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Be the first with the news that moves the market- EMX Royalty (EMX) has executed an agreement to sell three of its projects in Sweden to Copperhead Mineral AB
- The three projects are the Adak volcanogenic massive sulfide project and the Åkerberg and Rismyrliden gold projects
- As a result of this transaction, Copperhead intends to apply for a public listing on a multilateral trading facility in Sweden
- EMX is a precious, base and battery metals royalty company
- EMX Royalty (EMX) last closed at $2.67 per share
EMX (EMX) has sold three of its projects in Sweden to Copperhead Mineral AB.
The three projects are the Adak volcanogenic massive sulfide project and the Åkerberg and Rismyrliden gold projects.
The agreement provides EMX with a 9.9-per-cent equity interest in Copperhead, annual advance royalty payments, 2.5 per cent net smelter return royalty interests, work commitments, and other considerations.
Copperhead intends to apply for a public listing on a multilateral trading facility in Sweden or other appropriate trading facility.
EMX acquired the Adak VMS project in 2020. The project covers areas of historical mining in the Adak district, at the northwest end of the prolific Skellefteå mining belt in Sweden.
Åkerberg and Rismyrliden are intrusion-hosted and orogenic gold projects also located in the Skellefteå belt. The Åkerberg licence surrounds the historic Åkerberg Gold Mine, with the Rismyrliden property located nearby along the geologic trend to the south of Åkerberg.
Via an arm’s length transaction, Copperhead will acquire a 100-per-cent interest in the EMX subsidiary that controls the projects.
EMX is a precious, base and battery metals royalty company.
EMX Royalty (EMX) last closed at $2.67 per share.
