UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2015
Commission File Number: 001-35404
EURASIAN MINERALS INC.
(Translation of registrants name into English)
Suite 501 543 Granville Street
Vancouver,
British Columbia V6C 1X8
Canada
(Address of principal
executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
[ ] Form 20-F [X]
Form 40-F
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
Exhibits:
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
|
EURASIAN MINERALS INC. |
|
|
|
(Registrant) |
|
|
Date: February 25, 2015 |
By: |
/s/ Valerie Barlow |
|
|
|
|
Name: |
Valerie Barlow |
|
Title: |
Corporate Secretary |
|
Eurasian Minerals Inc. |
|
|
|
NEWS RELEASE |
|
|
|
Eurasian Minerals Provides Corporate
Update |
|
Vancouver, British Columbia, February 25, 2015 (TSX Venture:
EMX; NYSE MKT: EMXX) Eurasian Minerals Inc. (the
Company or EMX) is pleased to provide an update on
the Companys recent corporate developments. EMXs diversified portfolio spans
five continents and totals more than 1.7 million acres of mineral property
exposure. Eurasian's mineral property assets provide revenue from royalty and
other payments, exposure to exploration success from partnered funded projects,
and upside from timely strategic investments in unrecognized or under-valued
exploration opportunities. The Company is taking proactive steps to maximize
revenue, minimize expenditures, and identify new early-stage opportunities to
further build portfolio value.
Royalty and Portfolio Update. The Company's mineral
property interests include the Leeville royalty in Nevadas Northern Carlin
Trend, a royalty on Reservoir Minerals Inc.'s discovery at Cukaru Peki in
Serbia, ongoing programs in Turkey, the western U.S., Scandinavia, Australia-New
Zealand and Haiti, and a strategic investment in IG Copper LLC.
-
A principal EMX asset is the Leeville 1% gross smelter return royalty that
covers portions of Newmont Mining Corporations Northern Carlin Trend
underground mining operations. Newmont's Turf No. 3 Vent Shaft Project,
totaling approximately $400 million in estimated capital expenditures, is on
schedule for completion in late 2015 (see Newmont's 10-Q and 10-K filings for
2014). Newmont has stated that the project will provide the ventilation
required to "increase production", "decrease mine costs", "unlock" additional
resources, and impact "greater Leeville", which includes portions of EMX's
royalty position.
-
EMX has a 0.5% NSR royalty covering Reservoir's share of minerals and
metals mined from the Brestovac property that hosts the Cukaru Peki
copper-gold discovery (see EMX news release dated February 4, 2014). Reservoir
announced an NI 43-101 inferred resource estimate for Cukaru Pekis High
Sulphidation Epithermal (HSE) zone above a 1% copper equivalent (CuEq% =
Cu% + (Au g/t x 0.6)) cut-off as 65.3 million tonnes averaging 2.6%
copper and 1.5 g/t gold, or 3.5% copper equivalent, containing 3.8 billion
pounds copper and 3.1 million ounces gold, or 5.1 billion pounds copper
equivalent (see Reservoir news release dated January 27, 2014). Reservoir
(45%) and Timok joint venture partner Freeport-McMoRan Exploration Corp. (55%)
have continued to aggressively advance the property.
-
The properties in Turkey have all been partnered, with three royalty
properties, four properties optioned for a retained royalty interest, and one
property in joint venture. At the Balya lead-zinc-silver royalty property,
where EMX holds an uncapped 4% NSR royalty interest, owner and operator
Dedeman Madencilik San ve Tic. A.S. advised that it has re-initiated shaft
sinking and underground development work in January 2015.
-
EMX continues to advance the western U.S. portfolio through its
wholly-owned subsidiary Bronco Creek Exploration ("BCE"). Currently, BCE has
six partner-funded copper and gold projects in Arizona and Nevada, with
interest from potential partners in other priority projects, such as Copper
Basin and Superior West.
-
Eurasian is acquiring new properties at minimal cost in Norway, while
streamlining its portfolio of Iron- Oxide-Copper-Gold (IOCG), Volcanogenic
Massive Sulfide (VMS), Platinum Group Metals (PGM), and other mineral
properties in Sweden. The Company has significantly reduced expenditures in
Scandinavia, and is examining ways to continue adding value while pursuing
strategic partnerships.
Suite 501 543
Granville Street, Vancouver, British Columbia V6C 1X8, Canada
|
Tel: (604) 688-6390 Fax: (604) 688-1157
|
www.EurasianMinerals.com
|
-
The two key assets in Australia and New Zealand, Koonenberry and
Neavesville respectively, are being advanced by partners, with EMX retaining
royalty interests. The Company's presence in the region has a low burn rate,
and continues to identify new early-stage opportunities.
-
The portfolio in Haiti is composed of six Designated Projects funded by
Newmont and EMX's 100% controlled Grand Bois property. These projects have
been on care and maintenance status since the Haitian government started
working with the World Bank in 2013 to revise the country's mining law to be
more consistent with current international standards. EMX remains committed to
playing a key role in the development of Haiti's mining sector, and the
contribution it can make to the country's economic growth.
