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PPX Mining Receives Remaining US$637,000 Payment From SCR Under Silver Royalty Agreement
Accessnewswire· 2025-10-16 17:00
Core Points - PPX Mining Corp. has received a payment of US$637,000 from Silver Crown Royalties Inc. as part of a silver royalty agreement [1] - The payment represents the remainder of the second and final tranche due under the agreement established on December 13, 2024, and amended on July 31, 2025 [1] - The funds will be utilized to support the ongoing construction of the carbon-in-leach and flotation plant at the Igor project in La Libertad, Peru [1]
EDM Closes Silver Royalty Sale
Newsfile· 2025-08-13 11:45
Group 1 - EDM Resources Inc. has successfully closed a silver royalty sale to Silver Crown Royalties Inc., receiving an initial payment of C$250,000 and 60,000 units in Silver Crown [1][2] - The total cash payment for the royalty is C$500,000, with the remaining C$250,000 to be paid within 30 days of closing [3] - The 60,000 units issued to EDM by SCRi are valued at C$10.00 per unit, each consisting of one common share and a warrant to purchase an additional share at C$13.00 for 36 months [4] Group 2 - SCRi operates as a silver royalty company and is listed on multiple stock exchanges, including CBOE Canada and Frankfurt [2] - The royalty agreement specifically pertains to silver production at the Scotia Mine and does not cover other minerals such as zinc, lead, gypsum, or gold [2] - EDM Resources Inc. holds full ownership of the Scotia Mine and has several exploration licenses in the surrounding regions of Nova Scotia [5]