03:23 PM EST, 11/12/2025 (MT Newswires) -- EMX Royalty ( EMX ) on Wednesday said it bought a 1.25% NSR royalty over the Puquios development stage copper project in north central Chile, in a transaction that involves Camino Minerals ( CAMZF ) , which has hit fresh 52 week highs today.

EMX noted the Puquios project is owned by Cuprum Resources Chile SpA, an operating company jointly owned by Camino Minerals ( CAMZF ) and Nittetsu Mining Co., Ltd of Japan. It bought the royalty from Santiago Metals Upper Holdco LLC, a company owned by a fund advised by Denham Capital Management LP, which owned and operated the project prior to its sale to Camino and Nittetsu.

On commercial terms, EMX paid Denham US$6 million in exchange for the royalty, with another US$2 million payment due upon the start of construction of Puquios. The company said it subscribed to a concurrent financing, where Camino is arranging a non-brokered private placement to raise C$5.5 million for the advancement of Puquios through "project financing and a final investment decision."

For its part, Camino announced a C$5.6 million investment with strategic investors and EMX has subscribed to C$2.5 million of the financing for about 6.94-million shares at C$0.36 per share.

Shares of EMX were last seen down near 0.5% on the TSX Venture Exchange.

Price: 5.79, Change: -0.01, Percent Change: -0.17