trending Market Intelligence /marketintelligence/en/news-insights/trending/T-fySQBn3MzseMqx9DOf4A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

EMX eyes royalty revenue after Turkey project ownership change


Top electric vehicle markets dominate lithium-ion battery capacity growth


Message in a (Word)Cloud


Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining

EMX eyes royalty revenue after Turkey project ownership change

Vancouver, British Columbia-based EMX Royalty Corp. on Jan. 7 reported the transfer of the Balya polymetallic property in Turkey, where the company owns a 4% net smelter royalty.

The company said private Turkish company Esan Eczacibaşi Endüstriyel Hammaddeler San. ve Tic. AŞ acquired the lead-zinc-silver prospective property from Dedeman Madencilik San. ve Tic. AŞ in late 2019.

EMX said the deal will enhance its revenue from the royalty, which is uncapped and cannot be repurchased. Esan is expected to integrate Balya into its own lead-zinc mine and a flotation mill.

As part of the deal, EMX executed a revised royalty agreement with Esan that provides for blending materials mined from the Esan property and Balya as well as guidelines regarding royalty payment calculations.

EMX initially acquired Balya from an auction by the Turkish government before it formed a royalty partnership with Dedeman, which further advanced the property.