<SEC-DOCUMENT>0001062993-25-016462.txt : 20251105
<SEC-HEADER>0001062993-25-016462.hdr.sgml : 20251105
<ACCEPTANCE-DATETIME>20251104190421
ACCESSION NUMBER:		0001062993-25-016462
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20251104
FILED AS OF DATE:		20251105
DATE AS OF CHANGE:		20251104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMX Royalty Corp
		CENTRAL INDEX KEY:			0001285786
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				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:		251451187

	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 Corporation: Form 6-K - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt;">
    <hr style="text-align: center;" color="black"><a name="page_1"></a>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-size: 18pt;"><font style="font-size: 18pt;"><b>UNITED STATES <br></b></font><b><font style="font-size: 18pt;">SECURITIES AND EXCHANGE COMMISSION</font> </b></font><br><b>Washington, D.C. 20549 </b></p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><b><font style="font-size: 18pt;">FORM 6-K</font> </b></p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><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; margin-top: 10pt; margin-bottom: 10pt;">For the month of <b><u>November 2025</u></b></p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;">Commission File Number: <u><b>001-35404 </b></u></p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-size: 18pt;"><b><u>EMX ROYALTY CORPORATION</u><br></b></font>(Translation of registrant&#8217;s name into English)</p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><b>905 - 815 W. Hastings St.<br></b><b><u>Vancouver, BC, Canada V6C 1B4</u><br></b><b><u></u></b>(Address of principal executive offices)</p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;">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; margin-top: 10pt; margin-bottom: 10pt;">[&#160;&#160;&#160;] Form 20-F&#160;&#160;&#160;&#160;&#160;[X] Form 40-F</p>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="margin-top: 10pt; margin-bottom: 10pt; text-align: center;"><b><u>SUBMITTED HEREWITH</u></b></p>
    <p style="margin-top: 10pt; margin-bottom: 10pt;"><b><u>Exhibits:</u></b></p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0">
        <tr>
            <td style="border-bottom: 1px solid #000000; width: 8%; white-space: nowrap;"><b>Exhibit</b></td>
            <td style="width: 5%; white-space: nowrap;">&#160;</td>
            <td style="border-bottom: 1px solid #000000; white-space: nowrap;"><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 November 4, 2025</a></td>
        </tr>
        <tr>
            <td><a href="exhibit99-2.htm">99.2</a></td>
            <td>&#160;</td>
            <td><a href="exhibit99-2.htm">Report of Voting Results</a></td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="margin-top: 10pt; margin-bottom: 10pt; text-align: center;"><b>SIGNATURES </b></p>
    <p style="margin-top: 10pt; margin-bottom: 10pt;">&#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%;">
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td colspan="2"><b>EMX ROYALTY CORPORATION<br></b></td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 5%;">&#160;</td>
            <td style="width: 45%;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 5%;">(Registrant)</td>
            <td style="width: 45%;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 5%;">&#160;</td>
            <td style="width: 45%;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 50%;">Date: November 4, 2025</td>
            <td style="width: 5%;">By:</td>
            <td style="border-bottom: 1px solid #000000; width: 45%;">/s/ Rocio Echegaray</td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 5%;">&#160;</td>
            <td style="width: 45%;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 5%;">Name:</td>
            <td style="width: 45%;">Rocio Echegaray</td>
        </tr>
        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 5%;">Title:</td>
            <td style="width: 45%;">Corporate Secretary</td>
        </tr>
    </table>
    <br>
    <hr width="100%" size="5" color="black" noshade="noshade">
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</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>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><img src="exhibit99-1x001.jpg" style="width: 381px;" height="51"></p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-size: 12pt;"><b>NEWS RELEASE</b></font></p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><font style="color: #cc9900; font-size: 14pt;"><b>EMX Securityholders Approve Arrangement with Elemental Altus</b></font></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><b>Vancouver, British Columbia, November 4, 2025 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9) - EMX Royalty Corporation (the "Company" or "EMX")</b> is pleased to announce that shareholders of EMX ("<b>Shareholders</b>") and optionholders of EMX who have been issued stock options under EMX's existing stock option plan ("<b>Optionholders</b>", and together with Shareholders, the "<b>Securityholders</b>") have approved the plan of arrangement (the "<b>Arrangement</b>") under the provisions of Division 5 of Part 9 of the <i>Business Corporations Act </i>(British Columbia) ("<b>BCBCA</b>") involving EMX, Elemental Altus Royalties Corp. (TSX-V: ELE, OTCQX: ELEMF) ("<b>Elemental Altus</b>") and 1554829 B.C. Ltd. ("<b>Acquireco</b>"), pursuant to which Elemental Altus will, among other things, indirectly through an amalgamation of EMX with Acquireco, acquire all of the issued and outstanding common shares of EMX. The vote was passed at EMX's special meeting of Securityholders (the "<b>Meeting</b>") held earlier today.