Empress Rty Stock Price, News & Analysis

Empress Royalty Corp. has secured a US$5.2 million medium-term bridge loan from Accendo Banco to finance the Sierra Antapite stream acquisition and for working capital. The loan will incur interest at 11% per annum and is to be repaid within 24 months. Additionally, the loan agreement includes an arrangement fee of US$156,000 and the issuance of 6.5 million share purchase warrants. This financing is part of Empress's strategy to expand its portfolio in precious metals, leveraging its relationships with strategic partners.

Empress Royalty Corp. (EMPYF) announced its first revenue from the Sierra Antapite gold mine in Peru, marking a significant milestone just eight months post its public listing. The company has a US$10M gold stream agreement, which involves 20% of the gold spot price for the first 11,000 ounces. The first tranche of US$5M has already been funded, securing 2.25% of the payable gold production. With a diversified portfolio of 17 precious metal investments, Empress aims to create shareholder value through strategic partnerships and a proven royalty and streaming model.

Empress Royalty Corp. has secured a US$10M gold stream agreement on the Sierra Antapite mine in Peru, marking its first revenue-generating investment. The agreement entails acquiring 4.5% of gold production for the first 11,000 ounces at 20% of the gold spot price, with a 1% share thereafter. The funds will enhance the mine's capacity from 750 to 1,000 tonnes per day. This strategic move is expected to transform Empress into a revenue-generating royalty and streaming company.

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) has amended its agreement with Endeavour Financial Ltd. to enhance funding options, including potential debt facilities and corporate mergers. The partnership aims to accelerate Empress's growth strategy through Endeavour's extensive industry network and expertise in mining finance, which includes over US$500 million in royalty finance and US$4 billion in debt finance. This strategic collaboration is expected to create value for Empress's shareholders by facilitating access to non-dilutive capital.

Empress Royalty Corp. has completed a US$5M silver stream agreement with Altaley Mining for the Tahuehueto project in Mexico, closing the final payment of US$3M. This stream covers 100% of the first 1,250,000 ounces of payable silver production, stepping down to 20% thereafter for up to ten years. The project, approximately 60% constructed, is expected to commence initial production in late 2021 and full-scale operations in early 2022. This agreement is part of a larger US$25M financing solution for Altaley, which includes equity placements and debt facilities.

Empress Royalty Corp. has engaged Venture Liquidity Providers Inc. to deliver market-making services intended to enhance liquidity in the trading of its common shares. The arrangement, costing $5,000 monthly for three months, will be executed through W.D. Latimer Co. Ltd. and is subject to TSX Venture Exchange approval. Empress focuses on creating financing solutions in the precious metals sector and holds a diverse portfolio of investments, emphasizing partnerships with entities in development and production stages.

Empress Royalty Corp. reported that Terra Capital has increased its holdings to 14,383,461 common shares, representing 13.75% of its outstanding shares. The acquisition involved 500,000 shares, up from 13,883,461, and indicates Terra Capital's confidence in Empress's growth strategy, which includes expanding its portfolio of royalties and streams. Empress is focused on creating unique financing solutions for mining companies and currently has 16 investments. This strategic move reflects positive outlooks for future valuation improvements as the company continues its growth plans.

Empress Royalty Corp. (OTCQB:EMPYF) announced a US$2M initial payment for a US$5M silver stream agreement on Telson Mining's Tahuehueto project in Mexico. The stream covers the first 1,250,000 payable ounces of silver, decreasing to 20% thereafter over a maximum of 10 years. This is part of a comprehensive US$25M financing for Telson, which includes additional equity and debt arrangements. The funds will help Telson complete its processing facility, aiming for initial production by late 2021 and full capacity in Q1 2022.

Empress Royalty Corp. (EMPYF) has closed and funded a 2.25% royalty on gold production from the Manica project in Mozambique, marking a significant milestone. The royalty agreement, executed for $2 million on February 22, 2021, is secured by MMP’s assets. Payments will be based on gold sales until 95,000 ounces are sold, after which the rate decreases to 0.75%. The Manica project includes deposits that are expected to generate revenue once construction is completed, demonstrating Empress's commitment to building revenue streams through strategic royalty agreements.