EDM Resources Inc (TSX-V:EDM, OTC:SWNLF) said on Friday that it has strengthened its financial position after adding about $900,000 to its treasury through a mix of non-dilutive asset monetization and warrant exercises.
The company sold 20,000 Silver Crown Royalties Inc. (SCRi) common shares for approximately $400,000 in proceeds. SCRi is a publicly traded royalty company focused on acquiring silver royalty interests tied to producing or near-term mining projects.
Following the transaction, EDM said it still holds 40,000 SCRi common shares and 60,000 SCRi warrants. Based on recent SCRi trading prices, the company estimates the market value of its remaining SCRi share position at about $700,000, with the warrants offering additional potential upside subject to their terms.
EDM noted that recent strength in global silver prices has supported improved valuations among silver-focused royalty and mining companies, including SCRi, though commodity prices remain volatile. The partial monetization of the position was undertaken to bolster the balance sheet while retaining exposure to potential gains, the company said.
Separately, the exercise of previously issued EDM warrants contributed roughly $500,000 in cash.
In total, the company said it has added about $900,000 to its treasury in recent weeks, improving financial flexibility as it advances final permitting, gold exploration, updated mineral resource work, and development initiatives at the Scotia Mine. EDM said the stronger balance sheet is expected to support execution of near-term milestones while preserving capital allocation flexibility.
“Together with the partial exercise of warrants and monetization of our Silver Crown position, we added approximately $900,000 to the Company’s treasury,” EDM Resources CEO Mark Haywood said in a statement.
“This materially strengthens our balance sheet while preserving meaningful upside exposure to silver through our remaining SCRi holdings. We are well-positioned to advance key milestones at the Scotia Mine.”