Gold

Empress Royalty CEO and President Alexandra Sherron

Empress Royalty plans to build its portfolio with smart investments after securing a US$15 million accordion credit facility.

Empress Royalty (TSXV:EMPR) recently increased its royalty on the Manica gold project in Mozambique by adding US$1 million in funding after securing a US$15 million accordion credit facility from Nebari Natural Resources Credit Fund. Empress Royalty CEO Alexandra Woodyer Sherron said this will allow the company to fund more projects and increase revenue.


“We recently announced that we completed a US$15 million accordion facility with Nebari,” Woodyer Sherron said. "We've deployed US$4.5 million so far to complete the Sierra Antapite mine in Peru. We've also deployed and increased our investment in our project in Mozambique by another million dollars. So we continue to build the portfolio out."

Empress has fully funded the US$10 million gold stream agreement by making the final payment of US$2.5 million of the gold stream agreement on the Sierra Antapite mine in Peru, which is owned by private company Sierra Sun. The stream is registered and secured against the mine, plant and concessions. Sierra Sun will use Empress' investment to increase its processing capacity from 750 to 1,000 tonnes per day.

“We created this US$10 million silver stream, and we paid it in several different tranches. And then using the debt facility from Nebari, we completed the final portion of this investment. We're excited to see them get into full production capacity in the upcoming months,” she said.

“The other investment we did is we increased the one in Mozambique," Woodyer Sherron explained. "That originally was a US$2 million investment. We've increased it by another million. So we have a 3.375 percent royalty across that entire gold project with a three year mine life plan. There are two great investments using the debt facility we had from Nebari to expand and increase the portfolio.”

The company is working with mining companies that are looking for additional financing to complete construction, get into production or expand upon their production capacity. Woodyer Sherron said Empress is structuring and doing the deals by being on the site, going to the mines and protecting and de-risking the investment.

“We do have the ability to continue to build our portfolio with smart investments and de-risking them, and then we're able to get some great returns.”

Watch the full interview of Empress Royalty CEO Alexandra WoodyerSherron above.

Disclaimer: This interview is sponsored by Empress Royalty (TSXV:EMPR). This interview provides information that was sourced by the Investing News Network (INN) and approved by Empress Royalty in order to help investors learn more about the company. Empress Royalty is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Empress Royalty and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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