Silver Crown Royalties Completes Offering of Subscription Receipts and Amalgamation With Reporting Issuer

Silver Crown Royalties Inc. (“Silver Crown”, “SCRi”, the “Corporation”, or the “Company”) is pleased to announce that it has closed its previously announced offering (the “Offering”) of subscription receipts (“Subscription Receipts”). Pursuant to the Offering, Silver Crown Royalties issued 7,408,600 Subscription Receipts at a price of C$0.50 per Subscription Receipt for gross proceeds of C$3,704,300 (the “Subscription Proceeds“).

Each Subscription Receipt was converted into a unit of Silver Crown (“Unit”) on June 28, 2024 upon the satisfaction of the escrow release conditions and the release of the Subscription Proceeds to Silver Crown (the “Escrow Release”). Each Unit consists of one common share in the capital of Silver Crown (“Common Share”) and one Common Share purchase warrant (“Warrant”).

Immediately following the Escrow Release, Silver Crown completed its amalgamation (the “Amalgamation”) with 1287412 B.C. Ltd. (“128”), a reporting issuer in British Columbia and Alberta, in accordance with terms of an amalgamation agreement dated May 16, 2024 (the “Amalgamation Agreement”). In accordance with the terms of the Amalgamation Agreement, the securityholders of 128 and Silver Crown became securityholders of one company that is a reporting issuer in British Columbia and Alberta (the “Resulting Issuer”). Pursuant to the terms of the Amalgamation Agreement: (i) each outstanding Common Share and Warrant was exchanged on a 20 for 1 basis (the “Exchange Ratio”) for common shares and warrants of the Resulting Issuer; and (ii) each outstanding 128 share was exchanged on a 53.5 to 1 basis for common shares of the Resulting Issuer. The Resulting Issuer will continue as Silver Crown Royalties Inc., as described in the press release dated May 16, 2024.

The Resulting Issuer has filed its initial listing statement with Cboe Canada Inc. (“Cboe”) and anticipates receipt of a conditional approval letter in the coming weeks. The Resulting Issuer anticipates listing its common shares on Cboe in Q3 2024.

Peter Bures, Silver Crown’s Chief Executive Officer, commented: “This is an exciting time for Silver Crown and its shareholders as we look to unlock value from our silver royalty portfolio as a public company. We believe a positive re-rate is possible, which will benefit our shareholders once Silver Crown starts trading amongst its peer group.”

Subsequent Financing

To further facilitate the Resulting Issuer’s growth initiatives, the Resulting Issuer will also undertake a subsequent financing (the “Subsequent Offering”) to accommodate registered accounts at a price of C$10.00 per unit (the “Subsequent Offering Units”) of the Resulting Issuer for gross proceeds of up to C$1,500,000. Each Subsequent Offering Unit consists of one common share (“Resulting Issuer Common Share”) and one warrant of the Resulting Issuer (a “Resulting Issuer Warrant”). Each whole Resulting Issuer Warrant entitles the holder thereof to purchase an additional Resulting Issuer Common Share at a price of $16.00 for a period of 3 years from closing of the Subsequent Offering. All securities issued pursuant to the Subsequent Offering will be subject to a standard four month hold.

ABOUT CBOE CANADA

Cboe Canada is Canada's Tier 1 stock exchange for the purpose-driven Innovation Economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future.

ABOUT SILVER CROWN ROYALTIES INC.

Founded by industry veterans, SCRi is a pre-IPO stage revenue-generating silver-only royalty company focusing on silver as byproduct credits. SCRi aims to minimize the economic impact on mining projects while maximizing returns for shareholders. SCRi presently has two sources of revenues and continues to build on this foundation, targeting additional operational silver-producing projects.

For further information, please contact:

Silver Crown Royalties Inc.
Peter Bures
Chairman and CEO
Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, statements with respect to the use of proceeds from the Offering, the receipt of a conditional approval letter from Cboe, the listing of the Common Shares on Cboe and the completion of the Subsequent Offering. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCR will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCR’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCR to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCR; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCR’s business, operations and financial condition, loss of key employees. SCR has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCR undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Corporation in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Corporation and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Corporation and prospective investors.

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Brixton Metals

Diversified exposure to copper, gold and silver with projects in North America

Diversified exposure to copper, gold and silver with projects in North America Keep Reading...

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Overview

Brixton Metals (TSXV:BBB,OTCQB:BBBXF,FRA:8BX1) is a Canadian mineral exploration company focused on silver, copper, gold and critical minerals across North America.

