EMX Announces Acquisition of Additional 1% NSR Royalty on the Chapi Copper Mine Property in Peru
Rhea-AI Summary
EMX Royalty has acquired an additional 1% Net Smelter Returns (NSR) royalty interest on the Chapi Copper Mine Property in Peru for US$7,000,000 from Minera Pampa de Cobre S.A.C. (MPC). This acquisition brings EMX's total NSR royalty on the property to 2%, representing a total investment of US$10,000,000.
The royalty agreement covers approximately 26,000 hectares and includes a 2% NSR on minerals produced from the property, as well as minerals processed at the Chapi Mine facilities from outside the property area. The agreement also features a two-kilometer area of interest (AOI), ensuring that any property acquired by MPC within this zone will be subject to the same 2% NSR royalty.
Positive
- Doubled NSR royalty position from 1% to 2% on Chapi Copper Mine Property
- Expanded royalty coverage to include minerals processed at Chapi facilities from outside the property
- Secured additional royalty rights through 2km area of interest provision
Negative
- Significant capital expenditure of US$7,000,000 for the additional 1% NSR
News Market Reaction – EMX
In the trading session that priced this news, EMX gained 1.14%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2025) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the "Company" or "EMX") is pleased to announce that the Company has, pursuant to Royalty Agreement ("Agreement") announced on January 6, 2025 with Minera Pampa de Cobre S.A.C. ("MPC"), acquired the additional
EMX now holds a
For more information on the Royalty Agreement and the Chapi Copper Mine Property, please refer to the Company's news release published on January 6, 2025.
About EMX - EMX is a precious and base 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". Please see www.EMXroyalty.com for more information.
For further information contact:
David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com
Isabel Belger
Investor Relations
Phone: +49 178 4909039
IBelger@EMXroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Statements
This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended September 30, 2024 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2023, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedarplus.ca and on the SEC's EDGAR website at www.sec.gov.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239095