Empress Royalty Corp (EMPR)

Empress Announces Acquisition of North American Royalty PortfolioJuly 10, 2026 7:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / July 10, 2026 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress" or the "Company") is pleased to announce it has entered into a Royalty Purchase Agreement (the "Agreement") with Almadex Minerals Ltd. ("Almadex") for the acquisition of a portfolio of fourteen (14) pre-production net smelter return ("NSR") royalties from Almadex. The portfolio includes royalty interests on mineral properties in Canada, the United States and Mexico."By acquiring these royalties at an early stage, we are expanding Empress' pipeline of future royalty opportunities while maintaining our disciplined approach to capital allocation," stated Alexandra Woodyer Sherron, CEO and President of Empress. "This portfolio gives Empress exposure to fourteen royalties across North America. We see potential upside across a number of these projects and believe this acquisition meaningfully expands our pipeline of future royalty interests. Our strengthened balance sheet and increased financial flexibility now allow us to selectively pursue opportunities like this when they offer compelling long-term value. While our primary investment focus remains on producing and near-term producing precious metal royalties and streams, we will continue to capitalize on exceptional opportunities that complement our portfolio and have the potential to generate significant long-term shareholder value."The portfolio provides diversified exposure across three premier mining jurisdictions. Supported by well-funded operators including Alamos Gold, McEwen Mining, Kodiak Copper and Westhaven Gold, the portfolio includes projects with active exploration and development programs as well as clear medium to long-term project catalysts. The royalty interests provide long-term optionality and upside potential without requiring additional capital commitments from Empress. The projects to which Empress will hold a royalty have the potential to benefit from district-scale exploration, operator-driven project advancement, and jurisdictional strength.Key Portfolio HighlightsProspect Valley Royalty and Skoonka Creek Royalty (British Columbia, Canada)Prospect Valley Royalty and Skoonka Creek Royalty (British Columbia, Canada) - The Prospect Valley Royalty and Skoonka Creek Royalty each consist of a 2.0% NSR covering Westhaven Gold Corp.'s ("Westhaven") 100%-owned Prospect Valley and Skoonka Creek projects, respectively, located within the Spences Bridge Gold Belt in southern British Columbia. The projects form part of Westhaven's district-scale land package, where Westhaven controls more than 60,000 hectares prospective for epithermal gold mineralization. In February 2026, Westhaven completed a strategic earn-in agreement with Dundee Corporation ("Dundee"), under which Dundee may earn up to a 60% interest in the four-project district by funding up to C$85M in staged project expenditures, including a firm commitment to invest C$30M during the initial phase (Westhaven Press Release dated February 23, 2026). The partnership combines Dundee's financial commitment with Westhaven's experienced leadership and technical team and is expected to accelerate exploration and development across the district (Westhaven Press Release dated February 23, 2026). Continued exploration success at Westhaven's flagship Shovelnose Gold Project and the broader Spences Bridge Gold Belt has the potential to enhance the long-term value of the Prospect Valley and Skoonka Creek royalties.Dillard Royalty (British Columbia, Canada) - The Dillard Royalty is a 2.0% NSR covering mineral claim 249368, which forms part of Kodiak Copper Corp.'s ("Kodiak") 100%-owned MPD Copper-Gold Project ("MPD") in southern British Columbia. The MPD Project is a district-scale copper-gold porphyry system comprising multiple mineralized zones across a large, consolidated land package. In January 2026, Kodiak announced its inaugural NI 43-101 mineral resource estimate for MPD, which included the Dillard deposit as one of seven resource areas (Kodiak Press Release dated January 23, 2026). The Dillard Royalty provides Empress with exposure to an exploration project operated by an experienced management team with a track record of discovery and value creation. Kodiak announced that its 2026 drill program is targeting further resource expansion at Dillard, with an updated mineral resource estimate anticipated in Q1 2027. Continued drilling, resource growth and advancement of the broader MPD Project have the potential to enhance the long-term value of the royalty.Los Venados Royalty (Sonora, Mexico) - The Los Venados Royalty is a 2.0% NSR covering the Los Venados property, located within Alamos Gold Inc.'s ("Alamos") producing Mulatos District in Sonora, Mexico. Los Venados is strategically located approximately one to two kilometres from the Mulatos open pit mine and near the high-grade Puerto Del Aire ("PDA") underground development project, which is expected to begin production in mid-2027 (Alamos Gold Press Release dated September 4, 2024). The Mulatos District is a long-established gold-producing district with existing infrastructure, multiple mineralized zones and significant exploration potential. In 2025, Alamos consolidated ownership of Los Venados through its subsidiary, Minas de Oro Nacional, further integrating the property into its broader Mulatos District growth strategy (Aloro Mining Press Release dated May 7, 2025). Alamos has announced that its ongoing district-wide exploration program is focused on identifying additional higher-grade mineralization that could support future mill feed for PDA and extend the long-term production profile of the Mulatos District. Continued exploration success and advancement of PDA have the potential to enhance the long-term value of the Los Venados Royalty.El Encuentro Royalty (Sinaloa, Mexico) - The El Encuentro Royalty is a 2.0% NSR covering McEwen Inc.'s ("McEwen") El Encuentro project, located approximately 10 kilometres from McEwen's El Gallo gold-silver complex in Sinaloa, Mexico. El Encuentro is situated in a productive gold-silver belt and covers an area of hydrothermal alteration and gold-silver mineralization, providing Empress with exposure to potential future growth within McEwen's broader regional land package. McEwen has disclosed that it is advancing the restart of the El Gallo complex through a phased redevelopment strategy, with construction targeted to begin in mid-2026 and Phase 1 gold production targeted for mid-2027 (McEwen Press Release dated December 16, 2025). The project benefits from proximity to established mining infrastructure and an experienced operator in Mexico. Continued advancement of the El Gallo restart and future regional exploration have the potential to enhance the long-term value of the El Encuentro Royalty.Willow Royalty (Nevada, United States) - The Willow Royalty is a 2.0% NSR covering Abacus Mining & Exploration Corp.'s ("Abacus") 100%-owned Willow copper-gold property, located within the Yerington copper district in Nevada, one of North America's premier porphyry copper belts. The project is prospective for copper-gold porphyry mineralization and has been advanced through geological, geochemical and geophysical surveys, together with drilling that intersected the Luhr Hill granite, the host rock associated with known porphyry copper deposits in the district (Abacus Press Release dated October 28, 2021). Continued exploration and drilling have the potential to enhance the long-term value of the Willow Royalty.Royalty PortfolioPropertyJurisdictionOperator / OwnerCommodityTermsProspect ValleyBC, CanadaWesthaven Gold Corp.Gold2.0% NSRSkoonka CreekBC, CanadaWesthaven Gold Corp.Gold2.0% NSRDillardBC, CanadaKodiak Copper Corp.Copper/Gold2.0% NSRPonderosaBC, CanadaAuGold Corp.Gold/Silver2.0% NSRGoz CreekYukon, CanadaSilver North Resources Ltd.Zinc/Lead/Silver2.0% NSRTimYukon, CanadaSilver North Resources LtdSilver/Zinc/Lead2.0% NSRWillowNevadaAbacus Mining & Exploration Corp.Copper/Gold2.0% NSRLos VenadosSonoraAlamos Gold Inc.Gold/Silver2.0% NSREl EncuentroSinaloaMcEwen Inc.Gold/Silver2.0% NSRCerro ColoradoOaxacaGold Resource CorporationGold/Silver2.0% NSREl FuegoOaxacaGold Resource CorporationGold/Silver2.0% NSRCaballo BlancoVeracruzCandelaria Mining Corp.Gold/Silver1.5% NSRLa BufaChihuahuaEndeavour Silver Corp.Gold/Silver2.0% NSRRamYukon, CanadaLong & AssociatesGold/Silver2.0% NSRTransaction TermsUnder the terms of the Agreement, total consideration for the Royalty Portfolio is US$2.5M, payable as to US$1M in cash and US$1.5M through the issuance of 2,562,802 common shares of the Company (the "Consideration Shares"). The Consideration Shares will be issued on closing of the Transaction at a deemed price of C$0.83 per share, calculated based on the 20-day VWAP at the trading day immediately prior to the date of execution of the Agreement and converted at the prevailing Bank of Canada exchange rate.The Consideration Shares will be subject to a statutory hold period of four months and one day from the date of closing of the Transaction, in accordance with applicable Canadian securities laws.Closing of the Transaction is expected to occur before August 31, 2026, and is subject to the satisfaction of customary closing conditions, including the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange.Qualified PersonGrant Carlson, P. Eng., a Qualified Person as defined by National Instrument 43-101 and a consultant to the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.ABOUT EMPRESS ROYALTY CORP.Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies that require additional non-dilutive capital. The Company has a strategic partnership with Endeavour Financial, which allow Empress to access global investment opportunities while benefiting from mining finance expertise and deal structuring. Empress is focused on continuously creating long-term shareholder value through the proven royalty and streaming business model.ON BEHALF OF EMPRESS ROYALTY CORP.Per: Alexandra Woodyer Sherron, CEO and PresidentFor further information, please visit our website at www.empressroyalty.com, or contact us by email at info@empressroyalty.com or by phone at +1.604.331.2080.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate", continue", "believe", "plans", "anticipate" or similar terms.Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress expects or anticipates will or may occur in the future, including those regarding the acquisition of the royalty portfolio pursuant to the Agreement, including the benefits and timing thereof, the applicable royalties, including the long-term potential thereof, the projects underlying the applicable interests it proposes to acquire, including the plans and expectations of the operators and owners of the applicable projects, including anticipated exploration and development activities and the timing thereof, the financial capabilities of the operators and owners of the applicable projects, future growth and ability to create new streams or royalties, the development and focus of the Company, its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues.Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, the ability to complete the transactions contemplated by the Agreement, including receipt of all applicable approvals, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2025 and its other publicly filed documents under its profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.Disclosure relating to properties in which Empress holds, or is proposing to acquire, royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the owners or operators of its interests and their qualified persons and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves.SOURCE: Empress Royalty Corp.View the original press release on ACCESS NewswireOriginal: Empress Announces Acquisition of North American Royalty Portfolio

