Video News/Investment Trends

Drew Clark, President, CEO & Director of Summit Royalties, says the newly public royalty company is focused on scaling through acquisitions while maintaining discipline around cash flow and NAV per share. Speaking with Kitco Mining’s Paul Harris at the 2026 Precious Metals Summit in Beaver Creek, Clark said Summit has grown from zero to nearly 50 royalties in roughly 18 months and is targeting more cash-flowing and near-term cash-flowing assets. Clark said Summit sees an opportunity in the $20 million to $50 million transaction range and plans to use its new credit facility to pursue growth while limiting equity dilution. He said roughly two-thirds of the company’s NAV could see meaningful catalysts over the next four to six months, including developments at Copperstone and Banyan’s AurMac project. Clark also said consolidation across the royalty sector “is here to stay.”