About EMX Royalty

EMX Royalty Corporation, together with its subsidiaries, operates as a royalty and prospect generator that engages in the exploring for, and generating royalties from, metals and minerals properties. The company’s royalty and mineral property portfolio consists of 268 properties in North America, Europe, Turkey, Latin America and Australia. Strategy The company’s strategy is to provide its shareholders and other stakeholders exposure to exploration success and commodity upside through successful implementation of its royalty business. The strategy is to leverage in-country geologic expertise to acquire prospective properties on open ground, and to build value through work programs and targeting. In conjunction with the acquisition of producing and pre-production royalties in the base metals, precious metals, and battery metals sectors, the company will also consider other cash flowing royalty acquisition opportunities, including the energy sector. An important complement to the company’s royalty generation and royalty acquisition initiatives comes primarily from strategic equity investments in companies with under-valued mineral assets that have upside exploration or development potential. Mineral Properties The company focuses on entering into agreements to convert assets into royalty interests, as well as directly acquiring new royalty properties. The company has built a portfolio of precious metals, base metals, battery metals, and palladium-platinum royalty and mineral property interests that includes over 265 projects and spans six continents. The company supplements mineral property revenue streams and value creation by making strategic investments in undervalued companies or projects, with exit strategies that can include royalty positions, equity sales, or a combination of both. The Company's royalty, royalty generation, and strategic investment portfolio mainly consists of properties in North America, Europe, Turkey, Australia, and Latin America. Mineral Properties The company’s royalty interests in the Gediktepe Mine in Turkey, the Timok Mine in Serbia and the Caserones Mine in Chile are material to the company for the purposes of NI 43-101. Caserones, Chile - The Caserones open pit mine (Caserones) is developed on a porphyry copper (molybdenum) deposit in the Atacama Region of Chile's Andean Cordillera. The company holds an (effective) 0.7335 % NSR royalty interest covering the Caserones mine, as well as other nearby exploration targets, within a mineral concession package totalling approximately 17,000 hectares. The mine is operated by MLCC, which is 100% indirectly owned by JX Nippon. JX Nippon is a wholly owned subsidiary of Eneos Holdings Inc. (Eneos), which is listed on the Tokyo Stock Exchange. Caserones produces copper and molybdenum concentrates from a conventional crusher, mill and flotation plant, as well as copper cathodes from a dump leach and solvent extraction and electrowinning plant. In 2021 the mine produced 94,846 tonnes of fine copper in concentrate, 2,287 tonnes of fine molybdenum in concentrate, and 14,829 tonnes of fine copper in cathodes. Timok, Serbia - The company’s Timok Royalty is located in the Bor Mining District of Serbia and covers the Cukaru Peki copper-gold deposit. Cukaru Peki consists of a high-level body of high-grade, epithermal-style copper-gold mineralization referred to as the Upper Zone, and a deeper body of porphyry-style copper-gold mineralization known as the Lower Zone. The company's Timok Royalty covering Cukaru Peki is stated to be a 0.5% NSR royalty in the royalty agreement. The Timok project is owned and operated by Zijin Mining Group Ltd (Zijin). Leeville, Nevada - The Leeville 1% gross smelter return (GSR) royalty covers portions of West Leeville, Carlin East, Four Corners, Rita K, and other underground gold mining operations and deposits in the Northern Carlin Trend of Nevada (the Leeville Royalty). The Leeville Royalty property is included in the Nevada Gold Mines LLC (NGM) Barrick-Newmont Nevada joint venture. NGM continues to actively explore, add resources and reserves, and develop the Greater Leeville Complex, which includes the Company's Leeville Royalty Property. Gediktepe, Turkey - The Gediktepe VMS polymetallic deposit is located in western Turkey. The Gediktepe Royalties consist of a perpetual 10% NSR royalty over metals produced from the oxide zone (predominantly gold and silver) after cumulative production of 10,000 gold-equivalent oxide ounces; and a perpetual 2% NSR royalty over metals produced from the sulfide zone (predominantly copper, zinc, lead, silver and gold), payable after cumulative production of 25,000 gold-equivalent sulfide ounces. The Gediktepe Royalties were acquired as part of the SSR royalty portfolio transaction, and are being advanced by operator Lidya Madencilik (Lidya), a private Turkish company. The Gediktepe Mine reached a cumulative production of 10,000 gold equivalent ounces (gold equivalent as referenced in the 2019 Gediktepe share purchase agreement between Alacer Gold Madencilik A.S. and Lidya Madencilik in June 2022, which triggered the 10% NSR royalty payments to the company for all subsequent production of metals from the oxide zone mining operation. Balya, Turkey - The Balya royalty property is located in the historic Balya lead-zinc-silver mining district in northwestern Turkey. The company holds an uncapped 4% NSR royalty on the Balya North