EMX Royalty

What EMX Royalty does

EMX Royalty Corporation was a royalty generation company that acquired mineral properties at minimal upfront cost and partnered with mining operators to explore and develop those properties, retaining Net Smelter Return (NSR) and similar royalty interests as long-life contractual claims on future production. The company's core technology was its royalty generation and portfolio management model, applied across jurisdictions including the USA, Chile, Australia, and Serbia, with cornerstone assets such as Caserones (copper-molybdenum, Lundin Mining), Karlawinda (gold, Capricorn Metals), Timok-Cukaru Peki (copper-gold, Zijin Mining), Laverton (gold, Genesis Minerals), and Leeville (gold, Nevada Gold Mines). Revenue was generated through percentage-based royalties on gross revenue from mining production, a capital-light licensing/royalty model yielding industry-typical gross margins above 85% while avoiding operating costs, capex overruns, and execution risk associated with direct mine ownership.

In November 2025, EMX merged with Elemental Altus Royalties Corp. via a court-approved plan of arrangement to form Elemental Royalty Corporation (NASDAQ:ELE, TSX:ELE), combining more than 200 royalty interests with 18 producing assets and an estimated US$933 million post-money market capitalization, supported by a US$100 million private placement from Tether Investments. The combined entity operates a focused gold (67% of revenue from precious metals) and base-metals royalty portfolio with cornerstone operators, while continuing the organic royalty generation pipeline that originally defined EMX. Post-merger strategic activity included the acquisition of Vizsla Royalties (Panuco silver-gold project, Mexico) and the launch of a quarterly dividend with an XAU₮ token in-kind payment alternative, deepening integration with the Tether ecosystem.

Name

EMX Royalty

Legal name

EMX Royalty Corporation

Website

https://emxroyalty.com

Company type

Private

Founded year

1994

Operating status

Acquired

Headcount range

1–10 employees

Short description

EMX Royalty was a royalty generation company acquiring mineral properties at low cost and partnering with mining operators to retain royalty interests; merged into Elemental Royalty Corporation (NASDAQ:ELE) in November 2025, now holding 200+ royalties and 18 producing assets globally.

Ownership category

akta.pro rank

Product category

Mining Royalty Financing

NAICS

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (533)

SIC

Mineral Royalty Traders (6795)

akta.pro primary industry

Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK)

Keywords

• Mining royalty financing
• Precious metals royalties
• Royalty streaming company
• Mineral property acquisition
• Mining investment exposure

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Royalty Revenue from Mineral Properties: EMX Royalty generated revenue through royalty interests on metal and mineral properties worldwide. The company acquired properties at minimal cost and subsequently sold or optioned them to mining operators while retaining royalty interests. Revenue was generated from NSR (Net Smelter Return) royalties on producing, development, and exploration-stage assets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

EMX Royalty Corporation is a Canadian mining royalty company that acquires mineral properties at minimal upfront cost, partners with operating miners who fund exploration and development, and retains long-life non-operating royalty interests. The company earns revenue from a globally diversified portfolio of more than 200 royalty interests across gold, copper, silver, and other metals, including 18 producing assets and 28 development-stage royalties, with cornerstone positions in Caserones (Chile), Karlawinda (Australia), Timok-Cukaru Peki (Serbia), Laverton (Australia), and Leeville (Nevada).

Product overview

Elemental Royalty (formerly Elemental Altus after merger with EMX Royalty in November 2025) operates as a gold-focused royalty and streaming company providing investors exposure to a globally diversified portfolio of mining assets without operational risk. The company offers a unified royalty model combining producing royalties (18 assets generating immediate cash flow) with development-stage royalties (28 assets offering long-term growth). The portfolio includes cornerstone assets such as Caserones (copper-molybdenum, Chile), Karlawinda (gold, Australia), Timok-Cukaru Peki (copper-gold, Serbia), Laverton (gold, Australia), and Leeville (gold, Nevada). The company also operates a royalty generation model that acquires properties at minimal cost and expands through partnerships, and actively acquires royalties from other holders through its 'We buy royalties' program.

