Almadex Minerals (DEX.V) is selling a portfolio of its net smelter return royalty interests to Empress Royalty (EMPR.V) for $2.5 million.
Payment will consist of $1 million in cash and 2.6 million Empress shares, valued at $1.5 million. The portfolio includes certain 1.5% and 2.0% net smelter return royalties on precious and base metal projects, including royalties located in Mexico, British Columbia, Yukon and Nevada, a statement said.