EMX Royalty Receives Norra Metals Shares for Four Polymetallic Projects in Norway and Sweden

ID: 1546898
recent pressrelease next pressrelease

(businesspress24) - EMX Royalty Receives Norra Metals Shares for Four Polymetallic Projects in Norway and Sweden

Vancouver, British Columbia, February 19, 2019 (TSX Venture: EMX; NYSE American: EMX) - EMX Royalty Corporation (EMX or the "Company") is pleased to announce it has received 4,808,770 common shares of Norra Metals Corp. ("Norra") (TSX Venture: NORA), representing a 9.9% equity stake in Norra. EMX acquired the shares pursuant to the sale of the Bleikvassli, Sagvoll and Meråker polymetallic projects in Norway, and the Bastuträsk volcanogenic massive sulfide ("VMS") project in Sweden (the "Projects"), as announced in the Company''s news release dated December 13, 2018.

EMX will retain a 3% net smelter return (NSR) royalty on the Projects, as well as other consideration to the Company''s benefit. EMX has also been granted a 1% NSR royalty on Norras Pyramid project in British Columbia. The TSX Venture Exchange has approved the details of the transaction and transfer of the Projects from EMX to Norra, subject to customary final filings.

Norra Metals Corp. (previously OK2 Minerals Corp.) is a Vancouver-based exploration company with two projects in British Columbias Golden Triangle, as well as the four Scandinavian Projects acquired by Norra from EMX. Norras management team has considerable experience working in Scandinavia from previous ventures, and EMX will work closely with Norra to ensure timely advancement of the Projects in Scandinavia. Norra and EMX are in the process of obtaining work plan permits for the Projects, and expect exploration work will commence in early spring.

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: Dave(at)EMXroyalty.com-

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
Email: SClose(at)EMXroyalty.com

Suite 501 - 543 Granville Street, Vancouver, British Columbia V6C 1X8, Canada
Tel: (604) 688-6390 Fax: (604) 688-1157
www.emxroyalty.com

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.



More information:
http://



Keywords (optional):



Company information / Profile:

PressRelease by

Requests:





PressContact / Agency:



published by: irw
print pressrelease  send to a friend  

Date: 02/20/2019 - 02:13
Language: English
News-ID 1546898
Character count: 2692
Kontakt-Informationen:
Firma: EMX Royalty Corp.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Wien
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 352

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 436
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 239


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.