Silver Crown Royalties Completes Final Payment for 15% Silver Royalty on Peruvian Mining Project

Silver Crown Royalties Inc. has closed the final tranche of its silver royalty agreement with PPX Mining Corp. for the Igor 4 project in Peru. The company paid US$637,000 to complete the transaction, bringing the total royalty to 15% of the cash equivalent of silver produced from the Peruvian mining operation. This final payment increases the royalty by 3.9% and adds 58,500 ounces to the total payable silver, reaching an aggregate of 225,000 ounces of silver under the agreement established in December 2024 and amended in July 2025.

To date, PPX Mining has delivered 2,247 ounces of silver to Silver Crown Royalties from the total commitment. The royalty structure provides Silver Crown with exposure to silver production from the Igor Project without the operational risks associated with mining. Peter Bures, Silver Crown's Chief Executive Officer, emphasized the strategic importance of this transaction, stating that the PPX silver royalty combined with recent financing positions the company to reach positive free cash flow in 2026 without needing to access capital markets for working capital purposes.

The Igor Project is located in northern Peru's prolific gold belt, representing a significant asset in PPX Mining's portfolio. The royalty agreement follows standard industry practices where royalty companies provide upfront payments to mining operators in exchange for future production shares. This model allows Silver Crown to benefit from silver production while PPX Mining gains capital to develop and operate the mine. The transaction demonstrates the growing trend of royalty companies partnering with mining operators to share both risks and rewards in mineral development projects.

Silver Crown's business model focuses on generating free cash flow through precious metal royalties, providing investors with exposure to commodities while mitigating production-related cost inflation. The company currently holds five silver royalties in its portfolio. The completion of this final tranche represents a milestone in Silver Crown's growth strategy and strengthens its position in the silver royalty sector. The company indicated it only expects to raise capital for specific new royalty acquisitions in the foreseeable future, reflecting confidence in its current financial position and royalty portfolio.