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Thread: EMX Royalty

  1. #1

    Default EMX Royalty

    EMX Royalty (EMX) is also indexing up. It appears SSR Mining is selling it's non-core royalty holdings to EMX. Website: https://www.emxroyalty.com/
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  2. #2

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    "EMX Royalty Files Amended and Restated Timok Project Technical Report on SEDAR"

    https://www.emxroyalty.com/news/2021...port-on-sedar/
    American Legion Preamble: https://www.legion.org/preamble

  3. #3

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    American Legion Preamble: https://www.legion.org/preamble

  4. #4

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    "EMX Completes Initial Closing on the Royalty Acquisition on the Caserones Copper-Molybdenum Mine in Northern Chile

    Vancouver, British Columbia, August 23, 2021 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) – EMX Royalty Corporation (the “Company”, or “EMX”) is pleased to announce that it has completed the initial closing under the recently announced agreement to acquire an effective 0.418% Net Smelter Return (“NSR”) royalty on the operating Caserones Copper-Molybdenum Mine (the “Caserones Royalty”) located in northern Chile for US$34.1 million in cash (see EMX news release dated August 17, 2021)."
    American Legion Preamble: https://www.legion.org/preamble

  5. #5

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    "Vancouver, British Columbia, September 3, 2021 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) – EMX Royalty Corporation (the “Company”, or “EMX”) is pleased to announce that it has completed the second and final closing under the agreement to acquire an effective 0.418% Net Smelter Return (“NSR”) royalty on the operating Caserones Copper-Molybdenum Mine (the “Caserones Royalty”) located in northern Chile for US$34.1 million in cash (see EMX news releases dated August 17 and August 23, 2021).

    As previously reported, EMX formed a 50%-50% partnership with Altus Strategies Plc (“Altus”) (AIM: ALS; TSX Venture: ALTS; OTCQX: ALTUF) to acquire an effective 0.836% NSR royalty for US$68.2 million. EMX and Altus now each control an effective 0.418% royalty interest and each were responsible for US$34.1 million of the purchase price. EMX and Altus have formed a Chilean company, Minera Tercero, Spa (“Tercero”), of which EMX and Altus each own 50%. Tercero agreed to purchase 43% of the issued and outstanding shares of an underlying royalty holder, Sociedad Legal Minera California Una de la Sierra Peña Negra (“SLM California”), through a Share Purchase Agreement with 16 shareholders of SLM California to acquire ownership of 43% of SLM California’s issued and outstanding shares, and thereby indirect ownership of 43% of SLM California’s 1.944% NSR royalty interest in the Caserones property (i.e., a 0.836% NSR royalty interest, held as 0.418% by EMX and 0.418% by Altus).

    Under the first closing, Tercero acquired 33% of SLM California for US$52.3 million. The second and final purchase of the remaining 10% of the shares of SLM California has now been completed for US$15.9 million.

    The acquisition of the Caserones Royalty is expected to provide immediate enhancement to EMX’s royalty cash flow and to secure long-term proceeds from copper and molybdenum production in one of the world’s top mining regions."
    American Legion Preamble: https://www.legion.org/preamble

  6. #6

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    "Vancouver, British Columbia, October 21, 2021 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) – EMX Royalty Corporation (the “Company”, or “EMX”) is pleased to announce that it has closed the acquisition of a portfolio of royalty interests and deferred payments (the “Royalty Portfolio”) from SSR Mining Inc. and certain of its subsidiaries (“SSR Mining”) (see EMX news release dated July 29, 2021). The Royalty Portfolio consists of 16 geographically diverse royalties, with four royalty assets at advanced stages of project development, and includes U.S. $18 million in future cash payments to be made to the owner of the Royalty Portfolio (see Figure 1 and Table 1). EMX has paid U.S. $33 million in cash and issued 12,323,048 million common shares of the Company valued at U.S. $32.5 million to SSR Mining. EMX will also make deferred and contingent payments to SSR Mining of up to U.S. $34 million if certain project advancement milestones are achieved.