Empress Engages Geomorphic AI to Enhance Royalty and Streaming Deal OriginationJuly 8, 2026 8:05 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / July 8, 2026 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress" or the "Company") is pleased to announce that it has engaged Geomorphic AI Corporation ("Geomorphic AI") to enhance its royalty and streaming deal origination process in support of the Company's growth and acquisition strategy.Geomorphic AI is a private North American developer of AI-driven minerals prospect generation with a proprietary geoscience platform designed to identify and evaluate mining investment opportunities. Under the engagement, Geomorphic AI will use its platform to systematically source, rank and conduct technical, resource and mine-life due diligence on prospective royalty and streaming opportunities. By combining artificial intelligence with advanced geoscience analysis, the platform further expands Empress' ability to quickly identify and assess high-quality opportunities."Disciplined origination is fundamental to the royalty and streaming business. The ability to identify and evaluate high-quality opportunities quickly, and across a much broader opportunity set than traditional methods allow, creates a meaningful competitive advantage," stated Alexandra Woodyer Sherron, CEO & President of Empress. "Geomorphic AI enhances our ability to prioritize prospective opportunities while maintaining the rigorous technical evaluation our shareholders expect. By integrating advanced technology into our investment process, we aim to expand our pipeline of royalty and streaming opportunities and reinforcing our disciplined approach to creating long-term shareholder value.""Empress' royalty and streaming model is well suited to a systematic, data-driven approach to investment origination", stated Mark Sumner, CEO of Geomorphic AI. "Our platform combines artificial intelligence with geoscience analysis to rapidly identify, rank and technically evaluate prospective royalty and streaming opportunities, enabling Empress to efficiently assess a significantly broader range of opportunities than traditional sourcing methods alone." We look forward to working with Empress as it continues to expand its pipeline of high-quality royalty and streaming opportunities."Agreement HighlightsThe Company has entered into a consulting services agreement (the "Agreement") with Geomorphic AI under which Geomorphic AI will provide AI-assisted sourcing, technical screening and geological evaluation of prospective royalty and streaming investment opportunities. The platform integrates public-access datasets with technical, resource due diligence and mine-life analysis to generate a prioritized pipeline of opportunities for Empress to evaluate.The engagement is intended to enhance Empress's origination capabilities by expanding the reach and efficiency of its investment sourcing efforts. Their platform complements the Company's existing business development team and strategic partnership with Endeavour Financial, adding an additional technology-driven layer to its disciplined investment process.In connection with the Agreement, Empress has agreed to grant 250,000 stock options to Geomorphic AI, exercisable at C$0.83 per share for a period of five years from the date of grant, with immediate vesting of all options The options will be issued pursuant to the Company's stock option plan and are subject to the policies of, and acceptance by, the TSX Venture Exchange.About Geomorphic AIGeomorphic AI Corporation is a private North American based AI-driven minerals prospect generator with a proprietary geoscience platform. Geomorphic AI deploys a purpose-built team of specialist AI agents for minerals exploration and evaluation covering geology, geochemistry, geophysics, permit screening, data capture, geological modelling and report writing, capturing project-specific and regional public-access data. These agents collaborate like a seamless digital exploration team. An orchestration engine autonomously evaluates targets via a structured workflow with quality gates at every stage. A persistent evidence store captures all findings including drilling intercepts, geochemical anomalies, permit checks with source, confidence and coordinates. Geomorphic AI also builds custom tools for clients, such as log digitization, 3D modeling and data room analysis, with each engagement strengthening the platform. To learn more please visit: www.geomorphic.aiAbout Empress Royalty Corp.Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies that require additional non-dilutive capital. The Company has strategic partnership with Endeavour Financial which allow Empress to access global investment opportunities while benefiting from mining finance expertise and deal structuring. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.ON BEHALF OF EMPRESS ROYALTY CORP.Per: Alexandra Woodyer Sherron, CEO and PresidentFor further information, please visit our website at www.empressroyalty.com, or contact us by email at info@empressroyalty.com or by phone at +1.604.331.2080.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate", continue", "believe", "plans", "anticipate" or similar terms.Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may occur in the future, including those regarding future growth and ability to create new streams or royalties, the development and focus of the Company, its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues.Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2025 and its other publicly filed documents under its profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves.SOURCE: Empress Royalty Corp.View the original press release on ACCESS NewswireOriginal: Empress Engages Geomorphic AI to Enhance Royalty and Streaming Deal Origination

