Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Elemental Royalty Provides Portfolio Update

Denver, Colorado–(Newsfile Corp. – April 23, 2026) – Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (“Elemental“) announces continued progress across the portfolio including at cornerstone royalties Karlawinda and Laverton, as well as key development assets Mactung, Diablillos, and Viscaria, further derisking Elemental’s near and mid-term revenue profile.

Highlights

  • Material progress on the Karlawinda Expansion Project, expected to deliver 150,000 ounces of gold per year, with commissioning anticipated in Q3 2026
  • Beasley Creek highlighted by Genesis Minerals as a key development priority at Laverton for their upcoming strategic long-term mine plan
  • Viscaria has completed groundworks as the operator ramps up the construction phase of the project, targeting first production in 2028
  • Diablillos has been approved for inclusion under Argentina’s Large Investment Incentive Regime, and is advancing toward construction decision later in 2026
  • Feasibility Study commenced at Mactung with completion targeted in H1 2027, leading up to the submission of the mining application in 2027
  • New operators over producing assets Bonikro and Korali-Sud with the acquisition of Allied Gold by Zijin Gold International; at Dugbe, with the acquisition of Pasofino by major shareholder, Mansa Resources; at Cactus with the acquisition of Arizona Sonoran by Hudbay Minerals; and Bellavista’s acquisition of Pickle Crow from FireFly Minerals

Karlawinda Expansion Project on Track

At Karlawinda, operator Capricorn Metals (ASX: CMM) (“Capricorn”) has reported that the Expansion Project remains on track, with the operation producing 30,358 ounces of gold in the March 2026 quarter while continuing to advance key development works across the expanded processing circuit and associated infrastructure. During the quarter, Capricorn reported that more than 90% of plant site concrete works had been completed, major structural steel and pipework packages had been delivered, CIL tank construction and welding had been completed, and structural, mechanical and piping works across the crushing, milling and CIL areas had advanced materially. Capricorn also reported that earthworks for ROM Pad 2 were largely completed and first ore had been placed for commissioning, TSF 2 embankments had been advanced to the level required for start-up, and the ball mill had been delivered ahead of schedule ahead of commissioning expected to commence in the September 2026 quarter.

Capricorn has previously stated that the expansion is expected to increase total processing capacity at Karlawinda to 6.5Mtpa from the existing 4.0Mtpa plant and lift annual gold production to around 150,000 ounces. On that basis, the expansion is expected to deliver a material step-up in scale at Karlawinda, with annual gold production increasing by approximately 25% to 30% once the expanded circuit is operational.

Elemental holds an uncapped 2% NSR royalty on Karlawinda.

Laverton key project for Genesis

Genesis Minerals (ASX: GMD) (“Genesis”) continues to highlight the strategic importance of the Focus assets within its growing eastern hub. Genesis identified Beasley Creek as a key project for Laverton and stated that its updated long-term plan will include the introduction of initial Focus assets into the existing Laverton mill, alongside ongoing studies to expand milling capacity. Current work is focused on drilling, resource re-estimation and pit optimization, led by Beasley Creek as the first development priority.

Genesis also highlighted potential upside across the broader Focus tenure, including additional open pit opportunities at Burtville and Karridale, as well as underground potential with all deposits described as open at depth.

Elemental holds a 2% Gross Revenue Royalty (“GRR”) on the entire Laverton project and an additional 2% GRR on certain Laverton claims for a total 4% GRR, including Beasley Creek.

Viscaria enters into construction phase

Gruvaktiebolaget Viscaria (ST: VISC) (“Viscaria”) stated that groundworks for the processing plant had already commenced in early 2026 and that key priorities for the year include mine dewatering, completion of dams, securing electrical power and connection to the Malmbanan rail network. Viscaria also disclosed that, subsequent to year-end, it had signed long-lead item and construction-related agreements with Metso and Nordec respectively, and is targeting completion of its structured project financing package by the end of Q2 2026.

Viscaria continues to guide toward first production in 2028. The company’s published timetable indicates first ore in 2028, with full production from 2029. At full capacity, Viscaria expects to produce approximately 26,000 tonnes of copper per year over an initial 17 year mine life.

Elemental holds an uncapped 0.5% to 1% NSR royalty on Viscaria.

Diablillos RIGI Approval

At Diablillos, AbraSilver (TSX: ABRA) (“AbraSilver”) announced that the project has been approved for inclusion under Argentina’s Large Investment Incentive Regime (“RIGI“). RIGI provides long-term fiscal stability together with tax, customs, and foreign-exchange benefits.

AbraSilver further stated that Diablillos remains on track for several near-term milestones, including Environmental Impact Assessment (“EIA”) approval and completion of the Definitive Feasibility Study, as it works toward a construction decision later this year. The company said detailed engineering, procurement planning, and infrastructure upgrades are advancing in parallel, with early works intended to begin following receipt of the EIA.

Elemental holds an uncapped 1% NSR royalty on Diablillos.

Mactung Feasibility Study Commencement and Private Placement

At Mactung, Fireweed Metals (TSXV: FWZ) (“Fireweed”) announced the commencement of an updated Feasibility Study for its 100%-owned Mactung Tungsten Project, supported by the US Department of War as part of the Defense Production Act. Fireweed stated that the study is expected to be completed in early 2027 and is intended to support further engineering and mine licensing efforts. The mine license application is expected to be submitted in 2027.

Subsequent to the feasibility study announcement, Fireweed closed a C$61.5 million non-brokered private placement, including a strategic investment by JX Advanced Metals Corporation and participation by the Lundin Family Trusts. The proceeds will be used to support advancement of its Macpass, Mactung, and Gayna projects, regional infrastructure planning and general working capital purposes, which should further support the ongoing advancement of Mactung, the world’s largest high-grade tungsten deposit.

Elemental holds a 4% GRR on Mactung, which can be bought down to an uncapped 2% GRR under certain conditions.