</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">The Arrangement was approved by (i) 98.83% of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting, (ii) 98.95% of the votes cast by Shareholders and Optionholders, voting together as a single class, present in person or represented by proxy and entitled to vote at the Meeting, and (iii) 98.66% of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting, excluding the votes cast by such Shareholders that were required to be excluded pursuant to Multilateral Instrument 61-101 - <i>Protection of Minority Security Holders in Special Transactions</i>. The report of voting results will be available under the Company's profile on SEDAR+ at <font style="color: #0000ff;"><u>www.sedarplus.ca</u></font> and on EDGAR at <font style="color: #0000ff;"><u>www.sec.gov</u></font>.</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">With the approval by the Securityholders, EMX will now seek a final order from the Supreme Court of British Columbia ("<b>Court</b>") to approve the Arrangement at a hearing expected to be held on November 7, 2025. In addition to approval of the Court, completion of the Arrangement is subject to the Elemental Altus shareholders approving the Tether Concurrent Financing (received, as described below), applicable regulatory and exchange approval, and the satisfaction of certain other closing conditions customary for a transaction of this nature. Further, the completion of the Arrangement is subject to the conditional approval of the listing of the Elemental Altus Shares on a US stock exchange and the completion of the Tether Concurrent Financing. If all conditions are satisfied or waived, the Arrangement is expected to close by mid-November 2025.</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">As announced in Elemental Altus' news release dated November 4, 2025, shareholders of Elemental Altus approved, among other things, an ordinary resolution in accordance with the 'majority of the minority' shareholder approval requirements set forth in Part 8 of Multilateral Instrument 61-101 - <i>Protection of Minority Security Holders in Special Transactions</i> and TSX Venture Exchange ("<b>TSX-V"</b>) Policy 5.9, approving a "related party" private placement of 7,502,502 common shares of Elemental Altus at a price of $18.38 (or US$13.33) per common share to Tether Investments S.A. de C.V. ("<b>Tether</b>") for aggregate gross proceeds of approximately $137,896,000 (or approximately US$100 million) (the "<b>Tether Concurrent Financing</b>"). Completion of the Tether Concurrent Financing is subject to final approval of the TSX-V.</p>
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                <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%; vertical-align: middle;"><font style="color: #002060;"><b>TSX.V: EMX.V / NYSE: EMX</b></font></td>
                <td style="width: 48%; padding-right: 6pt; vertical-align: middle; text-align: right;"><font style="color: #bc9a5e;"><b>EMX ROYALTY CORPORATION</b></font></td>
                <td style="width: 1%; padding: 3pt 8pt 6pt; vertical-align: middle; background-color: #002060; text-align: center;"><font style="color: #ffffff;"><b>1</b></font></td>
            </tr>
        </table>
    </div>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><b>On Behalf of EMX</b></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><b>David Cole</b></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">CEO</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">For further information, contact:</p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; white-space: nowrap;">David M. Cole<br>President and CEO<br>Phone: (303) 973-8585<br>Dave@EMXroyalty.com</td>
            <td style="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; white-space: nowrap;">Stefan Wenger<br>Chief Financial Officer<br>Phone: (303) 973-8585<br>SWenger@EMXroyalty.com</td>
            <td style="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; white-space: nowrap;">Isabel Belger<br>Investor Relations<br>Phone: +49 178 4909039<br>IBelger@EMXroyalty.com</td>
        </tr>
    </table>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><b>About EMX</b></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">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 EMX shares are listed on the NYSE American Exchange and TSX-V under the symbol "EMX". Please see <font style="color: #467886;"><u>www.EMXroyalty.com</u></font> for more information.</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><i><b>Cautionary Note Regarding Forward-Looking Information</b></i></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><i>This press release may contain "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, (collectively, "<b>forward-looking statements</b>") that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding EMX and the combined company's plans and expectations with respect to the proposed Arrangement, the hearing and receipt of a final order from the Court to approve the Arrangement, expectations regarding the satisfaction or waiver of certain closing conditions, including the receipt of conditional approval of the listing of Elemental Altus Shares on a US stock exchange and completion of the Tether Concurrent Financing, the expected closing date of the Arrangement, and receipt of final approval of the TSX-V for the Tether Concurrent Financing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "expects," "anticipates," "believes," "plans," "projects," "targets," "schedules," "forecasts," "budget," "estimates," "assumes," "intends," "strategy," "goals," "objectives," "potential," "possible" or variations thereof or stating that certain actions, events, conditions or results "may," "could," "would," "should," "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. </i></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><i>Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the risk that any other condition to closing may not be satisfied or waived; the risk that the closing of the Arrangement might be delayed or not occur at all; the risk that the Court does not issue a final order approving the Arrangement; the risk that either EMX or Elemental Altus may terminate the definitive arrangement agreement and either EMX or Elemental Altus is required to pay a termination fee to the other party; potential adverse reactions or changes to business or employee relationships of EMX or Elemental Altus, including those resulting from the completion of the Arrangement; the diversion of management time on Arrangement-related issues; the risk of tax consequences for Securityholders and Elemental Altus securityholders if the Arrangement does not qualify as a tax-deferred reorganization; the ultimate timing, outcome and results of integrating the operations of EMX and Elemental Altus; the effects of the business combination of EMX and Elemental Altus, including the combined company's future</i></p>
