Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934 (Amendment No. N/A_)*

 

EMX Royalty Corporation

(Name of Issuer)

 

Common Shares

(Title of Class of Securities)

 

26873J107

(CUSIP Number)

 

December 22, 2023

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

	☐	Rule 13d-1(b)
	☒	Rule 13d-1(c)
	☐	Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No.: 26873J107

 

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Extract Advisors LLC
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) ☐
	(b) ☒
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	6,195,782*
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	6,195,782*
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	6,195,782*
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.5%*
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IA, OO

 

 

CUSIP No.: 26873J107

 

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Extract Capital Master Fund Ltd.
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) ☐
	(b) ☒
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	6,195,782*
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	6,195,782*
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	6,195,782*
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.5%*
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	PN

 

 

CUSIP No.: 26873J107

 

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Darin Milmeister
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) ☐
	(b) ☒
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	6,195,782*
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	6,195,782*
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	6,195,782*
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.5%*
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	HC, IN

 

 

CUSIP No.: 26873J107

 

Item 1.	(a).	Name of Issuer:
		EMX Royalty Corporation
	(b).	Address of issuer’s principal executive offices:
		Suite 501 – 543 Granville Street
		Vancouver, British Columbia V6C 1XB
Item 2.	(a).	Name of person filing:
		Extract Advisors LLC*
		Extract Capital Master Fund Ltd.*
		Darin Milmeister*
	(b).	Address or principal business office or, if none, residence:
		21255 Burbank Blvd., Suite 120
		Los Angeles, California 91367
	(c).	Citizenship:
		Extract Advisors LLC - Delaware
		Extract Capital Master Fund Ltd. – Cayman Islands
		Darin Milmeister- United States
	(d).	Title of class of securities:
		Common Shares
	(e).	CUSIP No.:
		26873J107

 

 

CUSIP No.: 26873J107

 

Item 3.	If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
	N/A
Item 4.	Ownership.
	* The common shares (“Shares”) reported herein are held by Extract Capital Master Fund Ltd. (the “Fund”), which is managed by Extract Advisors LLC (the “Adviser”). Darin Milmeister serves as the managing member to the Adviser.   As of the reporting date the Fund held 6,195,782 Shares which includes 1,352,573 Shares that the Reporting Persons have the right to acquire within sixty days. The percentages reported herein are calculated based upon the statement in the Issuer’s Report on Form 6-K for the period ended September 30, 2023, as filed with the Securities and Exchange Commission on November 14, 2023, that there were 112,214,040 Shares of the Issuer outstanding as of November 13, 2023.
	This report shall not be deemed an admission that the Adviser, the Fund or any other person is the beneficial owner of the securities reported herein for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the reporting persons herein disclaims beneficial ownership of the Shares reported herein except to the extent of the reporting person’s pecuniary interest therein.
	Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

	(a)	Amount beneficially owned:
		Extract Advisors LLC– 6,195,782*
		Extract Capital Master Fund Ltd. – 6,195,782*
		Darin Milmeister – 6,195,782*
	(b)	Percent of class:
		Extract Advisors LLC – 5.5%*
		Extract Capital Master Fund Ltd. – 5.5%*
		Darin Milmeister – 5.5%*
	(c)	Number of shares as to which the person has:
		(i)	Sole power to vote or to direct the vote
			Extract Advisors LLC – 0
			Extract Capital Master Fund Ltd.- 0
			Darin Milmeister – 0
		(ii)	Shared power to vote or to direct the vote
			Extract Advisors LLC – 6,195,782*
			Extract Capital Master Fund Ltd. – 6,195,782*
			Darin Milmeister – 6,195,782*
		(iii)	Sole power to dispose or to direct the disposition of
			Extract Advisors LLC – 0
			Extract Capital Master Fund Ltd.- 0
			Darin Milmeister – 0
		(iv)	Shared power to dispose or to direct the disposition of
			Extract Advisors LLC – 6,195,782*
			Extract Capital Master Fund Ltd. – 6,195,782*
			Darin Milmeister – 6,195,782*

 

 

CUSIP No.: 26873J107

 

Item 5.	Ownership of Five Percent or Less of a Class.
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.
	N/A
Item 6.	Ownership of More Than Five Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
	N/A
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
	N/A
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
	N/A
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
	N/A
Item 10.	Certification.
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: December 26, 2023
	Extract Advisors LLC
	By:	/s/ Darin Milmeister
		Darin Milmeister, Managing Member
	Extract Capital Master Fund Ltd.
	By:	/s/ Darin Milmeister
		Darin Milmeister, Director
	Darin Milmeister
	By:	/s/ Darin Milmeister
		Darin Milmeister, Individually

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.

 

Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).