Welcome to our dedicated page for Emx Royalty news (Ticker: EMX), a resource for investors and traders seeking the latest updates and insights on Emx Royalty stock.
EMX Royalty Corporation (EMX: TSXV/NYSE) provides investors with strategic exposure to precious and base metals through its global royalty portfolio. This page serves as the definitive source for official company announcements, including exploration updates, partnership agreements, and financial disclosures.
Access curated EMX news spanning royalty acquisitions, project developments, and market analyses. Our repository ensures stakeholders stay informed about the company’s progress in mineral-rich regions like North America, Europe, and Latin America.
Key updates include earnings reports, joint venture announcements, and technical evaluations of mining properties. Bookmark this page for real-time insights into EMX’s royalty generation strategy and its role in mitigating operational risks inherent to resource extraction.
EMX Royalty (NYSE American: EMX) has announced the grant of security-based compensation under its equity incentive plan. The company has issued 1,442,400 stock options to its officers, directors, employees, and consultants, which are exercisable at C$2.47 per share over five years. Additionally, 647,000 restricted share units (RSUs) with performance criteria have been granted, subject to a 3-year cliff vesting provision. These RSUs can convert into up to 1.5 common shares based on performance metrics like total shareholder return and operational milestones. Furthermore, 132,000 RSUs without performance criteria have been issued to employees and consultants, vesting in three equal tranches over three years. All securities issued to officers and directors will be restricted from resale for four months and one day post-issuance.
EMX Royalty has entered into a credit agreement with a subsidiary of Franco-Nevada for a $35 million loan. The loan will repay the existing $34.66 million debt to Sprott Private Resource Lending II and support general working capital. The loan is a senior secured term loan facility maturing on July 1, 2029, with interest based on the company's debt-to-EBITDA ratio.
This agreement strengthens EMX's relationship with Franco-Nevada, a key shareholder, and a partner in royalty purchases and ventures. The loan includes provisions for a 1% commitment fee, voluntary prepayments up to $10 million annually without penalty, and security agreements over EMX's assets. Certain covenants restrict additional indebtedness and encumbrances and require subsidiary guarantees.
EMX Royalty reported strong financial results for the first quarter of 2024, with revenue and other income reaching $6,240,000 and adjusted royalty revenue standing at $7,657,000. The Company experienced significant growth in royalty production, particularly in gold and copper, and achieved record quarterly revenue from flagship assets like Timok. EMX is optimistic about continued growth in 2024, driven by investments in key projects like Caserones and Timok. The Company is also focused on expanding mineral resources, strengthening its balance sheet, and pursuing new royalty opportunities.
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