trending Market Intelligence /marketintelligence/en/news-insights/trending/XcVfyulKuo4afGoMeDemNw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

EMX Royalty selling Norway, Sweden properties to OK2 Minerals

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

EMX Royalty selling Norway, Sweden properties to OK2 Minerals

EMX Royalty Corp. said Dec. 13 that it struck a deal to sell its projects in Norway and Sweden to OK2 Minerals Ltd.

The agreement covers EMX's Bleikvassli, Sagvoll and Meråker polymetallic projects in Norway, and the Bastuträsk polymetallic project in Sweden.

In return, EMX will gain a 9.9% stake in OK2, annual advance royalty payments of up to US$60,000 and a 3% net smelter royalty on each of the four projects, with OK2 having the option to buy back a 1% NSR for US$2.5 million within six years from closing.

Consideration also comprises a 0.5% NSR on OK2's new projects in Sweden or Norway, and a 1% NSR on OK2’s Pyramid copper-gold project in British Columbia.

Upon closing, OK2 will undergo a corporate restructuring by share consolidation and change its name to Norra Metals Corp.

For EMX to maintain its 9.9% interest, OK2 is required to issue additional shares, up to a maximum of 13,398,958 shares post-consolidation, until OK2 has raised C$5 million in equity to fund exploration and development on the properties, or until five years upon closing, whichever occurs first.

OK2 must also spend C$2 million on the properties within two years from closing. Otherwise, EMX's stake in the company will rise to 14.9%.

EMX's properties contain historical mining areas and/or drill-defined zones of zinc-lead-copper mineralization with variable levels of silver-gold enrichments.