ELE · Elemental Royalty Corporation Common Stock

Elemental Royalty Corporation’s 2025 performance reflects a step-change in scale and quality following the November 2025 merger with EMX Royalty Corp., which expanded its producing asset count to 18 and its royalty portfolio to over 200 across six continents. Revenue surged 128% year-over-year to US$49.2 million — driven by enhanced exposure to Caserones (1.356% NSR), Zijin’s Cukaru Peki Mine, Leeville, and newly acquired royalties at Laverton and Dugbe — while adjusted EBITDA reached US$34.9 million and adjusted operating cash flow totaled US$33.9 million. The Company exited 2025 with US$69 million in cash and zero debt after repaying all outstanding obligations using proceeds from a US$100 million private placement with major shareholder Tether. This financial strength enabled the launch of an inaugural quarterly dividend of US$0.12 per share — signaling maturity and confidence in recurring cash generation — and expansion of its revolving credit facility to US$150 million with an additional US$50 million accordion. Management explicitly ties value creation to net asset value per share growth, emphasizing disciplined capital allocation across acquisitions, royalty generation (e.g., earn-in agreements with BHP, Ivanhoe Electric, Kennecott, First Quantum), and portfolio optimization. The upcoming May 27, 2026 shareholder meeting will ratify these strategic developments, including auditor appointment (PwC), board composition (five directors), and renewal of the Omnibus Plan with a 10% share reserve — critical enablers of long-term executive alignment and growth financing.