Newmont Corporation (NYSE: NEM) received 16,099,564 common shares of LunR Royalties Corp. through a dividend-in-kind distribution from Lundin Gold Inc., the company announced. The shares represent approximately 13.32% of LunR's issued and outstanding common shares on a non-diluted basis.

Lundin Gold distributed the shares to its registered shareholders on June 11, 2026, following a special dividend declaration on May 28, 2026. The distribution stemmed from LunR's acquisition of a life-of-mine silver stream on Lundin Gold's Fruta del Norte mine in Ecuador, for which Lundin Gold received 50,505,051 LunR shares as consideration.

Under a distribution agreement dated April 2, 2026, Lundin Gold agreed to distribute all consideration shares to its shareholders. Newmont's wholly owned indirect subsidiary received the LunR shares as a Lundin Gold shareholder without paying cash consideration.

The shares are held for investment purposes, according to the company's statement. Newmont indicated it will evaluate its LunR investment periodically and may increase or decrease its shareholdings through market transactions or private agreements, subject to applicable securities laws.

The announcement was made pursuant to early warning provisions of Canadian securities legislation. Newmont will file an early warning report in accordance with National Instrument 62-103. LunR Royalties is listed on the Toronto Stock Exchange.