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EMX Royalty Options Kuusamo Battery Metals Project in Finland to Sienna
[DATELINE ]EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the "Company" or "EMX...
About this update from Sienna Resources Inc
[{"type":"text","content":"EMX Royalty Options Kuusamo Battery Metals Project in Finland to Sienna[DATELINE]EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the \"Company\" or \"EMX\") is pleased to announce the execution of an amendment to its Option Agreement with Sienna Resources Inc. (\"Sienna\") (TSXV: SIE), originally signed in December, 2017. The amendment will restructure the terms of the Option Agreement for the Slättberg nickel-copper-cobalt-PGE (Ni-Cu-Co-PGE) project in southern Sweden, and Sienna will enter a two year option period to acquire EMX's Kuusamo Ni-Cu-Co-PGE project in Finland in exchange for a royalty, satisfying work commitments, and making payments of cash and equity to EMX.The Kuusamo battery metals project (the \"Project\") is comprised of two exploration \"reservation\" properties located adjacent to and near EMX's Kaukua PGE royalty property in Finland, which is being advanced by Palladium One Mining Inc.1 The highly prospective Kuusamo project hosts similar styles of mineralization located within the same mafic intrusive complex and along trend of the mineralization at Kaukua. Both the Kuusamo and Kaukua properties show Ni-Cu-Co-PGE enriched sulfide horizons near the base of a mafic intrusive complex. Geologic maps of the area depicting this horizon show that it extends for nearly 30 kilometers along strike within the EMX reservation areas. Sienna and EMX have been working together to advance the Slättberg Ni-Cu-Co-PGE project in southern Sweden, a relationship that will now extend to Finland. The addition of Kuusamo as an additional property optioned to Sienna is another example of the execution of EMX's royalty generation business model. EMX forms partnerships with companies that are adept at funding exploration and advancing projects, even in challenging market conditions, to the benefit of both companies and their shareholders.Battery metals projects such as Kuuasmo, Slättberg and Kaukua have been a recent focus for EMX's exploration programs in Fennoscandia, which provide additional commodity optionality to EMX's rapidly expanding portfolio of royalty and mineral project interests around the world. Summary of Commercial Terms. Sienna can earn a 100% interest in the Kuusamo Project in Finland (the \"Project\"), subject to a 3% NSR royalty to EMX by:Issuing an additional 500,000 shares of SIE to EM...