Excellon Announces Brokered Private Placement of Common Shares for Gross Proceeds of up to C$8 MillionAugust 26, 2025 7:56 AM EDT | Source: Excellon Resources Inc.Toronto, Ontario--(Newsfile Corp. - August 26, 2025) - Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud") pursuant to which Red Cloud and Velocity Trade Capital Ltd. will act as co-lea ...

Core Viewpoint - EMX Royalty Corporation has executed an exploration royalty agreement with Galileo Resources for the Ferber polymetallic project in Nevada, allowing EMX to earn up to a 1% net smelter returns royalty through exploration and management services [2][6]. Project Overview - The Ferber Project is a copper-gold system located in eastern Nevada, with historical production of copper, lead, silver, and gold dating back to the late 1800s [3]. - Historical drilling in the 1980s-1990s showed encouraging results for gold and copper, which are favorable given current metal prices [3]. Geological Potential - Mineralization at Ferber is centered around an Eocene-age composite intrusive center, indicating potential for a porphyry copper-gold system and associated mineralization [4]. - The geological setting and hydrothermal alteration at Ferber have analogues to other significant porphyry systems in the Great Basin [4]. Agreement Details - The agreement allows EMX to earn a 1% NSR royalty through two milestones: a 0.33% NSR for target generation and an additional 0.67% NSR for managing the first phase of exploration drilling [6]. - EMX will receive a 7.5% management fee for the reconnaissance drilling program, with all exploration work funded by Galileo [6]. Future Plans - EMX plans to commence work on the Target Generation program imminently, indicating a proactive approach to advancing the Ferber Project [5]. - Should Galileo wish to extend the exploration program, further assistance from EMX would require a new agreement [7]. Business Model - This transaction exemplifies EMX's royalty generation business model, leveraging geological expertise to add value to partner-funded exploration programs in exchange for royalty interests [8].

Core Insights - EMX Royalty Corporation reported significant growth in adjusted royalty revenue and adjusted EBITDA for Q1 2025, with adjusted royalty revenue reaching $10.8 million, a 40% increase year-over-year, and adjusted EBITDA at $7.1 million, up 120% compared to the same quarter in 2024 [6][15][3] Financial Performance - Total revenue and other income for Q1 2025 was $8.4 million, compared to $6.24 million in Q1 2024, marking a 35% increase [4][15] - General and administrative costs were $2.17 million, slightly up from $2.15 million in the previous year [4] - Net income for the quarter was $1.26 million, a turnaround from a net loss of $2.23 million in Q1 2024 [4] - Cash flows from operating activities increased to $1.29 million from $1.03 million year-over-year [4][33] Key Strategic Developments - The company completed the acquisition of an additional royalty interest in the Chapi Mine, enhancing its portfolio [3][9] - EMX has maintained its 2025 guidance, projecting GEOs sales of 10,000 to 12,000 and adjusted royalty revenue between $26 million and $32 million [7] - The company repurchased and canceled 1,479,792 shares during the quarter, completing its original Normal Course Issuer Bid program [11] Capital Management - EMX's cash and cash equivalents as of March 31, 2025, were $19.2 million, with a working capital surplus of $36.1 million, indicating strong financial flexibility [6] - The company has established capital allocation goals for 2025, focusing on portfolio growth through its producing assets at Caserones and Timok [8] - A $10 million acquisition of a royalty on the Chapi Copper Mine is expected to contribute to revenue starting in 2026 [9] Production and Revenue Sources - The company sold a total of 3,756 GEOs in Q1 2025, compared to 3,696 GEOs in Q1 2024 [16][36] - Key revenue sources included Gediktepe ($4.3 million), Caserones ($3.0 million), and Timok ($1.6 million) [16][15] Future Outlook - EMX is well-positioned to identify new royalty and investment opportunities while continuing to grow its pipeline of royalty generation properties [14] - The company anticipates continued revenue growth from its producing royalty assets and other property income [14]