On May 12, 2023, Silver Crown Royalties entered into a royal purchase agreement with Gold Mountain Mining Corp., where Silver Crown Royalties purchased a royalty on 45 percent of the aggregate gross proceeds of silver sold from Gold Mountain Mining’s Elk Gold Mine for initial consideration of $1,250,000 in cash and 250,000 units of SCR. On May 24, 2023, Silver Crown Royalties exercised its option to upsize the royalty to 90 percent of the aggregate gross proceeds of silver sold from the Elk Gold Mine for additional cash consideration of $1,250,000.
Silver Crown Royalties is private revenue generating pure silver royalty company focusing on silver as by product credits.
Gold Mountain Mining is gold and silver mining exploration and production company located in British Columbia.
Osler, Hoskin & Harcourt LLP advised Silver Crown Royalties with a team consisting of Patrick Sullivan, Alan Hutchison, Peter Horemans and Nicole Ladeur (Corporate).