Elemental Royalty continues to execute on multiple fronts, announcing a renewed dividend, a normal course issuer bid, inclusion in several major stock indices, and continued growth following its acquisition of the Vizsla royalty portfolio. Fred Bell, COO of Elemental, joins Mining Stock Daily to discuss why the company believes its shares remain undervalued, how stronger cash flow is supporting both shareholder returns and future acquisitions, and the strategic importance of the Panuco royalty within its expanding portfolio. The conversation also covers the company&#x27;s innovative gold-backed dividend option through Tether Gold (XAUt), recent additions to the management team, and why Elemental believes it is entering its next phase of growth as a leading precious metals royalty company.

Elemental Doubles Down on Shareholder Returns

Mining Stock Daily

# Full Transcript

**Podcast:** Mining Stock Daily

## Participants

- **Trevor Hall** (Mining Stock Daily)
- **Fred Bell** (Elemental Royalty Corp)
- **Fred Bell** (Elemental Royalty Corp)

## Transcript

Good morning, everybody. Welcome into Mining Stock Daily. Heading back into the royalty space with our friends over at Elemental Royalty Corp. They trade with the ticker symbol ELE on both the NASDAQ and the TSX. A number of headlines coming in from the company here the past couple of weeks, including a normal course issuer bid. So they are buying back stock along with a renewed dividend policy and inclusion into the Russell Index.

So happy to welcome in COO, Mr. Fred Bell, as we run through all of these events. Fred, good to see you. Trevor, always good to be here. All right. So you've announced that Russell 3000 and Russell 2000 inclusion. You're buying back stock through a normal course issuer bid and you're paying a dividend. Those are all milestones investors typically associate with a more mature royalty company, I guess one would say.

And why do you think the market is still valuing Elemental where it's at today? Look, I think it's been pretty volatile markets lately. I mean, there have been days when it's been, you know, between three day period. We've sort of been up and down 10% relative. So I think there's probably a lot of that going on that is across the space. We also continue to be very busy on the deal front.

We announced the acquisition of Visla royalty in May. And I think that, you know, you often see some arbitrage between the shares and stock prices during that. And if you look back on the EMX transaction that we did, you know, we probably on a relative basis, I think we paid a 25% premium for EMX. We probably underperformed in the sort of six weeks after we did EMX. And then I think we outperformed in the sort of following three months.

So I think sometimes you could be in that position. And I think that what is really good here is that we're renewing the normal course issue a bid, which we had in place prior to our AGM, but we never actually used. And so now we'll be using it going forwards, especially when we can buy back shares really accretively. We got included actually not just in the Russell 2000, 3000, but also in the S&P TSX Global Gold Index.

And then we did, we put out our 2026 asset handbook. We had a new website that came out that was refreshed. And yes, we just announced our second dividend for Q2 this year, which is in line with the first one. And also actually going to enable more investors to take up the Tether Gold option than we were able to in Q1.

So we are, we're pushing on all fronts and it doesn't always make the news at the same time, but we have also added to the team. So we've got a new senior guy on the technical team who joined us here in London, Darren Parsons. We have a new, a new, a new lawyer who joined us, Hannah Kutravelis. And we had a new, a new team member on the finance team as we...

Elemental Doubles Down on Shareholder Returns

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Elemental Doubles Down on Shareholder Returns

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.