EMX’s Meråker project is located in central Norway, north of the historic Røros mining district along the same tectono-stratigraphic trend and consists of multiple historic mining areas in a consolidated land position. Portions of the Meråker project saw production through the 1920’s. Mineralized rocks consist of greenschist facies metamorphosed VMS bodies.

Mineralization is thought to be thickened along fold hinges and occurs in seafloor sequences consisting of basaltic coherent rocks and felsic volcanoclastic rocks as well as other metamorphosed seafloor sediments. There are several historic copper mines and prospects on the EMX land position. Large zinc-rich dumps indicate additional potential for zinc-mineralization. Historic sampling indicates that mineralization contains good gold-credits, which has been confirmed by recent EMX sampling. EMX also retrieved additional samples from the southern Gilså occurrence, showing that mineralization extends into the southern end of the claim.

There has been no modern exploration on the Meråker license, which contains a 25 km strike length of prospective ground. Historic mineralization has never been explored at depth. This provides an opportunity for EMX to apply modern exploration techniques and updated deposit models to search for discoveries at Meråker.

A share purchase agreement to sell the project to Lumira Energy Ltd. was executed in January 2024 for an equity interest equity in Lumira, annual advance royalty payments, milestone payments and a retained 2.5 % royalty interest.

*Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.


Meråker license with historic mines, mineral occurrences and geology Click to Enlarge