Scully Royalty, established in 1956, has evolved from its inception as the leaseholder of the Scully Iron Ore mine in Newfoundland and Labrador, Canada. Having celebrated significant milestones and achievements over the years, the company has demonstrated stable revenue generation and a commitment to enhancing shareholder value. With a lease agreement in place until 2055, Scully Royalty continues to focus on maximizing earnings through its iron ore royalty interest, ensuring long-term sustainability and profitability.

Scully Royalty's history is marked by key milestones that reflect its growth and value creation. In 2019, the company became the leaseholder of the Scully Iron Ore mine, re-commencing mining operations and achieving its first seaborne vessel shipment of iron ore concentrate. By 2024, the mine reached a production capacity of six million tonnes per annum, producing premium iron ore exceeding 65% Fe content. Looking towards the future, Scully Royalty is committed to maximizing earnings and enhancing shareholder value until the lease agreement concludes in 2055.

Scully Royalty's involvement with the Scully Iron Ore mine serves as a notable case study in sustainable revenue generation and shareholder value enhancement. The success of re-commencing mining operations and achieving significant production capacity highlights the company's ability to drive growth and create lasting value. By focusing on premium iron ore production and maximizing earnings through royalty interests, Scully Royalty has established a strong foundation for long-term sustainability.

Over the years, Scully Royalty has witnessed key events that have shaped its trajectory towards growth and success. From the initial lease agreement in 1956 to the re-commencement of mining operations in 2019 and the achievement of a production capacity of six million tonnes per annum by 2024, the company has consistently demonstrated its commitment to value creation. Recent developments, such as the passing of director Indrajit Chatterjee, serve as reminders of the company's resilience and dedication to its stakeholders amidst challenges and milestones.