M. Stephen Enders

Mr. Enders has over 45 years of mining technical experience, focused on geology and exploration. Mr. Enders has a strong track record of exploration success. Mr. Enders is a co-founder and has been director and technical advisory committee member of Cupric Canyon Capital LLC. He is the senior technical advisor and has been executive chair and COO of EMX Royalty Corp. He is also the Department Head of Mining Engineering at the Colorado School of Mines, where he was previously Department Head of Geology and Geological Engineering. Mr. Enders was previously Senior Vice President of Worldwide Exploration at Newmont Mining Corporation and President of Phelps Dodge Exploration Corporation. Prior to that, Mr. Enders worked as a geologist and exploration manager in numerous projects and mines across the United States. Mr. Enders has been awarded the Ralph W. Marsden Award by the Society of Economic Geologists, the Ben F. Dickerson Award by the Society of Mining, Metallurgy and Exploration and the Distinguished Achievement Medal from the Colorado School of Mines.

Mr. Enders holds a B.Sc. in Geological Engineering from the Colorado School of Mines and a M.Sc. in Geological Engineering and a Ph.D. in Geosciences, both from the University of Arizona. Mr. Enders also has completed a Certificate in Executive Leadership from the University of Denver.