# EMX Royalty Corporation

> EMX Royalty Corporation is a Vancouver-listed, Colorado-run mineral royalty company that gets paid when other people's mines produce metal. Founded in 1996 by exploration geologist David Cole, EMX pioneered 'organic royalty generation' - staking early-stage ground, handing the drilling risk to operating partners, and keeping a slice of every ounce and ton that eventually comes out. By 2025 it owned interests in roughly 280 properties across six continents and cash-flowing royalties on mines like Caserones, Timok and Gediktepe, before merging into the new Elemental Royalty Corporation in a US$456 million deal.

- **Founded:** 1996
- **Headquarters:** Vancouver, Canada
- **Founders:** David M. Cole (President, CEO & Founder)
- **Team size:** ~31 employees
- **Products:** Organic royalty generation, Royalty acquisition, Strategic investments, Producing royalty portfolio
- **Notable:** Built a global portfolio of roughly 280 mineral properties, including 6 producing royalties, from a standing start in 1996, Delivered an average annual compounded growth rate of about 17% over its history, Established anchor royalties on Caserones, Timok and Gediktepe, each with potential lifetime payments in the hundreds of millions to over US$1 billion

## Products & services

- **Organic royalty generation** — EMX's signature model: geologists identify and stake prospective early-stage ground, then option it to partner operators in exchange for cash, equity and a retained net smelter return (NSR) royalty.
- **Royalty acquisition** — Buying existing or third-party royalty interests to add near-term cash flow and diversification to the portfolio.
- **Strategic investments** — Taking equity stakes in exploration and development partners, providing capital and upside alongside royalty interests.
- **Producing royalty portfolio** — Cash-flowing royalties on operating mines including Caserones (Chile), Timok (Serbia), Gediktepe and Balya (Turkey), Leeville and Gold Bar South (Nevada).

## Achievements

- Built a global portfolio of roughly 280 mineral properties, including 6 producing royalties, from a standing start in 1996
- Delivered an average annual compounded growth rate of about 17% over its history
- Established anchor royalties on Caserones, Timok and Gediktepe, each with potential lifetime payments in the hundreds of millions to over US$1 billion
- Q2 2025 adjusted operating cash flow of US$9.0 million, up roughly 570% year over year
- Merged into Elemental Royalty Corporation in 2025 at an implied value of ~US$456 million, backed by a US$100 million Tether investment

## Latest updates

- **2025-11** — Elemental Altus and EMX completed their merger, creating the mid-tier, gold-focused Elemental Royalty Corporation (NASDAQ/TSX: ELE).
- **2025-09** — EMX and Elemental Altus announced a definitive all-share arrangement valuing EMX at ~US$456 million, supported by a US$100 million investment from Tether.
- **2025-08** — EMX reported Q2 2025 revenue and other income of US$14.7M, adjusted royalty revenue of US$19.0M and adjusted EBITDA of US$12.1M, and raised full-year guidance.

## Links

- Website: https://emxroyalty.com
- LinkedIn: https://www.linkedin.com/company/emx-royalty-corporation
- Twitter/X: https://twitter.com/emxcorp
- YouTube: https://www.youtube.com/@emxroyalty
- Facebook: https://facebook.com/emxroyaltycorp/

---

Profile page: https://yespress.io/emx-royalty-corporation
Published by YesPress — https://yespress.io
Last updated: 2026-08-20