❗SUMMIT ROYALTIES HAS NOT PAID FOR THIS INTERVIEW. By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication. The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it.By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences.Nobody involved in the production of this publication is a licensed investment advisor.No recommendations are being made to buy or sell any securities in this video.The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital.Read official company filings on www.SedarPlus.ca.

Timestamps:00:00:00 Chapters00:00:09 Important Warning00:01:08 Summit Royalties Company Overview00:04:32 Why start a new royalty company in this market?00:06:05 Has this CEO made money for shareholders before?00:08:13 What does a royalty CEO do all day?00:10:05 Do insiders have real skin in the game?00:13:10 How does Summit Royalties measure 'success'?00:16:27 What is the business strategy for Summit Royalties?00:18:25 What's the biggest risk for a royalty starup?00:19:30 Why did the CEO leave Metalla Royalty? 00:20:56 Why did the CEO start Summit Royalties?00:25:18 What is the market 'missing'?00:27:30 Do Eagle shareholders want to keep holding Summit shares?00:30:16 Are there warrants/options outstanding?00:32:43 Is raising capital going to be a challenge?00:33:53 Would they raise capital only for deals?00:37:47 How many deals a year do they want to do?00:39:04 Would they issue debt?00:40:48 Do they want to grow at all cost?00:43:10 How is the royalty competition in this stage of the market?00:46:02 Is cost of capital the most important thing for royalty companies?00:47:49 What kind of projects are they looking for?00:49:01 Are they jurisdiction-agnostic?00:50:37 Would they be looking for portfolio of royalties?00:52:39 How much revenue are they expecting in 2025?00:55:02 What makes them confident Madsen could work out?00:57:06 How much gold could Madsen deliver?00:59:12 Could this market push operators to buy back royalties?01:01:06 Can West Red Lake buy back the Madsen royalty?01:02:08 What’s the political risk for Bomboré? 01:03:34 How much silver could Bomboré pay?01:05:02 Can Orezone buy back the Bomboré royalty?01:07:33 How often does Summit Royalties get an update on its assets?01:08:53 How much gold could Zancudo pay?01:10:43 How high is the jurisdictional risk in Colombia? 01:12:29 How much will G&A be?01:14:10 How much will they be spending on marketing?01:16:02 What’s the biggest criticism of Summit Royalties?01:18:18 Very Important Warning - DO NOT SKIP

This is a Summit Royalties interview with CEO, Drew Clark.