Empress Rty Stock Price, News & Analysis

Empress Royalty Corp. has executed a US$5 million silver stream agreement on Telson Mining's Tahuehueto project in Mexico. This Stream encompasses 100% of the payable silver production for the first 1.25 million ounces, dropping to 20% thereafter, valid for up to 10 years. The agreement is part of a larger US$25 million financing solution. Tahuehueto is 60% constructed, with initial production expected in late 2021. This strategic partnership enhances Empress's portfolio and supports near-term production, aligning with their focus on creating value for shareholders.

Empress Royalty Corp. has announced that the TSX Venture Exchange has approved the listing of up to 17,250,000 common share purchase warrants under the symbol EMPR.WT, effective March 30, 2021. Currently, 15,752,500 warrants are outstanding from a prospectus offering of 31,505,000 units that closed on March 25, 2021. Each warrant allows holders to purchase one common share at C$0.75 until March 25, 2023. The press release emphasizes the company's focus on creating financing solutions for mining operations and its strategic partnerships.

Empress Royalty Corp. (EMPYF) has successfully closed a bought deal public offering, issuing 31,505,000 units at C$0.50 per unit for total gross proceeds of C$15,752,500. This offering included a partial over-allotment option and was co-led by Red Cloud Securities and Canaccord Genuity. Additionally, the company completed a non-brokered private placement, raising C$650,000 from 1.3 million units. Proceeds will be used for acquisitions and corporate purposes. The offering remains subject to final acceptance by the TSX Venture Exchange.

Empress Royalty Corp. has announced an increased gross proceeds of C$15 million for its bought deal public offering, up from the previously planned C$12 million. The offering involves the sale of 30 million units at C$0.50 each, with each unit comprising one common share and one-half warrant, exercisable at C$0.75 for 24 months post-offering. An over-allotment option allows for an additional C$2.25 million. Funds will support acquisitions and corporate purposes, with the offering expected to close around March 25, 2021.

Empress Royalty Corp. (OTCQB:EMPYF) announced a bought deal offering of 24 million units at C$0.50 each, expected to raise C$12 million by March 25, 2021. Each unit includes one common share and a warrant exercisable at C$0.75 within 24 months. An over-allotment option for an additional 3.6 million units may increase proceeds by C$1.8 million. Funds will be allocated for acquisitions and corporate purposes. The offering is not available in the U.S. and is subject to regulatory approvals.

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) announced the filing of a technical report for its Manica Royalty Acquisition, detailing a 2.25% royalty on production from the Manica hard rock gold project in Mozambique. The report, titled "NI 43-101 Technical Report on the Fair Bride Gold Project, Mozambique - Mineral Resource Report", was prepared by Minxcon (Pty) Ltd and has an effective date of February 1, 2021. The company expects to finalize the acquisition soon and will issue additional updates thereafter.

Empress Royalty Corp. has announced that its common shares are now eligible for delivery and depository services through the Depository Trust Company (DTC), facilitating electronic settlement in the U.S. This DTC eligibility accelerates the settlement process, reduces transaction costs for brokerages, and enhances trading efficiency for investors. Empress trades on the OTCQB under the symbol EMPYF and is focused on providing financing solutions for mining companies, backed by strategic partnerships globally.

Empress Royalty Corp (TSXV:EMPR)(OTCQB:EMPYF) has provided an update on negotiations to acquire a $5M silver stream from Telson Mining's Tahuehueto project in Mexico. The stream would cover 100% of the first 1,250,000 payable ounces of silver, reducing to 20% after. Telson's project is currently 60% constructed with initial production expected in late 2021. Additionally, Empress has signed exclusivity agreements for investments totaling $12.5M in two gold producers, which could generate immediate revenue. The company is actively pursuing a $75M investment pipeline.

Empress Royalty Corp. (EMPYF) announced a 2.25% royalty agreement on production from the Manica gold project in Mozambique, operated by Mutapa Mining & Processing LDA. The agreement, valued at US$2,000,000, allows Empress to receive payments based on gold sales until 95,000 ounces are sold, after which the percentage will decrease to 0.75%. This investment marks Empress's second cash-producing project and highlights its strategic partnership with Endeavour Financial. The company aims to enhance value for shareholders through its unique royalty financing model.