The company is currently transitioning from explorer to developer as it advances its Langis Silver Project in Ontario towards maiden mineral and tailings resource estimates. Thorn, its district-scale project in British Columbia’s Golden Triangle, remains a shared focus with three individual resource estimates expected in Q1 2027

In addition, Brixton Metals is strategically advancing non-core projects through partnerships and option agreements with companies such as Ivanhoe Electric (NYSE American:IE;TSX:IE). These partnerships provide partner-funded exploration, allowing Brixton Metals to retain upside exposure while conserving capital and strengthening its balance sheet. This approach enables the company to focus on high-impact targets while mitigating exploration risk.

Brixton Metals' mineral exploration projects overview map

Brixton Metals’ management team, led by Chairman & CEO Gary R. Thompson, brings decades of experience in resource exploration, project development, and capital markets. The team’s expertise allows the company to efficiently advance multiple projects while maintaining exposure to a diversified portfolio of metals.

In October 2026, Brixton announced the closing of its option agreement with McKnight Resources AB to acquire a 100 percent interest in the silver-focused Silvergruvan Project in Hällefors Municipality, south-central Sweden. The 1,460-hectare property sits on the western margin of the Bergslagen province. Brixton can exercise the option by issuing C$1.5 million in shares and funding C$3.3 million in exploration, with a 2 percent NSR royalty granted to McKnight upon exercise.

With global demand for copper and critical minerals set to surge over the next 25 years—driven by renewable energy, electrification, and industrial decarbonization—Brixton Metals is well positioned to capitalize on the green revolution. By combining discovery potential at its flagship project, strategic monetization of non-core assets, and disciplined exploration, Brixton Metals is advancing toward its next growth milestones while delivering significant value for investors.

Company Highlights

High-Grade Silver Project: Langis Silver Project in the historic Cobalt Mining District of Ontario, which combines the past-producing, high-grade Langis and Hudson Bay mines.
Pipeline Projects: Includes Thorn (BC, Canada), Hog Heaven (Montana, USA) and Atlin Goldfields (BC, Canada), providing diversified exposure to copper, gold and silver.
Partnerships: Strategic option agreements with tier-one partners BHP and Ivanhoe Electric provide technical validation and fund exploration on non-core projects.
Shareholder Base: Strategic investors include BHP (approx. 10.4percent) and Ivanhoe Electric.
Management Expertise: Led by co-founder Gary Thompson, the management team has an average tenure of over 25 years, showing significant stability.
Fully funded 2026 program: The company closed a C$9.1 million financing in August to ramp up its ongoing drill campaign at the Langis Silver Project to capitalize on record-high silver prices. Brixton also announced a non-brokered flow-through private placement of up to C$6 million in October, with proceeds directed to exploration and drilling at the Thorn and Langis projects.
Near-term catalyst: Brixton is anticipating a maiden mineral resource estimate on the historic tailings at Langis in Q4 2026, three mineral resource estimate on the Thorn project in Q1 2027, and a maiden mineral resource estimate at Langis in Q2 2027.

Key Projects

Langis Silver Project (Ontario, Canada)

Brixton Metals' Langis Silver Project location map

The Langis Silver Project combines the past-producing, high-grade Langis and Hudson Bay mines, which are primary silver-cobalt-nickel brownfield opportunities located in the historic Cobalt Mining District of Ontario, which has a regional production history of over 600 million ounces of silver.

Brixton Metals has actively explored these sites, with drilling at Langis yielding over 220 intervals exceeding 100 g/t silver, including high-grade intercepts such as 15,436 g/t silver and 1.98 percent cobalt between 2016 - 2022. Recent drill results included 20 m of 5,015 g/t silver, including 0.65 m of 89,125 g/t. The projects benefit from year-round road access and proximity to existing infrastructure, including a railway and the Electra Battery Metals cobalt refinery 10 km away.

Project Highlights:

Historic Mineralization: High-grade silver and cobalt intercepts in historical drilling.
Strategic Opportunity: Near term cash-flow by reprocessing historic tailings
Exploration Upside: Property hosts brownfield exploration targets with known mineralization.
Critical Minerals Exposure: Adds battery metals to Brixton Metals’ diversified portfolio.

Thorn Project (BC, Canada)

The Thorn Project covers approximately 2,945 sq km on the same geological trend as British Columbia’s Golden Triangle, a region renowned for world-class porphyry and epithermal systems. The project hosts porphyry-style alteration with copper, gold, silver, and molybdenum, with significant exploration potential. Its proximity to regional infrastructure and road access reduces logistical challenges and supports accelerated exploration programs.

