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EMX Royalty and Franco-Nevada Partner to Acquire Precious Metals and Copper Royalties

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EMX Royalty has joined forces with miner Franco-Nevada in a collaborative effort to purchase up to $10 million worth of precious metals and copper royalties. Through a binding term sheet, the companies have agreed to commit $4.5 million and $5.5 million, respectively, to acquire these royalties.

This strategic partnership aims to accelerate the expansion of EMX’s royalty portfolio by enabling the company to allocate a larger amount of capital towards new royalty acquisitions. These acquisitions can be made through exploration royalty financing or other entrepreneurial means. Currently, EMX holds a diverse portfolio comprising more than 250 exploration and early-stage royalty generation projects, as well as six producing and 11 advanced royalty properties.

The initial term of the agreement spans three years, or until the combined contribution from both companies reaches $10 million. Furthermore, there is potential for an extension beyond this initial period, as stated by EMX.

As part of this collaboration, EMX will exclusively source newly created precious metals royalties and/or copper royalties for the two companies. However, it is worth noting that this agreement does not apply to the acquisition of existing third-party royalty interests or exploration lands.

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