TSXV:EMX - Post Discussion
Post by
StockhouseInsider on Sep 05, 2023 3:27pm
EMX and Zijin settle NSR on Timok Royalty
EMX Executes Updated Timok Royalty Agreement with Zijin https://emxroyalty.com/news/2023/emx-executes-updated-timok-royalty-agreement-with-zijin/ EMX and Zijin have agreed that the Timok royalty will consist of a 0.3625% Net Smelter Return (“NSR”) royalty that is uncapped and cannot be repurchased or reduced. The royalty covers Zijin’s Brestovac exploration permit area (including the Cukaru Peki Mining licenses), as well as portions of Zijin’s Jasikovo-Durlan Potak exploration license north of the currently active Bor Mine (Figure 1).
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