Allied acquired by Zijin

Allied Gold (“Allied”) announced that it has agreed to be acquired by Zijin Gold International (“Zijin”) in a friendly all-cash transaction valued at approximately C$5.5 billion. Allied also noted Zijin’s intention to further advance its operations, including Sadiola, which increases confidence in continued development, expansion and long-term production from royalty-covered assets.

Elemental holds a capped 4.5% NSR royalty on Bonikro and an up to 3% NSR on Korali-Sud.

Pasofino Gold acquired by Mansa Resources

Pasofino Gold (“Pasofino”) has been acquired by Mansa Resources (“Mansa”) in an all-cash transaction, with Mansa also agreeing to provide Pasofino with up to US$10 million of interim funding through a promissory note. The Dugbe project will now be under the total ownership of a party that already holds approximately 51% of Pasofino. The ownership structure will simplify decision-making going forward and facilitate enhanced financial support from an experienced and well-funded operator.

Elemental holds an uncapped 2.0-2.5% NSR royalty on Dugbe.

Arizona Sonoran acquired by Hudbay Minerals Inc.

Hudbay Minerals (TSX: HBM) (NYSE: HBM) (“Hudbay”) has announced that the company has entered into an agreement to acquire Arizona Sonoran and the Cactus Project, establishing a major copper hub in southern Arizona, and Hudbay as a leading supplier of domestic US refined copper, with Hudbay’s Copper World and Cactus both expected to be significant producers of copper cathode. The acquisition substantially reduces execution risk at Cactus given Hudbay’s proven track record developing and operating large-scale copper projects.

Elemental holds an uncapped 0.5-0.54% NSR royalty over the majority of the Cactus Project, with a 0.5% NSR royalty over part of the Parks-Salyer deposit.

Pickle Crow acquired by Bellavista Resources

FireFly Metals has agreed to sell the 70% interest in the Pickle Crow Project to Bellavista Resources (ASX: BVR) (“Bellavista”) for an aggregate value of c.A$86.1 million. Subject to and in conjunction with the completion of the acquisition, Bellavista is seeking to raise up to approximately A$25 million, which will be used to conduct Mineral Resource extensional and near-mine drilling, as well as regional mapping and sampling of multiple underexplored structures to identify new targets.

Elemental holds a 2.25% NSR Royalty on Pickle Crow, which can be bought down to 1.25% for US$2.5 million.

Technical Disclosure and Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Michael Sheehan, a “Qualified Person” and employee of the Company as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

For further information contact:

Elemental Royalty Corporation:

David M. ColeTara Vivian-Neal,
CEOInvestor Relations
info@elementalroyalty.cominvestor@elementalroyalty.com
  
www.elementalroyalty.com 
Phone: +1 (604) 688-6390 

NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K

About Elemental Royalty Corporation.

Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental Royalty trades on NASDAQ and on the TSX under the ticker symbol “ELE”.

Cautionary note regarding forward-looking statements and financial outlook

This news release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).

Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the Nasdaq Stock Market LLC, or the TSX, or its Regulation Service Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294050

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Grizzly Sampling and Fieldwork Results in Three New Gold-Copper-Silver Discoveries at the Greenwood, BC Critical Minerals and Precious Metals Project

Edmonton, Alberta–(Newsfile Corp. – April 20, 2026) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to announce that it has recently received results from 2025 sampling at the Greenwood, BC Critical Minerals and Precious Metals Project from APEX Geoscience Ltd. (APEX). The collection of a total of 218 rock samples has resulted in the discovery of three new metal occurrences at the Keno area, the Old No. 7 Minesite area and at Myers Creek. Additional sampling at two other target areas that are slated for future drilling, Midway and Imperial, have confirmed grades of prior work and provided additional information on the continuity of mineralization. The targets are all part of the Greenwood Critical Minerals and Precious Metals Project in British Columbia (Figure 1).

The focus of the 2026 program will be additional Induced Polarization (IP) surveys at the Sappho and Motherlode areas, along with trenching and drilling at Midway, targeting the historical Midway Mine. The initial 2026 drilling is planned for the Sappho area to expand the copper-silver-gold-platinum group element (Cu-Ag-Au-PGE) skarn intersections in previous drilling and to test a new IP chargeability anomaly (See Company news release dated February 26, 2026). Additional prospecting, mapping and reconnaissance sampling will be conducted across the entire project area throughout 2026.