    Together with other recent advancements in EMX’s global royalty portfolio and strengthening of cash flows across the Company’s operations, the SSR transaction represents a key step in EMX’s continued development as a leading royalty company."
    American Legion Preamble: https://www.legion.org/preamble

  7. #7

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    "Vancouver, British Columbia, November 29, 2021 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) – EMX Royalty Corporation (the “Company”, or “EMX”) is pleased to announce receipt of a US $2.25 million payment for the Berenguela silver-copper project (“Berenguela” or the “Project”) in Peru from Aftermath Silver Ltd. (“Aftermath Silver”) (TSX-V: AAG; OTCQB: AAGFF). EMX’s interest in Berenguela resulted from the Company’s acquisition of a portfolio of royalty interests and payments from SSR Mining Inc. and certain of its subsidiaries (“SSR Mining”) (see EMX news releases dated July 29, and October 21, 2021).

    Aftermath Silver’s payment is per a definitive acquisition agreement, originally executed with SSR Mining, that outlined a series of staged cash payments (initially totaling US$13 million) and other consideration to acquire 100% interest in the Project, and upon commercial production that will pay a sliding-scale net smelter returns (“NSR”) royalty (see Aftermath Silver news releases dated October 1, and November 23, 2020). The payments are scheduled according to anniversaries of the transaction’s closing date of November 23, 2020 (the “Initial Closing Date”). Aftermath Silver’s cash payment and NSR royalty commitments to EMX for the Berenguela Project are outlined below.

    US$2.25 million cash to be paid on the first anniversary of the Initial Closing Date. This payment has now been received by EMX;
    US$2.5 million cash to be paid on the second anniversary of the Initial Closing Date (i.e., November 23, 2022);
    US$3 million cash to be paid on the fourth anniversary of the Initial Closing Date (i.e., November 23, 2024);
    Completion of a preliminary feasibility study (“PFS”) and filing on SEDAR of a National Instrument 43-101 technical report summarizing the PFS, within 48 months of the Initial Closing Date (i.e., on or before November 23, 2024);
    US$3.25 million cash to be paid on the sixth anniversary of the Initial Closing Date (i.e., November 23, 2026); and
    A sliding-scale NSR royalty on all mineral production from the Berenguela Project for the life of mine commencing at the declaration of commercial production, and based on the following:
    1% NSR royalty on all mineral production when the silver market price is up to and including US$25 per ounce;
    1.25% NSR royalty on all mineral production when the silver market price is over US$25 per ounce and when the copper market price is above US$2 per pound.

    EMX’s interest in Berenguela provides a source of immediate cash flow to the Company, as well as upside potential from future NSR royalty payments on silver-copper production from the Project. Berenguela, which is located in the Puno mining region of southern Peru, serves as a good example of the type of cash flowing mineral property asset that EMX is focused on adding to its growing royalty portfolio.

    Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company, has reviewed, verified, and approved the disclosure of the technical information contained in this news release.

    About EMX. EMX is a precious, base and battery metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”, as well as on the Frankfurt exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.

    For further information contact:

    David M. Cole
    President and Chief Executive Officer
    Phone: (303) 973-8585
    Dave@EMXroyalty.com

    Scott Close
    Director of Investor Relations
    Phone: (303) 973-8585
    SClose@EMXroyalty.com

    Isabel Belger
    Investor Relations (Europe)
    Phone: +49 178 4909039
    Ibelger@EMXroyalty.com"
    American Legion Preamble: https://www.legion.org/preamble

  8. #8

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    "EMX Royalty Corporation to submit a Notice of Arbitration to Zijin Mining Group Ltd

    Vancouver, British Columbia, December 17, 2021 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) – EMX Royalty Corporation (the "Company", or "EMX") reports that it will deliver a Notice of Arbitration to Zijin Mining Group Ltd ("Zijin") and its wholly owned subsidiary, Nevsun Resources Ltd. ("Nevsun") pursuant to the Net Smelter Returns Royalty Agreement dated March 16, 2010 by and between Reservoir Capital Corp. (of which Nevsun is a successor in interest), and Euromax Resources Ltd (of which EMX is the acquirer of Euromax Resources Ltd's royalty interest) ("Royalty Agreement").

