(EMX.V) Apr. 18, 2019 – EMX Royalty Corporation has received a USD$2 million escrow distribution, which in addition to the initial USD$65.15 million payment in 2018, brings the total cash paid to EMX to USD$67.15 million from the sale of the Malmyzh project located in the far east of Russia.
A second distribution of up to USD$2 million, subject to certain conditions, is due to EMX later in 2019 as remaining funds are released from escrow. Malmyzh was sold by IG Copper LLC to Russian Copper Company for USD$200 million in October 2018.
IGC’s Malmyzh project was an important EMX strategic investment that exemplifies the portfolio effect of the company’s diversified business model. Proceeds from the sale of Malmyzh, combined with ongoing royalty and pre-production payments, have yielded a robust balance sheet. EMX is utilizing this strong position to take advantage of new royalty generation, royalty acquisition, and investment opportunities to grow the portfolio and build shareholder value.
EMX is a precious and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to the risks inherent to operating companies.Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.