EMX Royalty Announces Commencement of New Normal Course Issuer Bid
EMX Royalty has announced the approval of a new Normal Course Issuer Bid (NCIB) following the successful completion of its original NCIB. Under the previous program, EMX repurchased and cancelled 5,000,000 shares at $1.65 per share, totaling $8,255,000 and representing 4.45% of outstanding shares.
The new NCIB, running from April 1, 2025, to March 31, 2026, allows EMX to purchase and cancel up to 5,440,027 shares (5% of current outstanding shares). The company is implementing an automatic stock purchase program through National Bank Financial Inc., with purchases to be made via TSX-V, NYSE American, and other designated exchanges. EMX cannot exceed purchasing 2% of outstanding shares in any 30-day period.
The company believes its share price may not always reflect underlying value and aims to enhance shareholder value and increase liquidity through these purchases, funded by available cash.
EMX Royalty ha annunciato l'approvazione di un nuovo Normal Course Issuer Bid (NCIB) dopo il completamento con successo del suo NCIB originale. Sotto il programma precedente, EMX ha riacquistato e annullato 5.000.000 azioni a $1,65 per azione, per un totale di $8.255.000, che rappresentano il 4,45% delle azioni in circolazione.
Il nuovo NCIB, che avrà luogo dal 1 aprile 2025 al 31 marzo 2026, consente a EMX di acquistare e annullare fino a 5.440.027 azioni (5% delle azioni attualmente in circolazione). L'azienda sta implementando un programma automatico di acquisto di azioni attraverso National Bank Financial Inc., con acquisti da effettuare tramite TSX-V, NYSE American e altri mercati designati. EMX non può superare l'acquisto del 2% delle azioni in circolazione in un periodo di 30 giorni.
L'azienda ritiene che il prezzo delle sue azioni potrebbe non riflettere sempre il valore sottostante e mira a migliorare il valore per gli azionisti e aumentare la liquidità attraverso questi acquisti, finanziati con liquidità disponibile.
EMX Royalty ha anunciado la aprobación de una nueva Oferta Normal de Compra de Emisor (NCIB) tras la exitosa finalización de su NCIB original. Bajo el programa anterior, EMX recompró y canceló 5.000.000 acciones a $1,65 por acción, totalizando $8.255.000 y representando el 4,45% de las acciones en circulación.
La nueva NCIB, que se llevará a cabo del 1 de abril de 2025 al 31 de marzo de 2026, permite a EMX comprar y cancelar hasta 5.440.027 acciones (5% de las acciones actualmente en circulación). La empresa está implementando un programa automático de compra de acciones a través de National Bank Financial Inc., con compras que se realizarán a través de TSX-V, NYSE American y otras bolsas designadas. EMX no puede exceder la compra del 2% de las acciones en circulación en un período de 30 días.
La empresa cree que el precio de sus acciones puede no reflejar siempre el valor subyacente y tiene como objetivo mejorar el valor para los accionistas y aumentar la liquidez a través de estas compras, financiadas con efectivo disponible.
EMX Royalty는 원래 NCIB의 성공적인 완료 후 새로운 정상 과정 발행자 입찰(NCIB)의 승인을 발표했습니다. 이전 프로그램에 따라 EMX는 5,000,000주를 주당 $1.65에 재구매하고 취소했으며, 총액은 $8,255,000으로 발행 주식의 4.45%를 차지합니다.
새로운 NCIB는 2025년 4월 1일부터 2026년 3월 31일까지 진행되며, EMX는 최대 5,440,027주(현재 발행 주식의 5%)를 구매하고 취소할 수 있습니다. 회사는 National Bank Financial Inc.를 통해 자동 주식 구매 프로그램을 시행하고 있으며, TSX-V, NYSE American 및 기타 지정된 거래소를 통해 구매가 이루어질 예정입니다. EMX는 30일 기간 동안 발행 주식의 2%를 초과하여 구매할 수 없습니다.
회사는 자사 주가가 항상 기본 가치를 반영하지 않을 수 있다고 생각하며, 이러한 구매를 통해 주주 가치를 향상시키고 유동성을 증가시키는 것을 목표로 하고 있습니다. 이러한 구매는 사용 가능한 현금으로 자금이 조달됩니다.
EMX Royalty a annoncé l'approbation d'une nouvelle Offre Normale d'Achat d'Émetteur (NCIB) suite à l'achèvement réussi de son NCIB original. Dans le cadre du programme précédent, EMX a racheté et annulé 5.000.000 d'actions à 1,65 $ par action, totalisant 8.255.000 $ et représentant 4,45 % des actions en circulation.
La nouvelle NCIB, qui se déroulera du 1er avril 2025 au 31 mars 2026, permet à EMX d'acheter et d'annuler jusqu'à 5.440.027 actions (5 % des actions actuellement en circulation). L'entreprise met en œuvre un programme d'achat d'actions automatique via National Bank Financial Inc., avec des achats devant être effectués via TSX-V, NYSE American et d'autres bourses désignées. EMX ne peut pas dépasser l'achat de 2 % des actions en circulation sur une période de 30 jours.