-
EMX is a strategic investor in IG Copper LLC (IGC), a privately held
company that is in a joint venture with Freeport on the Malmyzh copper-gold
porphyry discovery in Far East Russia (51% IGC, 49% Freeport). IGC has
completed drafts of project reports in preparation for initial reviews by the
relevant Russian Federation agencies.
Please see the attached map and www.eurasianminerals.com
for more information.
Management and Advisory Board Update. EMXs team of
exploration and mining professionals is at the core of the Companys prospects
for success. Dr. M. Stephen Enders has been a key member of the executive team
since 2009 when he joined the Company's Board of Directors, becoming the
Chairman in 2010. Subsequently, he took on the responsibilities of Chief
Operating Officer ("COO"), and in that role he made significant and broad
ranging contributions to EMX with a seasoned combination of management wisdom
and technical expertise. As Eurasian rebalances its business, Dr. Enders has
elected to continue contributing to the Company on the Advisory Board and in a
consulting capacity, and to resign from his Board of Directors and COO
positions. Eurasian is thankful for his many contributions to the Company, which
were always distinguished with a mark of excellence and professionalism, and is
enthusiastic to work with Dr. Enders in his new roles.
Also joining the Advisory Board is Mr. Paul H. Stephens, a
leading figure in U.S. west coast asset management and investment banking for
over forty years. Mr. Stephens has been a strong supporter of EMX with a total
of 14.37% of the Company's currently issued and outstanding shares (on a
non-diluted basis) through direct ownership of 7,613,647 shares and 2,934,220
shares held by Stephens Investment Management. He is Partner and Chairman of
Stephens Investment Management, and was co-founder and Managing Director of RS
Investments, a San Francisco-based mutual fund group. He is a past Chairman and
board member of the Haas Business School Advisory Board at the University of
California at Berkeley, and in 2002 was named a Berkeley Fellow. The Company is
pleased to have such an accomplished business professional as Mr. Stephens
serving as a member of its Advisory Board.
The addition of Dr. Enders and Mr. Stephens further strengthens
EMX's Advisory Board, which also includes Rael Lipson, and the University of
Arizona's Mark Barton and Eric Seedorff. Dr. Lipson was Gold Fields Exploration,
Inc.'s Chief Geologist for 36 years. Dr. Barton is the Associate Director of the
Lowell Institute for Mineral Resources at the U of A, and Dr. Seedorff holds the
Lowell Chair in Economic Geology. The Company is delighted to have these
distinguished individuals on its Advisory Board, and looks forward to their
support as the Company continues to advance its worldwide royalty and mineral
property portfolio.
About EMX. Eurasian Minerals leverages asset ownership
and exploration insight into partnerships that advance our mineral properties,
with EMX retaining royalty interests. EMX complements its generative business
with strategic investment and third party royalty acquisition.
Mr. Dean D. Turner, CPG, a Qualified Person as defined by
National Instrument 43-101 and consultant to the Company, has reviewed, verified
and approved the disclosure of the technical information contained in this news
release.
Suite 501 543
Granville Street, Vancouver, British Columbia V6C 1X8, Canada
|
Tel: (604) 688-6390 Fax: (604) 688-1157
|
www.EurasianMinerals.com
|
-30-
For further information contact: |
|
|
|
David M. Cole |
Scott Close |
President and Chief Executive Officer |
Director of Investor Relations |
Phone: (303) 979-6666 |
Phone: (303) 973-8585 |
Email: Dave@EurasianMinerals.com |
Email: SClose@EurasianMinerals.com
|
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release may contain forward looking statements
that reflect the Companys current expectations and projections about its future
results. When used in this news release, words such as estimate, intend,
expect, anticipate, will and similar expressions are intended to identify
forward-looking statements, which, by their very nature, are not
guarantees of the Companys future operational or financial performance, and are
subject to risks and uncertainties and other factors that could
cause Eurasians actual results, performance, prospects or opportunities
to differ materially from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and factors may include,
but are not limited to: unavailability of financing, failure to identify
commercially viable mineral reserves, fluctuations in the market valuation for
commodities, difficulties in obtaining required approvals for the development of
a mineral project, increased regulatory compliance costs, expectations of
project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this news release
or as of the date otherwise specifically indicated herein. Due to risks and
uncertainties, including the risks and uncertainties identified in this news
release, and other risk factors and forward-looking statements listed in
the Companys MD&A for the nine-month period ended September 30, 2014
(the MD&A) and most recently filed Annual Information Form for the
year ended December 31, 2013 (the AIF), actual events may differ
materially from current expectations. More information about the Company,
including the MD&A, the AIF and financial statements of the Company, is
available on SEDAR at www.sedar.com and on the SECs
EDGAR website at www.sec.gov.
Suite 501 543
Granville Street, Vancouver, British Columbia V6C 1X8, Canada
|
Tel: (604) 688-6390 Fax: (604) 688-1157
|
www.EurasianMinerals.com
|
Suite 501 543
Granville Street, Vancouver, British Columbia V6C 1X8, Canada
|
Tel: (604) 688-6390 Fax: (604) 688-1157
|
www.EurasianMinerals.com
|
EMX Royalty (AMEX:EMX)
Historical Stock Chart
From Aug 2024 to Sep 2024
EMX Royalty (AMEX:EMX)
Historical Stock Chart
From Sep 2023 to Sep 2024