{"success":true,"data":{"pressRelease":{"id":"51425","rtpr_id":"nGNX2g7yqd","ticker":"PSK","exchange":"TSX","all_tickers":["PSK"],"title":"PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid","author":"Globe Newswire","published_at":"2026-06-01T21:01:00.040Z","article_body":"CALGARY, Alberta, June 01, 2026 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd.\n(\"PrairieSky\" or the \"Company\") (TSX: PSK) is pleased to announce that the\nToronto Stock Exchange (the \"TSX\") has accepted the notice of PrairieSky's\nintention to commence a normal course issuer bid (the \"NCIB\").\n\nOn April 20, 2026, PrairieSky announced its intention to seek TSX approval to\nrenew its NCIB for an additional one-year period. The NCIB allows the Company\nto purchase up to 17,554,375 common shares which represents approximately 7.6%\nof the common shares outstanding, being 232,442,555 as of May 21, 2026, and\n10% of the public float of 175,543,755 common shares which is defined as the\ncommon shares outstanding after excluding common shares beneficially owned by\ndirectors and executive officers of PrairieSky and persons who beneficially\nown or exercise control or direction over more than 10% of the issued and\noutstanding common shares of PrairieSky. The NCIB will commence on June 4,\n2026 and will expire no later than June 3, 2027.\n\nUnder the NCIB, common shares may be repurchased in open market transactions\non the TSX, and/or other Canadian alternative trading systems. In accordance\nwith the rules of the TSX governing normal course issuer bids, the total\nnumber of common shares the Company is permitted to purchase is subject to a\ndaily purchase limit of 123,171 common shares, representing 25% of the average\ndaily trading volume of common shares on the TSX calculated for the six-month\nperiod ended April 30, 2026, being approximately 492,686 common shares.\nHowever, the Company may make one block purchase per calendar week which\nexceeds the daily repurchase restriction. Any common shares that are purchased\nunder the NCIB will be cancelled by PrairieSky.\n\nThe Company believes that from time to time the market price of the common\nshares may not reflect their underlying value. The purchase of common shares\nwill increase the proportion of interest of, and be advantageous to, all\nremaining shareholders. In addition, any purchases by the Company will afford\nincreased liquidity to those shareholders of the Company who may wish to\ndispose of their common shares.\n\nPrairieSky has entered into an automatic share purchase plan with its broker\nin order to facilitate purchases of its common shares. The automatic purchase\nplan allows for purchases by the Company of its common shares at any time,\nincluding, without limitation, when the Company would ordinarily not be\npermitted to make purchases due to regulatory restrictions or self-imposed\nblackout periods. Purchases will be made by PrairieSky’s broker based upon\nthe parameters prescribed by the TSX and the terms of the parties’ written\nagreement.\n\nPrairieSky currently intends to purchase up to a maximum of 17,554,375 common\nshares to effect NCIB purchases over the next 12 months. PrairieSky purchased\n3,092,684 common shares on the TSX and other Canadian alternative trading\nsystems under its current normal course issuer bid which authorized the\npurchase for cancellation of up to 15,355,946 common shares and commenced on\nJune 4, 2025 and runs to June 3, 2026. Since instituting the normal course\nissuer bid in 2016 to March 31, 2026, PrairieSky has purchased and cancelled\nan aggregate of 23.2 million common shares at a weighted average price per\nshare of $17.81.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release contains certain forward-looking statements. The use of any\nof the words \"expect\", \"anticipate\", \"may\", \"will\", \"should\", \"believe\",\n\"intends\", and similar expressions are intended to identify forward-looking\nstatements. Forward-looking statements contained in this press release include\nour expectations with respect to the number of common shares to be purchased\nunder the NCIB over the next 12 months.\n\nWith respect to forward-looking statements contained in this press release, we\nhave made several assumptions including that the common shares will from\ntime-to-time trade below their value, that the Company will complete purchases\nof common shares pursuant to the NCIB and those described in detail in our\nManagement Discussion & Analysis and the Annual Information Form for the\nperiod ended December 31, 2025. Readers and investors are cautioned that the\nassumptions used in the preparation of such forward-looking statements,\nalthough considered reasonable at the time of preparation, may prove to be\nimprecise and, as such, undue reliance should not be placed on forward-looking\nstatements. Our actual results, performance, or achievements could differ\nmaterially from those expressed in, or implied by, these forward-looking\nstatements. We can give no assurance that any of the events anticipated will\ntranspire or occur, or if any of them do, what benefits we will derive from\nthem.