Empress Royalty (EMPR) investor relations material

Strategic investment approach

• Focuses exclusively on gold and silver through royalties and streaming agreements, providing upfront capital for a share in future production and generating scalable, steady returns.

• Employs a disciplined, patient capital allocation strategy, targeting sustainable, long-term value creation.

• Leverages a global network and partnership with Endeavour Financial to source and execute high-value opportunities.

• Investment criteria include global focus, production or near-term producing mines, strong management, and ESG priorities.

Portfolio and asset performance

• Holds a globally diversified portfolio with four key assets: Tahuehueto (Mexico), Sierra Antapite (Peru), Manica (Mozambique), and Galaxy (South Africa).

• Achieved record revenue of US $17M and positive operational cash flow in 2025.

• Investments have enabled mine construction, expansion, and increased production capacity, directly contributing to revenue growth.

• NAV valuations as of December 2025: Tahuehueto $51M, Sierra Antapite $27M, Galaxy $16M, Manica $8M.

Value proposition and market positioning

• Royalty and streaming model delivers returns unimpeded by mining operational costs and provides a hedge against inflation.

• Outperformed both gold and gold miners ETFs, with royalty index returns of +618% since 2010.

• Trades below industry averages at ~1.0x NAV, offering re-rating potential as revenues and assets scale.

• Delivers superior cash generation per share with lean overhead and high-margin production.