<SEC-DOCUMENT>0001062993-20-003108.txt : 20200701
<SEC-HEADER>0001062993-20-003108.hdr.sgml : 20200701
<ACCEPTANCE-DATETIME>20200630212651
ACCESSION NUMBER:		0001062993-20-003108
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20200630
FILED AS OF DATE:		20200701
DATE AS OF CHANGE:		20200630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMX Royalty Corp
		CENTRAL INDEX KEY:			0001285786
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35404
		FILM NUMBER:		201003825

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 501-543 GRANVILLE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1X8
		BUSINESS PHONE:		604-688-6390

	MAIL ADDRESS:	
		STREET 1:		SUITE 501-543 GRANVILLE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1X8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EMX ROYALTY Corp
		DATE OF NAME CHANGE:	20170719

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EURASIAN MINERALS INC
		DATE OF NAME CHANGE:	20040401
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html>

<head>
    <title>EMX Royalty Corp.: Form 6-K - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt;">
    <hr style="text-align: center;" width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center;"><b><font size="5">UNITED STATES </font><br></b><b><font size="5">SECURITIES AND EXCHANGE COMMISSION </font></b><br><b>Washington, D.C. 20549 </b></p>
    <p style="text-align: center;"><b><font size="5">FORM 6-K </font></b></p>
    <p style="text-align: center;"><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 <br>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </b></p>
    <p style="text-align: center;">For the month of <b><u>June 2020</u></b></p>
    <p style="text-align: center;">Commission File Number: <u><b>001-35404 </b></u></p>
    <p style="text-align: center;"><b><font size="5"><u>EMX ROYALTY CORPORATION</u></font><br></b>(Translation of registrant&#8217;s name into English)</p>
    <p style="text-align: center;"><b>Suite 501 </b><b>&#8211;</b><b> 543 Granville Street <br>Vancouver, British Columbia V6C 1XB <br><u>Canada </u></b><b><u><br></u></b>(Address of principal executive offices)</p>
    <p style="text-align: center;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</p>
    <p style="text-align: center;">[&#160;&#160;&#160;] Form 20-F&#160;&#160;&#160;&#160;&#160;[X] Form 40-F</p>
    <p style="text-align: center;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160;&#160;&#160;]</p>
    <p style="text-align: center;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160;&#160;&#160;]</p>
    <hr style="break-after: page; text-align: center;" width="100%" size="5" color="black" noshade="noshade">
    <!--$$/page=--><a name="page_2"></a>
    <p style="text-align: center;"><b><u>SUBMITTED HEREWITH</u></b></p>
    <p style="text-align: justify;"><b><u>Exhibits:</u></b></p>
    <table style="font-size: 10pt; width: 100%;" border="0" cellspacing="0" cellpadding="0">
        <tr>
            <td style="border-bottom: 1px solid #000000; width: 8%;"><b>Exhibit</b></td>
            <td style="width: 5%;">&#160;</td>
            <td style="border-bottom: 1px solid #000000;"><b>Description</b></td>
        </tr>
        <tr>
            <td>&#160;</td>
            <td>&#160;</td>
            <td>&#160;</td>
        </tr>
        <tr style="background-color: #eeeeee;">
            <td><a href="exhibit99-1.htm">99.1</a></td>
            <td>&#160;</td>
            <td><a href="exhibit99-1.htm">News Release dated June 30, 2020</a></td>
        </tr>
        <tr>
            <td><a href="exhibit99-2.htm">99.2</a></td>
            <td>&#160;</td>
            <td><a href="exhibit99-2.htm">Material Change Report dated June 30, 2020</a></td>
        </tr>
    </table>
    <br>
    <hr style="break-after: page; text-align: center;" width="100%" size="5" color="black" noshade="noshade">
    <!--$$/page=--><a name="page_3"></a>
    <p style="text-align: center;"><b>SIGNATURES </b></p>
    <p style="text-align: justify;">&#160;&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p>
    <table style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;" border="0" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="text-align: left; width: 50%;">&#160;</td>
            <td style="text-align: left;" colspan="2"><b>EMX ROYALTY CORPORATION<br></b></td>
        </tr>
        <tr>
            <td style="text-align: left; width: 50%;">&#160;</td>
            <td style="text-align: left;" colspan="2">&#160;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left; width: 50%;">&#160;</td>