Sampling 2025 Highlights

  • Three new Au-Cu-Ag discoveries at the Keno area, the Old No 7. Mine area and at Myers Creek area (Figure 1). Additional 2025 sampling at the historical Midway and Imperial mines continues to return outstanding results, and reinforces that both targets warrant drilling.
  • At the Old No 7 Mine area, an area with a number of old workings, a total of 22 rock grab samples returned up 11.2 grams per tonne (g/t) Au (0.327 ounces per ton – opt), 252 g/t (7.35 opt) Ag, 699 parts per million (ppm) Cu, 8,810 ppm lead (Pb), 1,980 ppm zinc (Zn) and 298 ppm antimony (Sb). A total of 8 of the 22 grab samples returned > 1 g/t Au (0.029 opt) and 6 of the 22 samples returned > 50 g/t Ag (1.46 opt) (Table 1).
  • At the Keno area (headwaters of Skeff Creek), part of the Mt Attwood – Overlander core block (Figure 1), a total of 5 rock grab samples retuned up to 4.48 g/t Au (0.131 opt), 425 g/t Ag (12.4 opt), 1,105 ppm Cu, 530 ppm molybdenum (Mo), 2.96% Pb, 695 ppm Zn and 751 ppm Sb from a new showing (Table 1). The Keno area has a number of historical workings with quartz veins and skarn in Attwood or Knob Hill sedimentary rocks. The samples were collected from malachite stained sedimentary outcrops.
  • A total of 18 reconnaissance rock grab samples collected over a large area in the Myers Creek area south of Rock Creek has returned 2 samples with 1.11 g/t and 2.78 g/t Au along with anomalous copper from the historical Myers Creek showing area (Table 1). The samples were collected from sheared and gossanous Anarchist sedimentary rocks. The location of the samples is only 11 km northeast of the Buckhorn Mine in Washington State (Figure 1).
  • At the Midway area, new sampling including selective rock grab and composite chip samples from outcrop and trenches have yielded up to 17.95 g/t (0.524 opt) Au, 2,780 g/t (81.1 opt) Ag, 917 ppm Cu, 2.65% Pb, 3.5% Zn and 1,580 ppm Sb at the Midway Mine; up to 0.44 g/t (0.013 opt) Au, 24.9 g/t (0.726 opt) Ag and 1.94% Cu at the Texas Bruce Lois historical workings; and up to 1.35 g/t (0.039 opt) Au, 8.7 g/t (0.254 opt) Ag, 1,180 ppm chromium (Cr), 2,220 ppm nickel (Ni) and 185 ppm Sb from the Picturestone trenches (Table 1).
  • Prior sampling in the Midway Mine historical pit yielded a range of 12.05 g/t (0.351 opt) Au up to 70.8 g/t (2.07 opt) Au (See Company news release dated October17, 2022).
  • New chip sampling from the Midway Mine trench has yielded 4.43 g/t (0.129 opt) Au, 478 g/t (13.9 opt) Ag, 2,540 ppm Pb, 987 ppm Zn and 215 ppm Sb across 6 m in a composite across the trench (Figure 2).
  • The Midway area is being targeted for Cu-Au skarn and epithermal Au-Ag-Cu-Pb-Zn-Sb polymetallic deposits (Figure 2).
  • All highly anomalous samples are from outcrop and characterized by the presence of abundant pyrite, arsenopyrite with visible galena and sphalerite in a siliceous chalcedonic host. The mineralization is hosted in polymetallic veins that display the presence of Pb, Zn, Cu, arsenic (As) and Sb and are likely epithermal in nature.
  • A selective rock grab sample from outcrop 200 m west of the main Midway Mine yielded 15.85 g/t Au (0.462 oz/t Au) and 1,530 g/T Ag (44.6 oz/t Ag), illustrating that there is potential for additional high-grade mineralization in the area (Figure 2).
  • At the historical Imperial Mine, new sampling including selective rock grab and composite chip samples from outcrop and trenches have yielded up to 13.9 g/t (0.405 opt) Au, 4,210 g/t (122.8 opt) Ag, 950 ppm Cu, 3.51% Pb, 3.35% Zn and 1,905 ppm Sb in rock grab samples and 1.43 g/t (0.042 opt) Au, 224 g/t (6.53 opt) Ag, 155 ppm Cu, 0.3% Pb, 0.83% Zn, and 77 ppm Sb across 4 m in composite chip samples.
  • At the Imperial historical mine, samples are characterized by the presence of abundant and visible pyrite, galena and sphalerite in quartz veins and/or pods of silicified metavolcanic or metasedimentary rocks (Greenstones). The mineralization can be described as polymetallic veins and altered wall rock with anomalous Ag-Au-Pb-Zn and minor Cu. Granodiorite and diorite intrusions have been noted nearby. High levels of chromium and nickel reflect the presence of altered ultramafic rocks with serpentine‐carbonate alteration commonly identified as listwanite.

Brian Testo, President and CEO of Grizzly Discoveries, stated, “We are excited and are looking forward to pursuing a number of critical minerals targets along with high grade gold – silver – copper – lead – zinc showings and historical mines with drilling commencing soon in 2026 along with additional exploration for significant battery metal prospects in our current 170,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!

Figure 1: Land position and targets of interest for future exploration, Greenwood Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/293337_ad03bbbcf4256a43_002full.jpg

Figure 2. Midway geology and showings with gold in soils and rocks. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/293337_ad03bbbcf4256a43_003full.jpg

Table1. Summary Highlights Rock Samples 2025 Exploration.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/293337_grizzlytbl14202026.jpg

Plans for 2026 Exploration at Greenwood:

To build on the early 2026 work, including IP at the Sappho area and rock sampling in the Greenwood area, further IP surveys and drilling are funded and being planned to commence at the Sappho area by the end of April. Additional IP work and sampling are planned for the Greyhound and Motherlode area and will be completed in May, 2026.

Trenching, rock and soil sampling along with drilling are planned for the historical Midway Mine area for later in 2026. Property wide rock and soil sampling will commence in the coming weeks and continue throughout the year and across the Property.

Additional results should be forthcoming over the next coming months as work progresses and will be presented in additional news releases.

Quality Assurance and Control

Rock and soil samples are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Grant of Options

The Board of Directors of Grizzly have authorized the issuance of an aggregate 7,500,000 stock options to Officers, Directors, and Consultants of Grizzly with an exercise price of $0.06 and expiring on April 16, 2031 or earlier in accordance with the Company’s Stock Option Plan. 6,000,000 of the options authorized for issuance will be issued to insiders of Grizzly. All of the options will vest immediately upon issuance. The grant of stock options and the exercise price of the stock options granted are subject to the acceptance of the TSX Venture Exchange.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of critical mineral and precious metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293337

