TORONTO, ON / ACCESSWIRE / November 22, 2023 / Star Royalties Ltd. ("Star Royalties", or the "Company") (TSXV:STRR)(OTCQX:STRFF) is pleased to report its financial results for the quarter ended September 30, 2023. All amounts are in U.S. dollars, unless otherwise indicated.

Q3 2023 Financial and Corporate Highlights

Quarterly revenues of $271,567, representing a 44% increase over the prior quarter due to improved mineral sands sales at Keysbrook.
Quarterly net loss of $277,408 included a $251,851 foreign exchange-driven equity gain from the Green Star Royalties Ltd. joint venture ("Green Star").
Green Star's flagship regenerative agriculture carbon farming program was officially listed under Verra's Methodology for Improved Agricultural Land Management, v2.0 (VM0042) ("Verra") and is currently proceeding to third-party validation.
The recently announced Copperstone gold stream restructuring improved the Company's balance sheet and enhanced the project's economics and funding options.
MOBISMART Mobile Off-Grid Power & Storage Inc. ("MOBISMART") continues to expand sales volumes and their customer pipeline.
Alex Pernin, Chief Executive Officer of Star Royalties, commented: "During the third quarter of 2023, our team continued to work diligently to position both Star Royalties and Green Star for upcoming success. Keysbrook performed in-line with internal expectations, and we restructured Copperstone's stream to achieve a 400% increase in exposure to its life-of-mine production profile and significant exploration potential, while converting a portion of its value into immediate and near-term cash and securities. Green Star's flagship regenerative agriculture program continues to advance and has now entered the third-party validation phase under the Verra registration process. Lastly, but importantly, we continue to actively evaluate capital raising opportunities to be well positioned to begin transacting on Green Star's expanded pipeline of carbon investments."

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