            <td style="text-align: left;" colspan="2">(Registrant)</td>
        </tr>
        <tr>
            <td style="text-align: left; width: 50%;">&#160;</td>
            <td style="text-align: left;" colspan="2">&#160;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left; width: 50%;">Date: June 30, 2020</td>
            <td style="text-align: left; width: 8%;">By:</td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: left; width: 42%;">/s/ Rocio Echegaray</td>
        </tr>
        <tr>
            <td style="text-align: left; width: 50%;">&#160;</td>
            <td style="text-align: left; width: 8%;">&#160;</td>
            <td style="text-align: left; width: 42%;">&#160;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left; width: 50%;">&#160;</td>
            <td style="text-align: left; width: 8%;">Name:</td>
            <td style="text-align: left; width: 42%;">
                <p>Rocio Echegaray</p>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left; width: 50%;">&#160;</td>
            <td style="text-align: left; width: 8%;">Title:</td>
            <td style="text-align: left; width: 42%;">Corporate Secretary</td>
        </tr>
    </table>
    <br>
    <hr style="text-align: center;" width="100%" size="5" color="black" noshade="noshade">
</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>

<head>
    <title>EMX Royalty Corporation: Exhibit 99.1 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <div>&#160;</div>
    <p style="text-align: center;"><img src="exhibit99-1x001.jpg" style="width: 314px;" height="48"></p>
    <p style="text-align: center;"><u><b>NEWS RELEASE</b></u></p>
    <p style="text-align: center;"><b>EMX Royalty Announces Results of AGM and Provides Corporate Update</b></p>
    <p style="text-align: justify;"><b>Vancouver, British Columbia, June 30, 2020 (NYSE American: EMX; TSX Venture: EMX)</b> - <b>EMX Royalty Corporation (</b>the<b> "Company" </b>or<b> "EMX")</b> is pleased to report that all proposed resolutions were approved at the Company's Annual General Meeting of shareholders held on June 30, 2020 in Vancouver, British Columbia (the "<b>Meeting</b>").&#160; The number of directors was set at 5 and all director nominees, as listed in the Management Information Circular dated May 13, 2020 (the "<b>Information Circular</b>"), were elected as directors of the Company at the Meeting to serve for a one-year term and hold office until the next annual meeting of shareholders.&#160; According to the proxies received and shares voted at the Meeting, the results were as follows:</p>
    <table style="width: 90%; border-collapse: collapse; font-size: 10pt; border-color: rgb(0, 0, 0); border-style: solid; margin-left: auto; margin-right: auto; border-width: 1px;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="text-align: justify;"><u><b>Director</b></u></p>
            </td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 33%; vertical-align: top; border-right: 0.75pt solid rgb(0, 0, 0); border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 5.03pt; padding-left: 5.03pt;">
                <p style="text-align: center;"><u><b>Votes FOR</b></u></p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;"><u><b>Votes WITHHELD</b></u></p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: justify;">Brian E. Bayley</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">37,467,481 (96.57%)</p>
            </td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 33%; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">1,329,972 (3.43%)</p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: justify;">David M. Cole</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">38,656,385 (99.64%)</p>
            </td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 33%; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">141,068 (0.36%)</p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: justify;">Brian K. Levet</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">38,524,171 (99.30%)</p>
            </td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 33%; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">273,282 (0.70%)</p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: justify;">Larry M. Okada</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">38,575,567 (99.43%)</p>
