Empress Rty Stock Price, News & Analysis

Empress Royalty Corp. has successfully upgraded its common shares to trade on the OTCQX Best Market under the symbol EMPYF, transitioning from OTCQB. CEO Alexandra Woodyer Sherron emphasized that this upgrade enhances visibility, liquidity, and capital access for US investors. The OTC Markets Group requires companies to meet strict financial and governance standards for OTCQX eligibility. Since its December 2020 listing, Empress has built a diverse portfolio of 17 precious metal investments, focusing on providing non-dilutive capital to mining companies.

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) has successfully closed the second tranche of its non-brokered private placement, raising an additional US$1M. The total funds raised amount to US$2M, equivalent to C$2.6M, from the sale of 8,666,666 Units priced at C$0.30 each. Proceeds will be used to explore new investment opportunities and enhance market awareness. The offering includes a related party transaction with an insider, exempt from formal valuation requirements. The common shares and warrants will be subject to a resale hold period under Canadian laws.

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) has completed the first tranche of its US$2M private placement, raising US$1M by issuing 4,350,000 units at C$0.30 each with investor Rick Rule. The final tranche is anticipated to close soon. The funds will be used for evaluating royalty and streaming investment opportunities, boosting U.S. market awareness, and general working capital. The offering is subject to exchange approval and will not be registered under U.S. securities laws.

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.