EMX Royalty Corporation - EMX STOCK NEWS

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

EMX Royalty enters into an automatic share purchase plan to repurchase common shares under its normal course issuer bid. The company aims to enhance shareholder value and increase liquidity of shares through this initiative.

EMX Royalty reports strong financial performance for the fourth quarter and year ended December 31, 2023, with significant revenue growth and key developments in flagship assets. The company saw a 46% increase in adjusted revenue and other income and a 119% increase in adjusted royalty revenue in 2023. EMX also highlighted major investments by partners, strong cash flows enabling debt repayment, and continued growth through generative business partnerships.

EMX Royalty Corporation reports a significant increase in revenue for the year ended December 31, 2023, driven by royalty payments from key properties. The company achieved a 46% increase in both preliminary revenue and adjusted revenue compared to the prior year. The fourth quarter results also showed impressive growth, with a 230% increase in preliminary revenue and a 209% increase in adjusted revenue compared to Q4 2022. EMX CEO, Dave Cole, expressed optimism for continued growth in 2024 and emphasized the company's commitment to delivering shareholder value through its royalty generation business model.

EMX Royalty Corporation announces approval of its Notice of Intention to Make a Normal Course Issuer Bid (NCIB) by the TSX Venture Exchange. The NCIB allows the company to purchase for cancellation up to 5,000,000 common shares over a twelve-month period, aiming to enhance shareholder value and increase liquidity of the shares.

EMX Royalty Corporation has executed a purchase agreement with Aurora Exploration OY for the acquisition of a 1% NSR royalty interest covering the Mustajärvi gold project in Finland. The Mustajärvi project is located in the prolific Central Lapland Greenstone Belt and has shown significant gold mineralization. EMX paid Aurora US$80,000 and will issue 30,000 common shares of the Company to Aurora for the purchase of the royalty. The project is being advanced by Firefox Gold Corporation, and recent drilling has revealed promising results, including significant gold intercepts.