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Empress Royalty Corp. is pleased to provide an update on its ongoing negotiations with Telson Mining Corp for the potential acquisition of a silver stream on the Tahuehueto project in Mexico, as well as an update on recent developments. in Advancement of the Empress Royalty “We are delighted to provide this update on the progress of Empress,” said Alexandra Woodyer Sherron,…
Empress Royalty Corp. (TSXV: EMPR) (OTCQB: EMPYF) (“Empress” or the “Company”) is pleased to provide an update on its ongoing negotiations with Telson Mining Corp (“Telson”) for the potential acquisition of a Silver Stream on the Tahuehueto project in Mexico, as well as, providing an update on recent developments in advancing Empress’s royalty and flow investment pipeline
“We are delighted to provide this update on the progress of Empress”, said Alexandra Woodyer Sherron, CEO and President of Empress. “Since listing on TSXV two months ago, Empress has continued to create and identify investment opportunities in cash-generating assets and to develop its unique business strategy in the royalty and streaming industry.
TAHUEHUETO MONEY FLOW NEGOTIATIONS
Empress is now in advanced talks to acquire a US $ 5 million cash flow (the “Flux“) On the production of the Tahuehueto project in Telson in Mexico. The flow should be sure 100% of Tahuehueto’s payable silver production for the first 1,250,000 payable ounces; thereafter, the percentage will increase to 20% of the production of payable money. A non-binding condition sheet outlining the main terms of the proposed transaction has been signed and the negotiation of binding agreements is well advanced. Management is optimistic that the binding agreements will be finalized and signed, and the transaction will advance to closing in the coming weeks and provide further updates as appropriate. Telson announced that his Tahuehueto project is about 60% built, with an initial production forecast for the end of 2021 and a full-scale production forecast for the beginning of 2022. For more information, please visit the website from Telson Mining for more information (www.telsonmining.com).
EMPRESS INVESTMENT PIPELINE – RECENT DEVELOPMENTS
Empress recently signed exclusivity agreements with two gold producers, both of which continue to exemplify Empress’s portfolio building strategy. The first agreement is for the creation of a gold stream and a set of royalties and the second is for the creation of a gold stream. Both proposed investments are subject to the completion of due diligence and the negotiation and execution of binding agreements.
The first opportunity concerns the potential investment of US $ 10,000,000 in a South American gold producer, which, according to the producer, will allow it to increase its production by a third. Since this mine is currently in production, this investment should immediately generate income for Empress if the opportunity can be seized.
The second opportunity involves a potential investment of US $ 2,500,000 in an African gold producer, which the producer says will facilitate doubling of existing production. Again, if this opportunity can be secured, the investment should translate into immediate income for Empress as the mine is already in production.
As noted, both of these potential deals are currently in the due diligence stage, with Empress performing technical and financial reviews, and there can be no assurance that either will result in a binding agreement. Further announcements will follow if any of the opportunities go through the deal stage.
In addition to the exciting opportunities above, Empress has an active pipeline of US $ 75 million of potential short-term production and production investment opportunities.
ABOUT Empress Royalty Corp.
Empress is a new precious metals royalties and streaming company focused on creating unique financing solutions for mining companies. Empress has a portfolio of 15 investments and is actively focused on finding industrial partners with development and production projects that require additional non-dilutive capital. The Company has strategic partnerships with Endeavor Financial in London, Terra Capital in Australia and Accendo Banco in Mexico which allow Empress not only to access global investment opportunities, but also to bring unique financing expertise. mining, transaction structuring and access to financial markets. Empress looks forward to continuously creating shareholder value through proven royalty and streaming models.
ON BEHALF of Empress Royalty Corp.
By: Alexandra Woodyer Sherron, CEO and President
For more information, please visit our website at www.empressroyalty.com or contact Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or by email at [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains statements about Empress’s expectations regarding the Alliance Agreement that are forward-looking and, therefore, are subject to certain risks and uncertainties. In general, forward-looking statements can be identified by the use of forward-looking terms such as “expects”, “believes”, “expects”, “aims”, “foresees” or “intends” or variations of these words. . and sentences or statements indicating that certain actions, events or results “will happen”. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, they should not be relied upon because actual results may differ materially from forward-looking statements. Factors that could cause actual results to differ materially from those of forward-looking statements include the failure of Empress to identify appropriate investment opportunities, or be able to perform technical, financial or legal due diligence. regarding investment opportunities that it has identified, or able to negotiate and enter into binding agreements for royalties or flow agreements with potential counterparties. Readers are urged to consult the risk factors and contained in Empress’s latest annual information form for a description of the principal risks affecting Empress, its business and its holdings. The forward-looking statements contained in this press release are made as of the date hereof, and Empress assumes no obligation to publicly update or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information
SOURCE: Empress Royalty Corp.
See the source version on accesswire.com:
https://www.accesswire.com/632561/Empress-Provides-Update-on-Tahuehueto-Silver-Stream-Negotiations-and-Portfolio-Creation-Initiatives
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