            </td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 33%; vertical-align: top; border-bottom: 0.75pt solid rgb(0, 0, 0); padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">221,886 (0.57%)</p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000;">
                <p style="text-align: justify;">Michael D. Winn</p>
            </td>
            <td style="width: 33%; vertical-align: top; border-left: 0.75pt solid rgb(0, 0, 0); padding-right: 5.03pt; border-right: 0.75pt solid rgb(0, 0, 0); padding-left: 5.03pt; border-top: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">37,420,637 (96.45%)</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-top: 0.75pt solid rgb(0, 0, 0); border-left: 0.75pt solid rgb(0, 0, 0);">
                <p style="text-align: center;">1,376,816 (3.55%)</p>
            </td>
        </tr>
    </table>
    <p style="text-align: justify;">Shareholders voted 99.59% in favour of setting the number of directors at five, 99.52% in favour of appointing Davidson &amp; Company LLP, Chartered Accountants as auditors, and 95.05% in favour of approving and ratifying the Company's Stock Option Plan.</p>
    <p style="text-align: justify;"><i><b>Voting results for all resolutions noted above are reported in the Report on Voting Results as filed under the Company's SEDAR profile on June 30, 2020.</b></i></p>
    <p style="text-align: justify;"><u><b>CORPORATE UPDATE</b></u></p>
    <p style="text-align: justify;">EMX is pleased to announce the appointments of Ms. Christina Cepeliauskas, as the Company's new Chief Administrative Officer and Mr. Doug Reed, as the Company's new Chief Financial Officer; and, both appointments effective July 1<sup>st</sup>, 2020.&#160;</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><i><b>Christina Cepeliauskas,</b></i> CPA, CGA, ICD.D</p>
    <p style="margin-top: 0pt; text-align: justify;">Christina has been CFO of EMX for the last 12 years.&#160; During these last 12 years there have been challenges and many proud moments of success for EMX.&#160; Christina is excited to embark on a new position as Chief Administrative Officer which allows her to utilize her skills and passions to support the EMX team going forward.&#160; She is delighted that Mr. Doug Reed, who has been EMX's Controller for ten years to take on the role of CFO.&#160;</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><i><b>Doug Reed, CPA, CA</b></i></p>
    <p style="margin-top: 0pt; text-align: justify;">Mr. Reed brings more than 15 years of accounting experience in the mineral exploration and mining industry focusing on financial reporting, regulatory compliance, internal controls and corporate finance activities. Mr. Reed has held numerous CFO position with publicly traded and private entities. Mr. Reed has previously worked in public practice providing professional services and advice to publicly traded companies on the NYSE, TSX-V, and OTC markets on various public reporting services, such as audit requirements, qualifying transactions for reverse take-over, mergers and acquisitions, and financing transactions.&#160; Mr. Reed holds a Bachelor of Science from the University of Victoria and is a Chartered Professional Accountant, CA.</p>
    <p style="text-align: justify;"><b>About EMX. </b>EMX is a precious and base 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 the TSX Venture Exchange under the symbol EMX. Please see <font style="color: #0000ff;"><u>www.EMXroyalty.com</u> </font>for more information.</p>
    <div id="footer_page_1">
        <p style="text-align: center;"><b><i>Suite 501 - 543 Granville Street, Vancouver, British Columbia V6C 1X8, Canada<br>Tel: (604) 688-6390 Fax: (604) 688-1157<br><font style="color: rgb(0, 0, 255);"><u>www.EMXRoyalty.com</u></font></i></b></p>
    </div>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <div id="header_page_2">
        <p style="text-align: center;">2</p>
    </div>
    <p style="text-align: justify;">For further information contact:</p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 33%; vertical-align: top;">
                <p style="margin-bottom: 0pt; text-align: justify;">David M. Cole</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">President and Chief Executive Officer <br>Phone: (303) 979-6666</p>
                <p style="margin-top: 0pt; text-align: justify;"><font style="color: #0000ff;"><u>Dave@EMXroyalty.com</u></font></p>
            </td>
            <td style="width: 33%; vertical-align: top;">
                <p style="margin-bottom: 0pt; text-align: justify;">Scott Close</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Director of Investor Relations</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Phone: (303) 973-8585</p>
