EMX Royalty Corporation Acquires Additional 1% NSR Royalty Interest in Chapi Copper Mine Property
Vancouver, British Columbia – In a recent press release dated February 3, 2025, EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the “Company” or “EMX”) announced the acquisition of an additional 1% Net Smelter Returns (“NSR”) royalty interest on the Chapi Copper Mine Property. This acquisition was made in accordance with the Royalty Agreement announced on January 6, 2025, with Minera Pampa de Cobre S.A.C. (“MPC”).
Background of the Chapi Copper Mine
The Chapi Copper Mine is located in the Ayacucho region of Peru. It is a high-grade copper-gold porphyry deposit with significant potential for expansion. The property is owned and operated by Minera Pampa de Cobre S.A.C. (“MPC”), a Peruvian mining company. EMX Royalty Corporation holds a 3% NSR royalty interest on the property, which was acquired in 2012.
The Acquisition of the Additional 1% NSR Royalty Interest
EMX Royalty Corporation has now acquired an additional 1% NSR royalty interest on the Chapi Copper Mine Property for a total consideration of US$7,000,000. The acquisition was made through the exercise of a right to purchase an additional royalty interest that was included in the original royalty agreement signed in 2012.
Impact on EMX Royalty Corporation
This acquisition is expected to significantly increase EMX Royalty Corporation’s revenue potential from the Chapi Copper Mine. The Company will receive an additional 1% of the net smelter returns from the sale of copper and gold produced from the mine. With the increasing demand for copper due to the electrification of vehicles and the growth of the renewable energy sector, this acquisition is well-timed.
Impact on the World
The acquisition of the additional 1% NSR royalty interest by EMX Royalty Corporation is not expected to have a significant impact on the world as a whole. However, it does demonstrate the continued interest of mining companies in acquiring royalties on high-potential mining projects. This trend is likely to continue as the demand for metals such as copper and gold continues to grow.
Conclusion
EMX Royalty Corporation’s acquisition of an additional 1% NSR royalty interest on the Chapi Copper Mine Property is a strategic move that is expected to significantly increase the Company’s revenue potential from the mine. With the increasing demand for copper and gold, this acquisition is well-timed and demonstrates the continued interest of mining companies in acquiring royalties on high-potential mining projects. The impact on the world as a whole is minimal, but this trend is likely to continue as the demand for metals used in renewable energy technologies continues to grow.
- EMX Royalty Corporation acquires an additional 1% NSR royalty interest on the Chapi Copper Mine Property.
- The acquisition was made through the exercise of a right to purchase included in the original royalty agreement signed in 2012.
- This acquisition is expected to significantly increase EMX Royalty Corporation’s revenue potential from the Chapi Copper Mine.
- The trend of mining companies acquiring royalties on high-potential mining projects is likely to continue due to the increasing demand for metals used in renewable energy technologies.
