Our Portfolio

Exploration Portfolio

A diversified pipeline of exploration royalties that gives shareholders long-term upside from discovery and resource growth — without the capital requirements or operating risks of mine ownership.

Highlighted Exploration Royalties

A diversified pipeline of exploration royalties gives shareholders long-term upside from discovery and resource growth — without the capital requirements or operating risks of mine ownership. Each royalty is held on a project advanced by an established operator across some of North & Latin America’s most prospective mining districts.

Dillard

Cu · Au · Ag

British Columbia, Canada

MRE / ExplorationKodiak Copper2.0% NSR

2025 mineral resource estimate of 51.9 Mt grading 0.20% Cu. A district-scale package near Highland Valley Copper, New Afton and Copper Mountain.

Los Venados

Gold

Sonora, Mexico

Operating District / ExplorationAlamos Gold2.0% NSR

Within Alamos Gold's Mulatos district, ~1–2 km from the Mulatos Mine and Puerto Del Aire. Acquired outright by Alamos in 2025.

Prospect Valley

Gold

British Columbia, Canada

ExplorationWesthaven Gold2.0% NSR

On the Spences Bridge Gold Belt, on trend from Westhaven's Shovelnose discovery. Backed by Dundee's earn-in of up to C$85M.

Willow

Cu · Au

Nevada, USA

ExplorationAbacus Mining2.0% NSR

Yerington district, adjacent to Hudbay's Mason Deposit. Minimum drilling through 2026 — leverage to U.S. copper.

Coldstream

Gold

Ontario, Canada

ExplorationGold X2 Mining0.5–1.5% NSR

East Coldstream mineral resource estimate of 18.3 Mt at 1.1 g/t Au, ~15 km from Gold X2's 190 Mt Moss Deposit.

Windfall East

Gold

Quebec, Canada

ExplorationGold Fields1.0% NSR

Urban-Barry belt, adjacent to Gold Fields' Windfall project. FID targeted H1 2026, first gold ~2029.

Destiny

Gold

Quebec, Canada

ExplorationBig Ridge Gold Corp0.5–1.0% NSR

Abitibi belt. 2025 mineral resource estimate: 6.7 Mt at 0.91 g/t (Indicated) and 28.6 Mt at 0.87 g/t Au (Inferred).

Skoonka Creek

Gold

British Columbia, Canada

ExplorationWesthaven Gold2.0% NSR

A 2.0% NSR on Westhaven Gold's Skoonka Creek property, on the Spences Bridge Gold Belt in British Columbia.

Full Portfolio

Full Exploration Royalties

The complete portfolio of exploration royalties held by Empress across North & Latin America.

North American Royalties

Property	Owner	Location	Commodity	Terms
Dillard	Kodiak Copper	British Columbia	Copper / Gold / Silver	2% NSR
Prospect Valley	Westhaven Gold	British Columbia	Gold	2% NSR
Willow	Abacus Mining	Nevada, USA	Copper / Gold	2% NSR
Coldstream	Gold X2 Mining	Ontario	Gold	0.5–1.5% NSR
Windfall East	Gold Fields	Quebec	Gold	1% NSR
Destiny	Big Ridge Gold Corp.	Quebec	Gold	0.5–1.0% NSR
Skoonka Creek	Westhaven Gold	British Columbia	Gold	2% NSR
Oxford Lake	Big Ridge Gold Corp.	Manitoba	Gold	0.5% NSR / 1% NSR
Miner Lake	Caprock Mining Corp.	Ontario	Gold	0.5% NSR / 1% NSR
Greenoaks	Caprock Mining Corp.	Ontario	Gold	0.5% NSR
Mud Lake	Caprock Mining Corp.	Ontario	Gold	0.5% NSR / 1% NSR
Empress	Gold Strike Resources Corp.	Ontario	Gold	1% NSR
Fisher	Geiger Energy Corp.	Saskatchewan	Copper / Zinc	0.5% NSR / 1% NSR
Dog Lake	Big Ridge Gold Corp.	Ontario	Gold	1% NSR
Ponderosa	AuGold Corp.	British Columbia	Gold	2% NSR
Goz Creek	Silver North Resources	Yukon	Silver	2% NSR
Tim	Silver North Resources	Yukon	Silver / Zinc / Lead	2% NSR
Ram	Long & Associates	Yukon	Gold	2% NSR

Latin American Royalties

Property	Owner	Location	Commodity	Terms
Los Venados	Alamos Gold	Mexico	Gold	2% NSR
El Encuentro	McEwen Mining	Mexico	Gold / Silver	2% NSR
Cerro Colorado	Gold Resource Corp.	Mexico	Gold / Silver	2% NSR
El Fuego	Gold Resource Corp.	Mexico	Gold / Silver	2% NSR
Caballo Blanco	Candelaria Mining	Mexico	Gold / Silver	1.5% NSR
La Bufa	Endeavour Silver Corp.	Mexico	Gold / Silver	2% NSR