Empress Royalty Secures First U.S. Gold and Silver Royalty

Empress Royalty ( (TSE:EMPR) ) just unveiled an announcement.

Empress Royalty Corp. has executed a binding term sheet with Milford Mining Company to purchase a 5% royalty on gold and silver production from the Milford Copper Mine in Utah for $3 million. This marks Empress’s first U.S. royalty, enhancing its portfolio of precious metal royalties and streams. The transaction is expected to support Milford Mining’s expansion plans to meet rising copper demand, while Empress anticipates funding the investment from existing resources, reflecting its disciplined capital allocation strategy.

Spark’s Take on TSE:EMPR Stock

According to Spark, TipRanks’ AI Analyst, TSE:EMPR is a Outperform.

Empress Royalty exhibits strong revenue growth and a return to profitability, supported by positive corporate events such as new production milestones and strategic expansion plans. While technical indicators show upward momentum, valuation concerns and potential liquidity issues require cautious optimism.

To see Spark’s full report on TSE:EMPR stock, click here.

More about Empress Royalty

Empress Royalty Corp. is a global royalty and streaming creation company that provides investors with a diversified portfolio of gold and silver investments. The company focuses on investing in mining companies with development and production stage projects that require additional non-dilutive capital. Empress has strategic partnerships with Endeavour Financial and Terra Capital, offering access to global investment opportunities and mining finance expertise.

YTD Price Performance: 88.41%

Average Trading Volume: 146,667

Technical Sentiment Signal: Buy

Current Market Cap: C$77.08M

For a thorough assessment of EMPR stock, go to TipRanks’ Stock Analysis page.