EMX Royalty Sells Projects to Pacific Ridge, Secures Future Royalties

An update from EMX Royalty ( (TSE:EMX) ) is now available.

EMX Royalty Corporation has entered into agreements with Pacific Ridge Exploration to sell four mineral projects located in Arizona, Nevada, Utah, and Wyoming. This move, structured through option agreements, allows EMX to retain a 3% net smelter return royalty and receive cash payments, shares, and milestone payments, thereby enhancing its future financial prospects and strengthening its project generation business model.

More about EMX Royalty

EMX Royalty Corporation operates in the mining industry, focusing on the acquisition and exploration of mineral properties. The company primarily targets copper and gold deposits, leveraging its expertise in identifying overlooked opportunities in historical mining districts to generate new mineral exploration projects.

YTD Price Performance: -1.72%

Average Trading Volume: 277,420

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $191.6M

For a thorough assessment of EMX stock, go to TipRanks’ Stock Analysis page.