Empress Royalty (EMPR) Investor presentation summary

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 partnership with Endeavour Financial for sourcing and executing 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 revenue-generating 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, production expansion, and operational improvements at partner sites.

• NAVs for key assets: Tahuehueto ($50M), Sierra Antapite ($28M), Galaxy ($16M), Manica ($8M).

Market positioning and financials

• Trades at ~1.0x NAV, below the peer average of 1.45x, indicating re-rating potential as revenues and assets scale.

• Delivers superior cash generation per share at a fraction of industry multiples, with high-margin production.

• Market cap of US $85M, with US $19.4M in cash and metals, and US $2.1M in debt as of March 31, 2026.

• Shareholder base is 50% institutional/strategic, 40% public float, and 10% insiders.