Deposit, which is operated by Esan Eczacibasi Endüstriyel Hammaddeler San. ve Tic. A.S. (Esan), a private Turkish company. Esan operates a lead-zinc mine and flotation mill on the property immediately adjacent to the company’s Balya North royalty property. Gold Bar South, Nevada – The company’s Gold Bar South 1% NSR royalty property, operated by McEwen Mining Inc. (TSX & NYSE: MUX) (McEwen), covers a sediment-hosted, oxide gold deposit situated ~5.6 kilometers southeast of McEwen's Gold Bar open pit mining operation in north-central Nevada. McEwen significantly advanced development of the Gold Bar South operation during 2022. Advanced Royalty Projects Diablillos, Argentina - Diablillos is a resource stage high sulfidation silver-gold project located in the Puna region of Salta Province, Argentina that is owned and operated by AbraSilver Resource Corp. (AbraSilver). There are seven known mineralized zones, with the Oculto deposit advanced to the resource development stage. The company’s Diablillos 1% NSR royalty was acquired as part of the SSR royalty portfolio transaction in 2021. Berenguela, Peru - The Berenguela project, located in the Puno region of southeastern Peru, is a resource stage polymetallic carbonate replacement-style deposit being advanced by Aftermath Silver Ltd (Aftermath). Aftermath is earning 100% project interest per a definitive acquisition agreement (the Option) originally executed with SSR Mining. The company's royalty interest in, and future earn-in payments from Berenguela were acquired in 2021 as part of the SSR royalty portfolio transaction. The project hosts an historical JORC silver-copper-manganese-zinc mineral resource. Challacollo, Chile - Challacollo is a resource stage low-sulphidation epithermal silver-zinc-lead deposit located in Chile's northernmost Region I. The project hosts open pit and underground constrained silver-gold resources, which are considered as historical resources by the company. The company's interest in the Challacollo project was acquired in 2021 as part of the SSR royalty portfolio transaction. San Marcial, Mexico - San Marcial is a resource stage epithermal silver deposit located in Sinaloa, Mexico. The company retains a 0.75% NSR royalty covering San Marcial, which has been integrated within the Plomosas project owned and operated by GR Silver Mining Ltd (GR Silver). The San Marcial royalty property hosts underground silver (zinc-lead) resources which are considered as historical by the company. The company’s interest in San Marcial was acquired in 2021 as part of the SSR royalty portfolio transaction. During 2022, GR Silver continued delineation and exploration drilling at San Marcial which resulted in the discovery of a new silver zone with a 250 meter step-out hole (SMS22-10) that intersected 101.6 meters averaging 308 g/t silver from 98.5m with multiple higher grade sub-intervals (true width unknown) (see GR Silver news release dated August 8, 2022). Parks-Salyer, Arizona – The company's Parks-Salyer Royalty Property is located approximately one kilometer southwest of the historical Sacaton mine in central Arizona. The Parks-Salyer Royalty Property consists of one state of Arizona Exploration Permit totaling 158 acres and covers a portion of the Parks-Salyer copper deposit which is concealed beneath post-mineral gravels. Tartan Lake, Canada - Tartan Lake is a past producing, resource stage greenstone hosted gold deposit located near Flin Flon in Manitoba, Canada. The company retains a 2% NSR royalty covering Tartan Lake, which is owned and operated by Satori Resources Inc. (Satori). Yenipazar, Turkey - The Yenipazar polymetallic VMS deposit in central Turkey is owned and advanced by Virtus Madencilik (Virtus), a private Turkish company that is partly owned by Trafigura Ventures V B.V. Akarca, Turkey - The Akarca epithermal gold-silver deposit in western Turkey was discovered by the company in 2006 during a regional exploration program. The project was later sold to owner Çiftay Insaat Taahhüt ve Ticaret A.S. (Çiftay), a private Turkish company. Sisorta, Turkey - The Sisorta project consists of an oxide gold deposit with underlying copper and gold porphyry potential. The company sold the project in 2016 to Bahar Madencilik Sinayi ve Ticaret Ltd Sti (Bahar), a privately owned Turkish company, retaining a royalty and advance royalty payment interests. Viscaria, Sweden – The company holds an effective 0.5% to 1.0% NSR royalty interest on the Viscaria copper (iron) project located in the Kiruna mining district of Sweden which is operated by Stockholm listed Copperstone Resources AB (Copperstone). Kaukua, Finland – The company holds a 2% NSR royalty on various exploration licenses covering the Kaukua PGE-Ni-Cu deposit in northern Finland. The Kaukua deposit is being advanced by Palladium One Mining Inc. (Palladium One or PDM), as part of its Läntinen Koillismaa (LK) project. PDM's LK project is a PGE rich magmatic Ni-Cu sulfide system with multiple centers of drill defined mineralization. The company's royalty covers the Kaukua and the newly defined Murtolampi PGE-Ni-Cu deposits. Exploration Royalty & Royalty Generation Projects The company has 155 exploration stage royalties and 96 royalty generation properties being advanced, and available for partnership. History The company was founded in 1996. The company was formerly known as Eurasian Minerals Inc. and changed its name to EMX Royalty Corporation in 2017.