Northwire Canada EditionThursday, August 6, 2026
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M&A / Property Neutral

Almadex completes royalty interest sale to Empress

Almadex sells an NSR interest for modest cash, capping long-term royalty upside.

By The Northwire Desk — AI Analysis Aug 06, 2026 · 05:58 DEX · 0.4 Almadex Minerals Ltd.
Executive Summary

Almadex Minerals Ltd. (DEX) completed the sale of a portfolio of net smelter return (NSR) royalty interests to Empress Royalty Corp. on August 6, 2026. The transaction, which follows an announcement on July 10, 2026, closed after customary conditions were met, including approval from the TSX Venture Exchange.

The total aggregate consideration for the deal is $2.5 million USD, structured as $1.0 million USD in cash and 2,562,802 common shares of Empress Royalty Corp. valued at $1.5 million USD. The Empress shares issued to Almadex are subject to a statutory hold period of four months and one day from issuance.

The sold portfolio consists of 1.5% and 2.0% NSR interests on precious and base metal projects located in Canada (British Columbia, Yukon), the United States (Nevada), and Mexico.

Material Impact

Almadex Minerals Ltd. (DEX) completed a transaction that provides immediate liquidity of $1 million USD in cash while granting a non-cash equity stake in Empress Royalty. This move extends the company’s exploration runway without diluting Almadex’s share count. However, the deal reduces future royalty income streams, effectively capping long-term leverage to commodity price upside on the sold properties.

DEX · Price
Company Overview

Almadex Minerals Ltd. (DEX) operates as a prospect generator, focusing on large metal endowments in porphyry, epithermal, and related copper, gold, and silver deposits. Its portfolio spans the Western United States, including Nevada, Utah, Arizona, Colorado, and New Mexico, as well as Canada’s Yukon and British Columbia. Key projects include New Hope in Arizona, Paradise in Nevada, and Rattlesnake in Arizona, alongside various optioned properties such as Pilot, Confusion Hills, and Red Ring. The company utilizes in-house portable diamond drill rigs to conduct cost-effective first-pass drilling programs.

Read the original news release →

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