Categories
Base Metals Junior Mining Precious Metals Project Generators

Scout Discoveries Initiates Phase I Drill Program at Lehman Butte

Key Take-Aways

  • Scout has initiated Phase I drilling at the Lehman Butte epithermal Au–Ag project, a project generated and now operated by Scout under its Earn-In agreement with Centerra Gold.
  • The Phase I program consists of an initial ~2,500-meter, multi-hole core drilling campaign, with the potential for expansion based on results and subject to Centerra’s approval.
  • Scout has mobilized two in-house drill rigs and is executing the program as operator at cost plus 20%, reflecting its discovery-to-partnership, vertically integrated model.
Coeur d’Alene, Idaho – April 7, 2026 – Scout Discoveries Corp. (“Scout” or the “Company”) is pleased to announce the initiation of the Phase I core drilling program at its 100%-owned Lehman Butte epithermal gold–silver project in Custer County, Idaho (the “Project”). This program marks the first drilling under Scout’s agreement with Centerra Gold Inc. (“Centerra”). Under the agreement, Centerra may earn up to 70% of the project in two stages by sole-funding US $30 million in exploration costs, previously announced on August 27, 2025. The commencement of drilling at Lehman Butte marks a significant milestone for Scout, as this is another project the team has successfully generated, advanced through systematic targeting and permitting, and is now efficiently drilling as the project operator.The Phase I program is designed as an initial ~2,500-meter, multi‑hole core drilling campaign focused on testing high‑priority targets defined through Scout’s systematic surface exploration, geologic mapping, geochemistry, and geophysics. The program may be expanded based on results, subject to approval from Centerra in accordance with the earn‑in agreement.
Phase I Drill TargetsThe Phase I drill program is designed to test the Lehman Butte epithermal Au-Ag system within a multi-kilometer target area identified by Scout’s earlier targeting work (Figure 1). Previous geologic mapping, rock and soil sampling, and geophysical surveys (IP and Magnetics) have outlined a major three by one-kilometer-wide swarm of banded quartz adularia epithermal veins surrounded by disseminated gold-silver mineralization in permeable volcaniclastic units. Surface samples exhibit gold grades reaching up to 3.1 g/t Au (n=214, average 0.145 g/t Au), with soil sampling delineating a significant gold-in-soil anomaly that underscores the potential for bulk tonnage. Concurrent magnetic low, IP chargeability, and resistivity anomalies corroborate these targets outlined by surface sampling and mapping and form the primary targets to be tested in this phase I drill program.Scout will drill the subvertical vein swarm from the eastern flank with -50-degree holes to test both the bulk tonnage and higher-grade potential within the inferred palaeo-boiling horizon. Representative cross sections through the target area outline targets to be tested in Figures 2 and 3. Further information on the project can be found on Scout’s website: Lehman Butte Project Details.
Figure 1: Plan map showing Phase I drill layout, geology, Au-in-soil geochemistry, and section traces.
Scout-Led OperationsConsistent with the terms of the Earn‑In agreement, Scout is serving as project operator and is executing the drill program using its in‑house drilling and geologic teams. Scout has mobilized two surface core drills to site, enabling parallel drilling on multiple pads and providing flexibility to adapt the program as results are received. Initial program activities in Q1 2026 focused on winter mobilization, pad construction, equipment staging, water management infrastructure anticipating limited water return, and close coordination with the U.S. Bureau of Land Management. All proposed activities to date, including pad construction, snow plowing, and equipment mobilization, have been approved, and drilling has commenced following completion of these preparatory works.Geologic logging and core handling are being carried out by Scout’s technical team as drilling progresses, providing real‑time feedback to guide ongoing targeting and potential program adjustments. The Company anticipates that results from this Phase I program will inform subsequent drill planning and the potential expansion of drilling under the Earn‑In structure.
Figure 2: Drill section showing LB26-02, target veining, geology, and surface geochemistry.
Figure 3: Long Section showing current drilling, geology, and surface geochemistry.
Earn-In Agreement with Centerra GoldAs previously announced, Centerra has the right to earn up to a 70% interest in the Lehman Butte project by investing up to US$30.0 million over two stages, with Scout remaining the initial project planner and operator. This Phase I program represents the first substantive drilling campaign under the earn-in structure and reflects the parties’ aligned objective of efficiently advancing the project toward discovery and potentially advanced stage exploration.Scout’s role as operator allows for continuity of technical vision from initial surface work beginning in 2018, permitting, and execution, while leveraging Centerra’s capacity to scale with exploration success. The collaboration is a direct expression of Scout’s discovery‑to‑partnership business model, whereby projects are internally generated, advanced through drilling with in‑house capabilities, and partnered to pursue discovery at scale (Figure 4).
Looking AheadWith drilling now underway, Scout will continue to work closely with Centerra through the technical committee to review results, refine targets, and evaluate opportunities to expand the Phase I program. The Company believes Lehman Butte represents a compelling example of Scout’s ability to generate high‑quality projects, advance them efficiently with internal capabilities, and work with a quality partner to pursue discovery at scale. Assays will be released when the target is sufficiently tested and results support a decision to continue moving the project ahead, or not – consistent with Scout’s philosophy of systematically moving projects through its pipeline.
Figure 4: Scout Discoveries, Discovery-to-Partnership, Vertically Integrated Business Model
About Centerra Gold Inc.Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada. Centerra’s shares trade on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under the symbol CGAU. The Company is based in Toronto, Ontario, Canada.
About Scout Discoveries Corp.Scout Discoveries Corp., headquartered in Coeur d’Alene, Idaho, is a private U.S. mineral exploration company with rights to twelve separate precious and base metal projects in the western U.S.A., comprising one of the largest unpatented claim holdings in the region, totaling over 50,000 acres. Scout’s vision is to bring the full discovery process in-house from idea generation through resource drilling, lowering costs and increasing efficiency. With this model, the Company can rapidly advance its project portfolio through discovery by leveraging its five internal core drill rigs and experienced technical teams.For further information, visit: https://www.scoutdiscoveries.com/
Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Elemental Royalty to Commence Trading on the Toronto Stock Exchange

Denver, Colorado–(Newsfile Corp. – April 2, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or “the Company“) is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange (“TSX“) at market open on Tuesday, April 7, 2026, under the trading symbol “ELE“. The Company’s shares will be voluntarily delisted from the TSX Venture Exchange concurrently with the TSX listing.

David M. Cole, Chief Executive Officer of Elemental Royalty, commented: “Elemental’s graduation to the Main List of the Toronto Stock Exchange is the natural next step in our trajectory and evidences the progress we have made in building a disciplined, growth-oriented public company. We believe our TSX listing will further enhance our visibility across the investment community, broaden our shareholder base, and better position us to create long-term value for our shareholders.”

The listing does not involve any concurrent financing, and no new shares were issued.

