Empress Announces Acquisition of North American Royalty Portfolio

Empress Royalty Corp. (EMPR) has entered into a Royalty Purchase Agreement to acquire 14 pre-production net smelter return (NSR) royalties from Almadex Minerals Ltd. The total consideration for the transaction is US$2.5 million, funded through US$1.0 million in cash and the issuance of 2,562,802 common shares, valued at a deemed price of C$0.83 per share.

The acquired portfolio spans Canada, the United States, and Mexico, covering assets operated by Westhaven Gold, Kodiak Copper, Silver North Resources, Abacus Mining, Alamos Gold, McEwen Inc., Gold Resource Corporation, Candelaria Mining, Endeavour Silver, and Long & Associates. All 14 assets are currently in the pre-production stage, carrying typical development-stage risks while offering leveraged upside potential as operators advance their projects.

Key near-term catalysts include Westhaven’s potential 60% earn-in by Dundee Corporation, Kodiak’s updated resource estimate scheduled for Q1 2027, Alamos’ underground development at Puerto Del Aire expected in mid-2027, and McEwen’s restart of the El Gallo project also targeted for mid-2027. The transaction is expected to close before August 31, 2026, subject to approval from the TSX Venture Exchange and other customary conditions. The shares issued as part of the consideration carry a 4-month, 1-day hold period.

Empress Royalty Corp. (EMPR) has completed a strategic pipeline acquisition, purchasing 14 pre-production royalties for $2.5 million. This transaction represents less than 13% of the company’s liquid assets, which stand at approximately $19.4 million in cash and metal holdings. The deal involves modest dilution of roughly 2.0% of outstanding shares and is subject to a statutory hold period, limiting immediate market impact.

Because all 14 royalties are pre-production, the acquisition generates zero near-term earnings or GEO accretion. The move is purely optionality-driven, serving as a routine and expected pipeline expansion for the royalty company. The announcement does not alter the near-term catalyst timeline, coming as the stock has declined approximately 35% from its 52-week high.

Empress Royalty Corp. (EMPR) is a pure-play precious metals royalty and streaming company focused on small to mid-tier producers across North America. The business model centers on acquiring early-stage or near-production royalties and streams, retaining physical metals for direct commodity exposure, and funding future growth through operating cash flow. The portfolio includes producing assets, such as the Luca silver stream and Galaxy mine royalties, as well as development-stage projects, providing a blend of current cash flow and long-term optionality.