Empress Reports 2026 First Quarter Financial ResultsMay 27, 2026 7:30 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 27, 2026 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2026, highlighting continued portfolio performance, disciplined execution, and strong year-over-year growth."Our exceptional first-quarter results reflect the continued strength and scalability of the Empress business model, building on the momentum established through our transformational progress in 2025," stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty Corp. "Supported by strong gold and silver prices and sustained contributions across our portfolio, we achieved record quarterly revenue and gross profit, with revenue increasing more than threefold and gross profit nearly quadrupling compared to the first quarter of 2025. We also strengthened our balance sheet by adding US$11 million to our cash and gold and silver holdings during the quarter, bringing total current holdings to US$19.4 million. Combined with growing cash flow generation, this positions Empress to continue executing on disciplined, accretive growth opportunities while enhancing long-term shareholder value."Key Financial and Operating Highlights for the Three Months Ended March 31, 2026(All figures are in U.S. dollars unless otherwise noted)Strong Quarterly Financial Performance: Empress generated quarterly revenue of US$9.06M and a gross profit of US$6.75M, compared to revenue of US$2.70M and gross profit of US$1.80M in the first quarter of 2025, reflecting significant year-over-year growth.Accelerated Cash and Metals Holdings: The Company increased its liquid metals position by US$11.09M during the quarter, bringing its total current metals holdings to US$19.40M.Substantial Earnings Growth: Net income for the quarter totalled US$3.30M, compared to US$2.80M reported in the first quarter of 2025.High-Margin Operational Efficiency: Adjusted EBITDA for the quarter was US$5.79M, highlighting the capital efficient nature of the Company's royalty and streaming model.These strong results reflect the continued growth of the Company's producing royalty and streaming portfolio. Through exposure to high-quality assets and disciplined capital allocation, Empress continues to reinforce its foundation for sustainable, long-term value creation.The financial statements and accompanying Management's Discussion and Analysis (MD&A) have been filed on SEDAR+ (www.sedarplus.ca) and are also available on the Company's website at www.empressroyalty.com.Reaffirming Full-Year 2026 GuidanceFollowing the strong performance of the first quarter, Empress is reaffirming its annual financial and operating guidance for fiscal 2026, originally issued as part of its annual financial statement filing. Management's expectations remain unchanged and are based on the steady performance of its existing royalty and streaming portfolio, updated operator disclosures, and prevailing market conditions.Key Guidance Metrics for Fiscal 2026Empress continues to anticipate meaningful growth in its attributable production in 2026, supported by steady performance across portfolio holdings and potential optimization initiatives at key assets. Guidance incorporates assumptions of stable or improving operator performance and no major disruptions, consistent with disclosure standards under NI 51-102 and, where applicable, National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") for technical information.Attributable Gold Equivalent Ounces (GEOs)As a royalty and streaming company focused on precious metals, the Company's performance is inherently tied to production volumes and metal prices, which are volatile; accordingly, emphasis is placed on attributable gold equivalent ounces ("GEOs") sales as a primary metric to reflect production exposure.For streams, guidance reflects GEOs that have been delivered from the operators of our assets. Our GEO deliveries may differ from operators' production based on the timing of deliveries and due to recovery and payability factors. GEO sales may differ from GEO deliveries based on the timing of the sales. For royalties, GEO guidance reflects the timing of royalty payments or accruals.Reiterated 2026 GEO Outlook: Empress is maintaining its previously disclosed expectation for attributable GEOs to range between 7,045 and 7,430 ounces for fiscal 2026. As originally stated, this range represents the Company's diversified exposure across gold and silver, calculated using conservative conversion ratios based on assumed commodity prices of US$4,000/oz gold and US$70/oz silver. GEOs continue to be emphasized as the core metric, as they directly reflect the underlying production from operators and reduce dependency on volatile spot prices for performance evaluation.Assumptions and Basis for GuidanceThe reaffirmed 2026 Guidance is based on public and non-public forecasts, other disclosures by the owners and operators of our assets, internal analysis of historical performance, and management's understanding of the underlying producing assets. Additionally, the Company may receive information from the owners and operators of the properties which the Company is not permitted to disclose to the public pursuant to the underlying confidentiality agreements.Key assumptions include:Annual increases in revenue if metals prices continue to be in the range of US$4,000/oz gold and US$70/oz silver, and/or operating improvements are made at the underlying assets, and/or additional assets are added to the stream and royalty portfolio;Production estimates reliant on operator guidance under NI 43-101-compliant reports and other non-public technical information, assuming no material production interruptions;No major new acquisitions or divestitures beyond those already announced, though the Company continues to actively evaluate pipeline opportunities; andCurrency exchange rates and tax considerations remaining consistent with current levels.SensitivityThe success of the Company in the first quarter of 2026 was based on a concentrated number of investments and a significant increasing trend in gold and silver prices. There is no guarantee that this trend will continue through the remainder of 2026. Given the volatile nature of gold and silver markets, an increase or decrease in gold or silver prices could impact attributable GEO values and related revenue considerably.Risks and UncertaintiesAchievement of this guidance is subject to various risks, including but not limited to commodity price volatility (a primary concern given the small number of investments), operator-specific challenges (e.g., production delays), geopolitical factors, and environmental considerations. These could result in actual GEOs and revenues varying from the provided guidance, potentially materially. Investors should refer to the cautionary statements contained at the end of this news release, and the full discussion of risks in the Company's 2025 Annual Information Form (AIF) filed on www.sedarplus.ca.Conclusion and UpdatesEmpress continues to successfully execute its strategy of building a diversified, cash-flowing portfolio to deliver sustainable value to shareholders. The Company expects to review and update this outlook quarterly, or as material events occur, including new investments, significant operator updates, or changes in the commodity markets. Management remains focused on disciplined growth, strategic capital allocation and the continued expansion of its royalty and streaming portfolio.ABOUT EMPRESS ROYALTY CORP.Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnership with Endeavour Financial which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise and deal structuring. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.ON BEHALF OF EMPRESS ROYALTY CORP.Per: Alexandra Woodyer Sherron, CEO and PresidentFor further information, please visit our website at www.empressroyalty.com, or contact us by email at info@empressroyalty.com or by phone at +1.604.331.2080.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate", continue", "believe", "plans", "anticipate" or similar terms.Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may occur in the future, including those regarding future growth and ability to create new streams or royalties, the development and focus of the Company , its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues.Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2025 and its other publicly filed documents under it profile a www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves.SOURCE: Empress Royalty Corp.View the original press release on ACCESS NewswireOriginal: Empress Reports 2026 First Quarter Financial Results

Empress Grants Stock Options and Equity IncentivesMay 5, 2026 7:20 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 5, 2026 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress Royalty" or the "Company") announces that the Board of Directors approved the grant of 1,575,000 incentive stock options (the "Options") to purchase an aggregate of 1,575,000 common shares (the "Common Shares") of the Company to certain directors, officers, employees, and consultants of the Company. Each Option is exercisable into one Common Share at an exercise price of $0.87, being the closing market price of Empress' common shares on May 5, 2026. The Options will vest as to one-third on the date of grant, one-third one year from the date of grant, and one-third two years from the date of grant and will expire on May 5, 2031. All stock option grants are governed by the Company's Stock Option Plan which was approved by the shareholders of the Company at its last annual meeting of shareholders held on June 10, 2025.In addition, the Board of Directors approved the grant of 625,000 restricted share units ("RSUs") and 500,000 deferred share units ("DSUs") to certain directors, officers and consultants of the Company. The RSUs will vest equally over a two-year period, with the first vesting date occurring May 5, 2027. Upon vesting, each RSU represents the right to receive one Common Share in accordance with the Company's Equity Incentive Plan (the "EIP"). The DSUs will vest and settle in accordance with the Company's EIP. The EIP was last approved by the shareholders of the Company at its annual meeting of shareholders held on September 28, 2022.ABOUT EMPRESS ROYALTY CORP.Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has a strategic partnership with Endeavour Financial which allows Empress to not only access global investment opportunities but also bring unique mining finance expertise and deal structuring. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.ON BEHALF OF EMPRESS ROYALTY CORP.Per: Alexandra Woodyer Sherron, CEO and PresidentFor further information, please visit our website at www.empressroyalty.com or contact us by email at info@empressroyalty.com or by phone at +1.604.331.2080.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements").. Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate" ,"continue", "believe", "plans", "anticipate" or similar terms.Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may occur in the future, including those regarding future growth and ability to create new streams or royalties, the development and focus of the Company , its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues.Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2025 and its other publicly filed documents under its profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves.SOURCE: Empress Royalty Corp.View the original press release on ACCESS NewswireOriginal: Empress Grants Stock Options and Equity Incentives

