Invest in a gold & silver royalty company before it goes public
- The fastest-growing precious metals royalty group in the world
- 7 royalty & equity positions in 6 countries, built in under 12 months
- Royalties received for the life of the mine
- Priced at 0.30x P/NAV vs peers at 0.93x–1.60x, ahead of a Q1 2027 Canadian listing
Round closes 27 November 2026
AS FEATURED IN
Chancery Royalty’s Current Portfolio
Chancery Royalty Ltd is a gold & silver focused royalty company with a near-term production portfolio and a clear path to becoming an emerging mid-tier royalty business.
Today Chancery has 7 royalties, predominantly in tier-one mining jurisdictions:
| Royalty | Country | Terms | GEOs / yr | Stage |
|---|---|---|---|---|
 | Brazil | 8% NSR → 3% NSRSteps down to 3% after 8 years, for the life of the mine | ~5,600 | Producing · Oct 2026 |
 | Canada | 6% NSR | ~480 | Producing |
 | USA | 90% NSR on silver90% of the silver by-product | ~473 | Producing |
 | Finland | 2.5% NSR | ~2,500 | Restarting · 2027 |
 | Peru | 6% GRS → 1.5% GRS6% until 3,034 oz of gold, then 1.5% for the plant’s life. Plus equity & warrants | ~900 | Development · Jun 2027 |
 | Ethiopia | 2.4% NSR + optionOption to buy a further 2.4% NSR for US$10M | ~8,160 | Development · mid-2028 |
 * | Papua New Guinea | 12% equity + optionOption to acquire a 1% NSR | — | Exploration · not in NAV |
NSR = net smelter return royalty. GEOs (gold equivalent ounces) a year at full run-rate, based on internal estimates. Targeted GEOs are indicative and may change depending on the timing of start-up and commencement of production at the underlying mines.
* Eagle Exploration is not included in Chancery Royalty’s NAV calculations.
From the founders of:
Path to Listing & Growth
Chancery’s royalty ounces are set to grow as Pilar Gold, Laiva Gold and Nativo ramp up and KEFI reaches full production in 2028. Ahead of a planned Canadian listing in Q1 2027, contracted GEOs rise from 4,551 in 2027 to 17,361 in 2029, and to 28,672 projected GEOs including the pipeline.
Annual GEOs to Chancery
Path to listing
- Oct 2026Pilar Gold restarts production
- 27 Nov 2026Series A round closes
- Q1 2027Planned Canadian listing
- 2027Laiva Gold and Nativo start production
- 2028KEFI reaches full production
- 2029E~17,400 contracted GEOs a year
GEOs = gold equivalent ounces a year. Contracted = producing, restarting and development royalties already owned, including KEFI. Projected = contracted plus pipeline deals. Internal estimates at US$4,000/oz gold & US$70/oz silver; indicative and forward-looking.
Why Now: Upside on Investment
The Series A is priced at 0.30x P/NAV, while listed royalty peers trade at 0.93x–1.60x. Each US$3.00 share is backed by US$10.77 of NAV, or 3.6x NAV for every dollar invested.
Significant valuation re-rating potential
Royalty companies routinely trade at premium valuation multiples, often 15–30x earnings or more. Chancery’s pre-IPO valuation is a fraction of its peers’, creating meaningful upside ahead of a valuation uplift in the public markets.
Exposure to gold without operating risk
Leverage to rising gold prices without the operating risk, capital requirements or cost overruns of traditional mining companies.
A timely entry before the planned IPO
Invest ahead of the anticipated Q1 2027 public listing, before the public-market re-valuation typically associated with mid-tier scale.
Price / NAV vs peers
Inside one Chancery share
US$3.86US$3.57US$2.03US$0.47US$0.47US$0.38= US$10.77 NAV per share * Eagle Exploration not included in the NAV calculations
P/NAV for peers per company reports and market prices (Sep 2026). Chancery NAV per share = each royalty’s NAV ÷ 37,545,828 pre-money shares (total US$404.5M). Internal estimates at US$4,000/oz gold & US$70/oz silver; 5% discount rate (KEFI 8%). Eagle Exploration carried at zero in the NAV estimates.
Chancery Royalty Equity Raise: Key Information
TYPE OF RAISE: Pre-IPO equity raise: Series A Strategic Expansion
DESCRIPTION: Chancery Royalty Ltd – A private Bermuda based gold & silver royalty company raising funds to grow its pipeline of gold offtake
COMPANY ASSETS: 7 royalties in tier one jurisdictions: 3 already producing, 2 on schedule to enter production in 2027, a development-stage gold mine targeting production mid-2028, and 1 exploration gold project
GO PUBLIC/ IPO DETAILS: Targeting a listing in Canada for Q1 2027.
RAISE AMOUNT: $10 Million at $3.00/ share
PRE RAISE MARKET CAP: ~$113 Million (~0.3 P/NAV)
IPO (LISTING) TARGET VALUATION: ~$400+ Million
TERMS: Private placement at $3.00 per share
OFFER CLOSE DATE: November 27, 2026
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Chancery Royalty Equity Raise
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