Empress investor Streamex acquires 9.9% stake from TCNR

Executive Summary

• Streamex Corp. acquired a 9.9% strategic equity stake in Empress Royalty Corp., a pure-play precious metals royalty and streaming firm, through a share-for-share transaction valued at approximately $12.2 million.
• The transaction was executed at a premium share price of $5.00 USD per Streamex share, establishing demand for the stock following a previous equity financing in August 2025 priced at $3.90 USD.
• The acquisition aligns with Streamex’s strategy to integrate real-world, yield-generating commodity assets with its regulated on-chain digital infrastructure, providing direct exposure to cash-flowing gold and silver assets.

Key Details

• Transaction Structure: Streamex acquired 12,671,297 common shares of Empress Royalty Corp. in exchange for 2,443,750 restricted common shares of Streamex.
• Counterparty: The shares were acquired from Terra Capital Natural Resources Fund Pty. Ltd., a prominent institutional investor.
• Valuation: The transaction was priced at $5.00 (U.S.) per Streamex share, resulting in an aggregate transaction value of $12,218,751 (U.S.).
• Premium to Market: The $5.00 price point represents a premium to the current market price of STEX and is higher than the previous equity financing completed in August 2025, which was priced at $3.90 (U.S.) for gross proceeds of $15,023,381 (U.S.).
• Target Profile: Empress Royalty Corp. is a pure-play precious metals royalty and streaming company with a diversified global portfolio spanning producing, development-stage, and exploration-stage assets, with a focus on gold and silver.
• Strategic Rationale: The investment supports Streamex’s mission to integrate royalties and streams with modern, regulated on-chain digital infrastructure, accelerating the adoption of real-world asset tokenization.

Notable Quotes

• Jeremy Bond, CEO of Terra Capital Natural Resources Fund: "We are very pleased to complete this transaction and to align Terra Capital with the Streamex team. Streamex is building one of the most forward-thinking platforms in the real-world asset space, and we believe their vision for bringing commodity-backed assets into modern financial infrastructure is both compelling and timely. This transaction represents a strong outcome for our fund, and we are excited to be long-term partners alongside Streamex as they continue to grow their footprint in the commodities and tokenization sectors."
• Henry McPhie, CEO of Streamex: "Securing a 9.9-per-cent strategic position in Empress Royalty Corp. is an important milestone for Streamex as we advance our mission to expand deeply into the commodities space. Empress's portfolio gives us direct exposure to real, cash-flowing precious metal assets that complement our broader strategy of building institutional pathways for tokenized commodity markets. This investment strengthens our foundation as we continue developing regulated, on-chain infrastructure for a new generation of asset-backed financial products across gold, silver, royalties and streams."