Jeremy Gray, CEO of Chancery Royalty, says the company is pivoting from operating mines to building a gold-and-silver royalty portfolio and aims to scale from roughly 4,000 GEOs to 20,000 GEOs over two years. He highlights fast-moving dealmaking, a focus on hidden/private opportunities, a recent KEFI royalty in Ethiopia, and an upcoming CSE listing in Q3.
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Jeremy Gray presents Chancery Royalty as a fast-growing gold and silver royalty business built by an experienced mining team that is shifting away from direct mine operations. He says the company already has five royalties, with one producing now, and expects all four remaining royalties to become producing over the next 12 to 18 months. The core pitch is that the company is deliberately moving from operating mines into royalties, which he frames as a better fit for capital allocation and scaling. The investment criteria are narrow and explicit: gold and silver only. Gray says the team looks for deals where it has industry relationships and can identify assets that are private, overlooked, or otherwise hidden away, but still capable of producing meaningful GEOs. …
Tactically, the setup is about incoming catalysts: a CSE listing, potential royalty announcements, and nearby production milestones. The main risk is that the story is still mostly promise-driven until those events close and are publicly documented.
Over the next few months, the base case is continued portfolio buildout and a higher profile if new royalties are announced and production starts arrive on schedule. If deal flow slows or timelines slip, the growth narrative could lose momentum quickly.
Structurally, the interview argues for a precious-metals royalty platform rather than an operating miner, with value created by sourcing hidden assets and scaling GEO exposure. The durability of the thesis depends on whether Chancery can repeatedly source and finance accretive royalties over time.
Chancery Royalty currently has five royalties and expects all four remaining royalties to become producing within 12 to 18 months.
This is the speaker's core operating update and growth timeline.
The company is intentionally moving away from daily mining operations to build a royalty business.
Explains the strategic shift from operator to royalty holder.
Chancery focuses only on gold and silver royalties and looks for hidden or private assets that can generate meaningful GEOs.
Defines the screening criteria for deal sourcing.
What kind of royalty opportunities are you looking to invest in?
He says Chancery is focused purely on gold and silver royalties. The team looks for private or less visible assets with large GEO potential and examples include a royalty in Ethiopia and another in British Columbia.
What is your target growth in GEOs over the next two years?
Jeremy says the company wants to grow from 4,000 GEOs to 20,000 GEOs over the next two years. He says that would make them a substantial and aggressive player in the royalty space.
What is happening over the next few months and through the summer?
He says the phone is ringing and the market has pulled back, creating opportunities. He expects to announce a royalty in Timmins and is also working on a large soon-producing royalty elsewhere, while preparing for a CSE listing.
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