Silver Crown Royalties Closes Final Tranche Of Silver Royalty On PPX Mining's Igor 4 Project

Executive Summary

• Silver Crown Royalties Inc. completed the final tranche of its silver royalty with PP X Mining Corp., paying US$637,000 to increase the royalty to a total of 15% of cash‑equivalent silver production at the Igor Project.
• The additional royalty adds 58,500 ounces, bringing the aggregate payable amount to 225,000 ounces; PP X has already paid 2,247 ounces under the agreement.
• Management indicated that the combined effect of this royalty and a recently closed financing positions the company to achieve positive free cash flow in 2026 without further capital‑market fundraising.

Key Details

• Final Tranche Payment: US$637,000 paid in cash to PP X Mining Corp. on October 16 2025.
• Royalty Increase: Additional 3.9% of cash‑equivalent silver production, raising the total royalty to 15%.
• Additional Ounces Payable: 58,500 ounces, increasing aggregate payable silver to 225,000 ounces.
• Cumulative Payments Received from PP X (to date): 2,247 ounces of silver.
• Agreement Dates: Original royalty agreement dated December 13 2024; amendment on July 31 2025.
• Strategic Impact: CEO Peter Bures stated the royalty and recent financing together enable Silver Crown to target positive free cash flow in 2026 without needing additional working‑capital market access, with future capital raises limited to new royalty acquisitions.

Notable Quotes

“The PPX silver royalty together with the recently closed financing positions us to reach positive free cash flow in 2026 without the need to access the capital markets for working capital purposes. We only expect to raise capital for specific new royalties during the foreseeable future.” – Peter Bures, CEO