EMX optionee Kennecott exercises option, pays $3.4M

Executive Summary

• EMX Royalty Corp. received a final option payment of $3,407,383 from Kennecott Exploration Company (KEX) for the Superior West project in central Arizona.
• Along with the cash payment, EMX was granted a 2.5 % net smelter returns (NSR) royalty on the same project.
• The transaction completes the original 2015 option agreement and adds a new royalty asset to EMX’s portfolio, reinforcing its royalty‑generation model.

Key Details

• Final Option Payment: $3,407,383 received from KEX, representing the full consideration under the Superior West option agreement.
• Royalty Grant: 2.5 % NSR royalty over the Superior West project awarded to EMX in connection with the payment.
• Project Background: Superior West was acquired by EMX through open‑ground staking after target generation in the Superior and Globe‑Miami porphyry districts; optioned to KEX in 2015 and advanced via multiple field programs.
• Strategic Impact: The cash inflow and royalty interest expand EMX’s global portfolio of precious and base metal royalties, providing ongoing revenue streams without operational risk exposure.

Notable Quotes

(No direct quotes were provided in the release.)