Empress Reports 2025 Year End Financial ResultsFebruary 27, 2026 8:00 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 27, 2026 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress" or the "Company") is pleased to announce its audited financial and operating results for the fiscal year ended December 31, 2025. The Company concluded the year with record-breaking revenue."2025 was a transformational year for Empress, we doubled revenue, generated strong cash flow, and strengthened our balance sheet," stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. "We executed our strategy with discipline and focus, and our model delivered. With rising production and strong gold and silver prices, we enter 2026 from a position of strength - ready to redeploy capital with precision and continue building durable, value-accretive growth for our shareholders."Key Financial and Operating Highlights for the year ended December 31, 2025Record Revenue: Empress generated royalty and streaming revenue of US$17.2M, resulting in a gross profit of US$12.1M.Strong Cash Generation: The Company maintained its focus on liquidity, achieving positive operating cash flow of US$3.7M.Substantial Earnings Growth: Empress reported a net income of US$7.4M for the year, representing a significant increase over the US$1.0M reported in fiscal year 2024.Operational Efficiency: Adjusted EBITDA for the full year stood at US$13.9M, reflecting the high-margin nature of the Company's streaming and royalty interests.These annual results highlight the strength of the Company's portfolio and its commitment to building long-term, sustainable value through selective, high-quality investments.The financial statements and accompanying management's discussion and analysis have been filed on Sedar+ (www.sedarplus.ca) and are also available on the Company's website at www.empressroyalty.com.Empress provides the following guidance as part of its annual financial statement filing, reflecting management's current expectations for fiscal 2026 based on the performance of its existing royalty and streaming portfolio, information provided from operators, and prevailing market conditions.Key Guidance Metrics for Fiscal 2026Empress anticipates meaningful growth in its attributable production in 2026, supported by continued contributions from key assets with potential optimization initiatives and steady performance with its portfolio holdings. Guidance incorporates assumptions of stable or improving operator performance and no major disruptions, consistent with disclosure standards under NI 51-102 and, where applicable, National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") for technical information.Attributable Gold Equivalent Ounces (GEOs)As a royalty and streaming company focused on precious metals, the Company's performance is inherently tied to production volumes and metal prices, which are volatile; accordingly, emphasis is placed on attributable gold equivalent ounces ("GEOs") sales as a primary metric to reflect production exposure. For streams, guidance reflects GEOs that have been delivered from the operators of our assets. Our GEO deliveries may differ from operators' production based on timing of deliveries and due to recovery and payability factors. GEO sales may differ from GEO deliveries based on the timing of the sales. For royalties, GEO guidance reflects the timing of royalty payments or accruals.Empress expects attributable GEOs of 7,045 to 7,430 for fiscal 2026. This range represents the Company's diversified exposure across gold and silver calculated using conservative conversion ratios based on assumed commodity prices of $4,000/oz gold and $70/oz silver. GEOs are emphasized as the core metric, as they directly reflect the underlying production from operators and reduce dependency on volatile spot prices for performance evaluation.Assumptions and Basis for GuidanceThe 2026 Guidance is based on public and non-public forecasts, other disclosure by the owners and operators of our assets, internal analysis of historical performance, and management's understanding of the underlying producing assets. Additionally, the Company may receive information from the owners and operators of the properties, which the Company is not permitted to disclose to the public pursuant to the underlying agreement.Key assumptions include:Annual increases in revenue if metals prices continue to be in the range of $4,000oz gold and $70/oz silver, and/or operating improvements are made at the underlying assets, and/or additional assets are added to the stream and royalty portfolio;Production estimates reliant on operator guidance under NI 43-101-compliant reports and other non-public technical information and no material production interruptions;No major new acquisitions or divestitures beyond those already announced, though the Company continues to actively evaluate opportunities; andCurrency exchange rates and tax considerations consistent with current levels.SensitivityThe success of the Company in 2025 was based on a small number of investments and a significant increasing trend in gold and silver prices. There is no guarantee that this trend will continue in 2026. Given the volatile nature of gold and silver markets, an increase or decrease in gold or silver prices could impact attributable GEO values and related revenue considerably.Risks and UncertaintiesAchievement of this guidance is subject to various risks, including but not limited to commodity price volatility (a primary concern given the small number of investments), operator-specific challenges (e.g., production delays), geopolitical factors, and environmental considerations. These could result in actual GEOs and revenues varying from the provided guidance, potentially materially. Investors should refer to the cautionary statements contained at the end of this news release, and the full discussion of risks in the Company's 2025 Annual Information Form filed on www.sedarplus.ca.Conclusion and UpdatesEmpress continues to implement its stated strategy of building a diversified, cash-flowing portfolio to deliver sustainable value to shareholders. The Company will review and update this outlook quarterly or as material events occur, such as new acquisitions, significant operator announcements, or commodity price shifts. Management remains focused on disciplined growth and capital allocation in the streaming and royalty sector.ABOUT EMPRESS ROYALTY CORP.Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has a strategic partnership with Endeavour Financial which allows Empress to not only access global investment opportunities but also bring unique mining finance expertise and deal structuring. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.ON BEHALF OF EMPRESS ROYALTY CORP.Per: Alexandra Woodyer Sherron, CEO and PresidentFor further information, please visit our website at www.empressroyalty.com, or contact us by email at info@empressroyalty.com or by phone at +1.604.331.2080.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate", continue", "believe", "plans", "anticipate" or similar terms.Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may occur in the future, including those regarding future growth and ability to create new streams or royalties, the development and focus of the Company , its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues.Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2024 and its other publicly filed documents under it profile a www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves.SOURCE: Empress Royalty Corp.View the original press release on ACCESS NewswireOriginal: Empress Reports 2025 Year End Financial Results

CEO.CA Insights: Exclusive Interviews From Mining Leaders at VRIC 2026February 11, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - February 11, 2026) - CEO.CA, the leading investor social network in junior resource and venture stocks, shares comprehensive video coverage from VRIC in Vancouver, Canada.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.As a media partner at investor events around the world, CEO.CA provides coverage of the companies shaping the future of mining, meeting with industry leaders to learn more about their vision and strategy.Get to Know the Leaders Transforming the Future of MiningTo view the VRIC Conference Interviews, please visit: https://www.youtube.com/playlist?list=PLsD-m-bMQxKaScbbF6Qd2dUys6Dv2Ucla CopperGunnison Copper (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0)Hayasa Metals (TSXV: HAY) (OTCQB: HAYAF)Star Copper (CSE: STCU) (OTCQX: STCUF) (FSE: SOP)Critical MetalsSpartan Metals (TSXV: W) (OTCQB: SPRMF) (FSE: J03) GoldA2 Gold Corp (TSXV: AUAU) (OTCQX: AUXXF) (FSE: RR7)Adyton Resources (TSXV: ADY) (OTC Pink: ADYRF)Avanti Gold (CSE: AGC) (OTCQB: AVTGF) (FSE: X370) Canstar Resources (TSXV: ROX)Cartier Resources (TSXV: ECR) (FSE: 6CA)Dryden Gold (TSXV: DRY) (OTCQB: DRYGF) (FSE: X7W)Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH)Erdene Resource Development (TSX: ERD) (OTCQX: ERDCF) (MSE: ERDN)Goldstorm Metals (TSXV: GSTM) (FSE: B2U)Japan Gold (TSXV: JG) (OTCQB: JGLDF)Lahontan Gold (TSXV: LG) (OTCQB: LGCXF) (FSE: Y2F)McFarlane Lake Mining (CSE: MLM) (OTCQB: MLMLF)Newcore Gold (TSXV: NCAU) (OTCQX: NCAUF)Northstar Gold (CSE: NSG) (OTC Pink: NSGCF)Quimbaya Gold (CSE: QIM) (FSE: K05)Rua Gold (TSXV: RUA) (OTCQB: NZAUF)Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF)Talisker Resources (TSX: TSK) (OTCQB: TSKFF)Thesis Gold (TSXV: TAU) (OTCQX: THSGF) (WKN: A3EP87)Viva Gold (TSXV: VAU) (OTCQB: VAUCF) (FSE: 7PB)White Gold (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W)LithiumOrigen Resources (CSE: ORGN) (FSE: 4VXA)PhosphateNevada Organic Phosphate (CSE: NOP) (OTCQB: NOPFF)PolymetallicMetalQuest Mining (TSXV: MQM) (OTCQB: MQMIF)Royalty/StreamingEmpress Royalty (TSXV: EMPR) (OTCQX: EMPYF) (FSE: 53G)Globex Mining Enterprises (TSX: GMX) (OTCQX: GLBXF) (FSE: G1MN)SilverArgenta Silver (TSXV: AGAG) (OTCQX: AGAGF) (FSE: T1K)Honey Badger Silver (TSXV: TUF) (OTCQB: HBEIF)Prince Silver (CSE: PRNC) (OTCQB: PRNCF) (FSE: T130)UraniumCanAlaska Uranium (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9758/283509_8938c62da4c8baaa_001full.jpgAbout CEO.CAThe leading community for investors & traders in junior resource & venture stocks. CEO.CA is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, CEO.CA has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at CEO.CA to set up your free account.CEO.CA is a wholly owned subsidiary of EarthLabs, Inc.For further information, please contact:CEO.CA
Email: hello@ceo.ca
Website: CEO.CANeither the TSX Venture Exchange ("TSXV"), OTC Best Market "(OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.Cautionary StatementThe information regarding any issuer contained or referred to in any interviews conducted by CEO.CA has been furnished by such issuer directly, and neither CEO.CA nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information.No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the CEO.CA platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR+ or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. CEO.CA disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283509
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Empress Royalty Announces Grant Of Restricted Share UnitsJanuary 30, 2026 9:15 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / January 30, 2026 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress" or the "Company") announces that, further to the appointment of Daniel Burns to the Company's board of directors, the Company has granted 250,000 restricted share units ("RSU") to Mr. Burns pursuant to the Company's Equity Incentive Plan.The RSUs were granted at a deemed price of C$1.09 per unit and will vest in equal installments over a two-year period, with the first tranche vesting one year from the date of grant. Each vested RSU entitles the holder to receive one common share of the Company.The grant is subject to the terms and conditions of the Company's Equity Incentive Plan and the policies of the TSX Venture Exchange.ABOUT EMPRESS ROYALTY CORP.Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has a strategic partnership with Endeavour Financial which allows Empress to not only access global investment opportunities but also bring unique mining finance expertise and deal structuring. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.ON BEHALF OF EMPRESS ROYALTY CORP.Per: Alexandra Woodyer Sherron, CEO and PresidentFor further information, please visit our website at www.empressroyalty.com, or contact us by email at info@empressroyalty.com or by phone at +1.604.331.2080.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate", continue", "believe", "plans", "anticipate" or similar terms.Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may occur in the future, including those regarding future growth and ability to create new streams or royalties, the development and focus of the Company , its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues.Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2024 and its other publicly filed documents under it profile a www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves.SOURCE: Empress Royalty Corp.View the original press release on ACCESS NewswireOriginal: Empress Royalty Announces Grant Of Restricted Share Units

