently listed royalty company. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, CEO Adam Lundin described the structure as “a very elegant way to get cash flow into Lunar,” with approximately 50 million LunR shares issued to Lundin Gold for distribution to its shareholders.

The stream provides exposure to more than 500,000 ounces of annual silver production, closely aligned with Lundin Gold’s roughly 500,000 ounces of gold output. The transaction increases LunR’s free float, introduces Newmont as a major shareholder with board representation, and positions the company within the underrepresented $1 billion to $10 billion royalty gap. A shareholder vote is required to complete the transaction as LunR scales into a cash-flowing precious metals platform.

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00:23 - $670M Silver Stream Deal Overview and Rationale
00:43 - How the Share-Based Streaming Structure Works
02:36 - Liquidity, Free Float and Newmont as Shareholder
03:57 - Why Build a Royalty Company Now
04:52 - Scaling LunR Into the $1B–$10B Royalty Gap
05:38 - Competing for Deals in a Crowded Royalty Market
06:33 - Vicuna PEA Results and Phase One Economics
07:36 - Large Silver Stream Deals and Vicuna Potential
08:46 - Faraday Copper Deal With BHP Explained
09:48 - Copper Market Outlook at $6 Per Pound
10:53 - What’s Next for LunR Royalties
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