Project Highlights:

Camp Creek Corridor: An 80-kilometer-long northeast-southwest trending corridor that hosts multiple underexplored porphyry-style prospects.
Trapper Target: High-grade gold intercepts demonstrate multiple vein systems with near-term resource potential.
Catalyst Target: First-ever drilling confirms copper-gold porphyry mineralization, advancing the exploration pipeline.
Tempest Target: Initial drilling reveals a multiphase porphyry system with copper-gold-silver-molybdenum mineralization and strong hydrothermal alteration.

Hog Heaven Project (Montana, USA)

Located in western Montana, Hog Heaven is a historical silver-gold-copper property with significant porphyry potential. Hog Heaven is currently under an earn-in agreement where Ivanhoe Electric can earn up to 75 percent interest through staged cash payments and exploration expenditures. This arrangement provides funding for exploration while retaining Brixton Metals’ upside exposure.

The property contains multiple mineralized zones, including historical drill targets with notable copper, gold, and silver intercepts. Ivanhoe’s initial drilling has confirmed mineralization and highlighted the project’s potential for large-scale porphyry systems. Brixton retains exposure to exploration success while de-risking development costs.

Project Highlights:

Option Agreement: Ivanhoe Electric can earn up to 75 percent through US$4.5 million in cash and US$40 million in work over 11 years. US$3.5M cash payments have been made, and approximately US$21 million has been spent on the project to date.
Mineralization: Historical drilling confirms copper, gold, and silver mineralization across multiple targets.
Exploration Focus: Targets include porphyry-style and epithermal systems.

Atlin Goldfields Project (British Columbia, Canada)

The Atlin Goldfields Project is located in northwestern British Columbia, an area historically known for placer gold production, offering strong potential for hard-rock gold discoveries.

Exploration at Atlin focused on identifying orogenic and intrusion-related gold targets, with early work confirming mineralization continuity in key areas. The property benefits from proximity to historic mining infrastructure and geology conducive to high-grade gold zones, providing an attractive exploration and growth opportunity.

Project Highlights:

Historic Production: Located near areas of historic placer gold production, indicating strong geological potential.
Exploration Targets: Focused on orogenic and intrusion-related gold deposits with high-grade potential.

Management Team

Gary R. Thompson - Chairman and CEO, President, Director

Gary Thompson is a co-founder of Brixton Metals with over 25 years of experience in the resources sector, spanning precious and base metals, oil & gas, and geothermal energy. He has led public companies since 2006 and has held senior roles in both junior and major mining companies, including Newmont Mining, NovaGold Resources, and Encana Corporation. Thompson took Cayley Geothermal public in 2006 through the acquisition of Sierra Geothermal Power and served as CEO until its acquisition by Ram Power in 2010.

Cale Moodie – CFO and Director

Cale Moodie, a co-founder of Brixton Metals, has over 15 years of public markets experience. A CPA and serial entrepreneur, he has served as founder, CEO, CFO, director, and audit committee chair for multiple publicly traded companies on the TSXV and CSE. Moodie holds a Bachelor of Science from UBC and earned his CPA designation while working at KPMG in Vancouver. He has been involved in over $150 million in financings for resource and technology companies.

Michael Rapsch – Vice President, Investor Relations

Michael Rapsch has 20 years of capital markets experience in the resource sector, including senior roles in corporate communications and corporate development. He led investor relations and marketing programs for SilverCrest Mines until its acquisition by First Majestic in 2015, and from 2015 to 2018 managed investor relations for SilverCrest Metals, owner of the Las Chispas silver-gold project in Mexico. In 2019, he founded Cologne Communications, providing investor relations consulting to publicly traded resource companies, and has been instrumental in capital raises and market communications throughout his career.

Silver bar surrounded by shiny silver nuggets on a black background.

Top 5 Canadian Silver Stocks in 2026

Silver achieved a triple-digit price in the first quarter of 2026, drawing attention to silver-mining companies.During January, the silver price reached an all-time high of US$121.62 per ounce. Although prices came down significantly in the second quarter, silver still remains above its previous... Keep Reading...

Silver Crown Royalties Completes Offering of Subscription Receipts and Amalgamation With Reporting Issuer

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Overview

Company Highlights

Key Projects

Langis Silver Project (Ontario, Canada)

Project Highlights:

Thorn Project (BC, Canada)

Project Highlights:

Hog Heaven Project (Montana, USA)

Project Highlights:

Atlin Goldfields Project (British Columbia, Canada)

Project Highlights:

Management Team

Gary R. Thompson - Chairman and CEO, President, Director

Cale Moodie – CFO and Director

Michael Rapsch – Vice President, Investor Relations

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