                <p style="margin-top: 0pt; text-align: justify;"><font style="color: #0000ff;"><u>SClose@EMXroyalty.com</u></font></p>
            </td>
            <td style="width: 33%; vertical-align: top;">
                <p style="margin-bottom: 0pt; text-align: justify;">Isabel Belger</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Investor Relations (Europe)</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Phone: +49 178 4909039</p>
                <p style="margin-top: 0pt; text-align: justify;"><font style="color: #0000ff;"><u>Ibelger@EMXroyalty.com</u></font></p>
            </td>
        </tr>
    </table>
    <p style="text-align: justify;"><i>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.</i></p>
    <p style="margin-bottom: 0pt; text-align: justify;"><i><b>Forward-Looking Statements</b></i></p>
    <p style="margin-top: 0pt; text-align: justify;"><i>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"&#160; 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.</i></p>
    <p style="text-align: justify;"><i>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.&#160; 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&amp;A for the quarter ended March 31, 2020 (the "MD&amp;A"), and the</i> <i>most recently filed Annual Information Form ("AIF") for the year ended December 31, 2019, actual events may differ materially from current expectations. More information about the Company, including the MD&amp;A, the AIF and financial statements of the Company, is available on SEDAR at </i><font style="color: #0000ff;"><u>www.sedar.com</u></font><i> and on the SEC's EDGAR website at </i><font style="color: #0000ff;"><u>www.sec.gov</u></font><i>.</i></p>
    <div>&#160;</div>
    <div id="footer_page_2">
        <p style="text-align: center;"><b><i>Suite 501 - 543 Granville Street, Vancouver, British Columbia V6C 1X8, Canada<br>Tel: (604) 688-6390 Fax: (604) 688-1157<br><font style="color: rgb(0, 0, 255);"><u>www.EMXRoyalty.com</u></font></i></b></p>
    </div>
    <hr width="100%" size="5" color="black" noshade="noshade">
</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<html>

<head>
    <title>EMX Royalty Corporation: Exhibit 99.2 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center;"><b>Form 51-102F3</b></p>
    <p style="text-align: center;"><b>MATERIAL CHANGE REPORT</b><br><b> </b></p>
    <p style="text-align: justify;"><b>Item 1</b>.<font style="display: inline-block; width: 33.81pt;">&#160;</font><b>Name &amp; Address of Company</b></p>
    <p style="margin-bottom: 0pt; text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font>EMX ROYALTY CORPORATION<b> ("EMX" </b>or<b> </b>the<b> "Company")</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font>Suite 501 - 543 Granville Street</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font>Vancouver, British Columbia</p>
    <p style="margin-top: 0pt; text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font>V6C 1X8</p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><b>Item 2</b>.<font style="text-indent: 0pt; display: inline-block; width: 33.81pt;">&#160;</font><b>Date of Material Change</b></p>
    <p style="text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font>June 30, 2020</p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><b>Item 3</b>.<font style="text-indent: 0pt; display: inline-block; width: 33.81pt;">&#160;</font><b>News Release</b></p>
    <p style="margin-left: 63.8pt; text-align: justify;">A news release dated June 30, 2020 was disseminated through the facilities of Newsfile Corp. and filed under the Company's profile on SEDAR on June 30, 2020.</p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><b>Item 4</b>.<font style="text-indent: 0pt; display: inline-block; width: 33.81pt;">&#160;</font><b>Summary of Material Change</b></p>
    <p style="margin-left: 63.8pt; text-align: justify;"><font style="background-color: #fdfdfd;">EMX announced results of the Annual General Meeting of Shareholders and the appointment of new Officers of the Company.</font></p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><b>Item 5</b>.<font style="text-indent: 0pt; display: inline-block; width: 33.81pt;">&#160;</font><b>Full Description of Material Change</b></p>
    <p style="text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font><b>Item 5.1</b><font style="width: 5.71pt; display: inline-block;">&#160;</font><b>Full Description of Material Change</b></p>
