8-K: Streamex Acquires 9.9% Stake in Empress Royalty

Streamex Corp. has acquired a 9.9% equity interest in Empress Royalty Corp. through a share-for-share transaction valued at US$12.2 million.

Summary

• Streamex Corp. acquired 12,671,297 common shares of Empress Royalty Corp., representing a 9.9% equity interest.
• The acquisition was made from Terra Capital Natural Resources Fund Pty Ltd.
• Streamex issued 2,443,750 shares of its common stock at an implied price of US$5.00 per share.
• The aggregate transaction value is US$12,218,751.00.
• The transaction aligns with Streamex's strategy to expand into real-world, yield-generating commodity assets and integrate traditional commodities with regulated digital asset infrastructure.

Sentiment

Score: 8

Explanation: The filing presents a strong positive outlook due to a strategic acquisition at a premium valuation, aligning with the company's core mission of integrating real-world assets with digital infrastructure. Management commentary is highly optimistic, and the involvement of a leading institutional investor adds credibility. The risks mentioned are general forward-looking statement disclaimers rather than specific immediate concerns.

Positives

• Acquisition provides direct exposure to Empress's portfolio of gold and silver royalty and streaming assets.
• Transaction executed at a premium STEX share price of US$5.00, higher than the US$3.90 from the previous equity financing in August 2025.
• Strengthens Streamex's foundation for developing regulated, on-chain infrastructure for asset-backed financial products.
• Aligns Streamex with a leading institutional investment firm, Terra Capital, which is now a long-term partner.

Risks

• Fluctuations in the price of precious metals could impact the value of the investment.
• Market demand for digital securities and tokenized assets may affect Streamex's broader strategy.
• Regulatory developments could impact operations and strategic initiatives.
• Geopolitical factors may introduce uncertainties.
• Technological challenges could arise in developing and integrating digital asset infrastructure.

Future Outlook

Streamex aims to expand its exposure to real-world, yield-generating commodity assets and integrate traditional commodities with regulated digital asset infrastructure. The company plans to accelerate the adoption of real-world asset tokenization across global markets and continue developing regulated, on-chain infrastructure for new asset-backed financial products, including gold, silver, royalties, and streams.

Management Comments

• "We are very pleased to complete this transaction and to align Terra Capital with the Streamex team. Streamex is building one of the most forward-thinking platforms in the real-world asset space, and we believe their vision for bringing commodity-backed assets into modern financial infrastructure is both compelling and timely. This transaction represents a strong outcome for our fund, and we are excited to be long-term partners alongside Streamex as they continue to grow their footprint in the commodities and tokenization sectors." Jeremy Bond, CEO of Terra Capital Natural Resources Fund Pty Ltd.
• "Securing a 9.9% strategic position in Empress Royalty Corp. is an important milestone for Streamex as we advance our mission to expand deeply into the commodities space. Empress's portfolio gives us direct exposure to real, cash-flowing precious-metal assets that complement our broader strategy of building institutional pathways for tokenized commodity markets. This investment strengthens our foundation as we continue developing regulated, on-chain infrastructure for a new generation of asset-backed financial products across gold, silver, royalties and streams." Henry McPhie, CEO of Streamex.

Industry Context

This transaction reflects a growing trend of integrating traditional commodity assets with modern digital infrastructure, particularly in the real-world asset (RWA) tokenization space. Streamex's move into precious metals royalties and streams through Empress Royalty Corp. positions it within the broader financial technology sector that seeks to bridge conventional finance with blockchain-enabled markets, aiming for increased transparency, liquidity, and accessibility for institutional investors.

Stakeholder Impact

• Shareholders (Streamex): Dilution from new share issuance (2,443,750 shares), but gain exposure to precious metals royalties and streams, potentially enhancing long-term value.
• Shareholders (Empress Royalty): Terra Capital, a significant shareholder, has exchanged its Empress shares for Streamex shares, indicating a strategic shift.
• Terra Capital: Becomes a shareholder in Streamex, aligning with its vision for real-world asset tokenization.
• Customers/Partners (Streamex): Potential for new tokenized commodity products and expanded offerings.

Next Steps

• Streamex will continue to develop regulated, on-chain infrastructure for asset-backed financial products.
• Streamex aims to expand its footprint in the commodities and tokenization sectors.

Key Dates

Recommendation

The strategic acquisition of a 9.9% stake in Empress Royalty Corp. at a premium valuation of US$5.00 per STEX share, significantly above its prior financing price, signals strong institutional confidence and strategic execution. This move provides Streamex with direct exposure to cash-flowing precious metal assets, aligning perfectly with its stated mission to integrate real-world commodities with digital asset infrastructure. The positive commentary from both CEOs and the involvement of a reputable institutional investor like Terra Capital further bolster the investment thesis. This transaction positions Streamex for enhanced growth in the burgeoning real-world asset tokenization space, making it an attractive 'buy' for investors seeking exposure to this convergence of traditional and digital finance.

Keywords

Streamex, Empress Royalty, Terra Capital, Equity Investment, Royalty and Streaming, Gold, Silver, Commodity Assets, Tokenization, Real-World Assets, Digital Assets, Strategic Investment, SEC Filing, STEX, EMPR