The Conversation (0)
(TheNewswire)
 | |||||||||
 | |||||||||
TORONTO, ON, June 3, 2026 - TheNewswire Silver Crown Royalties Inc. (Cboe: SCRI,OTC:SLCRF, OTCQX: SLCRF, BF: QS0) ("Silver Crown", "SCRi", the "Corporation", or the "Company") is excited to announce that it has entered into a definitive royalty purchase agreement (the "Agreement") with the holders of two existing privately held 1% net smelter return royalties (each, a "Royalty" and together, the "Royalties") on Titiminas Silver Inc.'s (TSXV: TITI) ("Titiminas Silver") Madre Sierra deposit (the "Project") in Jauja, Peru (the "Transaction").. The Agreement provides for Silver Crown's acquisition of the Royalties for cash consideration of US$6,000,000 payable at closing of the Transaction ("Closing"), with an additional US$1,000,000 payable in cash to the holder of each Royalty upon Silver Crown's receipt of the first payment under such Royalty (for total cash consideration of up to US$8,000,000). Closing is expected to occur on or before June 30, 2026 and is subject to customary conditions precedent as well as the registration of the Royalties on title to the Project.
TRANSACTION AND ASSET HIGHLIGHTS:
-
Imminent Revenue: The Project a past producing mine with numerous surface access points and working faces targeting small scale (70-100tpd) production in Q4 2026. Titiminas Silver's target process rates are 1,000-1,100tpd in 18-24 months. SCRi anticipates the Project to be in production by Q4 and revenue contributions of around 60,000 silver ounces annually within two years.
-
Crystalize Value and Diversifying Asset Portfolio: Transaction is accretive on net asset value and per share metrics.
-
Exploration and Production Upside: Titiminas Silver controls a significant land package in a past producing polymetallic camp.
-
Funding: SCRi has over C$15 million in cash and silver bullion immediately available to fund the transaction.
"This transaction marks our first acquisition of a pre-existing royalty, at 75% of silver value (at recent market prices), the Royalties fit our ‘pure silver' approach. Having visited the site in May, we believe these royalties will have a transformative effect on SCRi with the potential to add over 60,000 ounces per annum within the next two years. Silver Crown will continue to work with Titiminas Silver to further support development at the Madre Sierra project" stated Peter Bures, Silver Crown's CEO.
ABOUT Silver Crown Royalties INC.
Founded by seasoned industry professionals, Silver Crown Royalties (Cboe: SCRI | OTCQX: SLCRF | BF: QS0) is a publicly traded silver royalty company dedicated to generating free cash flow. Silver Crown currently holds five silver royalties. Its business model offers investors exposure to precious metals, providing a natural hedge against currency devaluation while mitigating the adverse effects of production-related cost inflation. Silver Crown strives to minimize the economic burden on mining projects while simultaneously maximizing shareholder returns. For further information, please contact:
Peter Bures, Chairman and CEO
T: (416) 481-1744 | 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, the Agreement provides for Silver Crown's acquisition of the Royalties for cash consideration of US$6,000,000.00 payable at closing of the Transaction ("Closing"), with an additional US$1,000,000 payable in cash to the holder of each Royalty upon Silver Crown's receipt of the first payment under such Royalty (for total cash consideration of up to US$8,000,000.00); Closing is expected to occur on or before June 30, 2026 and is subject to customary conditions precedent as well as the registration of the Royalties on title to the Project; targeting small scale (70-100tpd) production in Q4 2026; Titiminas Silver's target process rates are 1,000-1,100tpd in 18-24 months; SCRi anticipates the Project to be in production by Q4 and revenue contributions of around 60,000 silver ounces annually within two years; Transaction is accretive on net asset value and per share metrics; and "We believe these royalties will have a transformative effect on SCRi with the potential to add over 60,000 ounces per annum within the next two years. Silver Crown will continue to work with Titiminas Silver to further support development at the Madre Sierra project" . 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 SCRI will purchase silver 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; SCRI's ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRI to its royalty interests; problems inherent to the marketability of silver 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 SCRI; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRI's business, operations and financial condition, loss of key employees. SCRI 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. SCRI 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company 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 Company 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 Company and prospective investors.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2026 TheNewswire - All rights reserved.
