Dundee Corporation has sold its net smelter royalty in the Borborema Gold Project to Gold Royalty Corp. for US$45 million, with US$30 million in cash and US$15 million in GROY shares. The transaction is expected to be completed in January 2026, supporting Dundee’s strategic focus on building sustainable cash flow from mining operations.

President and CEO Jonathan Goodman views the sale as a strategic move to generate capital for operating initiatives, including a joint venture with Westhaven. Dundee Corporation, listed on the TSX under “DC.A”, focuses on investing in mineral resource assets globally to unlock value through strategic investments in mining projects.

Forward-looking statements in the press release highlight the completion date of the transaction, the strategic priority to build cash flow from mining operations, and potential opportunities for generating additional cash flow. Management’s opinions and estimates are subject to known and unknown risks, with factors beyond Dundee Corporation’s control potentially impacting actual results and events.

For further information or inquiries, investors and media can contact Dundee Corporation at (416) 864-3584 or email [email protected].

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