Welcome to our dedicated page for Empress Rty news (Ticker: EMPYF), a resource for investors and traders seeking the latest updates and insights on Empress Rty stock.
Empress Royalty Corp. reports developments tied to its gold and silver royalty and streaming business. The company builds a portfolio of precious metal investments and provides non-dilutive capital to mining companies with development and production-stage projects, with investment sourcing and mining finance support from strategic partnerships.
Recurring updates cover royalty and streaming revenue, operating results, portfolio performance, capital allocation, Management’s Discussion and Analysis amendments, board composition, business development appointments, and equity incentive grants under the company’s stock option and equity incentive plans.
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.
Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) is set to commence trading on the OTCQB Venture Market starting February 19, 2021. This marks a significant step towards expanding the company's investor reach, particularly among US investors. CEO Alexandra Woodyer Sherron highlighted that this listing is crucial for enhancing Empress's global profile. Additionally, the company plans to apply for DTC eligibility to facilitate electronic settlement of shares, which is expected to improve transaction efficiency and reduce costs for investors.