EMX Announces the Receipt of $3.4M and a 2.5% NSR Royalty on the Close of the Superior West Option Agreement with Kennecott Exploration
Rhea-AI Summary
EMX (NYSE American: EMX) announced that Kennecott Exploration Company, a Rio Tinto subsidiary, exercised its option to purchase the Superior West Project in central Arizona on November 6, 2025.
EMX received the final option payment of $3,407,383 and retained a 2.5% NSR royalty on the project. The project was originally acquired by EMX through staking after target generation work and was optioned to Kennecott in 2015. The transaction expands EMX's royalty portfolio and reflects the company's model of acquiring low‑cost targets and advancing them via partner-funded exploration.
Positive
- $3,407,383 final option payment received
- Retained a 2.5% NSR royalty on Superior West
- Option exercise by Kennecott (Rio Tinto subsidiary) confirms partner interest
- Project had been optioned since 2015, reflecting multi-year advancement
Negative
- None.
News Market Reaction
On the day this news was published, EMX declined 3.57%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2025) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the "Company" or "EMX") is pleased to announce that Kennecott Exploration Company ("KEX"), a subsidiary of the Rio Tinto Group, has exercised its option to purchase EMX's Superior West Project, located in central Arizona, and in connection therewith EMX is in receipt of the final option payment of
EMX acquired the Superior West Project by staking open ground after target generation activities in the greater Superior and Globe-Miami porphyry districts, which ultimately resulted in the acquisition of multiple key property positions within these prolific districts. The project was optioned to KEX in 2015 and advanced through various field programs. KEX's exercise of the option to purchase highlights the strength of EMX's royalty generation model, in which targets and related mineral rights are acquired at minimal cost to shareholders, then advanced through partnerships with leading exploration and mining companies. EMX receives cash payments and retains royalty interests, expanding its growing global portfolio.
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 | Stefan Wenger Chief Financial Officer Phone: (303) 973-8585 SWenger@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 June 30, 2025 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2024, 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/273371
FAQ
What did EMX announce about the Superior West sale on November 6, 2025?
How much cash did EMX receive from Kennecott for the Superior West project (EMX)?
What royalty interest did EMX keep on the Superior West project (EMX)?
Who exercised the Superior West option and what is their parent company (EMX)?
When was the Superior West project originally optioned to Kennecott (EMX)?
How does this transaction affect EMX's business model and portfolio (EMX)?
