Empress Royalty agrees to buy Tongon gold stream for US$62 million

Empress Royalty agreed to buy Appian’s Tongon gold stream in Côte d’Ivoire for an upfront payment of USD 62 million. Stream delivers 3.58% of payable gold until 400,000 ounces, then 2.93% to 600,000 ounces, then 0.81% for about 29 years. Per-ounce purchase price set at 0.5% of the prevailing gold market price at delivery. Funding includes a USD 75 million senior secured credit facility from Appian, with a USD 55 million initial draw at closing. Facility carries 7.5% interest plus three-month Term SOFR, with a 3.5% Term SOFR floor, over a 36-month term. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Empress Royalty Corp. published the original content used to generate this news brief on September 18, 2026, and is solely responsible for the information contained therein. (C)