RE Royalties to Invest $1.5 Million in Philippine Solar Projects; Provides Strategic Review Update

04:37 PM EDT, 10/19/2026 (MT Newswires) -- RE Royalties (RE.V) after trade Monday said it will invest $1.5 million to acquire a gross revenue royalty on nine operating rooftop solar projects in the Philippines, with a combined capacity of 14.2 megawatts. The company added that the deal establishes a relationship with Singapore Solar, a developer with a pipeline of renewable energy projects in Southeast Asia. In exchange for the $1.5 million royalty purchase, RE Royalties will receive quarterly royalty payments for the projects' operating life, according to the statement. The company also provided an update on its strategic review, announced on March 27. It said it held meetings and continues discussions with interested parties. "However, there can be no assurance that the Strategic Review will result in any transaction or other strategic outcome, nor can there be any assurance regarding the timing, terms or completion of any such outcome," the company said. The company also announced that Outagamie Clean Energy Partners has fully repaid its $4.6 million secured loan for a renewable natural gas project in Wisconsin. RE Royalties' shares closed unchanged at CA$0.295 on the TSX Venture Exchange.