Core Viewpoint - Aftermath Silver Ltd. has made a partial payment of US$1.5 million towards the acquisition of the Berenguela silver-copper-manganese project in Peru, ahead of the due date, which has resulted in a reduced balance owed to EMX Royalty Corp. [3][5] Group 1: Financial Transactions - The company has an option to acquire a 100% interest in the Berenguela project through agreements with SSR Mining Inc. and EMX Royalty Corp. [2] - Aftermath Silver's payment obligations total US$13 million, with the remaining payments summarized as follows: US$3 million paid on May 15, 2025; US$1.5 million paid in June 2025; and US$1.65 million due in November 2026 [5][7]. - A sliding-scale NSR royalty will be applied to all mineral production from the project, starting at 1.0% when silver prices are up to US$25 per ounce, and increasing to 1.25% when silver prices exceed US$25 and copper prices are above US$2 per pound [7]. Group 2: Project Development - The company is focusing on the Berenguela project and expects an updated NI43-101 mineral resource estimate to be completed soon [4]. - Recent drilling in the eastern part of Berenguela intersected 153 meters of mineralization, including 1.12% copper, 290 g/t silver, and 7% manganese [4]. Group 3: Company Background - Aftermath Silver is a Canadian junior exploration company focused on silver, aiming to deliver shareholder value through the discovery, acquisition, and development of quality silver projects in stable jurisdictions [9]. - The company has developed a pipeline of projects at various stages of advancement, selected based on growth and development potential [9].

Core Points - EMX Royalty Corporation announced that all proposed resolutions were approved at its Annual General Meeting held on June 2, 2025, in Vancouver, British Columbia [1] - The number of directors was set at six, and all nominated directors were elected to serve a one-year term [1] - Shareholder voting results showed strong support for the resolutions, with 99.14% in favor of setting the number of directors at six and 99.10% in favor of appointing Davidson & Company LLP as auditors [1][2] Voting Results - Dawson C. Brisco received 99.41% votes in favor, while 0.59% votes were withheld [1] - David M. Cole received 99.55% votes in favor, with 0.45% votes withheld [1] - Sunny S.C. Lowe received 96.88% votes in favor, with 3.12% votes withheld [1] - Henrik K.B. Lundin received 99.34% votes in favor, with 0.66% votes withheld [1] - Geoff G. Smith received 99.52% votes in favor, with 0.48% votes withheld [1] - Michael D. Winn received 99.51% votes in favor, with 0.49% votes withheld [1] Company Overview - EMX is a precious and base metals royalty company that provides investors with discovery, development, and commodity price optionality while limiting exposure to risks associated with operating companies [3] - The company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX" [3]

Core Viewpoint - EMX Royalty Corporation has announced the sale of its Nordic operational platform to First Nordic Metals Corporation, which is expected to streamline operations and reduce costs while maintaining royalty exposure in the region [1][2]. Strategic Rationale and Long-Term Benefits - The transaction aims to streamline EMX's global operations and reduce administrative costs while retaining upside royalty exposure from partner-funded exploration efforts [2]. - EMX has over 15 years of generative exploration experience in the Nordic countries and will retain a broad portfolio of royalties in the region [2]. - Future royalty interests will be granted to EMX on projects generated by FNM for five years, aligning with EMX's strategic objectives [2]. Commercial Terms - EMX will receive staged payments totaling 3.25 million SEK (approximately US$335,000) over two years, with payments made in equal parts of cash and shares of FNM [3]. - EMX will also receive a 1% net smelter return (NSR) royalty on any new projects generated in Sweden and Finland over the next five years [3]. Company Background - EMX is a precious and base metals royalty company, providing investors with discovery, development, and commodity price optionality while limiting exposure to operational risks [5]. - First Nordic Metals Corp. is a Canadian-based gold exploration company with assets in Sweden and Finland, including the Barsele gold project and the Oijärvi greenstone belt [6].

