Investment Highlights
- Focus on Silver – Silver Crown Royalties (CBOE: SCRI | OTCQX: SLCRF | FRA: QS0) focuses entirely on silver as a by-product, unlocking untapped value potential in existing mining projects.
- Diversified Portfolio – Holdings in producing, developing and exploring projects in North and South America with the aim of limiting the risk per project to a maximum of 10% of the capital invested.
- Attractive Returns – Existing royalties with expected internal rates of return (IRR) between 15% and 50%, based on secured minimum deliveries and growth-oriented bonus payments.
- Capital Discipline and Growth – Target of more than 78,000 silver equivalent ounces per year by 2026, representing over 300% revenue growth compared to 2023.
- Experienced Management – Team of mining engineers, geologists, finance experts and capital market strategists with decades of experience in international transactions.
- Solid Financing – Successfully oversubscribed capital increase of CAD 3.3 million (October 2025) to finance ongoing royalty transactions and further portfolio expansions.
Company & Strategy
Silver Crown Royalties Inc. is a publicly traded royalty company based in Canada that specializes in the acquisition and monetization of silver interests in existing and new mining projects. The business model is based on acquiring small economic interests – typically less than 5% of the project economics – and creating additional value from them without affecting the operational structure of the mine operators.
Since silver accounts for only a small portion of production in many polymetallic deposits, these interests are often neglected by operators. Silver Crown identifies, evaluates and purchases precisely these undervalued silver interests, creating a recurring cash flow for its shareholders.
The company pursues a balanced investment approach:
- 50% of the capital in producing assets,
- 30% in development projects (3–5 years to production),
- 20% in exploration royalties.
The goal is to combine steady income from ongoing production with the growth potential of future projects.
Silver Crown invests in a disciplined manner: No single project should account for more than 10% of the total investment volume. This diversification reduces risk while allowing the portfolio to be scaled gradually without creating operational dependencies.
Market Environment
The Silver Market
Silver is a metal with a unique combination of industrial and monetary demand. Approximately 80% of the annual silver supply comes from mines where silver is a by-product of other metals – mostly gold, copper, zinc or lead. This structure makes the market fragmented and inefficient, which in turn offers opportunities for specialized royalty companies like Silver Crown.
Long-term demand for silver is supported by structural trends:
- Growing application in photovoltaics and electronics,
- Increasing consumption in electromobility and battery technology,
- Investment and hedging function in the precious metals sector.
Geographic Focus
Silver Crown focuses on projects in North and South America, regions with stable political frameworks and established mining infrastructures. This geographic focus ensures access to proven resources, reliable permitting processes and qualified partners.
Project Portfolio
Silver Crown Royalties’ portfolio consists of a combination of producing, advanced and near-development projects that together form a sustainable growth base. The five royalty agreements currently completed or in the final stages of completion already generate stable revenues and secure future value appreciation.
Fig. 1: Project portfolio of Silver Crown Royalties
Elk Gold (Canada) – Producing Asset
The Elk Gold Mine delivers a minimum of 6,000 ounces of silver per year with the potential to scale up to 40,000 ounces. The transaction included an upfront payment of CAD 3.0 million, a bonus package of CAD 3.5 million and an equity stake. The expected internal rate of return (IRR) is approximately 15%.
Fig. 2: Location of the Elk Gold Mine in British Columbia.
PGDM (Canada) – Producing Asset
A 90% Silver NSR (Net Smelter Return) on ongoing production operations. This interest guarantees at least 16,000 silver ounces annually with a possible increase to up to 40,000 ounces. The structure includes an upfront payment of CAD 2.7 million as well as CAD 2.1 million in equity and bonus payments. Expected return: 19% IRR.
BacTech (Ecuador) – Development Project
This 90% Silver NSR royalty relates to a processing plant where silver is produced as a by-product. The project envisages a minimum production of 35,000 silver equivalent ounces per year, with a total lifetime production of over 350,000 ounces. The agreement includes CAD 1.0 million in equity and CAD 3.0 million in bonus payments for the start of production. Expected return: 21% IRR.
PPX (Peru) – Producing, Closing Phase
A 15% Silver NSR on the producing Igor Mine in Peru. The agreement provides for an upfront payment of USD 2.5 million, with a guaranteed lifetime delivery of over 200,000 ounces of silver. An additional bonus payment of USD 2.5 million is due if silver production doubles. The minimum annual delivery is 56,300 ounces, which corresponds to a potential IRR of 50%.
EDM Resources – Restart-Stage Project
A royalty agreement with annual silver deliveries of between 7,000 and 14,000 ounces. The agreement is based on an upfront payment of CAD 1.0 million and has a projected return of 25% IRR.
These five core projects form the basis for Silver Crown’s goal of reaching over 78,000 silver equivalent ounces per year by 2026. This corresponds to more than a tripling of sales compared to 2023.
Fig. 3: Overview of the SCRi royalty portfolio in the Americas.
Outlook
With the successful capital increase in October 2025 of CAD 3.3 million, Silver Crown is strengthening its financial base and plans to use the funds specifically for the expansion of existing and new royalty agreements. Priority is given to:
- Completion of the PPX and EDM transactions,
- Acquisition of new silver royalties in established mining districts,
- Expansion of the portfolio to value chain assets such as mills, refineries and recycling plants.
The company is thus positioning itself as a pioneer of a new royalty model that focuses exclusively on silver, thereby opening up a segment that has so far received little attention in the market.
In the long term, Silver Crown aims to build a scalable, diversified cash flow portfolio that delivers stable returns both in phases of rising precious metal prices and in consolidation phases.
Management
The Silver Crown Royalties leadership team combines technical expertise, capital market experience and operational competence from decades in global mining.
- Peter Bures – Founder, Chairman & CEO
Geological engineer with over 25 years of experience in the mining and capital markets industry. Previous positions include BMO Capital Markets, Canaccord Genuity and Star Royalties. - Hassnain Raza – Chief Financial Officer
CPA with over 20 years of experience in international finance functions (KPMG, Namaste Technologies). Founder of a CFO consulting firm for SMEs. - Patrick Sullivan – Corporate Secretary
Partner at Fasten Martineau DuMoulin LLP, specializing in M&A, royalties and joint venture transactions in the mining sector. - Philip van den Berg – Independent Director
Over 35 years of experience in the European capital market, including Goldman Sachs and Deutsche Morgan Grenfell. - Peter Schloo – Independent Director
CPA, CA, CFA with many years of experience in the capital market and as CEO of Heritage Mining Ltd. - Technical Advisors:
Mitchell E. Lavery, Frank Balint and Wray Carvelas together bring over 100 years of experience in exploration, development, project management and strategic leadership.
This combination of technical depth and financial discipline forms the basis for the company’s sustainable growth.
Conclusion
Silver Crown Royalties Inc. has positioned itself as a specialized player in the global precious metals sector – with a clear focus on silver, a market that is often overlooked but of growing industrial and monetary importance. The company leverages the niche of by-product silver production to generate stable and diversified earnings while consistently limiting the risk of individual projects.
The combination of structured growth, high capital discipline, strong management team and solid financial base gives Silver Crown the potential to establish itself as one of the leading players in the emerging segment of silver royalties. With a clearly defined target path – 78,000 silver equivalent ounces by 2026 – and ongoing acquisitions in North and South America, the company is on the cusp of a new growth phase. In a market environment that is increasingly characterized by demand from technology, the energy transition and investment hedging, Silver Crown Royalties offers investors an attractive combination of substance, stability and growth potential.
