EMX Royalty Acquires Boreal Energy Metals Shares for the Guldgruvan Cobalt Project in Sweden

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2018) - EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) ("EMX") is pleased to announce its acquisition of 2,979,798 common shares of Boreal Energy Metals Corp. ("BEMC"), representing 5.9% of BEMC's outstanding common shares. Prior to this transaction, BEMC was a wholly-owned subsidiary of Boreal Metals Corporation ("Boreal"). EMX acquired the shares pursuant to the sale of the Guldgruvan cobalt project in Sweden to BEMC (see EMX news release dated February 9, 2018). The shares were issued to EMX at a deemed price of CDN $0.05 per share.

EMX has also been granted a 3% NSR royalty on the Guldgruvan project and other considerations to EMX's benefit. The TSX Venture Exchange has approved the transfer of the Guldgruvan exploration licenses from EMX to BEMC, subject to customary final filings.

In addition to the newly acquired shares of BEMC, EMX also owns 10,530,063 common shares of its parent company, Boreal, representing 19.9% of Boreal's outstanding common shares. The shares of Boreal resulted from the earlier sale of royalty generation projects in Sweden and Norway to Boreal1. EMX retains 3% NSR royalty interests on the Boreal properties, and will receive annual advance royalty payments, as well as other consideration from the sale of the projects.

1 See EMX news releases dated November 22, 2016, January 16, 2018, and February 15, 2018.

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.


For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Email: [email protected]

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
Email: [email protected]

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.

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).