Mr. Peter Bures reports
SILVER CROWN ROYALTIES COMPLETES THIRD 1% NSR TITIMINAS ROYALTY ACQUISITION
Silver Crown Royalties Inc. has completed the previously announced acquisition of a third existing privately held 1-per-cent net smelter return (NSR) royalty on Titiminas Silver Inc.'s Madre Sierra deposit in Jauja, Peru, further to its news release dated Sept. 3, 2026.
Under the terms of the acquisition, Silver Crown acquired the royalty for cash consideration of $2-million (U.S.) paid at closing, plus $1-million (U.S.) satisfied through the issuance of 38,401 units of Silver Crown, with each unit comprising one common share of Silver Crown and one-half of one common share purchase warrant, issued at a price per unit equal to the volume-weighted average trading price of the common shares on Cboe Canada for the five trading days immediately preceding the date of the definitive royalty purchase and sale agreement dated Sept. 2, 2026. Each whole warrant entitles the holder to acquire one common share at an exercise price equal to 150 per cent of the closing issue price for a period of 24 months following closing.
In addition, Silver Crown will pay up to $1-million (U.S.) of contingent consideration, to be satisfied through the issuance of additional units on the same one-share-and-one-half-warrant basis, payable upon Silver Crown's receipt of the first royalty payment under the royalty following not less than 30 days of continuous production at the project at a rate of at least 70 tonnes per day. Any such units will be issued at a price per unit equal to the five-trading-day volume-weighted average trading price of the common shares immediately preceding that trigger date, with each whole warrant exercisable at 150 per cent of such price for a period of 24 months following the trigger date.
All securities issued in connection with the acquisition were issued on a prospectus-exempt basis, subject to applicable statutory hold periods and resale restrictions, and were approved for issuance by Cboe Canada. The royalty is registered on title to the project and registration of the assignment of the royalty to Silver Crown will follow in the ordinary course.
About Silver Crown Royalties Inc.
Founded by seasoned industry professionals, Silver Crown Royalties is a publicly traded silver royalty company dedicated to generating free cash flow. Silver Crown currently holds eight silver royalties. Its business model offers investors exposure to precious metals, providing a natural hedge against currency devaluation while mitigating the adverse effects of production-related cost inflation. Silver Crown strives to minimize the economic burden on mining projects while simultaneously maximizing shareholder returns.
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