Core Points - Silver Crown Royalties Inc. has signed a Letter of Intent with Kuya Silver Corp. to acquire a 4.5% royalty on silver produced from the Bethania Silver Mine in Peru [1][3] - The Bethania Silver Mine resumed production in May 2024 and was previously operational until 2016 [2] - The acquisition will involve a payment of US$3,000,000 in cash and US$2,000,000 in Silver Crown units, with each unit priced at C$6.50 [3] - Silver Crown will receive varying amounts of silver over time, starting with 4,500 ounces per quarter for the first year, increasing to 12,375 ounces per quarter for the subsequent years, before reducing to 1% royalty after 475,000 ounces [4] - The partnership is expected to significantly increase Silver Crown's annual silver revenue from 78,000 to over 128,000 ounces [5] Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [5] - The company's business model provides investors with exposure to precious metals while minimizing the impact of cost inflation associated with production [5]
Silver Crown Royalties Executes LOI with Kuya Silver for a Silver Royalty on the Bethania Silver Project