Empire Petroleum : False Disclosures

Latest insider filings show :-

Pucket Land, change +1 million as of 5/17. False. Reflects the split shares. No new purchase.Petroleum Ind (Pie) (Mulacek) change +424'500. False. Was there before. No new purchases.Big Red Revocable Trust (Mulacek) change +378'750. False. Was not reported earlier.Five Sterling (Mulacek) change +343'750. False. No new purchases.

Mulacek through disclosed holdings owns 44,52% of Empire. Undisclosed holdings include family members. Cousin, nephews, all showing up in the S3 filed last year.Same modus operandi as with Kina Petroleum of Australia where Mulacek took control and then the company went bust and he moved it to BVI, out of prying eyes, and where Mulacek and family control several other companies. Investors beware.

Dubious, complex &furiously frequent related party transactions

Have a look at the Empire 13D filed earlier this year. It makes for disturbing reading Empire 13D

In September last year the company ‘modified’ its loan agreement with Energy Evolution Fund (whose only real position is bizarrely Empire and is run, equally bizarrely, by Phil Mulacek, the Empire Chairman and his son Sterling Mulacek). Presumably this was agreed by all sides over a discussion at a Mulacek family barbecue?

Part of this was granting a new warrant to buy 500,000 shares in Empire at $5. Also extending the second loan by 18months to June 30, 2023 and the Fund agreeing to get paid interest on the loan in Empire stock at a fixed price of $5 per share IF THEY OPTED FOR IT. Nice giant gift of free optionality huh?! They had to exercise $6.5m of the convert they owned to get this but the entire conflicted Empire / EEF setup is about using Empire warrants and stock to generate highly amplified mark-to-market performance in EEF whose track record is then used to raise real money

Ask yourself why any reputable operators would involve themselves in such a dubious, complex and furiously frequent series of highly complex debt, equity and warrant transactions between a listed company and a bunch of related parties they also control (including PIE aswell as EEF, amongst others)? If you can figure out a reason that isnt of great concern to Empire shareholders then please post it below

I am wondering if this will dip below .20 again anytime soon.

Empire Petroleum / 10Q / bizarre related party disclosure

See the 10Q out last week and look at the Related Party disclosure (below)
So Energy Evolution Fund (Mulacek controlled) owns 25% of Empire Petroleum (essentially its only investment, together with the EP Series A Preferred Stock which gives it 3 board seats). Then we have two board members of this Mulacek controlled fund who own another 19% of Empire Petroleum. This is besides all the other vast Mulacek family and friend ownership interests you can see on the roster. This company is owned and controlled by the Mulaceks lock, stock and barrel and a consequence has been the bizarre trading activity in recent years amongst all these people as the stock miraculously rose without trace. The idea that this board can police a guy like Mulacek who has spent his corporate life escaping international lawsuits is ridiculous…..and probably an academic question when this entire company is surely just the latest vehicle to enrich himself via the same misdeeds he has always used

“Note 13 – Related Party Transactions

The Fund is a related party of the Company as it beneficially owns approximately 25% of the Company’s outstanding shares of common stock as of June 30, 2022. Additionally, a board member of the Fund was appointed to the Company’s Board of Directors in October 2021 as the Board co-chairman. This Board member separately beneficially owns approximately 16% of the Company’s outstanding shares of common stock and held all outstanding shares of preferred stock at June 30, 2022. The Board member also is a majority owner of PIE. In October 2021 another board member of the Fund was appointed to the Company’s Board of Directors and has an ownership percentage of approximately 3%.”

Empire Petroleum & Energy Evolution Fund fund each other

Read the Empire Petroleum 10Q for Q3 last year and look at related party transactions

Empire Petroleum (EP) invested $1.25m in Energy Evolution Fund (one of its largest investors and a fund invested almost solely in EP) for a good chunk of last year! How could there ever be a proper reason for an Energy company to invest in an Energy Hedge fund, for however short a period, let alone a fund that was a major investor in itself, whose chief investment officer was the chairman of the Energy company and whose Chief Compliance Officer was a Director of itself?!

Litany of Fraud Lawsuits brought against Mulacek

Do a search of Trellis or any other legal database and you'll find a litany of fraud lawsuits initiated against Mulacek or his minions most years for the last two decades or so. Most must have been quietly settled by Mulacek so that he could continue in corporate life....

Here is one example from 2018 https://trellis.law/doc/69552110/Verified-Petition-to-take-Deposition-Before-Suit-E-Filed-Original-Petition-Document

How much of a loss will you be ready to settle for?

Empire Petroleum leadership dumping stock

RLR Services sold 166,666 shares of Empire Petroleum at 21.83 under rule 144. Who is behind ‘RLR’, none other than the chairman Kamin.

And why has the CEO apparently been selling shares below $11?!

Why would the leadership of an early-stage company be dumping stock like this?

Pump and dump of Empire Petroleum coming to an end?

Hear the gurgling sound of the drain when you watch this stock price?

Phil’s family members with their offshore companies obviously sold huge numbers of shares in the run-up. He did the same with InterOil. Don’t forget Mulacek hid millions of shares offshore and pushed the shares of IOC to 100 while constantly selling.

Then in 2013 the board fired him for cause and in 2017 a full four years later, Exxon bought the company for $50 per share. Not to forget Kina Petroleum listed in Australia which Mulacek controlled. It’s stock went down 90% before Phil delisted it

Empire Petroleum Chairman Kamin dumps 79,166 shares

So Empire Petroleum Chairman Kamin dumped 79,166 shares last week. His crystal ball is working well given the 27.2% dump in the stock from the opening price on the stated 13th June sale date (no surprises the stock took a beating that day given that he dumped more than an entire average day’s volume)

The other insider headline is COO Sweeney acquiring $260k of stock. What the insider headlines don’t say is that he paid just $30k for them, i.e just $2 per share - in an identical transaction to what Phil Mulacek did the week before in the same price and amount. Exercising now whilst these options are still in the money so they can join their chairman in dumping these too and taking a profit whilst they still can?

Woodlands TX77380 : PIE/MineralResources/Empire/EEF

So Energy Evolution Fund works out of the same address as the senior Empire Petroleum team (some via their second jobs with Mineral Resources and PIE also at their Woodlands, TX 77380 address). So again a hedge fund run by the same people who run its largest (publicly listed) investment, Empire Petroleum, and effectively it’s only investment, and who separately control said investment through offshore nominee holdings of family and friends, multiple directorships in their pocket etc. And all these entities with huge 3rd party investments they each have a fiduciary duty towards juggled across their desks at the Mulacek lair of the Woodlands offices with 'compliance officers' also sharing the conflicts….

In last year's announcement Empire Petroleum said that PIE and Mineral Resources (funded by Phil Mulacek) had bought 40% of EMPR Texas. Since then no mention in any of EMPR's SEC filings. Mineral Resources appears to be run by Gerard Jacquin the mysterious financier living in France, together with Phil Mulacek and Alain and Marc Vinson, Phil's nephews. Similarly in August 2020 Empire announced a Securities Purchase Agreement for contractor operator PIE (Phil’s private investment company since 1981) to have the opportunity to own up to 40% of Empire equity and two board seats….what came of this?!