For further information contact:

David M. Coleinfo@elementalroyalty.com
CEO
Tara Vivian-Neal,investor@elementalroyalty.com
Investor Relations
  
www.elementalroyalty.com 
Phone: +1 (604) 688-6390 
  
TSXV: ELE | NASDAQ: ELE | ISIN: CA28620K1066 | CUSIP: 28620K106

About Elemental Royalty Corporation.
Elemental is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Forward-looking statements
This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof). Forward-looking statements and information include, but are not limited to, the timing and implementation of the listing on the TSX and the delisting from the TSX Venture Exchange. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions; the absence of control over the mining operations from which Elemental will receive royalties; risks related to international operations, government relations and environmental regulation; the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; the impact of any pandemic or epidemic; economic uncertainties created by the war in Ukraine and hostilities in the middle-east including the military conflict in Iran; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; cybersecurity threats, security breaches and hacks; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the TSX-V, its Regulation Service Provider (as that term is defined in the policies of the TSX-V), or the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290968

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside Resources and Questcorp Launch Phase 2 Exploration Program at La Union Project, Sonora, Mexico

Vancouver, British Columbia–(Newsfile Corp. – April 1, 2026) –  Riverside Resources Inc.  (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY0) (“Riverside” or the “Company“), is pleased to announce the commencement of the Phase 2 exploration program at La Union Project in Sonora, Mexico. The program builds on the success of the 12-hole Phase 1 drill program announced January 22, 2026, which delivered a new sediment-hosted gold discovery at Luis Hill returning 42m grading 0.3 g/t gold. Funded by Questcorp, Phase 2 has mobilized teams to the field across four main target areas, where work will include geological mapping, geochemistry, geophysics, and a property-wide structural analysis.

“We are pleased to have a fully funded exploration program and have immediately activated our team in the field,” said John-Mark Staude, President and CEO, Riverside Resources Inc. “I have just returned from Sonora, where the Phase 2 program is progressing well, with the Riverside team conducting safe, high-quality work encompassing sampling, mapping, geological targeting, and geochemistry with the aeromagnetic geophysics expansion launching shortly. Building directly on our Phase 1 results, including the high-grade channel sampling at Union Mine and the new sediment-hosted gold discovery at Luis Hill, we have multiple well-defined targets to advance. Riverside is pleased to continue working with partner Questcorp, and as a shareholder in Questcorp, our interests in the success of the Union Project are well aligned.”

Planned exploration for this program includes:

  • Follow-up work on sediment-hosted gold (“SHGD”) targets identified during Phase 1 drilling, where gold was intersected in sedimentary rocks below the primary Carbonate Replacement Deposit (“CRD”) host units, consistent with districts known to host both CRD and SHGD deposit styles.
  • Underground follow-up sampling at the Union Mine, where the previously announced chip-channel interval on January 22, 2026, remains open on both ends and warrants further investigation.
  • CRD targeting at the Famosa North area, where lead and zinc anomalies have never been drill-tested; field studies in this area will support upcoming drill targeting. The Famosa mineral concessions were recently consolidated into Riverside’s land package, as announced on March 18, 2026.
  • Structural geology work in the northern portion of the property, where consulting structural experts are working alongside Riverside’s local field staff to refine drill targeting.
  • Follow up on sediment-hosted gold targets in the eastern portion of the Union Project district.
  • Follow-up exploration at Luis Hill, where Phase 1 drill hole UND25-9 returned 42m grading 0.3 g/t gold in sediment-hosted rocks representing a new style of Carlin-like gold mineralization for this part of Sonora. Phase 2 field work will expand upon this discovery to define additional drill targets.

Running concurrently with the field work described above is an expanded aeromagnetic drone survey that builds upon the Phase 1 geophysical dataset. The expanded survey will extend coverage in all directions of the mineral property, generating data that will support Phase 2 drill targeting in advance of a drilling program planned for early summer 2026.

Figure 1: Location of some of the targets at the Union project to be evaluated during the Phase 2 exploration program and locations of the initial Phase 1 drill holes which now can be further expanded during the Phase 2 program as well.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6101/290784_0141ee122467b832_002full.jpg

As announced on March 18, 2026, the Famosa area mineral concessions have been formally transferred and consolidated into Riverside’s land package. This strengthens the foundation for the Phase 2 work program, as the geology and mineralization trends within the Famosa area extend northward and eastward into the primary Phase 2 exploration focus zones.

The Union Project hosts multiple district-scale target areas, and the Phase 2 program is designed to systematically advance the most promising of these toward drill testing. The program will evaluate three distinct styles of mineralization identified during Phase 1: carbonate replacement deposit (CRD) mineralization, sediment-hosted gold in calcareous siltstones and carbonaceous sediments comparable to Nevada’s Carlin-style deposits, and structurally controlled gold mineralization within quartzite units. With permits in hand, site access secured, and both a drill contractor and geophysical service provider selected, all logistics are advancing toward a summer 2026 drilling program.

About the Union Project

The Union Project is a district-scale carbonate replacement deposit (CRD) exploration project located in Sonora, Mexico. The project hosts historical mining areas and multiple exploration targets associated with gold, silver, zinc, and lead mineralization within carbonate and structurally controlled settings. Riverside operates the project through its Mexican subsidiary while advancing exploration in partnership with Questcorp.

Qualified Person

The technical content of the news release has been reviewed and approved by Freeman Smith, P.Geo. (British Columbia), a qualified person under National Instrument 43-101 who is non-independent and the Vice President Exploration for the Company.

About Riverside Resources Inc.:

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet with over C$5,000,000 cash, no debt and tight share structure with a strong portfolio of gold-silver, copper, and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com
Eric Negraeff
Investor Relations
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290784

Categories
Base Metals Energy Junior Mining Oil & Gas Precious Metals Project Generators

Elemental Royalty Announces Record 128% Increase in Revenue, Exceeding Guidance for 2025, and Announces 2026 Guidance

Denver, Colorado–(Newsfile Corp. – March 24, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or the “Company“) is pleased to report results for the year ended December 31, 2025. For the year, Elemental delivered revenue of US$43.6 million, revenue plus attributable share of Caserones1 of US$49.2 million, and adjusted EBITDA1 of US$34.9 million.