\n\nBy their nature, forward-looking statements are subject to numerous risks and\nuncertainties, some of which are beyond our control, including the market\nprice of the common shares being too high to ensure that purchases benefit the\nCompany and its shareholders, impact of general economic conditions, industry\nconditions, volatility of commodity prices, stock market volatility and\nfailure to execute purchases under the NCIB. The foregoing and other risks are\ndescribed in more detail in PrairieSky’s Management Discussion & Analysis\nand the Annual Information Form for the year ended December 31, 2025 under the\nheadings \"Risk Management\" and \"Risk Factors\", respectively, each of which is\navailable at www.sedarplus.ca.\n\nFurther, any forward-looking statement is made only as of the date of this\npress release, and PrairieSky undertakes no obligation to update or revise any\nforward-looking statement or statements to reflect events or circumstances\nafter the date on which such statement is made or to reflect the occurrence of\nunanticipated events, except as required by applicable securities laws. New\nfactors emerge from time to time, and it is not possible for PrairieSky to\npredict all of these factors or to assess in advance the impact of each such\nfactors on PrairieSky’s business or the extent to which any factor, or\ncombination of factors, may cause actual results to differ materially from\nthose contained in any forward-looking statements.\n\nThe forward-looking statements contained in this press release are expressly\nqualified by this cautionary statement.\n\nABOUT PRAIRIESKY ROYALTY LTD.\n\nPrairieSky is a royalty-focused company, generating royalty revenues as oil\nand natural gas are produced from its properties. PrairieSky has a diverse\nportfolio of properties that have a long history of generating free cash flow\nand that represent the largest and most consolidated independently-owned fee\nsimple mineral title position in Canada. PrairieSky’s common shares trade on\nthe Toronto Stock Exchange under the symbol PSK.\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\n\nPrairieSky Royalty Ltd.\n\nInvestor Relations\n(587) 293-4000\n\nwww.prairiesky.com\n\nPDF available:\nhttp://ml.globenewswire.com/Resource/Download/dffdc3f3-4b2d-40a0-a06a-2f5b7a97eee4\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/66751669-9691-414a-a634-442224394be6)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2g7yqd","title":"PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid","author":"Globe Newswire","ticker":"PSK","created":"2026-06-01T21:01:00.040Z","tickers":["PSK"],"exchange":"TSX","article_body":"CALGARY, Alberta, June 01, 2026 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd.\n(\"PrairieSky\" or the \"Company\") (TSX: PSK) is pleased to announce that the\nToronto Stock Exchange (the \"TSX\") has accepted the notice of PrairieSky's\nintention to commence a normal course issuer bid (the \"NCIB\").\n\nOn April 20, 2026, PrairieSky announced its intention to seek TSX approval to\nrenew its NCIB for an additional one-year period. The NCIB allows the Company\nto purchase up to 17,554,375 common shares which represents approximately 7.6%\nof the common shares outstanding, being 232,442,555 as of May 21, 2026, and\n10% of the public float of 175,543,755 common shares which is defined as the\ncommon shares outstanding after excluding common shares beneficially owned by\ndirectors and executive officers of PrairieSky and persons who beneficially\nown or exercise control or direction over more than 10% of the issued and\noutstanding common shares of PrairieSky. The NCIB will commence on June 4,\n2026 and will expire no later than June 3, 2027.\n\nUnder the NCIB, common shares may be repurchased in open market transactions\non the TSX, and/or other Canadian alternative trading systems. In accordance\nwith the rules of the TSX governing normal course issuer bids, the total\nnumber of common shares the Company is permitted to purchase is subject to a\ndaily purchase limit of 123,171 common shares, representing 25% of the average\ndaily trading volume of common shares on the TSX calculated for the six-month\nperiod ended April 30, 2026, being approximately 492,686 common shares.