Royalties

EMX has a global portfolio of producing royalties, advanced royalty projects and exploration-stage royalty properties providing upside optionality to immediate cash flow, near-term development of mines, and long-term exposure to discoveries. The portfolio consists of precious, base, and battery metals royalty and mineral property assets occurring on six continents.

In addition to royalty purchases, EMX has focused a significant portion of its expertise and capital toward organically generating royalties, unlike other royalty companies. We believe putting people on the ground identifying opportunities and partnering with both major and junior companies to advance these assets is where EMX can achieve the highest return for our shareholders. This unique approach towards the royalty business provides a foundation for supporting EMX’s growth and increasing value over the long term.

	Location	Property	Commodity Group	Commodity	Operator	Royalty/Payments
2	Argentina	Diablillos	Precious Metals	Silver-Gold	AbraSilver Resources	1.0% NSR
3	Argentina	M18/Aguas Perdidas	Precious Metals	Silver	AbraSilver Resources	1.0% NSR
3	Australia, New South Wales	Koonenberry	Precious Metals	Gold	KNB & Rockwell	3% NSR & AAR payments (NQM)
3	Australia, Queensland	Queensland Gold	Precious Metals	Gold-Copper	Many Peaks Gold Pty Ltd	2.5% NSR & other payments
3	Canada, British Columbia	E&L Nickel Mountain	Battery Metals	Nickel-Copper-PGE-Gold	Garibaldi Resources	1.0% NSR
3	Canada, British Columbia	Hunter 1-12	Precious Metals	Gold	Cassair Gold	2.5% NSR
3	Canada, British Columbia	Pyramid	Precious Metals	Gold-Copper	Norra Metals Corp	1.0% NSR
3	Canada, Manitoba	Tartan Lake	Precious Metals	Gold	Satori Resources	2.0% NSR
3	Canada, Ontario	Birch/Uchi multiple groups	Precious Metals	Gold	Angel Wing Metals Inc	1.5% NSR
3	Canada, Ontario	Bruce Lake	Precious Metals	Gold	Portofino	1.5% NSR & other payments
3	Canada, Ontario	Bruce Lake - Pakwash North	Precious Metals	Gold	Goldon	1.5% NSR & other payments
3	Canada, Ontario	Cameron Lake East	Precious Metals	Gold	Gold Hunter Resources	Other payments
3	Canada, Ontario	Dagny Lake	Battery Metals	Nickel-Copper-Cobalt	Balkan Mining	Exclusivity agreement
3	Canada, Ontario	Dash Lake	Precious Metals	Gold	Shafer Resources	1.5% NSR & other payments
3	Canada, Ontario	Dixie Halo	Precious Metals	Gold	BTU Metals	0.75% NSR & other payments
3	Canada, Ontario	Dixie 17-18-19 - Eastern Vision	Precious Metals	Gold	Trillium Gold	1.5% NSR & other payments
3	Canada, Ontario	Ears Falls	Precious Metals	Gold	Cross River Ventures	1.5% NSR & other payments
3	Canada, Ontario	Confederation South - Dixie Lake2	Precious Metals	Gold	Trillium Gold	1.5% NSR & other payments
3	Canada, Ontario	Confederation South - Dixie Lake 3	Precious Metals	Gold	Trillium Gold	1.5% NSR & other payments
3	Canada, Ontario	Dent Jackson Manion	Precious Metals	Gold	Cross River Ventures	1.5% NSR & other payments
3	Canada, Ontario	Fairchild Lake	Precious Metals	Gold	Fairchild Gold	1.5% NSR & other payments
3	Canada, Ontario	Gerry Lake - Eastern Vision	Precious Metals	Gold	Trillium Gold	0.5% NSR & other payments
3	Canada, Ontario	Jackson Manion	Precious Metals	Gold	Angel Wing Metals Inc	1.5% NSR
3	Canada, Ontario	Kwai	Precious Metals	Gold	Golden Goliath	1.5% NSR & other payments
3	Canada, Ontario	Lang Lake	Precious Metals	Gold	Cross River Ventures	1.5% NSR & other payments
3	Canada, Ontario	Cabin Bay North - Leo	Precious Metals	Gold	Trillium Gold	1.5% NSR & other payments