Core Viewpoint - EMX Royalty Corporation has entered into an exploration and option agreement with Ridgeline Minerals for the Trench oxide gold project in Nevada, which includes cash and share payments, a 3% net smelter returns royalty, and annual advanced royalty payments upon option exercise [1][4]. Group 1: Project Overview - The Trench Project is an oxide gold, Carlin-type system located in Eureka County, Nevada, approximately 30 kilometers southwest of Carlin [2]. - Historical exploration in the 1990s included surface trenching and limited drilling, with results remaining unknown [2]. - EMX's recent fieldwork has identified significant silicification within the Ordovician section, which may represent overlooked mineralization potential [2][3]. Group 2: Agreement Details - Ridgeline can earn a 100% interest in the Project by making an execution payment of 250,000 shares, option payments totaling $650,000, and completing $500,000 in exploration expenditures over five years [4]. - Upon exercise of the option, EMX will retain a 3% NSR royalty interest, with the possibility for Ridgeline to buy back up to 1% of the royalty [5]. - Ridgeline will also make annual advance royalty payments of $50,000, which will cease upon the commencement of commercial production [5]. Group 3: Strategic Implications - The Trench Agreement represents EMX's strategy to grow its royalty portfolio at a nominal cost while providing near-term cash flow and future exploration upside [3]. - This agreement marks the fourth collaboration between EMX and Ridgeline, highlighting Ridgeline's ongoing efforts to assemble and advance projects in Nevada [3].

Core Viewpoint - EMX Royalty Corporation has executed an exploration royalty agreement with Galileo Resources for the Ferber polymetallic project in Nevada, allowing EMX to earn up to a 1% net smelter returns royalty through exploration and management services [2][6]. Project Overview - The Ferber Project is a copper-gold system located in eastern Nevada, with historical production of copper, lead, silver, and gold dating back to the late 1800s [3]. - Historical drilling in the 1980s-1990s showed encouraging results for gold and copper, which are favorable given current metal prices [3]. Geological Potential - Mineralization at Ferber is centered around an Eocene-age composite intrusive center, indicating potential for a porphyry copper-gold system and associated mineralization [4]. - The geological setting and hydrothermal alteration at Ferber have analogues to other significant porphyry systems in the Great Basin [4]. Agreement Details - The agreement allows EMX to earn a 1% NSR royalty through two milestones: a 0.33% NSR for target generation and an additional 0.67% NSR for managing the first phase of exploration drilling [6]. - EMX will receive a 7.5% management fee for the reconnaissance drilling program, with all exploration work funded by Galileo [6]. Future Plans - EMX plans to commence work on the Target Generation program imminently, indicating a proactive approach to advancing the Ferber Project [5]. - Should Galileo wish to extend the exploration program, further assistance from EMX would require a new agreement [7]. Business Model - This transaction exemplifies EMX's royalty generation business model, leveraging geological expertise to add value to partner-funded exploration programs in exchange for royalty interests [8].

Core Insights - EMX Royalty Corporation reported significant growth in adjusted royalty revenue and adjusted EBITDA for Q1 2025, with adjusted royalty revenue reaching $10.8 million, a 40% increase year-over-year, and adjusted EBITDA at $7.1 million, up 120% compared to the same quarter in 2024 [6][15][3] Financial Performance - Total revenue and other income for Q1 2025 was $8.4 million, compared to $6.24 million in Q1 2024, marking a 35% increase [4][15] - General and administrative costs were $2.17 million, slightly up from $2.15 million in the previous year [4] - Net income for the quarter was $1.26 million, a turnaround from a net loss of $2.23 million in Q1 2024 [4] - Cash flows from operating activities increased to $1.29 million from $1.03 million year-over-year [4][33] Key Strategic Developments - The company completed the acquisition of an additional royalty interest in the Chapi Mine, enhancing its portfolio [3][9] - EMX has maintained its 2025 guidance, projecting GEOs sales of 10,000 to 12,000 and adjusted royalty revenue between $26 million and $32 million [7] - The company repurchased and canceled 1,479,792 shares during the quarter, completing its original Normal Course Issuer Bid program [11] Capital Management - EMX's cash and cash equivalents as of March 31, 2025, were $19.2 million, with a working capital surplus of $36.1 million, indicating strong financial flexibility [6] - The company has established capital allocation goals for 2025, focusing on portfolio growth through its producing assets at Caserones and Timok [8] - A $10 million acquisition of a royalty on the Chapi Copper Mine is expected to contribute to revenue starting in 2026 [9] Production and Revenue Sources - The company sold a total of 3,756 GEOs in Q1 2025, compared to 3,696 GEOs in Q1 2024 [16][36] - Key revenue sources included Gediktepe ($4.3 million), Caserones ($3.0 million), and Timok ($1.6 million) [16][15] Future Outlook - EMX is well-positioned to identify new royalty and investment opportunities while continuing to grow its pipeline of royalty generation properties [14] - The company anticipates continued revenue growth from its producing royalty assets and other property income [14]