\nHowever, the Company may make one block purchase per calendar week which\nexceeds the daily repurchase restriction. Any common shares that are purchased\nunder the NCIB will be cancelled by PrairieSky.\n\nThe Company believes that from time to time the market price of the common\nshares may not reflect their underlying value. The purchase of common shares\nwill increase the proportion of interest of, and be advantageous to, all\nremaining shareholders. In addition, any purchases by the Company will afford\nincreased liquidity to those shareholders of the Company who may wish to\ndispose of their common shares.\n\nPrairieSky has entered into an automatic share purchase plan with its broker\nin order to facilitate purchases of its common shares. The automatic purchase\nplan allows for purchases by the Company of its common shares at any time,\nincluding, without limitation, when the Company would ordinarily not be\npermitted to make purchases due to regulatory restrictions or self-imposed\nblackout periods. Purchases will be made by PrairieSky’s broker based upon\nthe parameters prescribed by the TSX and the terms of the parties’ written\nagreement.\n\nPrairieSky currently intends to purchase up to a maximum of 17,554,375 common\nshares to effect NCIB purchases over the next 12 months. PrairieSky purchased\n3,092,684 common shares on the TSX and other Canadian alternative trading\nsystems under its current normal course issuer bid which authorized the\npurchase for cancellation of up to 15,355,946 common shares and commenced on\nJune 4, 2025 and runs to June 3, 2026. Since instituting the normal course\nissuer bid in 2016 to March 31, 2026, PrairieSky has purchased and cancelled\nan aggregate of 23.2 million common shares at a weighted average price per\nshare of $17.81.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release contains certain forward-looking statements. The use of any\nof the words \"expect\", \"anticipate\", \"may\", \"will\", \"should\", \"believe\",\n\"intends\", and similar expressions are intended to identify forward-looking\nstatements. Forward-looking statements contained in this press release include\nour expectations with respect to the number of common shares to be purchased\nunder the NCIB over the next 12 months.\n\nWith respect to forward-looking statements contained in this press release, we\nhave made several assumptions including that the common shares will from\ntime-to-time trade below their value, that the Company will complete purchases\nof common shares pursuant to the NCIB and those described in detail in our\nManagement Discussion & Analysis and the Annual Information Form for the\nperiod ended December 31, 2025. Readers and investors are cautioned that the\nassumptions used in the preparation of such forward-looking statements,\nalthough considered reasonable at the time of preparation, may prove to be\nimprecise and, as such, undue reliance should not be placed on forward-looking\nstatements. Our actual results, performance, or achievements could differ\nmaterially from those expressed in, or implied by, these forward-looking\nstatements. We can give no assurance that any of the events anticipated will\ntranspire or occur, or if any of them do, what benefits we will derive from\nthem.\n\nBy their nature, forward-looking statements are subject to numerous risks and\nuncertainties, some of which are beyond our control, including the market\nprice of the common shares being too high to ensure that purchases benefit the\nCompany and its shareholders, impact of general economic conditions, industry\nconditions, volatility of commodity prices, stock market volatility and\nfailure to execute purchases under the NCIB. The foregoing and other risks are\ndescribed in more detail in PrairieSky’s Management Discussion & Analysis\nand the Annual Information Form for the year ended December 31, 2025 under the\nheadings \"Risk Management\" and \"Risk Factors\", respectively, each of which is\navailable at www.sedarplus.ca.\n\nFurther, any forward-looking statement is made only as of the date of this\npress release, and PrairieSky undertakes no obligation to update or revise any\nforward-looking statement or statements to reflect events or circumstances\nafter the date on which such statement is made or to reflect the occurrence of\nunanticipated events, except as required by applicable securities laws. New\nfactors emerge from time to time, and it is not possible for PrairieSky to\npredict all of these factors or to assess in advance the impact of each such\nfactors on PrairieSky’s business or the extent to which any factor, or\ncombination of factors, may cause actual results to differ materially from\nthose contained in any forward-looking statements.