3	Canada, Ontario	Longlegged Lake	Precious Metals	Gold	Silver Dollar Resources	1.5% NSR & other payments
3	Canada, Ontario	Lucky 7	Precious Metals	Gold	Trillium Gold	1.5% NSR & other payments
3	Canada, Ontario	Manitou Project	Precious Metals	Gold	Cross River Ventures	1.5% NSR & other payments
3	Canada, Ontario	Maskootch	Precious Metals	Gold	Cross River Ventures	1.5% NSR & other payments
3	Canada, Ontario	McDonough East	Precious Metals	Gold	Musk Metals	1.5% NSR & other payments
3	Canada, Ontario	McDonough	Precious Metals	Gold	Goldon	1.5% NSR & other payments
3	Canada, Ontario	Pipestone	Precious Metals	Gold	Goldon	1.5% NSR & other payments
3	Canada, Ontario	McVicar Lake	Precious Metals	Gold	Cross River Ventures	1.5% NSR & other payments
3	Canada, Ontario	Nabish Lake	Precious Metals	Nickel-Copper	Heritage Mining	3.0% NSR & other payments
3	Canada, Ontario	North Pakwash	Precious Metals	Gold	Trillium Gold	1.5% NSR & other payments
3	Canada, Ontario	Pakwash Lake	Precious Metals	Gold	Silver Dollar Resources	1.5% NSR & other payments
3	Canada, Ontario	Red Lake Gold 1	Precious Metals	Gold	Pacton Gold	2.5% NSR
3	Canada, Ontario	Red Lake Gold - Gullrock Lake	Precious Metals	Gold	Pacton Gold	0.25% to 2.25% & other payments
3	Canada, Ontario	Red Lake Gold - Duchess	Precious Metals	Gold	Pacton Gold	0.25% to 2.25% & other payments
3	Canada, Ontario	Red Lake Gold - Red Lake	Precious Metals	Gold	Pacton Gold	0.25% to 2.25% & other payments
3	Canada, Ontario	Red Lake Gold - Tilly	Precious Metals	Gold	Pacton Gold	0.25% to 2.25% & other payments
3	Canada, Ontario	Rex Lake South	Battery Metals	Lithium-Niobium-Tantalum-Uranium	Double O Seven	2% NSR & other payments
3	Canada, Ontario	Sandy Pines/Fly Lake/Joy	Precious Metals	Gold	Pistol Bay	1.5% NSR & other payments
3	Canada, Ontario	Shabu - Cross River	Precious Metals	Gold	Cross River Ventures	1.5% NSR & other payments
3	Canada, Ontario	Shabu - Mastadon - Taura Gold	Precious Metals	Gold	Mastadon	1.5% NSR
3	Canada, Ontario	South of Otter	Precious Metals	Gold	Portofino	1.5% NSR & other payments
3	Canada, Ontario	Swain Lake	Precious Metals	Gold	Pacton Gold	1.5% NSR
3	Canada, Quebec	Fernet	Precious Metals	Gold	QCX Gold Corp	1.0% NSR & other payments
3	Canada, Quebec	Portage River	Precious Metals	Gold	Frontline Gold	1.5% NSR & other payments
3	Chile	Arrieros	Base Metals	Copper-Molybdenum-Gold	Pampa Metals Corp	1.0% NSR
3	Chile	Block 3	Base Metals	Copper-Molybdenum	Pampa Metals Corp	1.0% NSR
3	Chile	Block 4	Base Metals	Copper-Molybdenum	Pampa Metals Corp	1.0% NSR
1	Chile	Caserones	Base Metals	Copper-Molybdenum	JX Nippon	0.7335% NSR
3	Chile	Cerro Blanco	Base Metals	Copper-Molybdenum-Gold	Pampa Metals Corp	1.0% NSR
3	Chile	Cerro Buenos Aires	Base Metals	Copper-Molybdenum-Gold-Silver	Pampa Metals Corp	1.0% NSR
2	Chile	Challacollo	Precious Metals	Silver-Gold	Aftermath Silver	2.0% NSR
3	Chile	Kolla Kananchiari - Bronce Weste	Precious Metals	Gold-Copper-Silver	Masglas America Corporation	1% NSR precious metals, 0.5% NSR base metals
3	Chile	Las Animas	Base Metals	Copper-Gold	Atacama Copper Exploration Ltd	1.5% NSR
3	Chile	Limbo	Precious Metals	Gold-Silver	Austral Gold Ltd	1.0% NSR
3	Chile	Magallanes	Precious Metals	Gold-Silver	Austral Gold Ltd	1.0% NSR
3	Chile	Morros Blancos	Base Metals	Copper-Gold-Molybdenum	Pampa Metals Corp	1.0% NSR
3	Chile	Redono-Veronica	Base Metals	Copper-Molybdenum	Pampa Metals Corp	1.0% NSR
