Company Overview

Elemental Royalty Corporation is a precious metals royalty company focused on acquiring and managing royalties and streams primarily tied to gold, silver, and copper production. The company operates within the mining and metals industry, providing financing to mining operators in exchange for royalty interests, which entitle Elemental to a percentage of future production or revenue without assuming direct operational risk. Its core revenue is generated from royalty payments linked to producing or development-stage mining assets.

The company’s strategy emphasizes diversification across operators, geographies, and asset stages, positioning it as a non-operating participant in the mining value chain. Elemental was founded in 2014 and initially pursued project generation and direct mining interests before transitioning into a pure-play royalty and streaming model. This evolution culminated in a merger with another royalty-focused entity, solidifying its current business structure and expanding its portfolio of royalty assets.

Business Operations

Elemental generates revenue through royalty and streaming agreements on mining projects operated by third-party producers. These agreements typically include net smelter return royalties and metal streams, allowing the company to benefit from production upside while avoiding capital and operating expenditures. Its portfolio includes producing assets as well as development and exploration-stage royalties that provide long-term optionality.

Operations are primarily international, with royalties tied to mines in the Americas, Australia, and parts of Africa. Elemental does not operate mines directly and has no exposure to mine-level operating costs, labor, or environmental liabilities. The company manages its portfolio internally and does not rely on major joint ventures, instead partnering contractually with independent mining companies through royalty agreements.

Strategic Position & Investments

Elemental’s strategic direction centers on disciplined capital allocation, accretive acquisitions, and portfolio diversification. Growth initiatives include acquiring additional producing royalties to enhance near-term cash flow while maintaining exposure to development-stage assets for long-term growth. The company has completed multiple royalty acquisitions and corporate transactions aimed at increasing scale and improving asset quality.

A key strategic milestone was the merger with Altus Strategies plc, which expanded Elemental’s royalty portfolio and geographic reach. The company continues to evaluate investments in precious and base metals, with particular emphasis on assets operated by established or emerging producers. Elemental’s exposure to gold remains dominant, complemented by silver and copper, aligning the portfolio with commodities that have both monetary and industrial demand.

Geographic Footprint

Elemental’s royalty interests span multiple mining jurisdictions, with a concentration in North America, South America, and Australia, and additional exposure to Africa. The company is headquartered in Canada, reflecting its listing on the TSX Venture Exchange and its alignment with the Canadian mining finance ecosystem.

While Elemental has no physical mining operations, its international footprint provides diversified exposure to global mineral production and reduces reliance on any single country or regulatory regime. Its assets are located in jurisdictions generally regarded as established or emerging mining regions, supporting long-term portfolio resilience.

Leadership & Governance

Elemental is led by a management team with experience in mining finance, royalty structures, and capital markets. Leadership emphasizes a low-risk, high-margin business model focused on long-life assets, diversification, and shareholder returns through disciplined growth.

Key executives include:

• Frederick Bell – President and Chief Executive Officer
• James Allchurch – Chief Financial Officer
• Martin Wagner – Chairman of the Board
• Darryl Allen – Director

The leadership team’s strategic vision centers on building a scalable royalty company with sustainable cash flow, conservative balance sheet management, and exposure to high-quality mining assets operated by third parties.