Elemental Royalty Corp – Acquisition of 5 Streams and Royalties for US$290 Million, and Strategic Divestment Of The Generation Business

Fred Bell, CEO and Director, of Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE), joins me to review the acquisition of 5 streams and royalties for US$290 Million from Orion Mine Finance Management LP, and the strategic divestment of the Generation Business to Carlin East. We also discuss the long-life assets in their top 8-10 assets, as well as the organic growth profile in front of the company over the next few years.

Acquisition of Stream and Royalty Portfolio: Elemental has entered into definitive agreements to acquire a high-quality portfolio of precious metals assets consisting of five streams and royalties for total consideration of US$290 million, with US$200 million in cash and US$90 million in equity to Orion Mine Finance Management LP. The portfolio is expected to be immediately accretive to NAV per share, materially accretive to revenue per share, increases the Company's precious metals weighting and adds material exposure in North America.

Strategic Divestment and Simplification: in conjunction with the portfolio acquisition, Elemental announces that it has entered into a non-binding agreement with Carlin East Inc., wherein Carlin East will acquire Elemental's Generation Business comprising wholly-owned exploration projects and will take on management and shared ownership of the Company's Option Agreements and selected early stage exploration royalties related to the Generation Business. As consideration for the transaction, Elemental will acquire a cornerstone equity stake in Carlin East, and CEO and Director, David M. Cole, has resigned to take up a leadership position at Carlin East.

Highlights

Immediately accretive stream and royalty portfolio acquisition materially increases Elemental's revenue, scale and exposure to high-quality producing precious metals assets, further adding to the Company's growth profile

Enhances portfolio quality and diversification, Ruby Hill and Kouroussa will rank in the top five and top ten assets respectively in Elemental's portfolio, and increase the Company's exposure to Tier 1 jurisdictions.

Strategic Divestment of Generation Business allows Elemental to retain the existing portfolio of over 100 early-stage royalties accumulated over more than a decade and to participate as the largest shareholder in future royalty generation through ownership of Carlin East

Reduction in Elemental G&A by over 25% with additional savings expected and streamlined company structure

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To see a comprehensive list of all Elemental Royalty Corp assets:

https://wp-elemental-royalty-2026.s3.eu-west-2.amazonaws.com/media/2026/06/ELE-Royalty-Asset-Handbook-2026.pdf

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