2025 Financial Highlights

  • Record full year revenue plus attributable share of Caserones1 of US$49.2 million, up 128% over prior year, exceeding 2025 updated guidance of US$42 million;
  • Gold Equivalent Ounces (“GEOs”) of 14,285 for 2025 (8,987 in 2024), driven by contributions from Karlawinda, Bonikro, Korali Sud, and Caserones, and the completion of the merger with EMX Royalty Corporation;
  • Adjusted EBITDA1 of US$34.9 million, up 131% over prior year, demonstrating strong cash flow conversion;
  • Adjusted operating cash flow1 of US$33.9 million, up 288% over prior year; and
  • Cash and cash equivalents as of December 31, 2025 of US$53.1 million and a working capital1 of US$80.1 million, demonstrating financial flexibility for growth.

Q4 2025 Financial Highlights

  • Record Q4 revenue of US$16.0 million and record revenue plus attributable share of Caserones1 of US$17.2 million, up 153% on Q4 2024
  • Q4 attributable GEOs1 of 4,133 ounces (2,551 GEOs in Q4 2024)
  • US$52 million acquisition of uncapped 2% GRR on the Laverton Gold Project and an uncapped 2% GRR on Jasper Hills in Western Australia
  • Completion of merger with EMX Royalty Corporation

2026 Outlook and Guidance

  • Revenue guidance for 2026 US$76.5 to US$94.5 million based on a gold price of US$4,500/oz and a copper price of US$5.50/lb
  • GEO guidance for 2026 of 17,000 to 21,000 GEOs

David M. Cole, Elemental Chief Executive Officer, commented: “2025 was a landmark year for Elemental, underscored by our merger with EMX Royalty Corporation, which significantly expanded our revenue base and strengthened our platform for long-term growth. The combination creates a more broadly diversified royalty portfolio across commodities, jurisdictions, and development stages, enhancing resilience and scale, with key cash-flowing assets such as Caserones, Timok, Karlawinda, and Leeville. This broader portfolio provides greater optionality through exposure to an expanded pipeline of organic growth opportunities and future project advancements, including the Laverton Gold Project, which we expect to become a cornerstone asset. As we enter 2026, we are well positioned to benefit from the merger’s synergies and deliver continued value creation for shareholders.”

Investor Webinar

An investor webinar will be held on Wednesday March 25, 2026, starting at 11am Eastern Time, to discuss these results, followed by a question-and-answer session.

To register for the investor webcast, please click the link below:

https://app.webinar.net/XxJnNlbkAGY

A replay of the event will be available on the Elemental website following the presentation.

Financial Summary for the Three Months and Year Ended December 31, 2025:

For the three months ended
December 31,
 For the year ended
December 31,
(In thousands of US dollars)20252024 20252024
 
Statement of Income 
Revenue$16,047$5,519 $43,643$16,323
General and administrative expense$9,842$2,149 $16,467$7,396
Royalty generation expense, net$1,058$ $1,058$
Net income (loss) from continuing operations$(3,209)$132 $1,772$(312)
     
Statement of Cash Flows     
Cash flows from operating activities$11,203$2,555 $30,811$4,816
     
Non-IFRS Financial Measures1     
Revenue plus attributable share of Caserones$17,226$6,827 $49,200$21,600
Adjusted cash flows from operating activities$11,203$3,315 $33,937$8,738
Adjusted EBITDA$8,456$4,769 $34,901$15,111
GEOs sold4,1332,551 14,2858,987

Key Strategic Developments

2025 was a transformative year for Elemental, defined by strategic initiatives that strengthened the Company’s scale, diversification, and long-term growth profile. Key developments during the year included:

  • Completion of the merger with EMX, creating a larger, combined royalty company with a materially expanded revenue base and enhanced capital markets presence.
  • Secured a strategic investment from Tether Investments S.A. de C.V (“Tether”), strengthening the share register, enhancing financial flexibility, and supporting the Company’s growth initiatives.
  • Acquired the uncapped 2% GRR royalty over the Laverton Gold Project in Western Australia for US$52 million, which is expected to become a cornerstone asset within the portfolio given its scale, development trajectory, and long-term upside.
  • Benefited from continued advancement and optimization across producing assets within the portfolio, supporting stable cash flow generation and near-term growth visibility.
  • Announced after year end, the Company advanced its capital allocation framework and financial capacity through the introduction of an inaugural annual dividend of US$0.12 per share (paid quarterly) and the establishment of a US$150 million revolving credit facility and US$50 million accordion feature, enhancing balance sheet flexibility to support future growth initiatives while delivering sustainable returns to shareholders.

2025 Performance to Guidance:

Please see our MD&A for the year ended December 31, 2025 for more details on our guidance and see “Forward-Looking Statements” and “Future-Oriented Financial Information” below.

The following is an evaluation of the Company’s performance compared to our 2025 Guidance:

2025 GuidanceA2025 Updated GuidanceB2025 Results
GEO Sales11,600 to 13,20011,600 to 13,20014,285
Revenue plus attributable share of Caserones1US$31.1 to US$34.3 millionUS$42.0 millionUS$49.2 million
Assumed commodity prices of US$2,600/oz gold and US$4.00/lb copper.
Assumed commodity price of US$4,000/oz gold and US$4.00/lb copper.

Excluding revenue attributable to assets acquired through the merger with EMX, Elemental’s assets recognized 12,459 GEO Sales1, placing results in the top half of the updated guidance range. Assets acquired through the EMX merger contributed an additional 1,826 GEOs following the date of the closing of the transaction, November 13, 2025. Had the merger taken place on January 1, 2025, the Company would have generated US$72.2 million in revenue and US$87.5 million in revenue plus attributable share of Caserones1, aligning with consensus combined revenue guidance of US$85 million.

2026 Guidance

In 2026, we expect royalty revenue of 17,000 to 21,000 GEOs. 2026 guidance is based on public forecasts and disclosures by the owners and operators of our assets, historical performance, and management’s understanding of the underlying producing assets.

