EMX Royalty Corporation (NYSE American: EMX) (TSX-V: EMX) (FSE: 6E9) is pleased to announce that it expects to receive an initial quarterly after-tax payment of approximately US$974,000 from the Company’s effective 0.418% net smelter return royalty interest in the Caserones Copper-Molybdenum Mine in northern Chile. This payment to EMX, anticipated later this month, is based upon second quarter (“Q2”,i.e., April – June) royalty distributions for copper and molybdenum production.
As previously reported, EMX formed a 50%-50% strategic partnership with Altus Strategies Plc (AIM: ALS) (TSX-V: ALTS) (OTCQX: ALTUF) to acquire an effective 0.836% NSR royalty on Caserones for US$68.2 million. EMX and Altus each control an effective 0.418% royalty interest after each contributed US$34.1 million towards the Caserones Royalty purchase price (see EMX news releases dated August 17, August 23, and September 3, 2021). The effective date of the Caserones Royalty acquisition was April 1, 2021, and as a result will include proceeds from Q2, 2021, thereby establishing immediate cash flow to EMX.
EMX’s effective royalty interest in the Caserones Royalty has secured a source of long-term proceeds from copper-molybdenum production in one of the world’s top copper mining regions.
Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company, has reviewed, verified, and approved the disclosure of the technical information contained in this news release.
EMX is a precious, base and battery 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 as well as on the Frankfurt exchange.
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