    <p style="text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font>See attached news release at Schedule "A" to this report.</p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><font style="text-indent: 0pt; display: inline-block; width: 63.8pt;">&#160;</font><b>Item 5.2</b><font style="width: 5.71pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Disclosure for Restructuring Transactions</b></p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><font style="text-indent: 0pt; display: inline-block; width: 63.8pt;">&#160;</font>Not applicable</p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><b>Item 6</b>.<font style="text-indent: 0pt; display: inline-block; width: 33.81pt;">&#160;</font><b>Reliance on subsection 7.1(2) or (3) of National Instrument 51-102 </b></p>
    <p style="text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font>Not applicable.</p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><b>Item 7</b>.<font style="text-indent: 0pt; display: inline-block; width: 33.81pt;">&#160;</font><b>Omitted Information</b></p>
    <p style="text-align: justify;"><font style="display: inline-block; width: 63.8pt;">&#160;</font>None.</p>
    <p style="text-align: justify;"><b>Item 8</b>.<font style="display: inline-block; width: 33.81pt;">&#160;</font><b>Executive Officer</b></p>
    <p style="margin-left: 63.8pt; margin-bottom: 0pt; text-align: justify;">Rocio Echegaray, Corporate Secretary</p>
    <p style="margin-top: 0pt; margin-left: 63.8pt; margin-bottom: 0pt; text-align: justify;">Phone:&#160; 604-688-6390</p>
    <p style="margin-top: 0pt; margin-left: 63.8pt; text-align: justify;">Email:&#160; <font style="color: #0000ff;"><u>rocio@EMXRoyalty.com</u></font></p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><b>Item 9</b>.<font style="text-indent: 0pt; display: inline-block; width: 33.81pt;">&#160;</font><b>Date of Report:</b></p>
    <p style="margin-left: 72pt; text-indent: -72pt; text-align: justify;"><font style="text-indent: 0pt; display: inline-block; width: 63.8pt;">&#160;</font>June 30, 2020</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="margin-bottom: 0pt; text-align: center;"><img src="exhibit99-2x001.jpg" style="width: 248px;" height="45"></p>
    <p style="text-align: center;"><font style="font-size: 18pt;"><b>Schedule "A"</b></font></p>
    <p style="text-align: center;"><u><b>NEWS RELEASE</b></u></p>
    <p style="text-align: center;"><b>EMX Royalty Announces Results of AGM and Provides Corporate Update</b></p>
    <p style="text-align: justify;"><b>Vancouver, British Columbia, June 30, 2020 (NYSE American: EMX; TSX Venture: EMX)</b> - <b>EMX Royalty Corporation (</b>the<b> "Company" </b>or<b> "EMX")</b> is pleased to report that all proposed resolutions were approved at the Company's Annual General Meeting of shareholders held on June 30, 2020 in Vancouver, British Columbia (the "<b>Meeting</b>").&#160; The number of directors was set at 5 and all director nominees, as listed in the Management Information Circular dated May 13, 2020 (the "<b>Information Circular</b>"), were elected as directors of the Company at the Meeting to serve for a one-year term and hold office until the next annual meeting of shareholders.&#160; According to the proxies received and shares voted at the Meeting, the results were as follows:</p>
    <table style="width: 90%; border-collapse: collapse; font-size: 10pt; margin-left: auto; margin-right: auto; border: 1px solid #000000;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="text-align: justify;"><u><b>Director</b></u></p>
            </td>
            <td style="border-left: 0.75pt solid #000000; width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt;">
                <p style="text-align: center;"><u><b>Votes FOR</b></u></p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="text-align: center;"><u><b>Votes WITHHELD</b></u></p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: justify;">Brian E. Bayley</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="text-align: center;">37,467,481 (96.57%)</p>
            </td>
            <td style="border-left: 0.75pt solid #000000; width: 33%; vertical-align: top; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: center;">1,329,972 (3.43%)</p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: justify;">David M. Cole</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="text-align: center;">38,656,385 (99.64%)</p>
