Gleason & Sons Increases Its Strategic Investment in Empress Royalty as Revenues Expand

Gleason & Sons LLC, based in Charlotte, NC, has significantly increased its stake in Empress Royalty by acquiring more than 3 million common shares, boosting its investment by 50%. This acquisition raises the company's total holding to approximately 9.9 million shares, making up about 8.4% of Empress's issued and outstanding shares, valued over C$3.75 million.

Stefan Gleason, managing director of Gleason & Sons, highlighted the growth and strategic advancements of Empress Royalty, citing its successful expansion in producing gold and silver royalties and streams. Gleason praised Empress's ability to leverage a substantial credit facility for expanding and diversifying its royalty holdings in a sector with limited access to royalty financing. He also commended the company for maintaining low overhead expenses while increasing revenues, net income, and payable ounces amidst a rally in gold prices.

Gleason expressed the belief that Empress Royalty is undervalued and plans for further share purchases. Gleason & Sons, a family office focusing on investments in mining royalty companies, positions itself favorably in an inflationary environment where metals prices tend to rise, while royalties provide a cushion against operational and exploration costs. The firm stated that an Early Warning filing under Canadian securities law is not yet necessary but will be once their holdings exceed 10%.