EMX Royalty Corp Forms Alliance with Avesoro to Boost Exploration in Morocco
- EMX Royalty Corp has formed a strategic alliance with Avesoro to enhance mineral exploration in Morocco.
- Avesoro will fully fund exploration across EMX's 18 projects, targeting gold production in key mineral belts.
- The partnership aims to reduce costs and maximize EMX’s royalty portfolio while minimizing operational involvement.
EMX Royalty Corp Enhances Exploration Potential in Morocco through Strategic Alliance with Avesoro
EMX Royalty Corporation has solidified its commitment to expanding its presence in Morocco's mineral exploration sector by entering into a strategic exploration alliance with Avesoro Morocco LTD, a subsidiary of Avesoro Holdings LTD. This agreement, which took effect on March 19, 2025, is designed to capitalize on the unexplored potential in the region, specifically targeting gold production in West Africa. The partnership allows Avesoro to fully fund exploration activities across EMX's Moroccan portfolio, which encompasses 18 projects and spans 860 square kilometers in key mineral belts, including the underexplored Moroccan Sahara and the mineral-rich Anti-Atlas belt.
Under the terms of the alliance, Avesoro will acquire EMX Corp Morocco, the operational entity responsible for managing these exploration projects. Initially, nine projects are designated as Alliance Exploration Projects (AEPs), with the potential for further development into Designated Projects (DPs), which will receive independent funding from Avesoro as they progress. The initial duration of the alliance is set for two years, with the option for extension based on the project outcomes. This strategic collaboration not only aims to enhance EMX's royalty exposure but also significantly reduces operational costs, thereby providing a more efficient pathway for resource development.
EMX Royalty Corp recognizes Morocco as a promising jurisdiction for mineral exploration, thanks to its stable regulatory environment and considerable geological potential. Since establishing its presence in the country in 2021, EMX has identified numerous opportunities that align with its growth strategy. The partnership with Avesoro is anticipated to leverage their operational expertise and experience in the region, further advancing the exploration of valuable mineral resources. This strategic move reinforces EMX's position in the market and enhances its ability to capitalize on Morocco's rich mineral resources.
In addition to the exploration alliance, EMX remains committed to its overall strategy of maximizing its royalty portfolio while minimizing direct operational involvement. The current collaboration with Avesoro exemplifies EMX's innovative approach to resource development, focusing on partnerships that reduce financial risks while unlocking the value of its mineral assets.
As the exploration activities progress under this new alliance, EMX Royalty Corp is poised to potentially transform its project portfolio, contributing to the broader growth of the mineral exploration sector in Morocco. The partnership signifies a notable step forward in harnessing the region's untapped resources and enhancing the company's strategic objectives.