Welcome to our dedicated page for EMX Royalty Corporation news (Ticker: EMX), a resource for investors and traders seeking the latest updates and insights on EMX Royalty Corporation stock.
EMX Royalty Corporation (symbol: EMX), headquartered in Vancouver, Canada, is a precious and base metals royalty company that strategically engages in the acquisition, exploration, and evaluation of diverse metal and mineral properties. Specializing in the generation and acquisition of royalty interests, EMX focuses on precious metals like gold and silver, as well as base metals such as copper, molybdenum, lead, zinc, nickel, cobalt, and iron. The company's portfolio spans across North America, Europe, Türkiye, Latin America, Morocco, and Australia, showcasing its global reach and diversified asset base.
EMX augments its royalty generation with strategic investments and acquisitions, creating a robust pipeline of opportunities. Recently, the company has made significant strides in its projects, including the Sagvoll and Meråker polymetallic projects in Norway. These projects, in collaboration with Lumira Energy Ltd., provide EMX with substantial Net Smelter Return (NSR) royalty interests, cash, equity payments, and work commitments.
In addition to its Norwegian ventures, EMX has acquired a royalty interest in the Mustajärvi gold project in Finland’s Central Lapland Greenstone Belt. This strategic acquisition offers potential for future gold discoveries, boosting EMX's royalty portfolio. Furthermore, the company's revenue has seen a marked increase, attributed to royalty payments from the Timok Royalty Property and growth from other key assets like Gediktepe and Caserones.
Financially, EMX has demonstrated robust performance with a significant uptick in revenue and income, driven by increased royalty payments and strategic asset acquisitions. The company continues to explore and expand its operations, with a focus on enhancing shareholder value through systematic exploration and strategic partnerships.
EMX’s common shares are publicly traded on the NYSE American Exchange and TSX Venture Exchange under the symbol 'EMX' and on the Frankfurt Exchange under '6E9'. This provides investors with an avenue to participate in the company's growth and capital appreciation potential rooted in its diverse and expanding royalty portfolio.
For the latest updates and comprehensive information about EMX Royalty Corporation’s projects, financial performance, and strategic initiatives, investors are encouraged to visit their official website at www.emxroyalty.com.
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.
EMX Royalty has announced the appointment of two new independent directors to its Board of Directors. Mr. Dawson Brisco, a Professional Geologist with 20 years of experience in the mining industry, and Mr. Chris Wright, the Chief Executive Officer and Chairman of the Board of Liberty Energy, have joined the company's Board effective immediately. The addition of these two experienced professionals to the Board is expected to bring valuable expertise and leadership to EMX Royalty
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