Form 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name & Address of Company
EMX ROYALTY CORPORATION ("EMX" or the "Company")
Suite 501 - 543 Granville Street
Vancouver, British Columbia
V6C 1X8
Item 2. Date of Material Change
June 30, 2022
Item 3. News Release
A news release dated July 6, 2022, was disseminated through the facilities of Newsfile Corp. and filed on SEDAR at www.sedar.com on July 6, 2022.
Item 4. Summary of Material Change
EMX announced that it has repaid in full the US$7.85 million vendor take back note issued to SSR Mining Inc. ("SSR Mining") on October 21, 2021.
Item 5. Full Description of Material Change
Item 5.1 Full Description of Material Change
A full description of the material change is contained in the news release attached hereto as Schedule A.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable
Item 6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
None.
Item 8. Executive Officer
Rocio Echegaray, Corporate Secretary
Phone: 604-688-6390
Email: rocio@EMXRoyalty.com
Item 9. Date of Report:
July 6, 2022
SCHEDULE "A"
NEWS RELEASE
EMX Repayment of US$7.85 million Vendor Take Back Note
Vancouver, British Columbia, July 6, 2022 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) - EMX Royalty Corporation (the "Company" or "EMX") is pleased to announce that it has repaid in full the US$7.85 million vendor take back note issued to SSR Mining Inc. ("SSR Mining") on October 21, 2021 (see EMX news release dated October 21, 2021 (referred to therein as the "VTB Note")).
To facilitate the acquisition of a portfolio of royalty interests and deferred payments from SSR Mining and certain of its subsidiaries (see EMX news release dated October 21, 2021), the Company borrowed US$7.85 million from SSR Mining pursuant to the VTB Note. The total repayment made by the Company under the VTB Note, including all principal and interest, was US$8.36 million.
About EMX. EMX is a precious, base and battery metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX", and also trade on the Frankfurt exchange under the symbol "6E9". Please see www.EMXroyalty.com for more information.
For further information contact:
David M. Cole President and CEO Phone: (303) 973-8585 Dave@EMXroyalty.com | Scott Close Director of Investor Relations Phone: (303) 973-8585 SClose@EMXroyalty.com | Isabel Belger Investor Relations (Europe) Phone: +49 178 4909039 IBelger@EMXroyalty.com |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Statements
This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended March 31, 2022 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2021, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.
Suite 501 - 543 Granville Street, Vancouver, British Columbia V6C 1X8, Canada
Tel: (604) 688-6390 Fax: (604) 688-1157
www.EMXroyalty.com
