Empress Royalty Signs $3 Million Gold and Silver Royalty Agreement

Empress Royalty Corp. announced a binding term sheet to acquire a 5% royalty from Milford Mining Company Utah, LLC. The agreement involves gold and silver production from the Milford Copper Mine in Utah for $3 million.

This marks Empress's first U.S. royalty and aligns with their existing precious metal portfolio. The Milford Mine, acquired by Milford Mining in 2023, aims to enhance production and infrastructure efficiency.

Key terms include a 5% royalty on gold and silver sales until Empress receives $12 million. The deal requires a definitive agreement and is subject to standard conditions.

Empress intends to use its current cash reserves for the investment, anticipating future growth and supporting Milford Mining's expansion plans.