Differentiator

Problem solved

Functional benefit

Products and services

• Caserones Royalty Long-life NSR royalty interest in the Caserones copper-molybdenum operation in Chile, owned by operator Lundin Mining. Provides royalty revenue exposure to copper and molybdenum production for the life of the mine.
• Karlawinda Royalty Royalty interest in the Karlawinda gold mine in Western Australia, operated by Capricorn Metals. Generates royalty revenue linked to gold production and pricing across the mine life.
• Timok-Cukaru Peki Royalty Royalty interest in the Timok-Cukaru Peki copper-gold project in Serbia, operated by Zijin Mining. Provides exposure to a major copper-gold development asset.
• Laverton Royalty Royalty interest in the Laverton gold operation in Western Australia, operated by Genesis Minerals. Generates royalty revenue tied to gold production from the Laverton gold district.
• Leeville Royalty Royalty interest in the Leeville gold operation on the Carlin Trend in Nevada, operated by Nevada Gold Mines (a Barrick-Newmont joint venture). Provides royalty revenue tied to gold production from a Tier-1 mining district.

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Elemental Altus Royalties Corp.coreStrategic or Co-development Partner · 13 November 2025EMX Royalty completed a merger with Elemental Altus Royalties Corp. through a court-approved plan of arrangement. The combined entity was renamed Elemental Royalty Corporation and listed on NASDAQ. The merger created a mid-tier gold-focused royalty company with over 200 royalties including 16 producing assets.
• Kennecott Exploration CompanyminorStrategic or Co-development Partner · 6 November 2025Kennecott Exploration Company exercised its option to purchase the Superior West Project in Arizona, making a final payment of $3,407,383 to EMX and agreeing to a 2.5% NSR royalty on the project.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Franco-Nevada Corporation: The largest gold-focused royalty and streaming company globally, with a diversified portfolio across precious and base metals. Most directly comparable to Elemental/EMX given similar royalty model, gold-focused portfolio, and is also EMX's senior secured lender.
• Vox Royalty Corp. Smaller diversified metals royalty company with a portfolio of ~50 royalties. Comparable royalty model at smaller scale, with similar growth-by-acquisition strategy.
• Osisko Gold Royalties: Gold-focused royalty and streaming company with a mid-tier portfolio anchored by the Canadian Malartic stream. Similar size and precious-metals tilt as Elemental/EMX, making it one of the closest size-and-focus comparables.
• Metalla Royalty & Streaming: Smaller precious-metals royalty and streaming company focused on acquiring and generating royalties. Comparable business model and growth-stage profile.
• Royal Gold: Direct precious-metals royalty and streaming company with a portfolio of over 175 properties. Same business model, similar precious-metals focus, and comparable operator-partnership structure.
• Sandstorm Gold Royalties: Gold royalty company with a portfolio of over 200 royalties and streams, primarily precious-metals focused. Directly comparable by asset count and commodity focus.
• Maverix Metals: Royalty and streaming company with a portfolio of over 100 assets across precious and base metals. Directly comparable royalty model at a similar mid-tier scale.
• Wheaton Precious Metals: Major precious-metals streaming and royalty company with long-life streaming agreements on gold, silver, and base-metal assets. Closely comparable business model (streaming + royalties) and precious-metals focus.
• Gold Royalty Corp. Gold-focused royalty company built through roll-ups of smaller royalty portfolios. Previously merged with Elemental Altus, making it a closely related comparable in size and structure.

Emerging players

• Vizsla Royalties: Royalty arm spun out of Vizsla Silver focused on silver-gold royalties, including the flagship Panuco silver-gold project. Currently being acquired by Elemental Royalty, validating strategic overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/emxcorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EMX Royalty