    The rate of the royalty on the Timok Project in Serbia on the Brestovac East and Durian Potok Licences which cover the Cukaru Peki deposit is stated to be 0.5% ("Royalty Rate") under the Royalty Agreement. The decision to initiate arbitration arose from recent communication between parties where Zijin indicated to EMX that the Royalty Rate of 0.5% had been reduced to 0.125% and Zijin's failure to respond to our correspondence challenging this assertion and seeking clarification. Arbitration will be conducted in accordance with the commercial arbitration rules of the Commercial Arbitration Act (British Columbia), in British Columbia, and in accordance with British Columbia law.

    The Royalty Agreement contains a provision for the reduction of the Royalty Rate under certain express and specific circumstances, namely, the acquisition by Freeport McMoRan Copper & Gold Inc. or any affiliate of a direct, undivided, ownership interest in the properties that are the subject of the Royalty Agreement, solely by directly incurring certain types of expenditures on the properties. EMX does not believe that the circumstances which would have triggered the reduction of the Royalty Rate have occurred and therefore the Royalty Rate remains at 0.5%. The Royalty Agreement also expressly outlined the circumstances under which the Royalty Rate could not be reduced. The Royalty Agreement has been filed by EMX as a material contract of EMX on www.sedar.com ("SEDAR").

    As it is EMX's understanding that production has commenced, the Notice of Arbitration is necessary in order to preserve EMX's rights with respect to its royalty interests. EMX continues to believe that a dialogue and amicable discussions may allow the parties to reach a mutually acceptable outcome prior to the start of arbitral proceedings. The timing and outcome of any such discussions or arbitral proceedings with Zijin are not known at this time. The Company intends to take all necessary steps to protect its interests under the Royalty Agreement and will consider any other actions necessary to ensure its rights are preserved.

    Timok Project Overview. The Timok Project's Cukaru Peki deposit consists of a higher level body of high-grade, epithermal-style copper-gold mineralization referred to as the Upper Zone project, and a deeper body of porphyry-style copper-gold mineralization known as the Lower Zone project. Prior to its acquisition by Zijin, a Pre-Feasibility Study ("PFS") of the Upper Zone and resource estimate of the Lower Zone was completed by previous owner Nevsun, which was filed in August 2018 under Nevsun's profile on SEDAR. EMX used the aforementioned PFS as the basis for its NI 43-101 Technical Report - Timok Copper-Gold Project Royalty, Serbia dated July 30, 2021 and EMX is unaware of any new, publicly available material scientific or technical information that would make Nevsun's previous disclosures regarding the PFS inaccurate or misleading.

    Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company, has reviewed, verified, and approved the disclosure of the technical information contained in this news release.

    About EMX. EMX is a precious, base and battery metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol EMX, as well as on the Frankfurt exchange under the symbol "6E9". Please see www.EMXroyalty.com for more information.

    For further information contact:

    David M. Cole
    President and Chief Executive Officer
    Phone: (303) 973-8585
    Dave@EMXroyalty.com

    Scott Close
    Director of Investor Relations
    Phone: (303) 973-8585
    SClose@EMXroyalty.com

    Isabel Belger
    Investor Relations (Europe)
    Phone: +49 178 4909039
    Ibelger@EMXroyalty.com"
    American Legion Preamble: https://www.legion.org/preamble

  9. #9

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    "Update on EMX’s Balya North Royalty Property

    Vancouver, British Columbia, December 20, 2021 (NYSE American: EMX; TSX Venture: EMX, Frankfurt: 6E9) – EMX Royalty Corporation (the "Company" or "EMX") is pleased to provide an update on its Balya North lead-zinc-silver royalty property in northwestern Turkey. EMX retains an uncapped 4% NSR royalty on the Balya North development project. EMX representatives recently visited the Balya North operations to tour the project area and meet with operator Esan Eczacibaşi Endüstriyel Hammaddeler San. ve Tic. A.Ş. ("Esan").

    Esan has informed EMX that the development ramps to be used for production at Balya North are nearly complete with the first ramp having reached a length of 520 meters at an 8% grade to access the uppermost bodies of mineralization in the Balya North deposit (approximately 50 meters depth below the surface). A ventilation shaft that will also serve as a secondary escapeway (for safety purposes) has also been completed and initial production is underway.

    During ramp development, approximately 18,000 tonnes of lead-zinc-silver mineralized material were intersected by the workings and have been stockpiled on site. This material is now being processed at Esan's nearby mill facility.

