Royalty agreement between Silver Crown Royalties and Silver Royalty, facilitated by EDM Resources, comes to a close.
Silver Crown Royalties Completes Acquisition of Silver Royalty on Scotia Mine
Silver Crown Royalties Inc., a publicly traded silver royalty company, has announced the completion of the acquisition of a silver royalty on production from EDM Resources Inc.'s Scotia Mine in Nova Scotia. The deal, which closed in mid-August 2025, marks a significant step for Silver Crown as it expands its portfolio of precious metal assets.
Under the terms of the agreement, Silver Crown paid C$500,000 in non-dilutive capital to EDM, with C$250,000 paid at closing and the remaining C$250,000 due within 30 days. In addition, Silver Crown issued EDM 60,000 units valued at C$10 each, with each unit consisting of one common share and one warrant exercisable at C$13 for 36 months.
The royalty entitles Silver Crown to 90% of the net proceeds from silver sales each quarter, starting from commercial production at Scotia Mine. There is a minimum delivery obligation of 7,000 ounces of silver per year for 10 years, but this obligation ends once Silver Crown has received the equivalent of 50,000 ounces of silver or C$2.5 million in royalty payments, even though the royalty itself remains active for the full term.
EDM Resources Inc., a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, stated that the deal provides them with non-dilutive capital to focus on advancing the Scotia Mine towards production. For Silver Crown, the deal offers a valuable royalty position in a producing silver asset.
It is important to note that the forward-looking statements and information in this release are subject to significant business, economic, and competitive uncertainties and contingencies. Factors that could cause actual results to differ materially from those contained in forward-looking statements include, but are not limited to, general business and economic conditions, mining operations risks, accidents, equipment breakdowns, title matters, labor disputes, liability, competition, stock market volatility, regulatory restrictions, and the impact of epidemics, pandemics, or other public health crises on SCRi's business.
Readers are advised not to place undue reliance on forward-looking statements or information. The warrant associated with the acquisition has a price of C$13.00 and a period of 36 months following the date of the announcement. The forward-looking statements and information in this release are subject to significant business, economic, and competitive uncertainties and contingencies.
For further information about Silver Crown Royalties, contact Peter Bures, Chairman and CEO. The NewsWire, via QuoteMedia, provided this news release, and CBOE Canada does not accept responsibility for the adequacy or accuracy of this news release. Copyright (c) 2025 TheNewswire - All rights reserved.
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