Vancouver, British Columbia–(Newsfile Corp. – October 30, 2018) – EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) (the “Company“ or “EMX“) is pleased to announce that it has received its initial cash distribution of US $65.15 million from IG Copper LLC’s (“IGC”) sale of the Malmyzh copper-gold porphyry project (“Malmyzh” or the “Project”). IGC sold Malmyzh to Russian Copper Company (“RCC”) for US $200 million, of which US $190 million has been released from escrow1. The remaining US $10 million from the sale is being held in escrow, and subject to certain conditions, cash distributions of up to US $4 million will be made to EMX as funds are released from escrow over the next 12 months.
EMX’s strategic investment in IGC resulted from the Company’s recognition of Malmyzh in 2011 as an early-stage opportunity with excellent discovery potential. EMX took a disciplined investment approach by backing IGC’s initiatives to steadily advance the Project over the years, and when market conditions allowed, maximized value for EMX’s shareholders and IGC’s investors by supporting the sale of Malmyzh to RCC. The Malmyzh sale is a milestone event for EMX, and the Company enthusiastically looks forward to future successes in building value for its shareholders.
About EMX. EMX leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX receiving pre-production payments and retaining royalty interests. EMX complements its royalty generation initiatives with royalty acquisitions and strategic investments. Please see www.EMXroyalty.com for more information.
About IGC. IGC, a privately held company, is led by President and CEO Thomas E. Bowens, and includes key personnel with a track record of exploration discovery and project development in the Russian Far East.
-30-
For further information contact:
David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Email: Dave@EMXroyalty.com
Scott Close
Director of Investor Relations
Phone: (303) 973-8585
Email: SClose@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.
1 See EMX news release dated October 11, 2018.
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 perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, 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: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners 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 six month period that ended on June 30, 2018 (the “MD&A”), and the most recently filed Form 20-F for the year ended December 31, 2017, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the 20-F and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.
Alexander Green is the Chief Investment Strategist of The Oxford Club and Liberty Through Wealth. He heads The Momentum Alert, The Insider Alert and The True Value Alert. The independent Hulbert Financial Digestconsistently ranked his Oxford Communiqué as one of the top-performing investment letters in the nation for 15 years.
Marc Lichtenfeld is the Chief Income Strategist of The Oxford Club and its resident biotech expert. He is the Senior Editor of The Oxford Income Letter, which is based on his proprietary 10-11-12 System. He is also the Editor of Tactical Trader Alert, Lightning Trend Trader and Chairman’s Circle Breakout Alert. Over the years, Marc’s commentary has appeared in The Wall Street Journal, Barron’s, and U.S. News & World Report, among others. Today, Marc is a sought-after media guest who has appeared on CNBC, Fox Business and Bloomberg.
Matthew Carr is the Emerging Trends Strategist of The Oxford Club. He is also the Editor of Oxford Resource Explorer, Prime System Trader and The VIPER Alert, as well as a Contributing Editor to Energy & Resources Digest.
David Fessler is the Energy and Infrastructure Strategist of The Oxford Club. He is the Editor of Fessler’s Flash Profits and a Contributing Editor to Strategic Trends Investor and Energy & Resources Digest. As a degreed electrical engineer, Dave was vice president of two successful tech businesses – LTX Corporation and Quality Telecommunications Inc. Since “retiring” at age 47, Dave has used his educational and professional experience to research the best opportunities in the technology, infrastructure and energy sectors.
Steve McDonald is the Editor of Oxford Bond Advantage and a Contributing Editor to The Oxford Income Letter and Wealthy Retirement. He is also the Host of our Market Wake-Up Call videos. Steve is a regular speaker at many Club and Investment U conferences and seminars. He’s worked as a professional broker and has been an active trader of bonds for more than two decades, specializing in ultra-short maturity corporate bonds. Before entering the investment industry, Steve was a naval aviator, flying fixed and rotary-winged aircrafts, and also served as a surface warfare officer.
Karim Rahemtulla is the Options Strategist for The Oxford Club and the Editor of Automatic Trading Millionaire. He is a multilingual best-selling author and recognized derivatives expert with 25 years of investment industry experience. Through his Automatic Trading Millionaire service, he shows Members how to safely and reliably generate thousands in extra income each month by buying and selling exchange-traded options.
Nicholas Vardy is the ETF Strategist for The Oxford Club. Based in Europe, Nicholas is a widely recognized expert on exchange-traded funds and an accomplished investment expert. Nicholas has been a regular commentator on CNN International and Fox Business Network. He has also been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo Finance and MSN Money Central.
