News Feed Item

Eurasian Minerals Announces Upcoming Date of Name Change to "EMX Royalty Corporation" and Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/17/17 -- Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX)(NYSE MKT:EMX) is pleased to announce that the Company will officially change its name to "EMX Royalty Corporation" effective on July 19, 2017. The Company, as EMX Royalty Corporation, will continue to trade under the ticker symbol EMX on both the TSX Venture and NYSE MKT exchanges. The new CUSIP number is 26873J107 and the new ISIN is CA26873J1075. The Company is also rolling out a new web site hosted at www.emxroyalty.com.

EMX Royalty Business Model. The Company's name change highlights its focus on realizing royalty income from a growing and diversified mineral property portfolio that spans five continents. There are three key foundations underpinning the Company's business model:

--  Royalty Generation. EMX has a fourteen year track record of generative
    exploration that has evolved into an avenue to organically generate
    mineral property royalty interests and cash flows. The strategy is to
    leverage in-country geologic expertise to acquire prospective properties
    on open ground through license application or claim staking, and to
    build value through low cost work programs (i.e., mapping, sampling,
    geophysical surveys, etc.). These properties are optioned or sold to
    partner companies for retained royalty interests, advance minimum
    royalty payments, project milestone payments, and other considerations
    that may include equity interests. Pre-production payments provide
    early-stage cash flows to EMX, while partner companies build value
    through exploration and development. EMX participates in the project
    upside at no additional cost, with the potential for future royalty
    payments upon the commencement of production.
    Examples of EMX royalty generation success are the portfolio of
    properties in a) Turkey, including the Balya lead-zinc-silver mine, as
    well as the Akarca gold-silver and Sisorta gold properties being
    advanced towards development by partner companies, b) the western United
    States where EMX has copper and gold royalty properties and properties
    optioned for a royalty interest with companies such as Kennecott
    Exploration Company (Rio Tinto) and Coeur Explorations Inc., c) Sweden
    and Norway consisting of polymetallic properties in historic mining
    districts sold to Boreal Metals Corp. ("BMC") for retained royalty
    interests, an equity interest in BMC, and other considerations, and d)
    Haiti, including gold and copper properties sold to Newmont for a
    retained royalty interest and cash payments. Importantly, in addition to
    the retained royalty interests, the sale of these assets provided
    substantial income to EMX for supporting growth of the Company's
    property portfolio and building shareholder value. 

--  Royalty Acquisition. EMX has been pursuing the prudent acquisition of
    royalty property interests since 2011. The purchase of royalty interests
    allows EMX to choose quality assets for acquisition that range from
    producing mines to advanced development properties. These purchases are
    designed to "jump start" organic royalty portfolio growth process by
    providing EMX with immediate to near term royalty cash flow. Although
    the competition to purchase royalty interests is intense, the Company's
    in-country royalty generation initiatives often inform the timely
    identification of top tier acquisition candidates. EMX's royalty
    acquisition initiatives are led by Mr. Thomas Mair, General Manager of
    Corporate Development.
    Key acquisitions to date include the Leeville royalty property in the
    heart of the Northern Carlin Trend, and the Brestovac royalty property
    in Serbia's prolific Timok Magmatic Complex. The Leeville royalty has
    paid gross revenue of US $9.8 million to EMX (current through Q1, 2017)
    from Newmont's Leeville, Turf, and other underground gold mining
    operations. Royalty upside, at no cost to EMX, comes from Newmont's
    delineation of a new gold trend that extends southeast from the Leeville
    mining complex and includes portions of the Rita K and Full House
    projects. EMX's purchase of Timok royalty properties in 2014 included
    the Brestovac license's Cukaru Peki deposit, which is on a fast track
    development schedule by operator Nevsun Resources Ltd. This purchase
    resulted from EMX's on-the-ground experience in Serbia developed while
    building an exploration portfolio sold to Reservoir Capital Corp. in
    2006 for cash and retained royalty interests. One of the properties in
    that portfolio was Brestovac West, which is now an EMX royalty property
    that lies adjacent to the Cukaru Peki discovery, and covers the high-
    grade gold Corridor Zone. 

--  Strategic Investment. An important complement to EMX's royalty
    generation and royalty acquisition initiatives comes from opportunistic
    strategic investment in mineral exploration opportunities with under-
    valued upside potential. Exit strategies can include royalty positions,
    equity sales, or a combination of both. As well, these investments can
    lead to EMX's identification of candidates for acquisition or merger.
    An early success resulted from EMX's seed level investment in Standard
    Uranium Corp. that was timed just before the uranium market upswing of
    2005-2007. The Company's recognition of upcoming uranium supply
    shortfalls allowed EMX to quickly realize a substantial profit over a
    two to three year timeframe. EMX's more recent strategic investment in
    IG Copper LLC ("IGC") and the Malmyzh joint venture (51% IGC, 49%
    Freeport-McMoRan) provides significant upside exposure to an emerging
    district scale porphyry copper-gold discovery. 

EMX is steadily increasing global revenue streams from royalties, advance royalties and other cash payments to balance overall company-wide expenditures. The goal is to sustain the Company's royalty generation, royalty acquisition, and strategic investment activities while providing multiple opportunities for exploration and production success with minimal dilution to our shareholders.

Share Issuances. EMX intends to issue 20,239 shares (valued at US $18,000) to a senior consultant of the Company in respect of work performed for EMX in the second quarter of 2017 as detailed in the Company's News Release of May 3, 2017. EMX valued the 20,239 shares at the VWAP of its shares on the NYSE MKT for the five trading days ended June 30, 2017.

About EMX. EMX leverages asset ownership and exploration insight into partnerships that advance its mineral properties, with EMX retaining royalty interests. EMX complements its generative business with strategic investment and third party royalty acquisition.

Mr. Dean D. Turner, CPG, is a Qualified Person under NI 43-101 and consultant to the Company. Mr. Turner has reviewed, verified and approved disclosure of the technical information contained in this news release.

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.

Forward-Looking Statements

This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended March 31, 2017 (the "MD&A") and the most recently filed Form 20-F for the year ended December 31, 2016, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the 20-F and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-securit...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.