Silver Crown Issues New Regulation
In a news release provided by TheNewsWire via QuoteMedia, Silver Crown Royalties Inc. (SCRi) has announced an amendment to its silver royalty agreement with PPX Mining Corp. regarding the Igor Project.
Under the updated capital deployment structure, the second tranche payment of US$1,470,000 has been divided into two installments. Silver Crown Royalties Inc. has paid the first portion of US$833,000 and will pay the remaining US$637,000 by December 31, 2025.
This amendment changes the capital deployment structure of the second tranche of the purchase price for the silver royalty. As a result, SCRi's royalty percentage and total payable ounces have increased. The royalty now stands at 15%, and the total payable ounces have increased by 76,500 ounces to an aggregate total of 166,500 ounces.
The commencement date for the quarterly minimum silver royalty payments has been deferred to March 31, 2026. This deferral aligns with the operational timeline of PPX’s Igor Project metallurgical plant, ensuring payments commence when production becomes feasible.
The reader is cautioned that this news release contains forward-looking statements, and readers are advised not to place undue reliance on these statements. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, but there may be other factors that cause results not to be as anticipated.
Silver Crown Royalties Inc. is a publicly traded silver royalty company. For more information, contact Silver Crown Royalties Inc. at Telephone: (416) 481-1744 or Email: [email protected].
The 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 offering of securities will be made only pursuant to subscription documentation between the Company and prospective purchasers.
The document does not accept responsibility for the adequacy or accuracy of this news release. The document is copyrighted by TheNewswire in 2025. The residual amount owing to SCRi is anticipated to be paid by Elk Gold on or before March 31, 2025. Upon payment of the remaining US$637,000, an additional 58,500 ounces will be added, bringing the total to 225,000 ounces. The payment of the first US$833,000 of the second tranche payment increases Silver Crown Royalties' royalty to 11.1% of the cash equivalent of the silver produced at the Igor Project.
The reader is also cautioned that such information may not be appropriate for other purposes. The document does not accept responsibility for the adequacy or accuracy of this news release.
The financial aspect of this amendment involves a change in the capital deployment structure for the second tranche of the purchase price for the silver royalty in the business deal between Silver Crown Royalties Inc. (SCRi) and PPX Mining Corp. Regarding the Igor Project.
SCRi, being a publicly traded silver royalty company, has a dependency on the business sector, with the royalty percentage and total payable ounces affected by these financial adjustments.