 2026 GuidanceA 
 GEO Sales117,000 to 21,000 
 RevenueUS$76.5 to US$94.5 million 
 A Assumed commodity price of US$4,500/oz gold and US$5.50/lb copper. 

The noted increase in expected GEOs compared to 2025 is mainly due to the contribution of assets acquired through the merger with EMX in Q4 2025, offset by a decrease in production at Korali Sud.

The Company has assumed a commodity price of US$4,500/oz gold and US$5.50/lb copper. The increase in gold prices has outpaced the rise in copper prices, resulting in a negative impact on GEOs due to Elemental’s exposure to copper-linked assets, specifically Caserones and Timok.

Following an amendment to the SLM California shareholder agreement effective November 13, 2025, the Company reassessed its interest in SLM California, which holds the Caserones royalty. The revised arrangement was determined to constitute a joint operation under IFRS 11, resulting in the discontinuation of equity accounting under IAS 28 and the recognition of the Company’s proportionate share of assets, liabilities, revenues, and expenses. As a result, the contribution from Caserones in 2026 will be fully categorized as revenue and will no longer require an adjustment to revenue in future periods.

Portfolio Growth

Elemental continues to advance a disciplined growth strategy focused on building a globally diversified portfolio of high-quality royalty and streaming interests, with a core emphasis on gold and precious metals. The Company’s portfolio provides exposure to a range of assets throughout the development and production pipeline, including cornerstone interests such as Karlawinda, Laverton, and Leeville. This gold-focussed approach is complemented with selective exposure to large-scale base metals assets such as Caserones and Timok, with diversification across commodities, jurisdictions, and operators supporting stable cash flow generation, while preserving meaningful upside to exploration success and mine life extensions.

Near to medium-term portfolio growth is expected to be supported by continued development, optimization, and exploration activities at several key assets. At Timok, ongoing advancement of both the Upper and Lower Zone projects provides exposure to a world-class copper-gold system with significant scale potential. In addition, recent exploration success in the broader Timok district, including the Malka Golaja discovery, highlights the prospectivity of the regional land package and reinforces the long-term optionality of Elemental’s royalty interest. While the ultimate impact of such discoveries remains subject to further delineation and development by the operator, management views these results as encouraging indicators of the district’s geological potential.

Elemental’s exposure to precious metals growth is anchored by assets such as Karlawinda, a long-life gold operation in Western Australia. Ongoing mining activities and regional exploration at Karlawinda offer the potential to support stable production and incremental upside over time. The recently acquired Laverton royalty further enhances the Company’s exposure to a highly prospective gold district in Western Australia, in addition to the acquisition of the Dugbe royalty in Liberia, both of which support the near to medium-term pipeline of exploration-driven optionality and reinforce Elemental’s strategy of acquiring royalties over large land packages in established mining camps with Tier-one operators.

In addition to its core precious metals weighting, Elemental benefits from exposure to established and operating base metal assets such as Caserones, a large-scale copper mine where continued operational optimization and exploration efforts may contribute to sustained production and potential mine life extension. These base metal assets complement the gold-focussed portfolio, providing diversification and leverage to copper demand, which is increasingly supported by structural trends related to electrification, infrastructure investment, and the global energy transition.

Elemental remains well positioned to pursue additional accretive royalty and streaming opportunities across its targeted commodities. Management continues to evaluate a robust pipeline of potential transactions, reflecting sustained interest from mining companies seeking non-dilutive sources of capital. The Company’s strong balance sheet, recently amended US$150 million revolving credit facility, with a US$50 million accordion, and scalable business model provide enhanced financial flexibility to support disciplined capital deployment. The Company also benefits from supportive long-term shareholders, including Tether, whose investment reflects confidence in Elemental’s strategy and growth outlook.

Management believes Elemental’s gold-focussed, diversified asset base, strengthened liquidity position, and aligned shareholder support provide a solid foundation for long-term value creation.

Fourth Quarter and Full Year 2025 Performance by Asset

The following table is a summary of GEOs1 sold and revenue plus attributable share of Caserones1 for the fourth quarter of 2025 and 2024:

GEOs Sold Revenue (in thousands of US dollars)
20252024 20252024
 
Ballarat179151 $745$403
Bonikro692900 2,8862,407
Caserones2879 3,665
Gediktepe387 1,613
Karlawinda648556 2,6991,490
Korali-Sud74 307
Leeville286 1,192
Timok261 1,086
Wahgnion284 764
Other producing royalties337172 1,403455
Advanced royalty payments40 167
Total royalty revenue3,7822,063 $15,763$5,519
     
Option, property and other revenue68 284
Caserones (before reclassification)2283488 1,1791,308
Revenue plus attributable share of Caserones14,1332,551 $17,226$6,827

The following table is a summary of GEOs1 sold and revenue plus attributable share of Caserones1 for the year ended December 31, 2025 and 2024:

GEOs Sold Revenue (in thousands of US dollars)
20252024 20252024
 
Ballarat709323 $2,454$807
Bonikro3,1742,208 10,8865,430
Caserones2387 3,665
Gediktepe387 1,613
Karlawinda2,5632,171 8,8575,199
Korali-Sud3,446 10,515
Leeville286 1,192
Timok261 1,086
Wahgnion1,126 2,692
Other producing royalties812789 2,9241,865
Advanced royalty payments40 167
Total royalty revenue12,5566,617 $43,359$15,993
     
Option, property and other income68140 284330
Caserones (before reclassification)21,6612,230 5,5575,277
Revenue plus attributable share of Caserones14,2858,987 $49,200$21,600

Qualified Person

Michael P. Sheehan, CPG, a Qualified Person as defined by NI 43-101 and employee of the Company, has reviewed, verified, and approved the above technical disclosure.

About Elemental Royalty Corporation.

Elemental is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 16 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental trades on the Nasdaq and the TSX Venture Exchange under the ticker “ELE”.

