Business
Silver Crown Royalties Executes LOI With Kuya Silver for a Silver Royalty on the Bethania Silver Project
TORONTO, ONTARIO - June 20, 2025 (NEWMEDIAWIRE) - Silver Crown Royalties Inc. ("Silver Crown", "SCRi", or the "Company") (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce the signing of a Letter of Intent ("LOI") with Kuya Silver Corp. ("Kuya"...
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"TORONTO, ONTARIO - June 20, 2025 (NEWMEDIAWIRE) - Silver Crown Royalties Inc. ("Silver Crown", "SCRi", or the "Company") (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce the signing of a Letter of Intent ("LOI") with Kuya Silver Corp. ("Kuya" or "Kuya Silver") to acquire a 4.5% royalty on silver produced from Kuya's Bethania Silver Mine in Huancavelica, Central Peru.","length":441,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"The Newswire","className":"","disableSlideshowImg":false,"size":{"original":{"width":589,"height":1273,"url":"https://media.zenfs.com/en/newsmediawire_165/b5177af9cb150c96991269596dcdfb02"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cpcuEyEd8nOBUSTIBfCQIg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTIwNzU7Y2Y9d2VicA--/https://media.zenfs.com/en/newsmediawire_165/b5177af9cb150c96991269596dcdfb02","width":589,"height":1273}}},{"type":"text","content":"The Bethania Silver Mine, which resumed production in May 2024, includes the Bethania Mine and Carmelitas property and is accessible year-round via a 4-hour drive from Huancayo. The Bethania Silver Mine was previously operational until 2016.","length":241,"tagName":"p"},{"type":"text","content":"Under the terms of the LOI, Silver Crown will acquire the royalty for US$3,000,000 in cash and US$2,000,000 in Silver Crown units at C$6.50 per unit (the "Units") or the 5-day volume-weighted average price (VWAP) of SCRi's common shares (the "Common Shares") prior to closing. Each Unit will consist of one Common Share and one-half of a warrant, with each whole warrant exercisable at C$13.00 per Common Share for a period of three years.","length":463,"tagName":"p"},{"type":"text","content":"SCRi will receive: (i) 4,500 ounces of silver per quarter for the first four (4) quarters, (ii) 9,000 ounces per quarter for quarters five (5) through eight (8), and (iii) 12,375 ounces per quarter for quarters nine (9) through 40. After delivering 475,000 ounces, the royalty will reduce to 1% for the mine's remaining life.","length":329,"tagName":"p"},{"type":"text","content":"Peter Bures, Silver Crown's Chairman and Chief Executive Officer, commented, "We are excited to initiate a partnership with Kuya Silver that can potential...