The Mulacek web of corruption worsens...

So right out of the blue Phil Mulacek is appointed Chief Investment Officer of Energy Evolution Fund, with no news or press releases anywhere, straight below the radar on the qt……but no surprise after son Sterling had been telling colleagues in recent months he wouldn’t go to jail for his dad….now Sterling will be able to say he was ‘only obeying orders’ if and when the hammer of justice falls on his charade of a fund

So we now have a web of corruption and horrific conflicts that defy all description and show just how desperate these characters now are to keep this house of cards upright :-

Phil Mulacek is simultaneously the Chair of Empire Petroleum and the Chief Investment Officer of its largest investor, Energy Evolution Fund based offshore in Cayman

Mason Matschke is simultaneously main board Director of Empire Petroleum and Chief Compliance Officer of its largest investor, Energy Evolution Fund

Phil has three Empire Petroleum directorships in his pocket as owner of the Series A Voting Preferred Stock issued by Empire as reward for a major investment in the company by his son’s Energy Evolution Fund (thanks son!). Aside from his covert control of the stock (of which more below), Phil now openly controls both the Fund and its largest investment (almost its only investment), Empire Petroleum. Don’t let us wake you up there SEC!

Energy Evolution Fund has almost all its capital invested in Empire Petroleum. Sounds like a sound strategy to invest almost all your capital in a company controlled by your dad (now your Chief Investment Officer) and on whose board sits your Chief Compliance Officer? Know any Chief Compliance Officer anywhere else who wouldn’t have RUN from this situation?

The heart of this scheme has been Phil’s coordinating the trading of Empire shares between his family, friends, minor employees, cronies and their offshore nominees, trusts etc (the people who own almost all the shares in reality) in an orchestrated and rotational manner to make it look like a stellar never-ending performance. This then makes the fund performance look incredible (it’s all-in invested in Empire!) and lets them pull 3rd party investor money into the fund that is then wholly under their control and which they can pump into the company and keep this sordid ferris wheel spinning….

Did the Mulaceks invest big personal cash in the fund? As far as we can see it was instead in-kind subscriptions of Empire shares into the fund that got them their stake in the fund and got the fund invested in Empire. In other words they put in just cheap paper they already owned before they then inflated it. Great scheme as long as nobody notices what you are up to….

EP trades like a microcap pump-n-dump

EP closed at 24.7 on 6th May (last Friday)

EP reached a low on 9th May (this past Monday) of 18.08 (down 27%!) before closing at 19.46 (down over 21%)

Yes the S&P was down 3% from 6th to 9th but astonishingly this massive drop in EP occured with NO INCREASE IN DAILY VOLUME above the mediocre 60k-share average daily volume of late

This is not remotely how a $400m+ market cap stock just uplisted to the NYSE should trade. This is not an investable characteristic for a company like this. It shows something is very very wrong with the liquidity and share structure of this company - that when a real owner (there must be some) takes just a few small chips off the table the whole thing lurches to one side. Consistent with what we have been saying for a long time - this is a charade with shares being rotated amongst a coordinated group of friends/family/colleagues controlled by the Mulaceks

Phil Mulacek given three Empire directors as gift from son

In case you still didn’t believe that Phil Mulacek controls Empire Petroleum lock, stock and barrel have a read of their 8-K report :-

“On March 8, 2022, the Company filed the Certificate of Designation with the Secretary of State of the State of Delaware and immediately thereafter the Company issued the Series A Voting Preferred Stock to Phil Mulacek”

What exactly is the Series A Voting Preferred Stock? Well read below from the 8-K. Phil got this Stock ostensibly because of his son Sterling’s fund investing almost all its money in Empire (was it a fathers day gift?). Gives Phil no less than THREE directors in his pocket! This in a company whose shareholder roster consists largely of his friends, family or cronies, mostly via their offshore trusts or nominees

“As partial consideration for a strategic investment in the Company by Energy Evolution (Master Fund), Ltd. (the “Fund”), the Board announced that it intends to issue six shares of Preferred Stock (the “Series A Voting Preferred Stock”) with the exclusive right to vote for election of three Directors (the “Series A Directors”), and to issue the Series A Voting Preferred Stock to Phil Mulacek, one of the principals of the Fund, as the Fund’s designee pursuant to a Certificate of Designation of Series A Voting Preferred Stock (the “Certificate of Designation”).”

Suspicious Related Party Transactions in Empire Petroleum

Take a look at the very intriguing Related Party Transactions in the Empire Petroleum annual report just out https://sec.report/Document/0001753926-22-000383/

So in May 2021 Empire Petroleum, co-chaired by Phil Mulacek (who with his friends&cronies controls a vast amount of the company’s shares) sold a $16.25m Senior Secured convertible note issue to his son Sterling Mulacek’s Energy Evolution Fund (which already had almost all its capital invested in Empire Petroleum). This $16.25m loan attracted some extremely odd features including a debt discount of $2.2 million and non-cash interest expense of $7.4 million

Could they not find anyone else to finance this publicly listed company other than the Chairman’s son’s fund?

The loan was modified not just once but twice in the months that followed (including on Dec 30th in a good old end-of-year transaction) with large parts of the loan being exchanged for more shares and warrants in Empire Petroleum exerciseable at just $5 per share. Were these negotiations conducted over a Mulacek family barbecue?

More than this, in May they also did a $3.24m unsecured convert issue and disclosed this was to investors that also ‘included’ Sterling Mulacek’s fund again (was he almost all of it?). New wrinkle this time was the “Company’s Chief Executive Officer and President collectively offered to each investor the right to purchase a number of shares of common stock equal to 40% of such investor’s principal balance” at just $3 per share…..which somehow resulted in a $1m ‘non-cash expense’ to Empire based ‘on the contributions made on its behalf’!

Mulacek &relatives embroiled in numerous lawsuits worldwide

A quick google search for "phil mulacek lawsuit" is enough for anyone to see that Phil Mulacek is embroiled in numerous ongoing and major lawsuits around the world in jurisdictions including the USA and Singapore. As you will see this now comprises a large number of defendants including several of his relatives

See any disclosure about this given he is a director of Empire Petroleum? None whatsoever. At the same time he continues to covertly control the company, its share price and the trading in its stock by orchestrating circular trades through his family & associates, their front companies and nominees (not least his son's fund Energy Evolution which invests almost all its capital in the company)

How long will the SEC and FBI go to sleep on this one? Until the 'dump' stage of this operation perhaps

Mother Of All Conflicts EP/EEF/Phil/Sterling
#EmpirePetroleum #EnergyEvolutionFund #SterlingMulacek #PhilMulacek #MasonMatschke pic.twitter.com/mMYCNBbbFU— StockFraudExposer (@StockExposer) April 11, 2022

Empire Petroleum secretly controlled by Phil Mulacek & his cronies

Sterling Mulacek Trust. Phil himself, PIE, and Gerard. The latter lived at the same address, 10 Newton Road, Gloucester House, as Phil and Marc Vinson. Gerard is a Director of Asian Oil and Gas with Phil and shares the office at Shaw House in Singapore with Phil and Marc Vinson. Gerard is one of the beneficial owners of Pacific Brunei which got transferred from Brunei to BVI. He is a Director of Asian Gas Partners BVI. He is the owner of Mineral Resources Acquisitions BVI which guarantees the debts of Global Oil and Gas in BVI, together with Phil. He is the nominee for Phil and held over 16% of Kina Petroleum which was then delisted by Phil and moved to BVI. Gerard is a French citizen and was a French tax resident until 2015 when he moved to Singapore. As a Singapore Employment Pass holder he can act as Nominee as he does not have to pay any tax in Singapore on monies earned and held outside of Singapore. He probably holds lots of monies through various offshore companies for Phil himself. Phil went to meet him 5 weeks ago in person near Paris as Gerard wants out. Gerard mentioned as selling shareholder in Empire Petroleum holding over 3 million shares, now 750'000 shares.

Well?

Are you the "Ted" that has monopolized the Yahoo discussion board on this stock?

The labyrinthine offshore world of the Mulaceks
The same Mulacek cast of characters who control Empire Petroleum have been using offshore structures and criminal lawyers like Mossack Fonseca (all as here, in Seychelles) to hide ownership and control of assets for years now....