            </td>
            <td style="border-left: 0.75pt solid #000000; width: 33%; vertical-align: top; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: center;">141,068 (0.36%)</p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: justify;">Brian K. Levet</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="text-align: center;">38,524,171 (99.30%)</p>
            </td>
            <td style="border-left: 0.75pt solid #000000; width: 33%; vertical-align: top; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: center;">273,282 (0.70%)</p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: justify;">Larry M. Okada</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="text-align: center;">38,575,567 (99.43%)</p>
            </td>
            <td style="border-left: 0.75pt solid #000000; width: 33%; vertical-align: top; border-bottom: 0.75pt solid #000000; padding-right: 5.03pt; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: center;">221,886 (0.57%)</p>
            </td>
        </tr>
        <tr>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000;">
                <p style="text-align: justify;">Michael D. Winn</p>
            </td>
            <td style="width: 33%; vertical-align: top; border-left: 0.75pt solid #000000; padding-right: 5.03pt; border-right: 0.75pt solid #000000; padding-left: 5.03pt; border-top: 0.75pt solid #000000;">
                <p style="text-align: center;">37,420,637 (96.45%)</p>
            </td>
            <td style="width: 33%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="text-align: center;">1,376,816 (3.55%)</p>
            </td>
        </tr>
    </table>
    <p style="text-align: justify;">Shareholders voted 99.59% in favour of setting the number of directors at five, 99.52% in favour of appointing Davidson &amp; Company LLP, Chartered Accountants as auditors, and 95.05% in favour of approving and ratifying the Company's Stock Option Plan.</p>
    <p style="text-align: justify;"><i><b>Voting results for all resolutions noted above are reported in the Report on Voting Results as filed under the Company's SEDAR profile on June 30, 2020.</b></i></p>
    <p style="text-align: justify;"><u><b>CORPORATE UPDATE</b></u></p>
    <p style="text-align: justify;">EMX is pleased to announce the appointments of Ms. Christina Cepeliauskas, as the Company's new Chief Administrative Officer and Mr. Doug Reed, as the Company's new Chief Financial Officer; and, both appointments effective July 1<sup>st</sup>, 2020.&#160;</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><i><b>Christina Cepeliauskas,</b></i> CPA, CGA, ICD.D</p>
    <p style="margin-top: 0pt; text-align: justify;">Christina has been CFO of EMX for the last 12 years.&#160; During these last 12 years there have been challenges and many proud moments of success for EMX.&#160; Christina is excited to embark on a new position as Chief Administrative Officer which allows her to utilize her skills and passions to support the EMX team going forward.&#160; She is delighted that Mr. Doug Reed, who has been EMX's Controller for ten years to take on the role of CFO.&#160;</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><i><b>Doug Reed, CPA, CA</b></i></p>
    <p style="margin-top: 0pt; text-align: justify;">Mr. Reed brings more than 15 years of accounting experience in the mineral exploration and mining industry focusing on financial reporting, regulatory compliance, internal controls and corporate finance activities. Mr. Reed has held numerous CFO position with publicly traded and private entities. Mr. Reed has previously worked in public practice providing professional services and advice to publicly traded companies on the NYSE, TSX-V, and OTC markets on various public reporting services, such as audit requirements, qualifying transactions for reverse take-over, mergers and acquisitions, and financing transactions.&#160; Mr. Reed holds a Bachelor of Science from the University of Victoria and is a Chartered Professional Accountant, CA.</p>
    <p style="text-align: justify;"><b>About EMX. </b>EMX is a precious and base 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 the TSX Venture Exchange under the symbol EMX. Please see <font style="color: #0000ff;"><u>www.EMXroyalty.com</u> </font>for more information.</p>
    <div id="footer_page_2">
