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EMX Royalty Corp. acquires up to 2% royalty on Peru's Chapi mine copper production for up to $10M.
EMX Royalty Corp. has signed a deal with Peruvian firm Minera Pampa de Cobre S.A.C.
(MPC) to acquire a royalty interest of up to 2% on copper production from the Chapi mine in Peru.
EMX paid $3 million for the first 1% interest and can acquire an additional 1% for $7 million by February 28, 2025.
The Chapi mine, which operated between 2006 and 2012, is set to be restarted by Quilla Resources Inc., aiming to add to Peru's copper production.
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EMX Royalty Corp. adquiere hasta un 2% de regalías sobre la producción de cobre de la mina Chapi de Perú por hasta $10 millones.