EMX Royalty sells five battery metal assets in Sweden
EMX Royalty said today it sold five battery metals projects in Sweden to Swedish Nickel, a wholly owned subsidiary of Bayrock Resources.
The agreement provides EMX with up to a 6% equity interest in Bayrock, annual advance royalty payments, 3% Net Smelter Return royalty interests, work commitments and other considerations.
EMX Royalty receives $65,184 cash
The Projects are situated within a belt of mafic-ultramafic intrusive complexes that straddle the Sweden-Finland border. This belt of intrusions is host to multiple nickel-sulfide deposits such as the Kevitsa and Sakatti deposits in Finland. Each of the EMX Projects included in the Agreement contain historical drill defined zones of nickel copper mineralization that also show variable enrichments in cobalt and PGE.