Star Royalties (STRR) Q2 2024 earnings summary

Executive summary

• Focus on carbon credit and precious metals royalty and streaming investments, with operations through a Green Star joint venture.

• Sufficient resources are expected to fund operations and commitments for at least twelve months from June 30, 2024.

Financial highlights

• Royalty income for Q2 2024 was $266,306, up from $188,033 in Q2 2023; six-month royalty income was $541,701, up from $459,462 year-over-year.

• Net loss for Q2 2024 was $567,350, compared to a net loss of $1,048,574 in Q2 2023; six-month net loss was $246,920, improved from $979,035 year-over-year.

• Cash at June 30, 2024 was $1,808,395, down from $2,880,019 at December 31, 2023.

• Total assets at June 30, 2024 were $52,911,835, compared to $54,603,591 at December 31, 2023.

• Equity income from Green Star joint venture was $1,459,878 for the six months ended June 30, 2024, up from $188,080 year-over-year.

Outlook and guidance

• Anticipated royalty income and management fees from Green Star are expected to support operations for at least the next twelve months.