The same Mulacek cast of characters who control Empire Petroleum have been using offshore structures and criminal lawyers like Mossack Fonseca (all as here, in Seychelles) to hide ownership and control of assets for years now.... pic.twitter.com/IbDTvct6AU— StockFraudExposer (@StockExposer) April 1, 2022

Latest Mulacek meltdown episode at Empire Petroleum

So the original Empire Petroleum shareholders, who let the Mulaceks in to start this whole saga, just flew from Tulsa (the official but fake Empire Petroleum headquarters) to Texas (the real Headquarters and centre of the Mulacek empire of companies, conspiracies and funds) to find out what the hell is going on. In the process, apopletic with rage, the original shareholders decided to ban all employees from henceforth bringing any personal phones or laptops into the building so they can monitor who everyone is speaking to. The subpoenas are flying, senior people are quitting and people are getting very, very nervous.....

Empire Petroleum / ominous occurences

Some observations :-

- Intentional Misstatements or Omissions are Federal Criminal Violations in the context of corporate filings or disclosures. Mulacek companies are litered with serious examples of these as per previous posts

- Empire Petroleum market cap is $350m but company is expected to lose $35m this year. Is being set up for a giant pump and dump

- This just as Phil Mulacek and his cousin Gerard Jacquin did previously with Kina Petroleum which they delisted and moved to BVI after it had lost 90% of its value. Perhaps Empire Petroleum will move to Cayman where one of its largest shareholders is domiciled, the Energy Evolution Fund managed by Phil's son Sterling Mulacek

Broker got 1.2m EP shares Mulacek payoff for doing what?

What exactly is the involvement of Raymond James broker Kenneth Man-Keung Lee in facilitating the circuitous stock trades of Empire Petroleum through the Phil Mulacek network? The trades which have seen a multi-hundred million dollar market cap arise on the back of negligible trading volume across a shareholder roster consisting almost entirely of Phil’s family, associates, employees and his son Sterling Mulacek’s Energy Evolution Fund

How did Mr Lee come to own 1.2m shares of Empire Petroleum in a trust? Presumably a payoff from the Mulaceks but for doing what exactly?

Former Raymond James broker Mason Matschke scandalously serves as director of Empire Petroleum and simultaneously as Chief Compliance Officer of the aforementioned Energy Evolution Fund which bizarrely has almost all its capital invested in one stock : Empire Petroleum. As a broker Mason had to pay seven figure settlements to his clients but this is clearly no bar to serving as a compliance officer for the Mulaceks…..will Mr Lee also be joining the Mulacek payroll in some capacity in due course?

*Sterling Mulacek subpoenaed in case involving Phil Mulacek*

Sterling Mulacek has been served a subpoena to provide a deposition in a case involving his father, Phil Mulacek. Phil controls Empire Petroleum through a network of family & friend holdings and through Sterling’s ‘Energy Evolution Fund’ which has almost all its capital invested in Empire Petroleum

And Sterling is not alone amongst Phil’s inner circle in receiving a subpoena. This follows a spate of resignations of senior employees in recent weeks in Phil’s companies and amid internal turmoil and disquiet at recent occurences in the companies

Massive warrant selling now possible

See the statement of selling shareholders of October 2021. Over 1,500,000 shares from underlying warrants become free trading after exercise (following recent uplist) and would be sold into the market. Buyers beware.....!!!

Empire Petroleum dumping below uplist price, down ~20% today

This company is in reality owned and controlled by one guy, Phil Mulacek..as detailed on previous posts here

....and now the other employees etc with shares and warrants are heading for the exits.....as we said they would as the inner circle is in disarray over the whole charade.....question is how much is the Energy Evolution Fund selling? This is the fund controlled by Phil's son Sterling that has almost all its capital in this one stock and has a director of Empire serving as their own Chief Compliance Officer (mother of all conflicts!)

Phil Mulacek controls Empire Petroleum with family holdings

So Phil Mulacek has 17.72% of Empire Petroleum, PIE (controlled by Phil) has 2.28%, Sterling Mulacek (Phil’s son) has 1.77% and Energy Evolution Fund (managed by Sterling) has 26.73%. This all adds up to 48.5%


Add in nephews Alain and Marc and cousin Gerard Jacquin and Christian Vinson and sister Michelle (see selling shareholder statement) and you are way above 50%. Phil controls this company which is just what he did with Kina Petroleum before it lost 90%


Following this uplist everyone’s warrants are exercisable and now they are heading for the exits….watch the price dump

EMPR moved to the NYSE AMEX from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

Chaos at Mulacek Ground Zero

From all we hear it’s chaos right now at the ground zero of the Mulaceks dastardly intertwined empire of financial malfeasance, at the Woodlands in Texas. This is where Energy Evolution Fund managed by Sterling Mulacek invests almost all of its investor’s capital in his Dad’s company Empire Petroleum, all under the same roof. A place where some truly shocking financial misdeeds have been quietly planned and executed, as we have detailed on other posts here

But now key people are leaving, others are nowhere to be found and many more are very worried that investigations by the authorities are imminent…. how much longer can this continue?

Who is behind the Fund propping up Empire Petroleum?

Energy Evolution Fund is managed by Sterling Mulacek, son of the Chair of Empire Petroleum in which almost all the Fund’s capital is invested!

To adopt such a risky (not to mention completely inappropriate) investment strategy, is Sterling blessed with a long track record and decades of experience? No. He has some five years in the business!

Do his team members compensate? Well Mark Vinson has little more experience than Sterling and Patrick O’Donnell was a career Information Technology guy at UBS. Comfortable trusting these guys with your own capital in a spectacularly concentrated and conflicted investment strategy?

But then if all they do is pump their investors’ capital into Daddy’s company why do they need an investment team at all?!

Mason Matschke &Empire Petroleum's Outrageous Conflicts

The Mulaceks use of Mason Matschke and the outrageous conflicts this creates are so stunning they illustrate the scale of what is going on in the Mulacek web of collusion between Empire Petroleum and Energy Evolution Fund. And this is just what we can see from the public disclosures! Ask yourself why they would be forced into doing something so shady? When will the SEC or FINRA act on this? To summarise :-

- Mason Matschke is the former stockbroker who now sits as the Chief Compliance Officer for the Energy Evolution Fund managed by Sterling Mulacek. Mason is the former personal broker for Phil Mulacek (Sterling’s dad and the Chair of Empire Petroleum)

- This would be a bizarre appointment for a veteran stockbroker in any circumstances but given Matschke’s FINRA disclosure history, involving him paying settlements reaching well into seven-figure levels for his unfortunate clients, why would anyone suddenly transform him into a Chief Compliance Officer for their fund?!

- Energy Evolution Fund has almost all of its capital invested in Empire Petroleum, whose board Matschke sits on! Since when does a fund Chief Compliance Officer also sit on the board of the company in which almost all the fund’s capital is invested (few funds in the world can have so concentrated an investment 'strategy')! Could there possibly be any greater conflict of interest for someone charged with compliance?

Another secretive jurisdiction chosen by Phil Mulacek..

MinRes BVI of Gerard Jacquin guaranteeing debts of Global Oil and Gas Ltd., registered in Brunei Daressalaam. Yet another secretive jurisdiction chosen by Phil Mulacek. How many more are there ?

EMPR last-hour trading spikes

Just another average trading day for Empire Petroleum with it bounching 6% in the last hour of trading (from 2.805 to 2.96) on just 2,000 shares....these boys won't and can't (at least for now) let it close more than a few cents below $3. They have far too much riding on it not least the track record of Energy Evolution Fund managed by Sterling Mulacek (son of Empire Petroleum chair Phil Mulacek) which has most of its capital in this stock(!). At least their life is made easy by there clearly being so few real external shareholders that there isn't much selling for them to mop up. But watch out below when they decide to exit themselves......

More nefarious Mulacek dealings.....


https://casedocs.omniagentsolutions.com/cmsvol2/pub_47213/724520_908.pdf

Bankruptcy of Zetta Jets Pte Ltd., Singapore. Ojets involved.

