EMX.Emx Royalty CORP

SCHEDULE 13G/A: Extract Advisors and Affiliates Report 8.0% Passive Stake in EMX Royalty Corporation

Sentiment:

Beneficial Ownership Report

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Extract Advisors LLC, Extract Capital Master Fund Ltd., and Darin Milmeister have jointly reported a passive 8.0% beneficial ownership stake in EMX Royalty Corporation, totaling 8,837,071 common shares as of December 31, 2024.

Summary

  • Extract Advisors LLC, Extract Capital Master Fund Ltd., and Darin Milmeister (collectively, the "Reporting Persons") have filed an Amendment No. 2 to Schedule 13G, reporting their beneficial ownership in EMX Royalty Corporation.
  • As of December 31, 2024, the Reporting Persons collectively beneficially own 8,837,071 common shares of EMX Royalty Corporation.
  • This ownership represents 8.0% of the Issuer's common shares outstanding.
  • The percentage is calculated based on 110,875,339 common shares outstanding as of November 6, 2024, as reported in EMX Royalty Corporation's Form 6-K filed on November 7, 2024.
  • Extract Capital Master Fund Ltd. holds the shares, which are managed by Extract Advisors LLC, and Darin Milmeister serves as the managing member of Extract Advisors LLC.
  • The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, indicating a passive investment.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant passive ownership stake, which can be viewed as a neutral to slightly positive signal of investor confidence, as it indicates a substantial, non-activist investment.

Positives

  • The disclosure of a significant, passive ownership stake by an investment advisor and fund can signal investor confidence in EMX Royalty Corporation.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding EMX Royalty Corporation's future performance or the Reporting Persons' future investment intentions beyond their passive stance.

Industry Context

EMX Royalty Corporation operates in the royalty and streaming sector, typically involving investments in mineral properties. This filing pertains to a significant ownership stake in such a company, common for investment funds specializing in the natural resources or royalty space.

Stakeholder Impact

  • Shareholders: The disclosure provides transparency regarding a significant passive investor's stake in the company, offering insight into the ownership structure.

Key Dates

DateDescription
11/06/2024Date as of which EMX Royalty Corporation reported 110,875,339 common shares outstanding in its Form 6-K.
11/07/2024Date EMX Royalty Corporation filed its Form 6-K reporting shares outstanding.
12/31/2024Date of event which requires filing of this statement (beneficial ownership reporting date).
02/14/2025Date of signing and filing of the Schedule 13G Amendment No. 2.

Keywords

EMX Royalty Corporation, Extract Advisors LLC, Extract Capital Master Fund Ltd., Darin Milmeister, Schedule 13G, beneficial ownership, common shares, passive investment, SEC filing, royalty company

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