Group 1 - EMX Royalty Corp. is a notable stock in the Basic Materials sector, currently ranked 9 in the Zacks Sector Rank among 232 individual stocks [2] - The Zacks Rank system indicates that EMX has a strong buy rating (1), with a 66.7% increase in the consensus estimate for its full-year earnings over the past three months, reflecting improved analyst sentiment [3] - Year-to-date, EMX has returned 25.4%, significantly outperforming the Basic Materials group average return of 0.9% [4] Group 2 - EMX Royalty Corp. belongs to the Mining - Miscellaneous industry, which consists of 58 companies and is currently ranked 151 in the Zacks Industry Rank, with EMX outperforming the industry's average return of 0.8% [5] - In contrast, Givaudan SA, another stock in the Basic Materials sector, has a year-to-date return of 6.7% and is part of the Chemical - Specialty industry, which has seen a decline of -4.1% this year [4][6]

Core Insights - AbraSilver Resource Corp. has completed the final property payment of US$6.85 million to EMX Royalty Corporation, ahead of the original due date of July 31, 2025, and reduced from the initial obligation of US$7.0 million, securing 100% ownership of the Diablillos silver-gold project in Argentina [1][2]. Company Overview - AbraSilver is an advanced-stage exploration company focused on the Diablillos silver-gold project, which is located in the mining-friendly Salta and Catamarca provinces of Argentina [4]. - The current Proven and Probable Mineral Reserve estimate for the Diablillos project is 42.3 million tonnes grading 91 grams per tonne silver and 0.81 grams per tonne gold, containing approximately 124 million ounces of silver and 1.1 million ounces of gold, with significant exploration upside potential [4]. - The company has also entered into an earn-in option and joint venture agreement with Teck on the La Coipita project in San Juan province, Argentina [4]. Management Commentary - John Miniotis, President and CEO of AbraSilver, stated that the completion of the final payment is a key milestone that strengthens the company's financial position and allows for a focus on advancing the Diablillos Project towards production [3].

Core Points - EMX Royalty Corporation has received an early final property payment of US$6.85 million from AbraSilver Resource Corp, ahead of the original due date of July 31, 2025, which reduces the total obligation from US$7.0 million [1][2] - EMX retains a 1% Net Smelter Return (NSR) on AbraSilver's Diablillos project, which is an advanced silver and gold project located in Argentina [2] - The proceeds from the early payment will be used, along with existing cash, to make a US$10 million principal payment towards EMX's senior secured term loan facility with Franco-Nevada Corporation, reducing total long-term debt from US$35 million to US$25 million [3] Company Overview - EMX is a precious and base metals royalty company that provides investors with discovery, development, and commodity price optionality while limiting exposure to risks associated with operating companies [4] - The company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX" [4]

Stock Options and Grants - EMX granted a total of 840,500 Options to officers, directors, employees, and consultants, exercisable at a price of C$2.92 per share for five years[7]. - An aggregate of 483,000 RSUs with performance criteria were granted, featuring a 3-year cliff vesting provision, linked to total shareholder return and operational milestones[7]. - 358,000 RSUs with no performance criteria were granted, vesting in three equal tranches over a 3-year period[7]. - 116,000 cash-settled DSUs were granted to independent directors, redeemable upon retirement, resignation, or replacement[7].