\n\nThe forward-looking statements contained in this press release are expressly\nqualified by this cautionary statement.\n\nABOUT PRAIRIESKY ROYALTY LTD.\n\nPrairieSky is a royalty-focused company, generating royalty revenues as oil\nand natural gas are produced from its properties. PrairieSky has a diverse\nportfolio of properties that have a long history of generating free cash flow\nand that represent the largest and most consolidated independently-owned fee\nsimple mineral title position in Canada. PrairieSky’s common shares trade on\nthe Toronto Stock Exchange under the symbol PSK.\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\n\nPrairieSky Royalty Ltd.\n\nInvestor Relations\n(587) 293-4000\n\nwww.prairiesky.com\n\nPDF available:\nhttp://ml.globenewswire.com/Resource/Download/dffdc3f3-4b2d-40a0-a06a-2f5b7a97eee4\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/66751669-9691-414a-a634-442224394be6)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-01T21:01:00.094812476Z","server_sent_at_ms":1780347660094},"received_at":"2026-06-01T21:01:00.150Z","source_url":null},"analysis":{"id":"40855","press_release_id":"51425","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":[],"eventType":"buyback","narrative":"PrairieSky Royalty received TSX approval to renew its Normal Course Issuer Bid (NCIB) for one year, commencing June 4, 2026.\n\nThe company is authorized to repurchase up to 17,554,375 common shares, representing approximately 7.6% of its outstanding shares and 10% of its public float.\n\nThis follows a current NCIB under which PrairieSky has already repurchased ~3.1 million shares; since 2016, the company has cancelled an aggregate of 23.2 million shares at a weighted average price of $17.81.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine NCIB renewal signals continued commitment to capital return and share count reduction."},"keyFigures":{"sharesOffered":17554375,"customDimensions":{"public_float":175543755,"avg_daily_volume":492686,"shares_outstanding":232442555,"daily_purchase_limit":123171,"shares_purchased_historical":23200000,"shares_purchased_current_ncib":3092684,"weighted_avg_price_historical":17.81}},"quotedText":"The Company believes that from time to time the market price of the common shares may not reflect their underlying value.","namedEntities":{"people":[],"products":[],"companies":[{"name":"PrairieSky Royalty Ltd.","ticker":"PSK","relationship":"filer"},{"name":"Toronto Stock Exchange","relationship":"regulator/exchange"}],"dollarAmounts":[{"amount":"$17.81","context":"weighted average price per share for historical buybacks"}]},"materialImpact":{"score":2,"reasoning":"Routine renewal of a Normal Course Issuer Bid (NCIB) for up to 7.6% of outstanding shares. While capital return is positive, this is a standard corporate governance action for a mature energy royalty company, not a transformative event."},"tickerRelevance":{"others":[],"primary":"PSK"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"routine_capital_return","sectorWeight":"energy","householdBrandBoost":0,"marketCapAdjustment":"neutral","retailFavoriteBoost":0}},"event_type":"buyback","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"PrairieSky Royalty received TSX approval to renew its Normal Course Issuer Bid (NCIB) for one year, commencing June 4, 2026.\n\nThe company is authorized to repurchase up to 17,554,375 common shares, representing approximately 7.6% of its outstanding shares and 10% of its public float.\n\nThis follows a current NCIB under which PrairieSky has already repurchased ~3.1 million shares; since 2016, the company has cancelled an aggregate of 23.2 million shares at a weighted average price of $17.81.","key_figures":{"sharesOffered":17554375,"customDimensions":{"public_float":175543755,"avg_daily_volume":492686,"shares_outstanding":232442555,"daily_purchase_limit":123171,"shares_purchased_historical":23200000,"shares_purchased_current_ncib":3092684,"weighted_avg_price_historical":17.81}},"named_entities":{"people":[],"products":[],"companies":[{"name":"PrairieSky Royalty Ltd.","ticker":"PSK","relationship":"filer"},{"name":"Toronto Stock Exchange","relationship":"regulator/exchange"}],"dollarAmounts":[{"amount":"$17.81","context":"weighted average price per share for historical buybacks"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-01T21:03:25.538Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap","eventGravity":"routine_capital_return","sectorWeight":"energy","householdBrandBoost":0,"marketCapAdjustment":"neutral","retailFavoriteBoost":0}},"durationMs":40776,"modelName":"george-droid-qwen-72b"}}