Streamex Corp. (NASDAQ: STEX) Acquires 9.9% Strategic Equity Stake in Royalty and Streaming Firm Empress Royalty Corp. Through a Premium Priced Share-for-Share Transaction at US$5.00 STEX with a Leading Institutional Investment Firm

On December 11, 2025, it was announced that Streamex Corp. (NASDAQ: STEX), a financial technology company, has acquired a 9.9% strategic equity stake in Empress Royalty Corp. Streamex acquired 12,671,297 common shares of Empress from Terra Capital Natural Resources Fund.

The transaction was a share-for-share exchange where Streamex issued 2,443,750 of its own shares at a price of US$5.00 per share. This implies an aggregate value of US$12.22 million, or approximately US$0.964 per Empress Royalty share. This represents a significant premium to Empress's recent trading price.

Both parties expressed enthusiasm for the transaction. Streamex's CEO highlighted the acquisition as a milestone in expanding into the commodities space, providing direct exposure to cash-flowing precious-metal assets that complement its strategy of tokenizing real-world assets. Terra Capital's CEO framed the deal as an alignment with the forward-thinking Streamex team, expressing excitement to be long-term partners.

The news is materially positive, providing a strong vote of confidence in Empress Royalty's asset portfolio and future, despite the nuance of a founding shareholder's exit.

• Strategic Validation at a Premium: The acquisition was executed at an implied price of US$0.964 per Empress share. Assuming a USD/CAD exchange rate of 1.35, this translates to ~C$1.30, a premium of approximately 17% over the C$1.11 closing price on December 10. A transaction of this size at a premium is a strong positive valuation signal from a new strategic investor.

• Context of Seller is Key: The seller is Terra Capital, a fund managed by Jeremy Bond. This is critical because on December 3, 2025, just eight days prior, Empress announced Mr. Bond's resignation from the board, where he served as a director and co-founder. An exiting co-founder's fund selling a 9.9% stake would typically be a major red flag. However, by structuring the exit as a direct sale to a new strategic partner rather than selling into the open market, the negative impact is largely neutralized. The positive framing from Mr. Bond helps mitigate concerns about his fund's departure. This removes a significant potential stock overhang.

• Introduction of a Fintech Partner: The buyer, Streamex, is not a traditional mining investor but a NASDAQ-listed company focused on tokenizing real-world assets. This partnership introduces a novel and potentially high-growth angle to the Empress story. It could open future avenues for innovative financing or creating new investment products based on Empress's royalty and stream portfolio, attracting a different class of investor to the company.

• Alignment with Strong Fundamentals: This strategic transaction comes on the back of a year of exceptional operational performance. Empress has consistently reported record revenue and positive operating cash flow throughout 2025, driven by its producing assets, particularly the Tahuehueto silver stream which achieved commercial production in March. The company's financial health has improved to the point where management states it can self-fund near-term growth.

In conclusion, the news successfully replaces a founding shareholder with a forward-looking strategic partner at a premium valuation. This validates the company's progress, strengthens the shareholder base, and introduces an intriguing, albeit nascent, opportunity in the digital asset space.

Empress Royalty Corp. is a growth-oriented precious metals royalty and streaming company. It provides capital to mining companies in exchange for royalties (a percentage of revenue from the mine) and streams (the right to purchase a percentage of metal production at a fixed, low cost). This model provides investors with exposure to commodity price upside with reduced exposure to operating and capital cost risks.

The company's portfolio includes four producing assets which are its flagship drivers of revenue: 1. Sierra Antapite Gold Stream (Peru): 4.5% gold stream. 2. Tahuehueto Silver Stream (Mexico): 100% silver stream, a key growth driver that reached commercial production in March 2025. 3. Manica Gold Royalty (Mozambique): 3.375% gold royalty. 4. Galaxy Gold Stream (South Africa): 3.5% gold stream. The company also holds development and exploration stage royalties.