L'entreprise estime que le prix de ses actions peut ne pas toujours refléter la valeur sous-jacente et vise à améliorer la valeur pour les actionnaires et à augmenter la liquidité grâce à ces achats, financés par des liquidités disponibles.
EMX Royalty hat die Genehmigung eines neuen Normal Course Issuer Bid (NCIB) nach dem erfolgreichen Abschluss seines ursprünglichen NCIB bekannt gegeben. Im Rahmen des vorherigen Programms hat EMX 5.000.000 Aktien zu einem Preis von 1,65 $ pro Aktie zurückgekauft und annulliert, was insgesamt 8.255.000 $ entspricht und 4,45 % der ausstehenden Aktien ausmacht.
Das neue NCIB, das vom 1. April 2025 bis zum 31. März 2026 läuft, erlaubt es EMX, bis zu 5.440.027 Aktien (5 % der derzeit ausstehenden Aktien) zu kaufen und zu annullieren. Das Unternehmen implementiert ein automatisches Aktienkaufprogramm über die National Bank Financial Inc., wobei die Käufe über TSX-V, NYSE American und andere ausgewählte Börsen erfolgen. EMX darf in einem Zeitraum von 30 Tagen nicht mehr als 2 % der ausstehenden Aktien kaufen.
Das Unternehmen ist der Meinung, dass der Aktienkurs möglicherweise nicht immer den zugrunde liegenden Wert widerspiegelt, und zielt darauf ab, den Aktionärswert zu steigern und die Liquidität durch diese Käufe zu erhöhen, die durch verfügbare Bargelder finanziert werden.
- Successfully completed previous buyback of 5M shares worth $8.255M
- New program approved to repurchase up to 5.44M shares (5% of outstanding)
- Implementation of automatic stock purchase program for more efficient execution
- Company has available cash to fund the share repurchases
- Share price potentially trading below company's perceived intrinsic value
Insights
EMX Royalty's new 5% share buyback program sends a strong positive signal to the market. The company has already demonstrated its commitment by completing its original buyback program, repurchasing the full 5 million shares (4.45% of outstanding) at
The new program authorizes repurchasing up to 5.44 million shares over 12 months, which represents approximately 5% of outstanding shares. This increased allocation (both in percentage and absolute terms) indicates management's continued confidence in the company's intrinsic value and financial position.
Particularly notable is that EMX completed its previous buyback at
The automatic purchase program is also strategically valuable, enabling consistent buying during blackout periods. For a company with a
This buyback will mathematically increase ownership percentage for existing shareholders and likely provide price support in the market. With funding coming from available cash, the program indicates both healthy liquidity and management's belief that buybacks currently offer better returns than alternative uses of capital.
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2025) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the "Company" or "EMX") is pleased to announce that, after its successful completion of its Normal Course Issuer Bid (the "Original NCIB") on January 8, 2025, it has received approval from the TSX Venture Exchange ("TSX-V") of its Notice of Intention to commence a new NCIB (the "New NCIB") and a new automatic stock purchase program.
Under the Original NCIB, the Company repurchased and cancelled all of the 5,000,000 common shares (the "Shares") allowed for a total amount of
Under the New NCIB, the Company may purchase for cancellation up to 5,440,027 Shares, representing approximately
In connection with the New NCIB, the Company is initiating an automatic stock purchase program with its designated broker in compliance with applicable securities law and the rules and policies of the TSX-V, in order to purchase all or a portion of the Shares under its NCIB at times when the Company would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading policies or otherwise.
EMX believes that from time to time, the market price of its Shares may not reflect their underlying value and that the purchase of its Shares will enhance shareholder value and increase liquidity of the Shares. The Company intends to fund the purchases out of available cash.
All purchases made pursuant to the New NCIB will be made through the facilities of the TSX-V, NYSE American Stock Exchange ("NYSE American"), other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by applicable securities laws. The New NCIB will be made in accordance with the applicable rules and policies of the TSX-V, NYSE American and applicable Canadian and United States securities laws. The price that EMX will pay for Shares in open market transactions will be the market price at the time of purchase. Any Shares that are purchased under the NCIB will be cancelled. The actual number of Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. The Company is not obligated to purchase any particular number of Shares under the New NCIB and the New NCIB may be modified or suspended at the Company's discretion.
EMX has appointed National Bank Financial Inc. to make purchases under the NCIB on its own behalf.
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 EMX's normal course issuer bid, the Company's pre-defined plan with its broker to allow for the repurchase of Shares and the timing, number and price of Shares that may be purchased under the normal course issuer bid, 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 the market price of the Shares being too high to ensure that purchases benefit the Company and its shareholders, 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 year ended December 31, 2024 (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/246095
FAQ
How many shares can EMX Royalty purchase under its new NCIB program starting April 2025?
What was the total value and price per share of EMX's previous share buyback program?
What is the maximum percentage of shares EMX can purchase in a 30-day period?
Through which exchanges will EMX conduct its share buyback program?
Who is EMX's designated broker for the automatic stock purchase program?
