Partnerships
We have differentiated Green Star Royalties by establishing best-in-class partnerships across our entire business model. To ensure project development quality, scalability and longevity, we have developed a strong working partnership with Anew Climate, North America’s leading carbon offset developer and marketer. To source attractive and aligned investment capital, our Company operates as a joint venture between Star Royalties and Agnico Eagle Mines, the latter being a senior Canadian gold mining company and a leader in ESG practices. From a project-level perspective, we directly partner with Canadian First Nations, Indigenous communities and American farmers. As a Company that prides itself in specializing in bespoke and operator-friendly financing solutions, our partnerships are instrumental to our ability in structuring mutually beneficial agreements that optimize our counterparties' capital structure, and generate a return well above our cost of capital.
Carbon Project Development Partnership with Anew Climate
In 2020, through the creation of the world’s first forestry carbon credit royalty, we partnered with Anew Climate (previously Blue Source) to collaborate on developing and financing forestry carbon offset projects. That collaboration has since evolved into a partnership that spans multiple projects, including our flagship regenerative agriculture program with a scope of 1.32 million acres of farmland across the United States. We are now Anew Climate’s preferred financing partner of future regenerative agriculture projects and we look forward to jointly advancing progressively larger regenerative agriculture projects over the coming years.
Anew Climate is a climate action partner for private and public companies, non-profit organizations and governments. Anew Climate has pioneered creative solutions to the climate crisis since 2001, with deep expertise across environmental technologies and markets. With close to 400 active projects in the United States and Canada, Anew Climate is a leader in voluntary, compliance and pre-compliance carbon, renewable energy attribute, renewable natural gas and energy efficiency markets. For seven consecutive years, Anew Climate has been voted Best Project Developer (North America) and Best Offset Originator (California) by peers and partners in Environmental Finance’s Annual Market Rankings.
Strategic Investment by Agnico Eagle Mines
Following a strategic investment into Green Star Royalties by Agnico Eagle Mines in March 2022, our Company is currently owned 62% by Star Royalties, 35% by Agnico Eagle Mines and 3% by management. This strategic investment has provided us with a cornerstone shareholder, a significant recognition of value and a pathway to rapidly grow Green Star Royalties.
Agnico Eagle Mines is a senior Canadian gold mining company and is recognized globally for its leading environmental, social and governance (ESG) practices. It is strongly aligned with our values and philosophy on sustainability, making them an excellent strategic investor.
We anticipate that Agnico Eagle Mines’ strategic involvement will lead to an acceleration in our growth trajectory and will allow the Company to originate, fund and participate in additional, larger carbon offset opportunities. A more scalable build-out of the carbon credit investment strategy will allow us to leverage our strong relationships and first-mover advantage to become the partner of choice in originating carbon credit and other green royalties, as well as attract capital from both generalist and ESG-focused investors.