3	Chile	San Guillermo	Precious Metals	Gold-Silver	Austral Gold Ltd	0.5% NSR
3	Chile	San Valentino	Base Metals	Copper-Gold-Molybdenum	Atacama Copper Exploration Ltd	1.0% NSR
3	Chile	T4	Base Metals	Copper-Gold	Atacama Copper Exploration Ltd	1.5% NSR
3	Chile	Victoria Norte	Precious Metals	Gold-Silver / Copper-Molybdenum	Hochschild Mining PLC	2.0% NSR
3	Chile	Victoria Sur	Precious Metals	Gold-Silver-Copper	Pampa Metals Corp	1.0% NSR
2	Finland	Kaukua	Battery Metals	PGE-Nickel-Copper-Gold	Palladium One	2% NSR
3	Finland	Oijarvi	Precious Metals	Gold-Silver	Gold Line Resources	1%/3% NSR
3	Haiti	Grand Bois	Precious Metals	Gold-Copper	Sono Global Holdings	0.5% NSR
3	Haiti	Grand Bois & Surrounding Properties	Base Metals	Copper-Gold	Newmont Ventures Ltd	0.5% NSR
3	Haiti	La Miel	Precious Metals	Gold-Copper	Newmont Ventures Ltd	0.5% NSR
3	Haiti	La Mine	Precious Metals	Gold-Copper	Newmont Ventures Ltd	0.5% NSR
3	Haiti	North Central	Precious Metals	Gold-Copper	Newmont Ventures Ltd	0.5% NSR
3	Haiti	Northeast	Precious Metals	Gold-Copper	Newmont Ventures Ltd	0.5% NSR
3	Haiti	Northwest	Base Metals	Copper-Gold	Newmont Ventures Ltd	0.5% NSR
3	Mexico, Durango	El Mogote	Precious Metals	Gold-Silver	Industrias Peñoles	2.0% NSR
3	Mexico, Durango	San Agustin Sulfides	Precious Metals	Gold	Argonaut Gold	2.0% NSR
3	Mexico, Sinaloa	San Marcial	Base Metals	Silver-Gold-Zinc-Lead	GR Silver	0.75% NSR
3	Norway	Bamble	Battery Metals	Nickel-Copper-Cobalt-PGE	Martin Laboratories EMG Ltd	2.5% NSR & other payments
3	Norway	Bleikvassli	Base Metals	Zinc-Lead-Copper	Norra Metals Corp	3% NSR & other payments
3	Norway	Burfjord	Base Metals	Copper-Gold	Norden Crown Metals Corp	3% NSR & other payments
3	Norway	Espedalen	Battery Metals	Nickel-Copper-Cobalt	Kendric Resources	3% NSR & other payments
3	Norway	Flat	Battery Metals	Nickel-Copper-Cobalt-PGE	Martin Laboratories EMG Ltd	2.5% NSR & other payments
3	Norway	Hosanger	Battery Metals	Nickel-Copper-Cobalt	Kendric Resources	3% NSR & other payments
3	Norway	Kjoli	Base Metals	Copper-Zinc-Lead	Capella Minerals Ltd	2.5% NSR & other payments
3	Norway	Lokken	Base Metals	Copper-Zinc-Lead	Capella Minerals Ltd	2.5% NSR & other payments
3	Norway	Meraker	Base Metals	Copper-Zinc-Gold	Norra Metals Corp	3% NSR & other payments
3	Norway	Mofjell - Mo-i-Rana	Base Metals	Copper-Lead-Zinc-Gold	Mahive Minerals AB	2.5% NSR, AAR’s & equity interest
3	Norway	Rana	Battery Metals	Nickel-Copper-Cobalt-PGE	Kingrose Mining Limited	2.5% NSR & other payments
3	Norway	Rostvangen	Battery Metals	Nickel-Copper-Cobalt	Playfair Mining Ltd	3% NSR & other payments
3	Norway	Sagvoll	Battery Metals	Nickel-Copper	Minco Silver	2.5% NSR & other payments
3	Norway	Sigdal	Battery Metals	Nickel-Copper-Cobalt	Kendric Resources	3% NSR & other payments
3	Norway	Sulitjelma	Base Metals	Zinc-Copper	Minco Silver	2.5% NSR & other payments
3	Norway	Vakkerlien	Battery Metals	Nickel-Copper-Cobalt	Playfair Mining Ltd	3% NSR & other payments
2	Peru	Berenguela	Base Metals	Copper-Silver-Manganese-Zinc	Aftermath Silver	1.0% - 1.25% NSR
3	Serbia	Jasikovo East - Durlan Potok	Base Metals	Copper-Gold	Zijin Mining	0.5% NSRS1
3	Serbia	Timok – (Brestovac West license	Precious Metals	Gold	Zijin Mining	2.0% NSR on Au and Ag, 1% NSR other metals
1	Serbia	Timok – Cukaru Peki	Base Metals	Copper-Gold	Zijin Mining	0.5% NSRS1
3	Sweden	Blabarliden	Precious Metals	Gold	Gold Line Resources	3% NSR & other payments
3	Sweden	Faboliden Norra	Precious Metals	Gold	Capella Minerals Ltd	2.5% NSR & other payments
