Elemental Royalty (ELE) Corporate presentation summary

Investment highlights

• Globally diversified portfolio with over 200 royalties and exposure to gold and other commodities.

• Market capitalization of approximately US $1.5 billion and consensus 2026 revenue of US $89 million.

• Portfolio includes 18 cash-flowing royalties and 29 advanced development assets.

• Major shareholder Tether Investments provides strategic support and participated in a US $100 million private placement.

• Near-term catalysts include an inaugural dividend, increased liquidity, and targeted index inclusions.

Portfolio and growth profile

• Revenue has grown year-on-year, with 2026 and 2027 forecasted to continue this trend.

• Portfolio diversified across North America, Australia, Africa, South America, and Europe.

• 71% of portfolio is cash-generating and 67% is precious metals-focused.

• Four construction decisions expected in 2026 from development assets.

• Key cornerstone royalties include Timok (Serbia), Caserones (Chile), Karlawinda (Australia), and Laverton (Australia).

Recent transactions and financial strength

• Merger with EMX and Nasdaq listing completed in 2025.

• US $100 million private placement from Tether and upsized credit facility to US $200 million.

• Market capitalization of US $1.5 billion, with 64.2 million shares outstanding.

• Institutional ownership stands at 56%, with Tether holding a 32% stake.

• Analyst coverage from major firms and average target price of C$33.9.