Silver Crown closes $4.5-million private placement

• Silver Crown Royalties Inc. closed a non-brokered private placement of 321,429 common shares for gross proceeds of $4.5 million.
• The offering price was set at $14.00 per share, representing a premium to market prices referenced in the prior announcement (April 10 close).
• Strategic investor Michael Gentile subscribed for 219,150 shares, increasing his partially diluted ownership stake from approximately 16.5% to just under 20%.
• Proceeds are designated for acquiring identified accretive silver royalties and general working capital.
• Post-closing cash position is reported at approximately $14.2 million, which includes the market value of 15,000 ounces of silver bullion held on the balance sheet.
• The transaction was fully allocated with no finder's fees payable by the corporation.

• Confirmation of Liquidity: The closing confirms the execution of the financing announced on April 13, 2026. While positive for liquidity, the terms were public two days prior, limiting immediate surprise factor.
• Investor Confidence: Michael Gentile's significant increase in stake to nearly 20% serves as a strong vote of confidence from a sophisticated mining investor, validating management's valuation thesis.
• Valuation Signal: The $14.00 offering price implies management believes the stock is undervalued relative to its asset base and future royalty cash flows, particularly given the premium pricing.
• Dilution Impact: Issuance of 321,429 shares represents a modest dilution (~6% increase in share count) but is mitigated by the premium price paid, which adds capital without excessive equity erosion compared to market-priced offerings.
• Routine Nature: As this is the closing confirmation of a previously announced deal, it falls under Routine - Positive rather than Material - Positive, as the market had already priced in the financing terms and investor participation during the April 13 announcement window.

• Company: Silver Crown Royalties Inc. operates as a royalty and streaming company focused on silver assets in Canada.
• Flagship Project: The portfolio is diversified across five royalties, with the PPX Mining Corp.'s Igor 4 Project being the most significant near-term revenue driver (15% cash-equivalent silver royalty).
• Portfolio Composition: Includes royalties on PPX Mining (Igor 4), EDM Resources (Scotia Mine), Pilar Gold (PGDM Complex), Elk Resources (Gold Mountain), and BacTech.
• Development Status: The company is in an acquisition phase, moving from exploration-stage assets to producing royalty streams. Igor 4 is approaching production with minimum payment obligations starting March 2026.