3	Sweden	Fiskeltrask	Base Metals	Nickel-Copper-Cobalt	Bayrock Resources Ltd	3% NSR & other payments
3	Sweden	Gumsberg	Base Metals	Zinc-Lead-Silver	Norden Crown Metals Corp	3% NSR & other payments
3	Sweden	Kankberg Norra	Precious Metals	Gold	Gold Line Resources	3% NSR & other payments
3	Sweden	Kattisavan	Precious Metals	Gold	Gold Line Resources	3% NSR & other payments
3	Sweden	Klippen	Precious Metals	Gold	Gold Line Resources	1% NSR & other payments
3	Sweden	Kukasjarvi	Battery Metals	Nickel-Copper-Cobalt	Bayrock Resources Ltd	3% NSR & other payments
3	Sweden	Mjovattnet	Battery Metals	Nickel-Copper-Cobalt-PGE	Martin Laboratories EMG Ltd	2.5% NSR & other payments
3	Sweden	Njuggtraskliden	Battery Metals	Nickel-Copper-Cobalt-PGE	Martin Laboratories EMG Ltd	2.5% NSR & other payments
3	Sweden	Nottrask	Battery Metals	Nickel-Copper-Cobalt	Bayrock Resources Ltd	3% NSR & other payments
3	Sweden	Paubacken	Precious Metals	Gold	Gold Line Resources	3% NSR & other payments
3	Sweden	Skogstrask	Battery Metals	Nickel-Copper-Cobalt	Bayrock Resources Ltd	3% NSR & other payments
3	Sweden	Solvik	Precious Metals	Gold	Gold Line Resources	2.5% NSR & other payments
3	Sweden	Storjuktan	Precious Metals	Gold	Gold Line Resources	3% NSR & other payments
3	Sweden	Svardsjo	Base Metals	Copper-Zinc-Lead-Silver-Gold	District Metals	Nickel-Copper-Cobalt-PGE
3	Sweden	Tomtebo	Base Metals	Copper-Zinc-Lead-Silver-Gold	District Metals	2.5% NSR & other payments
2	Sweden	Viscaria	Base Metals	Copper (Iron)	Copperstone Resources	1.0% NSR
3	Sweden	Vuostok	Battery Metals	Nickel-Copper-Cobalt	Bayrock Resources Ltd	3% NSR & other payments
2	Turkey	Akarca	Precious Metals	Gold-Silver	Çiftay	1-3% NSR & other payments
3	Turkey	Alankoy	Base Metals	Copper-Gold	Kar Mineral Madencilik	2.5% NSR & other payments
1	Turkey	Balya	Base Metals	Zinc-Lead-Silver	Esan	4% NSR & other payments
1	Turkey	Gediktepe Oxide / Sulfide	Precious Metals	Gold-Silver / Copper-Zinc-Gold-Silver	Lidya Madencilik	10.0% NSR Oxide / 2.0% NSR Sulfide
2	Turkey	Sisorta	Precious Metals	Gold (Copper)	Bahar Madencilik	3.5-5% NSR & other payments
2	Turkey	Yenipazar	Precious Metals	Gold-Silver-Zinc-Copper-Lead	Virtus Mining/Trafigura	6.0% - 10.0% NPI
3	USA, Alaska	64 North - Goodpaster - West Pogo	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Alaska	64 North - Goodpaster - South Pogo	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Alaska	64 North - Goodpaster - Shaw	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Alaska	64 North - Goodpaster - Eagle	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Alaska	64 North - Goodpaster - LMS	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Alaska	64 North - Goodpaster - Last Chance	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Alaska	64 North - Goodpaster - East Pogo	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Alaska	64 North - Goodpaster - Divide	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Alaska	64 North - Goodpaster - Chisna	Precious Metals	Gold	Millrock Resources	0.5 – 1.5% NSR
3	USA, Arizona	Copper King	Base Metals	Copper-Molybdenum	Kennecott Exploration Co	2.0% NSR, AMR & Milestone Payments
3	USA, Arizona	Copper Springs	Base Metals	Copper-Molybdenum	South32	2% production and other payments
3	USA, Arizona	Hardshell Skarn	Base Metals	Copper-Lead-Zinc-Silver	South32	2.0% NSR & AMR Payments
3	USA, Arizona	Jasper Canyon	Base Metals	Copper-Molybdenum	South32	2% production and other payments