        <p style="text-align: center;"><b><i>Suite 501 - 543 Granville Street, Vancouver, British Columbia V6C 1X8, Canada<br>Tel: (604) 688-6390 Fax: (604) 688-1157<br><font style="color: #0000ff;"><u>www.EMXRoyalty.com</u></font></i></b></p>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="text-align: justify;">For further information contact:</p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 34%; vertical-align: top;">
                <p style="margin-bottom: 0pt; text-align: justify;">David M. Cole<font style="width: 6.31pt; display: inline-block;">&#160;</font></p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">President and Chief Executive Officer <br>Phone: (303) 979-6666</p>
                <p style="margin-top: 0pt; text-align: justify;"><font style="color: #0000ff;"><u>Dave@EMXroyalty.com</u></font><font style="width: 33.37pt; display: inline-block;">&#160;</font></p>
            </td>
            <td style="width: 31%; vertical-align: top;">
                <p style="margin-bottom: 0pt; text-align: justify;">Scott Close</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Director of Investor Relations</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Phone: (303) 973-8585</p>
                <p style="margin-top: 0pt; text-align: justify;"><font style="color: #0000ff;"><u>SClose@EMXroyalty.com</u></font></p>
            </td>
            <td style="width: 28%; vertical-align: top;">
                <p style="margin-bottom: 0pt; text-align: justify;">Isabel Belger</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Investor Relations (Europe)</p>
                <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Phone: +49 178 4909039</p>
                <p style="margin-top: 0pt; text-align: justify;"><font style="color: #0000ff;"><u>Ibelger@EMXroyalty.com</u></font></p>
            </td>
        </tr>
    </table>
    <p style="text-align: justify;"><i>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.</i></p>
    <p style="margin-bottom: 0pt; text-align: justify;"><i><b>Forward-Looking Statements</b></i></p>
    <p style="margin-top: 0pt; text-align: justify;"><i>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"&#160; 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.</i></p>
    <p style="text-align: justify;"><i>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.&#160; 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&amp;A for the quarter ended March 31, 2020 (the "MD&amp;A"), and the</i> <i>most recently filed Annual Information Form ("AIF") for the year ended December 31, 2019, actual events may differ materially from current expectations. More information about the Company, including the MD&amp;A, the AIF and financial statements of the Company, is available on SEDAR at </i><font style="color: #0000ff;"><u>www.sedar.com</u></font><i> and on the SEC's EDGAR website at </i><font style="color: #0000ff;"><u>www.sec.gov</u></font><i>.</i></p>
    <div id="footer_page_3">
        <p style="text-align: center;"><b><i>Suite 501 - 543 Granville Street, Vancouver, British Columbia V6C 1X8, Canada<br>Tel: (604) 688-6390 Fax: (604) 688-1157<br><font style="color: #0000ff;"><u>www.EMXRoyalty.com</u></font></i></b></p>
    </div>
    <hr width="100%" size="5" color="black" noshade="noshade">
</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>exhibit99-1x001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 exhibit99-1x001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  0" P,# @0# P,$! 0$!0D&!04%
M!0L(" 8)#0L-#0T+# P.$!01#@\3#PP,$A@2$Q46%Q<7#A$9&QD6&A06%Q;_
MVP!# 00$! 4%!0H&!@H6#PP/%A86%A86%A86%A86%A86%A86%A86%A86%A86
M%A86%A86%A86%A86%A86%A86%A86%A;_P  1"  P 3H# 2(  A$! Q$!_\0
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HX?&L#Q!+]LCFCMV:Y*LT[R+(//(0;2H$>$ Q@\AN^#CH:**&[@?_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>exhibit99-2x001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 exhibit99-2x001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  0" P,# @0# P,$! 0$!0D&!04%
M!0L(" 8)#0L-#0T+# P.$!01#@\3#PP,$A@2$Q46%Q<7#A$9&QD6&A06%Q;_
MVP!# 00$! 4%!0H&!@H6#PP/%A86%A86%A86%A86%A86%A86%A86%A86%A86
M%A86%A86%A86%A86%A86%A86%A86%A;_P  1"  M /@# 2(  A$! Q$!_\0
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M^D>-_B/:_!O3OB=K-UX7O].N-,M]1N=+M-+N+:X6.548K',UQ('<!CA2@W$
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M..E^.99$M[,MOUVP5.+]T \L@CINZ/Z@#&"2:]RACCAA2*)%CCC4*B*,!0.
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M488[9C*#'C<=O^T &'^\*ZK4/B'8>,?A_P"*(=)T?7+::STF63%[9>7YF5(
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ADL[2TM%VVMM# -JIB*,+\JC"CCL!P/05-10 4444 ?_9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
