Pan African Resources Posts Record Gold Output, 114% Revenue Jump to $1.1 Billion

Nativo Resources has signed a conditional letter of intent with Chancery Royalty for project finance and an equity subscription to complete construction and commissioning of phase one of the La Patona Gold Ore Processing Plant in Acarí, Peru. Under the terms, Nativo is expected to receive $3.5m, or £2.62m, in project finance paid through seven equal monthly instalments of $500,000 each, with the first instalment due no later than 31 December 2026 subject to definitive documentation. A separate equity subscription valued at £600,000 will be completed in two stages: a first tranche of 142,857,143 new ordinary shares at 0.21p each to raise £300,000, expected to complete 60 days after the agreement, and a second tranche of an identical number of shares to be settled by the end of September 2026, together granting the new investors a combined 17.4% stake in Nativo's enlarged issued share capital. In return, Chancery will receive a 6% gross revenue share on gold produced at La Patona until receipts equal 3,034 troy ounces of gold. Nativo CEO Stephen Birrell said the agreement provides a clear and fully funded pathway to complete construction and commissioning of La Patona Phase 1, and the company expects the 70 tonnes per day plant to take approximately five to six months to build and commission once resumed, with commissioning targeted for the second quarter of 2027 and future expansions to 350 tonnes per day funded from phase one cash flow.

Empress Royalty Corp. announced that trading in its common shares is scheduled to resume at market open on Friday, September 18, 2026, after being halted by the Canadian Investment Regulatory Organization on September 17, 2026 pending news of a US$62M acquisition and related US$75M debt financing. The company's wholly-owned subsidiary, Empress Royalty Holding Corp., has entered into a Stream Purchase Agreement with Appian Tongon Streamco Ltd. to acquire a gold stream on the Tongon Gold Mine in Côte d'Ivoire for an upfront cash payment of US$62M. In connection with the acquisition, Empress Holdings, as borrower, has also entered into a US$75M senior secured credit facility with Appian Empire Loanco Ltd., consisting of an initial draw of US$55M at closing to partially fund the acquisition and a further US$20M available to fund future royalty and stream acquisitions. CEO and President Alexandra Woodyer Sherron called the Tongon gold stream a landmark addition to Empress' portfolio and the company's entry into West Africa, one of the world's premier gold producing regions. The company said full details of the transaction are set out in its news release dated September 17, 2026.