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Dundee Corporation Announces the Closing of the Sale of Its Royalty on the Borborema Gold Project

TORONTO, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX:DC) ("Dundee" or the "Corporation") is pleased to announce that it has now closed the previously announced sale of its royalty on the Borborema Gold Project to Gold Royalty Corp. ("GROY") for an aggregate purchase price of US$45 million comprised of US$30 million in cash and US$15 million in common shares of GROY issued to Dundee at US$4.20 per share.

Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation commented "The closing of the sale of the Borborema royalty represents a disciplined step in our ongoing strategy to crystallize value and redeploy capital into opportunities that we believe can generate sustainable future cash flow for Dundee through mining operations. This transaction was completed with a counterparty that shares our conviction in the long-term value of the underlying asset, and it reflects a relationship-driven partnership built around that shared view. With the transaction now closed, we have strengthened our balance sheet further and delivered NAV accretion for shareholders. Based on our updated assessment, highlighted below, the intrinsic value of our portfolio continues to materially exceed our current market capitalization, reinforcing our view that the company remains significantly undervalued. We believe this gap presents a compelling opportunity as we execute on initiatives designed to unlock value and drive long-term returns."

NET ASSET VALUE (NAV) PER SHARE

 

 

 

 

Cash

$

2.06

 

Magna Mining Inc.

$

1.78

 

New Found Gold Corp1

$

0.58

 

Saturn Metals Limited

$

0.51

 

Ausgold Limited

$

0.51