Business
Star Royalties Creates World's First Carbon Negative Gold Royalty Platform
(TheNewswire) OCTOBER 18, 2021, TORONTO, ON - Star Royalties Ltd....
About this update from Star Royalties Ltd
[{"type":"text","content":"Star Royalties Creates World's First Carbon Negative Gold Royalty Platform\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n OCTOBER 18, 2021, TORONTO, ON - Star\nRoyalties Ltd.\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Star Royalties\n \n \n ”) (TSXV: STRR, OTCQX: STRFF) is pleased to announce the\ncreation of a wholly-owned, pure-green subsidiary, Green Star\nRoyalties (“\n \n \n Green Star\nRoyalties\n \n \n ”).\n \n \n \n \n Rationale for the Creation of Green\nStar Royalties\n \n \n \n \n Since its inception, Star Royalties has been committed\nto funding sustainable environmental solutions for a carbon neutral\neconomy and continues to view ESG-related investments as a highly\nscalable business model with attractive returns. As part of its\nportfolio construction strategy, Star Royalties targets a long-term\n80% capital allocation to precious metals, with the remaining 20%\nreserved for green investments, which currently includes the\ndevelopment of carbon offset credit projects (biosequestration and\nrenewable energies), green technology opportunities (diesel usage\ndisplacement) and battery metals investments (copper, nickel,\nlithium).\n \n \n \n \n To address the positive response to the Company’s\nnovel green royalty model, the numerous origination opportunities, and\nthe superior potential returns, Star Royalties has created a separate\ncorporate entity, Green Star Royalties, to accelerate the growth of\nits pure-green portfolio beyond the current limitation of its 80/20\nallocation framework. Green Star Royalties positions the Company to be\ncarbon negative by 2023, through its existing and future carbon offset\nprojects whose sequestration benefits more than offset the Company’s\ndirect CO\n \n \n 2\n \n \n emissions from\ncorporate activities and attributable CO\n \n \n 2\n \n \n emissions sourced from its gold\nequivalent ounces. The Company views the ESG benefits and investor\nimpact from the origination of new carbon offset projects as superior\nto purchasing carbon offset credits in the secondary market.\n \n \n \n \n A more rapid build-out of the green investment strategy\nwill allow Star Royalties to maximize its strong relationships and\nfirst-mover advantage, having created the first carbon offset credit\nroyalty in May 202...