    In addition, Esan has multiple drill rigs on site, testing the down-plunge extensions of the Balya North deposit and infill drilling the mineralized zones to improve their level of confidence. Esan has informed EMX that approximately 35,000 meters of exploration drilling have been completed thus far in 2021, and an additional 5,000 meters are planned to be completed in the current campaign. The new drilling is materially expanding the zones of known mineralization along trend and at depths in the system(s) (see Drilling Update below).

    In addition to the development work and ongoing drill programs, Esan is also reconfiguring portions of the processing lines at its nearby milling and concentrating facilities to accommodate the feed of new material from the EMX royalty property. This includes modifications to the lines that feed the fine material stockpiles and the addition of an automated sampler to collect representative samples of the Balya North materials as they are fed to the processing systems. It is expected that this work will be completed in early 2022.

    Drilling Update. Highlights from recent drilling completed by Esan are shown in Table 1 below. These include several notable intercepts from deep levels in the system (depths of greater than 700 meters), which show that mineralization at Balya North continues to be robust at depth and remains open in multiple directions. Intercepts from these depths have not yet been included in the in-house resource models, as more drilling will be needed to define the extents and limits of mineralization at deep levels.

    Also evident were multiple thick intervals of mineralization at shallower levels in the Balya North deposit. Like other parts of the system(s), silver tends to be highly enriched in lead-rich (galena) zones of mineralization, and this is nicely demonstrated by the recent drill results. Esan has informed EMX that it intends to continue its aggressive drill program in 2022.

    Table 1: Highlights from recent Balya North drilling

    Drill Hole


    From


    To


    Length
    (meters)*


    Pb %


    Zn %


    Ag ppm

    BKS-005


    830.6


    837


    6.4


    8.61


    0.16


    96.82

    BKS-020


    388.5


    408.6


    20.1


    8.05


    3.61


    101.15

    BKS-031


    783.5


    787.4


    3.9


    10.30


    5.08


    342.00

    BKS-057


    313.6


    330.6


    17


    5.83


    4.93


    61.28

    BKS-057


    343.4


    366.9


    23.5


    16.24


    5.24


    243.08

    BKS-066


    570.7


    596.2


    25.5


    2.80


    3.51


    163.91

    *as measured in drill core; true widths not reported and remain unknown

    Balya North Royalty Property Overview. EMX retains a 4% net smelter return ("NSR") royalty on its Balya North royalty property, which is situated in the historic Balya mining district of northwestern Turkey. Mining at Balya has taken place since antiquity, with several generations of historical operations. The district contains extensive zones of shear-zone hosted and carbonate replacement style ("CRD") lead-zinc-silver mineralization in addition to skarn and more copper-rich styles of mineralization developed at depth.

    Esan acquired the EMX royalty property at the end of 2019 (See EMX news release dated January 7, 2020) and is a private Turkish company that operates 40 mines and eight processing plants. Most importantly, Esan operates a lead-zinc mine and flotation mill on the property immediately adjacent to EMX's Balya North royalty property.

    EMX congratulates Esan on its ongoing development progress at Balya North and looks forward to additional updates as production progresses.

    Comments on Sampling, Assaying, and QA/QC. ESAN's drill samples were collected in accordance with industry standard best practices. The samples were submitted to ALS laboratories in Izmir, Turkey and Vancouver, Canada (ISO 9001:2000 and 17025:2005 accredited) for sample preparation and analysis. Silver and base metal analyses are determined by four acid digestion and ICP MS/AES techniques. Over-limit analyses are performed by atomic absorption, and in some cases (>30% Pb and >30% Zn) by volumetric titration techniques. ESAN performs routine QA/QC analyses on their assay results, including the utilization of certified reference materials, blanks, and duplicate samples.

    Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

    About EMX. EMX is a precious, base and battery metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol EMX, as well as on the Frankfurt Exchange under the symbol "6E9". Please see www.EMXroyalty.com for more information.

    For further information contact:

    David M. Cole
    President and Chief Executive Officer
    Phone: (303) 973-8585
    Dave@EMXroyalty.com"
    American Legion Preamble: https://www.legion.org/preamble

  10. #10

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    Sorry the chart didn't copy correctly. See: https://www.emxroyalty.com/news/2021...alty-property/
    American Legion Preamble: https://www.legion.org/preamble

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