EMX Royalty Corp Partners with Avesoro for Enhanced Gold Exploration in Morocco
- EMX Royalty Corp has formed a strategic alliance with Avesoro Morocco LTD to enhance gold exploration in Morocco.
- Avesoro will lead funding for exploration across EMX's 18 Moroccan projects, minimizing EMX's operational costs.
- The alliance is set for two years, allowing EMX to retain projects not advancing to designated status.
EMX Royalty Corp Expands Exploration Efforts Through Strategic Alliance in Morocco
EMX Royalty Corporation has recently solidified its commitment to enhancing gold exploration in Morocco by entering into a significant exploration alliance with Avesoro Morocco LTD, a subsidiary of Avesoro Holdings LTD. This partnership, effective March 19, 2025, allows Avesoro to take the lead on funding exploration activities across EMX's extensive Moroccan portfolio, which comprises 18 projects spanning 860 square kilometers. These projects are strategically situated in some of Morocco's most promising mineral belts, including the largely unexplored Moroccan Sahara and the resource-rich Anti-Atlas region. As a result, this collaboration not only positions EMX to capitalize on Morocco's geological potential but also minimizes its operational expenditures.
Under the terms of the agreement, Avesoro will acquire EMX Corp Morocco, the entity responsible for managing these exploration projects. The alliance designates nine of these projects as Alliance Exploration Projects (AEPs), with the prospect of transitioning to Designated Projects (DPs) as they advance. This structured approach enhances project management efficiency while allowing Avesoro to leverage its operational expertise to drive exploration success. The initial term of the alliance is set for two years, with opportunities for extension based on project outcomes. Importantly, any AEPs that do not progress to DPs by the end of this term will revert to EMX, ensuring that the company retains a stake in its original portfolio.
EMX has maintained a presence in Morocco since 2021, recognizing the country as a favorable environment for mineral exploration, given its stable regulatory framework and rich geological potential. The collaboration with Avesoro is anticipated to accelerate exploration efforts and improve the viability of these projects. This strategic alliance not only enhances EMX's royalty exposure but also underscores its commitment to fostering partnerships that can unlock the value of its resource portfolio in promising regions.
In addition to this alliance, EMX continues to focus on building its presence in other key mining jurisdictions. The company remains committed to identifying and developing opportunities that align with its strategic vision, ensuring sustained growth in the competitive landscape of mineral exploration. With Avesoro's robust operational capabilities and EMX's comprehensive project portfolio, this partnership is poised to create significant value for both parties involved.