The distribution was made on Thursday to shareholders of record as of June 4. The shares were acquired by Lundin Gold on May 28 as part of a silver stream agreement with LunR Royalties. Under a separate agreement signed in April, Lundin Gold committed to distributing these shares directly to its shareholders, the company said.

Before the distribution, Lundin Gold owned about 41.8% of LunR's outstanding shares. Through the transaction, the company distributed its entire LunR stake to shareholders and no longer holds any shares in LunR, according to the statement.

"As a result, Lundin Gold is no longer subject to early warning reporting requirements in respect of LunR. Lundin Gold has no current intention to acquire additional securities of LunR," the company added.

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