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                <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%; vertical-align: middle;"><font style="color: #002060;"><b>TSX.V: EMX.V / NYSE: EMX</b></font></td>
                <td style="width: 48%; padding-right: 6pt; vertical-align: middle; text-align: right;"><font style="color: #bc9a5e;"><b>EMX ROYALTY CORPORATION</b></font></td>
                <td style="width: 1%; padding: 3pt 8pt 6pt; vertical-align: middle; background-color: #002060; text-align: center;"><font style="color: #ffffff;"><b>2</b></font></td>
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    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><i> financial condition, results, operations, strategy and plans; the ability of the combined company to realize anticipated synergies in the timeframe expected or at all; changes in capital markets and the ability of the combined company to finance its activities in the manner expected; the inability to satisfy the listing requirements to be listed on a U.S. stock exchange; the possibility that EMX or Elemental Altus fail to comply with applicable laws prior to the Arrangement which could subject the combined company to penalties; the risk that EMX or Elemental Altus may not receive the required Court, stock exchange and regulatory approvals to effect the Arrangement; the risk of any litigation relating to the Arrangement; the fact that business disruption may be greater than expected following the public announcement or consummation of the Arrangement; the risk that the combined company does not result in a larger, well capitalized entity with a lower cost of capital which could prevent the combined company from pursuing further accretive royalty opportunities in the market; the absence of control over mining operations from which the Company will receive royalties or stream interests from; and risks related to those mining operations and royalty and stream interests, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold and other commodities, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the EMX risk factors listed in EMX's Management's Discussion and Analysis for the six months ended June 30, 2025 and its Annual Information Form dated March 12, 2025 filed under EMX's profile on SEDAR+ at </i><font style="color: #467886;"><u><i>www.sedarplus.ca</i></u></font><i> and on EDGAR at </i><font style="color: #467886;"><u><i>www.sec.gov</i></u></font><i>. </i></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><i>EMX's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the Company in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.</i></p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><i>Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V.) accepts responsibility for the adequacy or accuracy of this press release.</i></p>
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                <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%; vertical-align: middle;"><font style="color: #002060;"><b>TSX.V: EMX.V / NYSE: EMX</b></font></td>
                <td style="width: 48%; padding-right: 6pt; vertical-align: middle; text-align: right;"><font style="color: #bc9a5e;"><b>EMX ROYALTY CORPORATION</b></font></td>
                <td style="width: 1%; padding: 3pt 8pt 6pt; vertical-align: middle; background-color: #002060; text-align: center;"><font style="color: #ffffff;"><b>3</b></font></td>
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<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>
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<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; margin-top: 10pt; margin-bottom: 10pt;"><img src="exhibit99-2x001.jpg" style="width: 309px;" height="46"></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">November 4, 2025</p>
    <p style="margin-bottom: 0pt; text-align: justify; margin-top: 10pt;">British Columbia Securities Commission</p>
    <p style="margin-top: 0pt; text-align: justify; margin-bottom: 10pt;">Alberta Securities Commission</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">Dear Sirs/Mesdames:</p>
    <p style="margin-bottom: 0pt; text-align: justify; margin-top: 10pt;"><b>Re:</b><font style="width: 21.23pt; display: inline-block;">&#160;</font><b>EMX Royalty Corporation (the "Company")</b></p>
    <p style="margin-top: 0pt; margin-left: 36pt; text-align: justify; margin-bottom: 10pt;"><b>Report of Voting Results pursuant to Section 11.3 of National Instrument 51-102 - </b><i><b>Continuous Disclosure Obligations </b></i><b>("NI 51-102")</b></p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">Following the special meeting of securityholders of the Company held on November 4, 2025 (the "<b>Meeting</b>"), and in accordance with Section 11.3 of NI 51-102, the Company advises of the following voting results obtained at the Meeting:</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">The securityholders of the Company present in person or represented by proxy at the Meeting passed a special resolution (the "<b>Arrangement Resolution</b>") to approve a plan of arrangement under the provisions of Division 5 of Part 9 of the <i>Business Corporations Act (British Columbia) </i>involving the Company, Elemental Altus Royalties Corp. and 1554829 B.C. Ltd. pursuant to an arrangement agreement dated September 4, 2025, among the parties.</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">The shareholders of the Company present in person or represented by proxy and entitled to vote at the Meeting voted by way of ballot on the Arrangement Resolution as follows:</p>
