Elemental Altus, EMX Complete $933M Merger Creating Mid-Tier Gold Royalty Leader

Elemental Altus Royalties Corp. and EMX Royalty Corporation have agreed to merge, forming a new mid-tier gold-focused royalty company named Elemental Royalty Corp. The merger, supported by a significant investment from Tether Investments, will create a company with 16 producing royalties and strong projected revenues for 2025 and 2026, positioning it as a leading revenue-generating royalty company with diversified assets. Concurrently, Elemental Altus has expanded its royalty portfolio through major acquisitions, including a 2% Gross Revenue Royalty over Genesis Minerals' Focus Laverton Project in Western Australia and a 2.0-2.5% Net Smelter Return Royalty on Pasofino Gold's Dugbe Project in Liberia, totaling approximately US$68.5 million. These acquisitions add cornerstone assets in Tier 1 jurisdictions and development-stage projects with substantial gold resources and expected long mine lives, reinforcing the company's near-term cash flow and long-term growth strategy. The merged entity will be listed on the TSX Venture Exchange under the ticker "ELE," with plans for a U.S. listing, and has garnered strong shareholder and market support, reflected in positive analyst ratings and financial outlooks. Overall, the merger and acquisitions position Elemental Royalty Corp. as a significant player in the gold royalty sector with enhanced portfolio diversification and growth prospects.