See exhibit B, page 5 of 16, line 21. Ojets, a Bahamas company. Another one of Phil Mulacek's offshore companies with Sterling Mulacek and Marc Vinson.



https://www.sec.gov/Archives/edgar/data/1221715/000114420416099079/v439019_ex99-3.htm

Lawsuit in 2016 by Phil Mulacek and Sterling Mulacek Trust and Gerard Jacquin, the mysterious French financier and cousin of Phil Mulacek, against Exxon. Then 92% of InterOil shareholders voted for Exxon and against Phil.


https://energyevolutionfund.com/testimonials/mason-matschke/
Mason is Chief Compliance Officer of Energy Evolution Fund. Did he do KYC on all offshore investors in Energy Evolution Fund and in Empire Petroleum and establish the beneficial owners as is required? What are the results?

The labyrinthine offshore world of the Mulaceks

Remember the Panama papers, and more recently the Pandemic papers? It all started with leaks at the Panama law firm of Mossack Fonseca. They were shut down and face criminal charges over alleged money laundering and helping fraudsters. They obviously deny this.

There is a Sterling Mulacek Trust formed in the Seychelles, (another secretive tax haven) managed by Phil Mulacek. The address is c/o Mossack Fonseca, Seychelles ! Is this another entity that invested in stock of Empire Petroleum? Is this another investor in Energy Evolution Master Fund, domiciled in the secretive Cayman Islands, managed by Sterling Mulacek and Alain and Marc Vinson, the newphews of Phil ?

Phil and Marc Vinson seem to pop up everywhere. There is even a Cyprus company that they manage. Maybe this is yet another one of the entities that secretly invested. Cyprus of course is being shut down by the European Union as it turns out that certain Russian Oligarchs and other unsavory people used Cyprus entities to launder money.

Mineral Resources is another company that according to an Empire news release of last year bought 40% of Empire Texas. Since then that name has disappeared and is never mentioned again. Phil and Marc are in there too, but the secretive French financier Gerard Jacquin owns it, although according to the Empire news release at the time, Phil has funded that entity.

One wonders who is keeping track of all those offshore entities and the related money flows for Phil and his nephews. That someone had better be prepared to answer these questions soon...

Giant Red Flags for Mulacek Fund& EMPR

1. being invested overwhelmingly in one stock (Empire Petroleum)
2. said stock being managed by your father
3. much of your capital being contributed by your father/associates in the form of in-kind investments of stock and/or warrants in the same company you are overwhelmingly invested in

Red flags for a fund dont come much bigger than these three!

Our advice for Sterling? Take a read of the RICO act and hire a good lawyer fast

What happens when the EMPR selling begins?

EMPR will obviously contemplate an uplisting to a major exchange. It will have to do a large reverse stock split as it will then be hit with huge selling. After an uplisting all restricted shares and warrants become free trading. And employees will be bailing out. After all this stock should not be worth more than 75 cents

And this will kill the phony performance of Energy Evolution Fund as well. Watch out below once that fund has to start selling. Add to that that this is a secretive Cayman Islands fund with minimal regulation for funds in this jurisdiction

Mulacek dodgy warrant transactions

A look at the 13D filing of Phil Mulacek published by Empire on the 12th April 2021 reveals a totally confusing number of transactions. Among them that Phil assigned 825k warrants at 50 cents to "an unaffiliated party". Well, wasn't that Energy Evolution Fund run by Sterling Mulacek and Phil Mulacek and Alain and Marc Vinson, his nephews ? Is this called an unaffiliated party ? And the 13D shows Mulacek owning 13'694'185 shares then, or some 24% whereas his latest SEC filing on 9/28/21 shows 13'148'085 shares, according to Bloomberg.

Is Phil back to his old games of not reporting his trading, just as he did with InterOil ?

Or did the 825k warrants really go to an "unaffiliated party" that would then help in holding the stock up at the $ 3 level? Phil needs all the help he can get to manipulate the EMPR stock higher. Look at the roster of investors again. Mason Matschke used to manage all of Phil's offshore accounts when he was at Raymond James. Wonder what else he knows about all the offshore holders showing up now. After all, Mason was involved in promoting also Kina Petroleum, the stock which was listed on the Australian Stock Exchange. Phil was the largest shareholder followed by the mysterious French financier Gerard Jacquin and then also Alain Vinson owned 6%, and Phil's friend Lasco owned a large position too. Just as they do now in EMPR. Kina lost 90% before Phil decided to delist it and move the company to the BVI. So all his friends lost a lot of money and that's probably why he is offering them tons of warrants in EMPR. The one reason to move to the BVI is Secrecy. No prying eyes, no transparency, no need for financials, no regulators.

And Phil Mulacek is so proud of his achievements at InterOil that he continues to claim in the Empire news releases that that stock went to $ 100. Well, it actually did, for just one day, then 5 years later (yes that is five years) the company gets taken over by Exxon at $ 50. Shows that Phil is a good stock promoter but a lousy operator. Why else would the Founder and CEO of InterOil be forced out by the Board in March 2013 and the company gets taken over in 2017 ?

EMPR bizarre trading activity

so this stock has been bouncing around by almost 10% on trades of little more than $100 bucks this morning! But fear not, those operating this thing will come in before the close and buy enough to print a nice close. But heaven help any real owners out there, of any size, (if there any) who ever decide to exit.....

Mulacek's changing bankers

It seems that UBS now banks the Mulaceks after JPMorgan kicked them all out in 2014 for reasons unknown. Quite strange for JPM to wilingly lose a client like Mulacek, wonder what they found in his accounts?

Whatever happened to Mineral Resources?

In last year's announcement Empire Petroleum said that PIE and Mineral Resources (funded by Phil Mulacek) had bought 40% of EMPR Texas. Since then no mention in any of EMPR's SEC filings (again don't let us wake you from your slumber there SEC.....). Mineral Resources appears to be run by Gerard Jacquin the mysterious financier living in France, together with Phil Mulacek and Alain and Marc Vinson, Phil's nephews. Spend any time looking at the trading activity, filings and shareholder roster and you start to wonder if there any shares in Empire Petroleum not controlled directly or indirectly by the Mulaceks.....

More Empire Petroleum &Energy Evolution Fund manipulations

So how real a 'company' is Empire Petroleum? Well yesterday 100 shares traded at 2.77 and right after just 4,500 shares of selling tanked the stock down to 2.27. I.e. just over $10k of selling tanked this stock 50 cents - almost 20% - and wiped almost $40m off the market cap in a split second. This before the people behind this operation gathered the troops and managed to cover up the damage the 'real' seller had done by buying it back up to close at $2.95. Even the pump n' dumpers in Belize dont let themselves look quite this obvious. Dont let us wake you up there SEC....All of this consistent with a company held by friends, family, fools and/or their (generally offshore) nominees in a tight knit group controlled by the Mulaceks

But this is only half of the scheme. The other half is the Energy Evolution Fund in Texas controlled by Phil's son Sterling. This has the vast majority of its capital deployed in Empire Petroleum, with Phil contributing much of its Empire Holdings in in-kind subscriptions (nice way tfor him to exit this dog without having to sell it in the open market like the poor sap did yesterday heh). As Empire Petroleum share price is moved up it generates 'performance' in this fund they hope will let them raise money into it to keep the whole charade alive and let them take real cash out.

Remember also that the Cayman Islands Fund has a feeder fund in USA which purports to channel investors funds to the Caymans where there is no regulatory oversight and that Fund can make any investment its managers want. And they are Sterling Mulacek and Marc Vinson who allegedly did a $ 350 million farm out deal but no details are released. Highly suspect. Phil Mulacek assigned all these EMPR positions to the Fund to help out Sterling and Marc whose investments clearly did not live up to expectations. That's why Phil needs to desperately hold up the price of EMPR. If Energy Evolution Fund ever had redemptions and had to sell EMPR securities this stock would of course collapse.

Phil Mulacek's labyrinthine offshore shenanigans

What does Phil Mulacek who now has taken full control of Empire Petroleum need to hide abroad? Why has he been using offshore companies since the 1990's? Companies in Bahamas, Cayman Islands, Barbados, Turks and Caicos, Seychelles, Cyprus, British Virgin Islands. All of them jurisdictions where one cannot find out who the Directors are, who the shareholders are, and where there is no transparency about financial transactions and no Regulator looking over your shoulder. Mulacek and cousin Gerard Jacquin took control of Kina Petroleum which was listed on the Australian Stock Exchange. After the stock price collapsed by 90% Phil delisted the stock and moved the company to the British Virgin Islands, since then escaping any scrutiny of his actions by any Regulator. Is he going to do the same with Empire ? Will it end up in the Cayman Islands too?