    <table style="border-collapse: collapse; border: 0.75pt solid rgb(0, 0, 0); font-size: 10pt; width: 80%;" cellspacing="0" cellpadding="0">
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            <td style="width: 25%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-right: 0.75pt solid rgb(0, 0, 0); border-bottom: 0.75pt solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"><b># Votes For</b></td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 25%; 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; text-align: center; white-space: nowrap;"><b>% Votes For</b></td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 25%; 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; text-align: center; white-space: nowrap;"><b># Votes Against</b></td>
            <td style="width: 25%; 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); text-align: center; white-space: nowrap;"><b>% Votes Against</b></td>
        </tr>
        <tr>
            <td style="width: 25%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0); text-align: center;">50,331,956</td>
            <td style="width: 25%; 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); text-align: center;">98.83%</td>
            <td style="width: 25%; 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); text-align: center;">595,991</td>
            <td style="width: 25%; 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); text-align: center;">1.17%</td>
        </tr>
    </table>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">The shareholders and optionholders of the Company, voting together as a single class, present in person or represented by proxy and entitled to vote at the Meeting voted on the Arrangement Resolution as follows:</p>
    <table style="border-collapse: collapse; border: 0.75pt solid rgb(0, 0, 0); font-size: 10pt; width: 80%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 25%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-right: 0.75pt solid rgb(0, 0, 0); border-bottom: 0.75pt solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"><b># Votes For</b></td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 25%; 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; text-align: center; white-space: nowrap;"><b>% Votes For</b></td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 25%; 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; text-align: center; white-space: nowrap;"><b># Votes Against</b></td>
            <td style="width: 25%; 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); text-align: center; white-space: nowrap;"><b>% Votes Against</b></td>
        </tr>
        <tr>
            <td style="width: 25%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0); text-align: center;">56,325,456</td>
            <td style="width: 25%; 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); text-align: center;">98.95%</td>
            <td style="width: 25%; 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); text-align: center;">595,991</td>
            <td style="width: 25%; 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); text-align: center;">1.05%</td>
        </tr>
    </table>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">The shareholders of the Company present in person or represented by proxy and entitled to vote at the Meeting, excluding votes cast by such shareholders that were required to be excluded pursuant to Multilateral Instrument 61-101 - <i>Protection of Minority Security Holders in Special Transactions</i>, voted on the Arrangement Resolution as follows:</p>
    <table style="border-collapse: collapse; border: 0.75pt solid rgb(0, 0, 0); font-size: 10pt; width: 80%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 25%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-right: 0.75pt solid rgb(0, 0, 0); border-bottom: 0.75pt solid rgb(0, 0, 0); text-align: center; white-space: nowrap;"><b># Votes For</b></td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 25%; 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; text-align: center; white-space: nowrap;"><b>% Votes For</b></td>
            <td style="border-left: 0.75pt solid rgb(0, 0, 0); width: 25%; 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; text-align: center; white-space: nowrap;"><b># Votes Against</b></td>
            <td style="width: 25%; 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); text-align: center; white-space: nowrap;"><b>% Votes Against</b></td>
        </tr>
        <tr>
            <td style="width: 25%; padding-right: 5.03pt; padding-left: 5.03pt; vertical-align: top; border-top: 0.75pt solid rgb(0, 0, 0); border-right: 0.75pt solid rgb(0, 0, 0); text-align: center;">43,852,930</td>
            <td style="width: 25%; 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); text-align: center;">98.66%</td>
            <td style="width: 25%; 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); text-align: center;">595,991</td>
            <td style="width: 25%; 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); text-align: center;">1.34%</td>
        </tr>
    </table>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">Yours sincerely,</p>
    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><b>EMX Royalty Corporation</b></p>
    <p style="margin-bottom: 0pt; text-align: justify; margin-top: 10pt;"><i>By:</i><font style="width: 22.15pt; display: inline-block;">&#160;</font><i> /s/ Michael Winn</i></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 36pt; text-align: justify;">Michael Winn</p>
    <p style="margin-top: 0pt; text-indent: 36pt; text-align: justify; margin-bottom: 10pt;">Executive Chairman and Director</p>
    <hr width="100%" size="5" color="black" noshade="noshade">
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
