Mining

Chancery’s New Cariboo Gold Royalty In Context

Vox Markets
Vox Markets•Apr 15, 2026

Why It Matters

The royalty instantly adds gold exposure and accelerates Chancery’s path to a 20,000‑ounce portfolio, enhancing shareholder value while limiting operational risk.

Key Takeaways

  • •Chancery acquires 6% LOM royalty on Cariboo Gold.
  • •Cariboo aims to start production in May, 7‑8k oz/year.
  • •Royalty adds 400‑450 gold-equivalent ounces to Chancery’s portfolio.
  • •Forecasted total production rises to 19‑20k oz by 2028.
  • •No royalty cap or step‑down, $0 per ounce baseline.

Summary

Chancery Mining announced a new life‑of‑mine (LOM) royalty on the Cariboo Gold project, owned by veteran placer miner Lester Sorenson. The 6% royalty carries no price floor, cap, or step‑down, and is priced at $0 per ounce, giving Chancery direct exposure to Cariboo’s upcoming output. The Cariboo operation, which has been under development for eight years, is slated to begin production as early as May, targeting 7,000‑8,000 gold ounces annually. That modest flow translates into an incremental 400‑450 gold‑equivalent ounces for Chancery’s portfolio, a tangible boost to its 2026‑2028 production forecasts. Lester Sorenson, 65, is highlighted for his relentless work ethic and passion, qualities that Chancery believes will drive early cash flow. The royalty’s structure—no cap, no step‑down—means Chancery will capture the full upside as Cariboo scales, aligning with the firm’s broader strategy of leveraging royalty assets for low‑cost exposure. With Chancery projecting 4,000 ounces in 2026, 8,000 in 2027, and nearly 12,000 in 2028, the Cariboo addition pushes the 2028 outlook toward 20,000 ounces once the larger Kathy royalty comes online. The deal strengthens Chancery’s growth trajectory and diversifies its revenue stream without capital‑intensive mining operations.

Original Description

Find out more about this Pre-IPO Investment Opportunity: https://www.chanceryroyalty.com/chancery-royalty-equity-raise?SQF_LEAD_SOURCE=vx
Chancery Royalty is in the process of adding two new royalties to its portfolio of gold royalties, one in Canada and one in Central Asia. The company will then hold six royalties in total, including one over the Tulu Kapi gold mine in Ethiopia, currently being developed by KEFI. The plan is to list in Canada shortly via a reverse takeover, and potential investors still have the opportunity to participate. Chief executive Jeremy Gray joins us to tell us what the plans are, what the opportunity is, and where he thinks the gold price is going.
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