Emx Royalty Stock Price, News & Analysis

EMX Royalty has signed four option agreements with Pacific Ridge Exploration for mining projects in the Western USA: Ripsey West (Arizona), Royston (Nevada), Red Star (Utah), and Mineral Hill (Wyoming). Under the agreements, Pacific Ridge can earn 100% interest in each project over five years by making cash payments totaling $240,000, issuing 1,375,000 shares, and completing $2,250,000 in exploration work per project.

Upon Pacific Ridge's exercise of each option, EMX will retain a 3% NSR royalty with partial buyback provisions, receive annual advance royalty payments starting at $25,000 per project, and milestone payments up to $3.5 million based on project advancement stages. The projects target various mineral deposits, including copper porphyry systems and epithermal gold-silver mineralization, in historically significant mining regions.

Pacific Ridge Exploration has entered into option agreements with Bronco Creek Exploration (BCE), a subsidiary of EMX Royalty , to acquire a portfolio of copper and gold projects in the United States. The agreement includes exclusive options to acquire 100% interest in four projects: Mineral Hill (Wyoming), Red Star (Utah), Ripsey West (Arizona), and Royston (Nevada).

The acquisition positions Pacific Ridge as one of North America's leading copper exploration companies, with projects in premier mining districts. The company plans to spin out its Yukon gold projects to create a new North American gold-focused exploration company. The new projects are all road accessible, allowing year-round exploration, and are located in mining-friendly states that rank highly in the Fraser Institute's 2023 annual mining survey.

EMX Royalty has announced the purchase of a 0.625% NSR royalty interest in the Urasar gold-copper project in northern Armenia, owned by Hayasa Metals. The acquisition is part of a Joint Acquisition Agreement with Franco-Nevada , which also acquired a 0.625% NSR royalty.

The combined payment of US$1 million (EMX: US$450,000, Franco: US$550,000) includes the 1.25% NSR royalty interest split between both companies and 500,000 share purchase warrants (250,000 each) exercisable within 18 months at C$0.22 per share. Both companies will have a right of first refusal on any future royalty or stream interest.

The Urasar project, acquired by Hayasa in 2023, is located along a regional structural zone with gold and copper mineralization. The site has historical significance, with French copper production during WWI and Soviet exploration in the 1920s-1950s. The project shows similarities to Armenia's largest gold deposit, Sokt, and is situated in a country with an active mining sector and favorable mining regulations.

EMX Royalty has entered into a Royalty Agreement with Minera Pampa de Cobre (MPC) for the Chapi copper mine in Peru. The agreement includes up to 2% Net Smelter Returns (NSR) on minerals from the 26,000-hectare property, plus up to 2% NSR on minerals processed at Chapi facilities from outside areas.

EMX paid US$3,000,000 for the first 1% NSR interest, with an option for MPC to sell an additional 1% for US$7,000,000 until February 28, 2025. The Property Royalty is perpetual, while the Facilities and AOI Royalties will be reduced by half in July 2034.

The Chapi Mine, historically producing 5,000-8,500 tonnes of copper annually during 2006-2012, is planned for restart by Quilla Resources, targeting 10,000 tonnes per annum of copper cathode production beginning in H1 2026. The mine is located in Peru's prominent copper-producing region, with grades previously mined at 0.59% - 1.04% copper.

EMX Royalty reported strong Q3 2024 results with significant growth in adjusted revenue. Excluding prior year catch-up payments, adjusted revenue increased by 23% and adjusted royalty revenue grew by 45% compared to Q3 2023. The company expects to exceed its 2024 adjusted royalty revenue guidance of $22-27.5 million, driven by strong performance from Caserones, Gediktepe, and Leeville operations.

Q3 2024 financial highlights include adjusted revenue of $9.66 million and adjusted royalty revenue of $8.82 million. The company maintained a strong working capital position of $41.83 million as of September 30, 2024. EMX secured a $35 million credit agreement with Franco-Nevada and continued its share buyback program, repurchasing 692,189 shares during the quarter.

EMX Royalty has signed an exploration and option agreement with Mila Resources PLC for its Yarrol, Mt Steadman and Queensland Gold projects. Under the agreement, EMX will receive AUD $25,000, 16 million Mila purchase warrants, and work commitments of AUD$450,000 in the first year. Upon option exercise, EMX will receive additional benefits including £110,000 in Mila shares, a 2.5% NSR royalty, and advance royalty payments starting at 20 ounces of gold. The projects, located in the Tasman Orogenic Zone of eastern Australia, contain historically defined gold resources and historic mining sites. Recent drilling at Yarrol yielded notable intersections including 17.8 meters averaging 4.01 g/t gold.

EMX Royalty reports significant exploration results from the Viscaria copper-iron-silver project in Northern Sweden, where it holds a royalty interest. Operator Viscaria Gruvaktiebolag has completed over 9,000 meters of drilling, revealing new mineralization zones extending from the 'D' and 'B' resource areas, plus a new 'ABBA' zone beneath the 'A' and 'B' areas. Notable results include 43.2m @ 1.12% Cu and 31.35% Fe and 13.3m @ 2.42% Cu and 4.96 g/t Ag. The project is expected to commence production in 2026, with EMX holding a 0.5% NSR royalty that increases to 1% after $12 million in payments.

EMX Royalty announces significant production increases at the Timok/Cukaru Peki Mine in Serbia by its royalty partner Zijin Mining. In H1 2024, the mine produced 90,008 tonnes of copper and 2,894 kilograms of gold, resulting in Q2 royalty revenues of $1,586,000 for EMX. Zijin is expanding the processing plant capacity from 12,000 to 15,000 tonnes per day, with a total annual copper production capacity reaching 450,000 tonnes across their Serbian operations. EMX holds various uncapped royalty interests, including a 0.3625% NSR royalty over the Brestovac permit area.

EMX Royalty has executed an exploration and option agreement for its Gumsberg Project in Sweden with Alpha Future Funds S.C.S. The agreement includes:

- A US$100,000 cash payment upon closing
- Work commitments during a one-year option period
- Upon option exercise, EMX will receive:
• Additional deferred option payments totaling US$850,000
• US$5,000,000 in project expenditures over five years
• Annual advance royalty payments
• A 2% NSR royalty
• Milestone payments

The Gumsberg polymetallic project is located in the Bergslagen Mining Region of southern Sweden, known for its long history of mining. The project includes multiple past-producing mining areas, notably the Östersilvberg silver mine. Recent drilling has discovered new silver-rich polymetallic mineralization at Östersilvberg, as well as zinc-lead-silver deposits at Fredikssongruvan and Vallberget-Loberget.