Almadex Announces Completion of Sale of Royalty Interests
Almadex’s routine royalty monetization fails to offset its exploration burn rate, leaving the stock near 52-week lows.
Almadex Minerals Ltd. (DEX) has completed the sale of a portfolio of net smelter return (NSR) royalty interests to Empress Royalty Corp. The transaction, initially announced on July 10, 2026, was confirmed as closed in a release issued on August 5.
Total aggregate consideration for the deal is US$2,500,000, structured as US$1,000,000 in cash and 2,562,802 common shares of Empress Royalty Corp., which carry an agreed value of US$1,500,000. The shares are subject to a statutory hold period of four months and one day.
The sold portfolio consists of 1.5% and 2.0% NSR interests on precious and base metal projects located in British Columbia, Yukon, Nevada, and Mexico.
Almadex Minerals Ltd. (DEX) has completed a previously announced asset monetization. The transaction includes a US$1M cash component, which is immaterial relative to the company's US$7.53M cash balance as of Q3 2025. The equity portion of the deal introduces potential future dilution if Empress shares are sold post-lock-up, though it does not immediately impact Almadex's capital structure. The transaction does not alter the company's exploration strategy, drilling plans, or financial runway in a meaningful way.
Almadex Minerals Ltd. (TSX-V: DEX) is an exploration company focused on early-stage porphyry copper-gold and epithermal gold-silver projects in the Western United States and Canada. The company’s strategy centers on generative exploration, utilizing six company-owned diamond drill rigs to maintain cost efficiency.
Key projects include New Hope (AZ), Paradise (NV), Rattlesnake (AZ), Ruby Hill (NV), Red Antler (UT), Big Sky (NM), and King (CO). The company also holds a diversified portfolio of NSR royalties across Canada, the US, and Mexico, providing non-dilutive exposure to third-party exploration success.