3	USA, Arizona	Malone	Base Metals	Copper	South32	2% production and other payments
3	USA, Arizona	Mesa Well	Base Metals	Copper	Intrepid Metals	2% production and other payments
3	USA, Arizona	Parks Salyer – Sacaton	Base Metals	Copper-Molybdenum	Arizona Sonoran Copper	1.5% NSR & other payments
3	USA, Arizona	Red Top	Base Metals	Copper-Molybdenum	Zacapa Resources	2.5% NSR/AMR & Milestone Payments
3	USA, Arizona	Superior West	Base Metals	Copper	Kennecott Exploration Co	2% NSR, AMR & Milestone Payments
3	USA, Idaho	Cartwright Canyon	Precious Metals	Gold-Silver	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Century	Precious Metals	Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Cuddy Mountain	Base Metals	Copper	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Independence	Precious Metals	Gold-Silver	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Erickson Ridge	Precious Metals	Copper-Molybdenum-Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Jacknife	Base Metals	Silver-Lead-Zinc	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Lehman Butte	Precious Metals	Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Miller Mountain	Precious Metals	Gold	Zacapa Resources	3.5% NSR/AMR & Milestone Payments
3	USA, Idaho	Muldoon	Precious Metals	Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Moose Ridge	Precious Metals	Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Robber Gulch	Precious Metals	Gold	Ridgeline Exploration Corp	3.25% NSR & other payments
3	USA, Idaho	Scout	Precious Metals	Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Silverback	Base Metals	Silver-Lead-Zinc	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	South Orogrande	Precious Metals	Copper-Molybdenum-Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Timber Butte	Precious Metals	Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Idaho	Valve House	Precious Metals	Gold	Scout Discoveries Corp	3.25% NSR & other payments
3	USA, Nevada	Brooks	Precious Metals	Gold	Nevada Gold Mines	4% NSR
3	USA, Nevada	Cathedral Well	Precious Metals	Gold	Ely Gold Royalties	2.5% NSR
2	USA, Nevada	Gold Bar South – Afgan	Precious Metals	Gold	McEwen Mining Inc	1% NSR
1	USA, Nevada	Leeville	Precious Metals	Gold	Nevada Gold Mines	1% GSR
3	USA, Nevada	Maggie Creek	Precious Metals	Gold	Renaissance Gold Inc	2% NSR on precious metals; 1% NSR on other metals
3	USA, Nevada	Maggie Creek South	Precious Metals	Gold	Nevada Gold Mines	3% NSR
3	USA, Nevada	NP Placers	Precious Metals	Gold	New Gold Recovery	> Of 50 cents/yd3 or 4% NSR & AAR Payments
3	USA, Nevada	Richmond Mountain	Precious Metals	Gold	Stallion Gold Corp	4% NSR, AAR & Milestone Payments
3	USA, Nevada	Selena	Base Metals	Silver-Gold-Lead-Zinc	Ridgeline Minerals	3.25% production, AMR & Milestone Payments
3	USA, Nevada	Silver Peak	Precious Metals	Silver-Gold	Millennium Silver Corp	1.5% NSR
3	USA, Nevada	Speed Goat	Precious Metals	Gold	Hochschild Mining PLC	4% NSR & other payments
3	USA, Nevada	Swift	Precious Metals	Gold	Ridgeline Minerals	3.25% production, AMR & Milestone Payments
3	USA, Nevada	Yerington West-Roulette	Base Metals	Copper	Hudbay Minerals	20% carried to feasibility or 2.5% NSR
3	USA, Oregon	Golden Ibex	Precious Metals	Gold	Golden Ibex	1% NSR
3	USA, Utah	Copper Warrior	Base Metals	Copper	Warrior Metals Inc	2.0% NSR
3	USA, Utah	Ophir	Base Metals	Copper	Kennecott Exploration Co	2.0% NSR

TSX-V:EMX:CAD 2.67

NYSE American:EMX:USD 1.94

Frankfurt:6E9.F:€1.78