Empress Announces Resumption of Trading
Trading resumes as Empress funds a US$62M Tongon gold stream acquisition with a new US$75M senior secured credit facility.
Rhea-AI Summary
Empress Royalty (EMPYF) will see trading in its common shares resume at market open on Friday, September 18, 2026, after a CIRO halt on September 17, 2026.
The halt followed disclosure of Empress’ US$62M acquisition, via wholly owned Empress Royalty Holding, of a gold stream on the Tongon Gold Mine in Côte d'Ivoire from Appian Tongon Streamco under a Stream Purchase Agreement. To fund this and future deals, Empress Holdings entered a US$75M senior secured credit facility with Appian Empire Loanco, with US$55M drawn at closing for the Tongon acquisition and a further US$20M available for additional royalty and stream purchases.
Positive
- US$62M upfront acquisition of a gold stream on the producing Tongon Gold Mine
- New US$75M senior secured credit facility to fund Tongon and future deals
- US$55M initial draw at closing, with an additional US$20M available
- Trading halt ends with shares scheduled to resume trading on September 18, 2026
Negative
- Empress assumes US$75M in senior secured debt under the new facility
News Explained
Empress Royalty common shares remain halted by CIRO on
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / September 17, 2026 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress" or the "Company") announces that trading in its common shares, which was halted by the Canadian Investment Regulatory Organization ("CIRO") on September 17, 2026, pending the announcement of the Company's US
As announced, the Company's wholly-owned subsidiary, Empress Royalty Holding Corp. ("Empress Holdings"), has entered into a Stream Purchase Agreement with Appian Tongon Streamco Ltd. to acquire a gold stream on the Tongon Gold Mine in Côte d'Ivoire for an upfront cash payment of US
Full details of the transaction are set out in the Company's news release dated September 17, 2026, which is available here: https://www.empressroyalty.com/news/160494.
"The Tongon gold stream will be a landmark addition to Empress' portfolio and marks our entry into West Africa, one of the world's premier gold producing regions," states Alexandra Woodyer Sherron, CEO and President of Empress. "The investment brings a significant gold stream over a large, well established producing mine, together with a strong operating partner with Atlantic Group into our portfolio and sets the stage for Empress's next chapter. We thank our shareholders for their patience during today's trading halt and encourage them to view the recording of our investor webinar for a detailed walk through of the transaction as we work toward closing."
The recording of the Company's investor webinar held today, September 17, 2026, is available here: VIEW RECORDING.
About Empress Royalty Corp.
Empress is a global royalty and streaming company providing investors with a diversified portfolio of gold and silver investments. The Company has strategic partnership with Endeavour Financial which allows Empress to not only access global investment opportunities but also bring unique mining finance expertise and deal structuring. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.
For further information, please contact:
Alexandra Woodyer Sherron
President & Chief Executive Officer
Empress Royalty Corp.
Tel: +1-604-331-2080
Email: info@empressroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate", continue", "believe", "plans", "anticipate" or similar terms.
Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may occur in the future, including those regarding the Credit Facility and the Acquisition, future growth and ability to create new streams or royalties, the development and focus of the Company , its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2025 and its other publicly filed documents under it profile a www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves.
SOURCE: Empress Royalty Corp.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How is the new US$75M credit facility structured for Empress Holdings?
The facility is a senior secured credit line with an initial draw of US$55M at closing to partially fund the Tongon gold stream acquisition, and an additional US$20M available to fund future royalty and stream acquisitions.
What does the Tongon gold stream mean for Empress’ portfolio focus?
The company describes the Tongon gold stream as a landmark addition that marks its entry into West Africa, adding exposure to a large, established producing gold mine and a partnership with Atlantic Group.