Business
RE Royalties Announces Fiscal 2024 Year End Results and Highlights
All amounts in Canadian dollars unless otherwise stated VANCOUVER, BC / ACCESS Newswire / May 2, 2025 /RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) (" RE Royalties " or the " Company "), a global leader in renewable energy royalty-based financing, is ...
About this update from Re Royalties Ltd.
[{"type":"text","content":"All amounts in Canadian dollars unless otherwise stated","length":55,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 2, 2025 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) (" RE Royalties " or the " Company "), a global leader in renewable energy royalty-based financing, is pleased to announce the financial results for the year ended December 31, 2024 (" FY2024 "). For further information on these results please see the Company's Consolidated Financial Statements (the "Financial Statements") and Management's Discussion and Analysis for FY2024, filed on SEDAR+ at www.sedarplus.com .","length":553,"tagName":"p"},{"type":"text","content":""FY2024 was a transitionary year for the Company, as we added new operating battery and solar assets in Ontario to the Company's portfolio, along with new loan and royalty investments from returning clients" said Bernard Tan, CEO. "These new assets provide a strong, stable and recurring cash flow stream to support our objective of creating long term cash flows for our investors. While certain clients encountered delays in their refinancing plans, we also had a number of clients who successfully refinanced our loans early, which allowed us to reinvest into new opportunities. We continue to actively work with those clients' encountering delays and are optimistic in their ability to complete their financing plans."","length":749,"tagName":"p"},{"type":"text","content":""For the current fiscal year, we have entered into a letter of intent with an existing client for an acquisition loan which will allow us to be substantially fully invested. This investment is expected to further increase our revenues, income and cash flow for the current fiscal year and is anticipated to close sometime in the second quarter of this year."","length":368,"tagName":"p"},{"type":"text","content":"Key business highlights for FY2024 include:","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"In January 2024, the Company entered into an agreement with Clean Communities Corporation, an Alberta-based Indigenous-led clean energy company, to provide a $1.7 Million secured loan (the "CCC Loan") to support the construction of a 4MW solar project ("Sunrise Solar") in...