The plant will process oxide and sulfide ore, currently mined from its high-grade
The key terms of this financing are as follows:
The royalty expires upon the delivery of 250,000 ounces of silver or five years from closing, whichever occurs later.
Starting
The Company has the option, at its sole discretion, to increase the minimum annual silver ounces delivered to 100,000, increasing the termination cap from 250,000 to 500,000 silver ounces against additional
The transaction is subject to due diligence. At commercially reasonable efforts, both parties expect to conclude due diligence by
About
About
Founded by industry veterans, SCR is a pre-IPO stage revenue-generating silver-only royalty company focused on silver as by-product credits. SCR aims to minimize the economic impact on mining projects while maximizing returns for shareholders. SCR presently has two sources of revenues and continues to build on this foundation, targeting additional operational silver-producing projects.
Contact:
Executive Chairman
Tel: 416-361-0737
Cautionary Statement
This press release contains forward-looking information and forward-looking statements (collectively, ‘forward-looking statements’) as such terms are defined by applicable securities laws, including, but not limited to statements regarding future financing and plans and / or management estimates. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business plans and financial performance and often contain words such as ‘anticipate,’ ‘believe,’ ‘plan,’ ‘estimate,’ ‘expect,’ and ‘intend,’, statements that an action or event ‘may,”might,’ ‘could,’ ‘should,’ or ‘will’ be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control, and the Company’s actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain any required regulatory approvals, if applicable. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All forward-looking statements contained in this press release are made as of today’s date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law