Empress Royalty (EMPR) Corporate presentation summary

Business overview and strategy

• Focuses on gold and silver royalty and streaming investments, generating cash flow from four cornerstone producing assets and a pipeline of development and exploration projects.

• Achieved record revenue of US $17M and positive operating cash flow in 2025, with 100% exposure to precious metals and disciplined capital allocation.

• Leverages a strategic partnership with Endeavour Financial for deal sourcing and evaluation, benefiting from a management team with over 250 years of experience and $8B in mining finance.

• Portfolio is globally diversified, with investments across the mining lifecycle to deliver stability, growth, and long-term optionality.

Portfolio and investment highlights

• Four cornerstone producing mines: Tahuehueto (Mexico, silver), Sierra Antapite (Peru, gold), Galaxy (South Africa, gold), and Manica (Mozambique, gold), with cumulative revenue and NAV growth.

• Investment criteria include global focus, gold and silver only, up to $25M per investment, strong management, ESG programs, and assets across the mining cycle.

• Embedded optionality through development and exploration royalties in North and South America, providing free upside from exploration success and mine-life extensions.

• Pipeline of over $50M in deals under review, with disciplined evaluation and focus on cash-generating, high-return assets.

Financial performance and valuation

• Revenue has grown from $1.8M in 2022 to $17.3M in 2026, with projections for further increases as new assets come online and commodity prices rise.

• Trades at a substantial discount to mid-cap royalty peers on price/NAV, price/cash flow, and price/revenue metrics, offering re-rating potential as revenues and assets scale.

• Market cap of C$132M (US$82M) with 137M shares outstanding and US$21M in cash and metals as of June 2026.

• Debt facility of US$20M available, with a strong shareholder base including institutional, strategic, and management ownership.