EMX Royalty Corp – We are becoming Cash Free Neutral from our Royalty Streams

Dr. Eric Jenson of General Manager of Exploration for EMX Royalty sits down with Maurice Jackson of Proven and Probable to discuss the new name-new look, Scandinavian Project updates, and the massive Malmyzh Project in Russia. Mr. Jenson addresses the new name and new look in this interview and why the change. Shareholders can rest at ease when hearing his commentary on the changes. Also, Eric provides us with an in-depth perspective on the latest developments in Scandinavia, specifically regarding the addition of 120,000 hectares in mineral rights! Finally, he provides us with an update on the massive porphyry copper-gold project with IG Copper in Russia. And equally important EMX Royalty Corp is becoming Cash Free Neutral and Mr. Jenson conveys why that is strategically important for shareholders.

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TRANSCRIPT

Maurice: 

Welcome to Proven and Probable. We focus on metals, mining and more. Joining us today is Eric Jensen of EMX Royalty. Thank you for joining us today, sir.

Eric:

Yeah, hi Maurice, yeah.

Maurice: 

Eric, a lot of investors are concerned about this new logo.

Eric:

Yeah.

Maurice: 

Even if there’s a change, free EMX Royalty from erasing minerals, or do some of the same, great management, same great philosophy?

Eric: 

Well, you know there is a change, and the change is to the name of the company, and the reason we did that, and people do ask questions here, why’d you … is that why you’re  changing your business practice? Absolutely not, we’re doing the same work that we’ve always done, the same people, same team, but we wanted to better convey to the market and our investors, the true nature what the company, the value we’re developing as a company, that’s royalties. We’ve been focused on royalties for a long time, and people really saw us an exploration kind of thing, which is true we did a lot of expiration but we built a giant royalty portfolio package as a product of that exploration. We wanted people to see that and recognize that with our name.

Maurice:

Eric, discussing the name and the royalties, let’s talk about Scandinavia. It’s very near and dear to my heart, and your heart.

Eric:  

That’s right. Yeah. Yeah. But we’ve been very active in Scandinavia, over the past four or five years ago.

We started working in Scandinavia about four or five years ago, and we built a substantial portfolio, we advanced the projects, we got that down to four really good projects, and last fall we found a junior company, it’s a private company called Boreal Metals Corporation, which had access to capital that wanted to advance in projects in Scandinavia. So we formed a partnership with them, we are agents of significant shareholder, we have royalties in the properties, and those projects will be advanced by Boreal, we’re gonna start drilling here in the next few weeks, few months. We got a very impressive program planned for this fall so, EMX Royalty looked around and said, “Well, our portfolio now has been vended, and let’s look at restocking the shelves.” And so, for the last couple years during the downturn, a lot of companies were running low on capital, and so land positions that were really nice pieces of property came available, and we acquired a great deal of land.

With the short list of properties that we’re watching, so when this one comes available and we get that, and so after we did the deal with Boreal, my main focus in Scandinavia is to restock those shelves, and to rebuild the portfolio we’ve done a nice job of that. 120,000 hectares of mineral rights across and Sweden and Norway we have obtained in the last eight months, and again that’s a product of many years of work, identifying these opportunities, and waiting for them to come open at the right time.

Maurice:

That’s quite aggressive, and a great strategic movie and I know shareholders are delighted to hear about that.

Eric: 

This is what we do.

Maurice: 

Let’s switch gears and talk about the latest press release.

Eric:  

Yes. Which is right here, in front of us. So yeah, a lot of people that are familiar with the company know we have a sizable investment in a company that’s making one of the biggest ongoing, copper and gold discoveries in the world, in far Southeastern Russia. This is being done in cooperation with Freeport-McMoRan, and so Freeport is a 49% percent owner in this project. The company that we’re backing is a 51% owner, they control the project, operate the project. That’s a company called IG Copper, we’re the largest shareholders, so two EMX people, Dave Cole and Michael Winn, who are on our board of directors and the CEO and President, are on the board of directors for IG Copper, We work very closely with that company and so we just had a press release two days ago, announcing some fantastic drill results so this is an ongoing discovery of a whole series of copper and gold porphyry deposits in far Eastern Russia. Latest drill results 417 meters of point six copper equivalent, that’s half a percent copper, point-two-one gold. Nice drill result. This is from in fact the surface, very shallow mineralization, very low strip ratio in our models, it’s gonna look really good on balance sheet.

Maurice: 

It’s quite impressive and just for a first time listener, give us the name of the project you mentioned.

Eric:

Malmyzh. This is a Malmyzh project, and it’s being operated by IG Copper, we’re the largest shareholder, we have two board seats, and they’re partnered with Freeport on this project.

Maurice:  

Before we close here, catalyst. What catalyst do you see in the next six months in for EMX Royalty.

Eric: 

I think once this name change takes hold, people start recognize us as a royalty company, which is what we are, we’ve got a big stable of royalty interest around the world across commodity types. Once that name, that recognition takes place I think we’re gonna see some action in our share place but also, one of the key catalysts for the value drivers for our company, is the fact that because your royalty revenues are increasing through time, now overall revenues from all of our property agreements around the world continue to generate additional cash flow with time. We are reaching a point now where our revenues are basically the same as our expenditures, we’re becoming cash flow nuetral, which is very important for an expiration company, it means we don’t have to go to the marketplace capital, we have enough capital coming in from our agreement payments, and from our royalty streams to pay for all the activities of the company, and as a key shareholder which I am on the company, that means less dilution and more value. Those are the key things.

Maurice:

Very quickly, before we leave, give us the new symbol as well, because it will change in the next six months, it’s no longer EMXX, it’s now …

Eric: 

EMX, and so in the New York Stock Exchange, we used to be trading under the symbol EMXX, it’s now EMX in both exchanges, Toronto and in New York.

Maurice: 

Before we close Eric, let me ask this. What is the website? So someone can contact you.

Eric:

www.emxroyalty.com

Maurice:  

And is there a phone number as well?

Eric: 

There is a phone number, is area code 303 973 8585.

Maurice: 

Eric Jensen of EMX Royalty, thanks for joining us today, on Proven and Probable.

Eric:

Thanks Maurice. Cheers.

Speaker 3: 

Thank you for joining us today on Proven and Probable. Remember to like and subscribe, for more conversations with the most respected names, in the natural resource space. Check out our website, at www dot proven and probable dot com.

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