Appian closes USD 75 million senior secured credit facility with Empress Royalty

• Appian closed a USD 75 million senior secured credit facility with Empress Royalty.
• Financing comprises a USD 55 million initial draw and USD 20 million commitment available for 12 months for mutually agreed royalty and stream acquisitions.
• Empress used part of the facility to acquire Appian's Tongon gold stream interest in Côte d'Ivoire for USD 62 million upfront.
• The facility carries a first-priority security interest over Empress' royalty and streaming assets.
• Appian also received warrants in Empress, providing equity-linked upside.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Appian Capital Advisory LLP published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.