11:46 AM EDT, 06/02/2025 (MT Newswires) -- EMX Royalty ( EMX ) shares were advancing 4% in US trade Monday, after the Canadian miner said it was selling its Nordic operational platform to First Nordic Metals for 3.25 million Swedish kronor ($335,000), payable over two years in equal parts cash and First Nordic shares.

First Nordic will also provide EMX with a 1% net smelter return royalty on any newly generated projects in Sweden and Finland over the next five years, EMX said.

EMX said the sale of its Nordic operations is part of its broader efforts to streamline global operations and lower administrative costs while continuing to build its royalty exposure in partner-funded exploration projects.

The transaction includes EMX's infrastructure in northern Sweden, exploration equipment, and Nordic technical team, First Nordic said in a separate statement.

Price: 2.45, Change: +0.09, Percent Change: +4.04