RE Royalties (TSE:RE) has released an update.
RE Royalties Ltd. reports a robust first quarter in 2024 with a 45% increase in revenue and income, reaching $2.63 million, and a 34% increase in EBITDA at $1.79 million, signaling strong growth fueled by recent investments in renewable energy projects. The company also highlights new agreements, including a $1.7 million loan to support a solar project in Alberta and a loan and royalty arrangement for a portfolio of hydro and wind projects, showcasing its expanding influence in the clean energy sector.
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