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Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) is a global royalty and streaming creation company offering a diversified portfolio of gold and silver investments. With strategic partnerships with Endeavour Financial and Terra Capital, Empress accesses unique mining finance expertise and capital markets. Recent achievements include closing a US$5M gold stream investment in the Galaxy gold mine in South Africa and a US$28.5M Accordion Credit Facility with Nebari Gold Fund 1, LP. Empress aims to create value for its shareholders through proven royalty and streaming models.
Empress Royalty Corp. has announced the upsize of its non-brokered private placement offering, aiming to raise up to C$2,600,000 (approximately US$2,000,000). The offering is intended for evaluating royalty and streaming investment opportunities, enhancing market awareness in the U.S., and general working capital. All units are subject to a resale hold period under Canadian securities laws. The completion of the offering is pending regulatory approval, with no sales permitted in the U.S. without registration under the U.S. Securities Act.
Empress Royalty Corp. announced a non-brokered private placement offering up to 6,500,000 units at C$0.30 each, totaling a maximum of C$1,950,000 (approx. US$1,500,000). Each unit includes one common share and one warrant, priced at C$0.60 for five years. If the share price exceeds C$1.20 for 20 consecutive days, Empress may require warrant holders to exercise their rights within 30 days. The funds will be used for royalty investments, increasing U.S. market awareness, and general working capital. The offering is pending approval from the TSX Venture Exchange.
Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) announced the successful completion of the first gold pour at the Manica gold mine in Mozambique, where it holds a 3.375% royalty on gold sales. The company invested US$3M in a Royalty and Purchase Agreement, with payments based on gold revenues until 95,000 oz are sold, after which the royalty percentage will decrease. Empress expects significant revenue from this asset, which will join its other cash-flowing investments, enhancing its portfolio in the precious metals sector.
Empress Royalty Corp. has announced a significant milestone by receiving its first payable silver ounces from the Tahuehueto Mine in Durango, Mexico. This news follows a $5 million silver stream agreement executed in April 2021 with Altaley Mining Corporation. The Tahuehueto Mine, which is fully permitted, is expected to produce 2,166 ounces of gold and 37,829 ounces of silver monthly. The updated Preliminary Feasibility Study shows robust project economics with a post-tax NPV of $161.3 million and an IRR of 65%. Empress is optimistic about generating significant revenue from this asset.
Empress Royalty Corp. announced the commencement of pre-production at the Manica Gold Mine in Mozambique, in which it holds a 3.375% royalty. The CEO, Alexandra Woodyer Sherron, praised the efforts of Mutapa Mining & Processing, highlighting this milestone as a demonstration of Empress's strategic investment capabilities. Since its listing in December 2020, Empress has diversified its portfolio with 17 precious metal investments, focusing on generating value for shareholders through royalty and streaming models.
Empress Royalty Corp. announced that Altaley Mining Corp. has commenced pre-production at the Tahuehueto mine. Empress holds a 100% silver stream at this site. The recently filed Preliminary Feasibility Study reports enhanced project economics. CEO Alexandra Woodyer Sherron expressed confidence in revenue generation from the mine in Q2 2022, highlighting it as a vital investment for shareholders. Empress maintains a diverse portfolio of 17 precious metal investments and plans to continue creating value through strategic partnerships.
Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) has appointed Janet Meiklejohn as the new Chief Financial Officer. Janet, a seasoned financial executive with over 25 years of experience, has previously served in senior roles across high-growth companies and has extensive expertise in corporate finance and equity sales. She replaces Dan O'Brien, who is thanked for his contributions. This leadership change is expected to enhance Empress's business strategy and growth plans, as the company focuses on expanding its portfolio of gold and silver investments.
Empress Royalty Corp. has announced an increase in its royalty on the Manica gold project in Mozambique from 2.25% to 3.375% following an additional US$1M funding. This adjustment will result in a total expected revenue from gold sales up to 95,000 oz. The project, operated by Mutapa Mining & Processing, is set for commissioning in the second quarter of 2022. Empress aims to enhance shareholder value with this strategic investment.
Empress Royalty Corp. has successfully completed its US$10M gold stream agreement for the Sierra Antapite mine in Peru by making the final payment of US$2.5M. This investment is expected to boost Empress' revenue by 25% and facilitate the mine's production expansion from 750 to 1,000 tonnes-per-day. The company aims to enhance its portfolio through strategic partnerships and ongoing investments in the mining sector, showcasing its commitment to creating long-term value for shareholders.
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