For further information contact:
   
 David M. Coleinfo@elementalroyalty.com
 CEO
 
 Tara Vivian-Neal,investor@elementalroyalty.com
 Investor Relations
   
www.elementalroyalty.com
Phone: +1 (604) 688-6390
 
TSX.V: ELE | NASDAQ: ELE | ISIN: CA28620K1066 | CUSIP: 28620K

Cautionary note regarding forward-looking statements

This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology.

Forward-looking statements and information include, but are not limited to, statements with respect to the Company’s annual revenue and GEO guidance for 2026, future development and upside of the Laverton royalty, and the Company’s ability to support the future growth, and provide stable and sustainable returns. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represents management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the TSX-V, its Regulation Service Provider (as that term is defined in the policies of the TSX-V), or the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.

Notes

Royalty revenue received carries no direct cash cost of sales: distributions from associates related to Elemental’s effective royalty on Caserones were received net of Chilean taxes and have no other costs.

  1. Refer to the “Non-IFRS financial measures” section below or on page 29 of the Q4 2025 MD&A for more information on each non-IFRS financial measure. These non-IFRS measures are not standardized financial measures under the financial reporting framework used to prepare the financial statements to which the measures relates and might not be comparable to similar financial measures disclosed by other issuers.
  2. Effective November 13, 2025, the Company discontinued accounting for SLM California as an investment in associate and began recognizing its share of revenue from the Caserones royalty directly, rather than as a share of profit from associate.

Non-IFRS Financial Measures

The Company has included performance measures which are non-IFRS and are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. The non-IFRS measures do not have any standard meaning under IFRS Accounting Standards and other companies may calculate measures differently.

Caserones Reclassification

Effective November 13, 2025, the shareholders of SLM California executed an amendment to the entity’s shareholder agreement, resulting in the Company reassessing the classification of its interest in SLM California, which holds the Company’s Caserones royalty. As a result of the amendment to the shareholder agreement, the Company determined that the revised arrangement constituted a joint operation in accordance with IFRS 11 Joint Arrangements. Consequently, on November 13, 2025, the Company discontinued equity accounting under IAS 28 Investments in Associates and Joint Ventures and began recognizing its proportionate share of the assets, liabilities, revenues, and expenses of SLM California as a joint operation.

Reconciliation of Adjusted EBITDA:

The following is the reconciliation of adjusted EBITDA:

For the three months ended
December 31,
 For the year ended
December 31,
(In thousands of US dollars)20252024 20252024
 
Net income (loss) for the year of continuing operations$(3,209)$132 $1,772$(312)
Project evaluation and transaction related expenses2,55591 3,623641
Interest Income(387)(65) (731)(198)
Interest and finance expenses140387 4782,028
Tax expense plus attributable share of Caserones2,160631 6,0082,746
Depletion plus attributable share of Caserones5,1322,775 17,7918,750
Depreciation23 23
Losses (gains) on revaluation of financial instruments(789)14 (769)5
Share-based compensation445368 2,4361,388
Losses (gains) on disposals369 2,253(373)
Impairment charges2,017436 2,017436
Adjusted EBITDA$8,456$4,769 $34,901$15,111

The presentation of this non-IFRS measure is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. Other companies may calculate these non-IFRS measures differently.

Reconciliation of Revenue, Depletion and Tax expense plus Attributable Share of Caserones:

Revenue plus attributable share of Caserones is a non-IFRS financial measure, which is defined as including gross royalty revenue from associated entities holding royalty interests related to Elemental’s effective royalty on the Caserones copper mine. Management uses revenue plus attributable share of Caserones to evaluate the underlying operating performance of the Company for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as revenue, investors may use revenue plus attributable share of Caserones to evaluate the results of the underlying business, particularly as the revenue plus attributable share of Caserones may not typically be included in operating results. Management believes that revenue plus attributable share of Caserones is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company’s core operating results from period to period. Revenue plus attributable share of Caserones is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers.

Depletion plus attributable share of Caserones and tax expense plus attributable share of Caserones are non-IFRS measures which include depletion and tax expense from the Caserones royalty asset respectively, consistent with the recognition of revenue plus attributable share of Caserones as described above.

The following is the reconciliation of revenue plus attributable share of Caserones:

For the three months ended
December 31,
 For the year ended
December 31,
(In thousands of US dollars)20252024 20252024
 
Revenue$16,047$5,519 $43,643$16,323
The Company’s share of royalty revenue from Caserones$1,179$1,308 $5,557$5,277
Revenue plus attributable share of Caserones$17,226$6,827 $49,200$21,600

The following is the reconciliation of depletion plus attributable share of Caserones:

For the three months ended
December 31,
 For the year ended
December 31,
(In thousands of US dollars)20252024 20252024
 
Depletion of royalties$(4,882)$(2,392) $(16,334)$(7,218)
Depletion of Caserones$(250)$(383) $(1,457)$(1,532)
Depletion plus attributable share of Caserones$(5,132)$(2,775) $(17,791)$(8,750)

The following is the reconciliation of tax expense plus attributable share of Caserones:

For the three months ended
December 31,
 For the year ended
December 31,
(In thousands of US dollars)20252024 20252024
 
Tax expense$(1,842)$(304) $(4,508)$(1,321)
Tax expense related to Caserones$(318)$(327) $(1,500)$(1,425)
Tax expense plus attributable share of Caserones$(2,160)$(631) $(6,008)$(2,746)

Reconciliation of Adjusted Cash Flows from Operating Activities:

Adjusted cash flows from operating activities is a non-IFRS measure which includes dividends from the Caserones royalty asset.

The following is the reconciliation of adjusted cash flows from operating activities:

For the three months ended
December 31,
 For the year ended
December 31,
(In thousands of US dollars)20252024 20252024
 
Cash provided by operating activities$11,203$2,555 $30,811$4,816
Caserones royalty distributions760 3,1263,922
Adjusted cash flows from operating activities$11,203$3,315 $33,937$8,738

Reconciliation of Gold Equivalent Ounces Sold

Elemental’s revenue plus attributable share of Caserones is converted to an attributable gold equivalent ounce, or GEO, basis by dividing the royalty and other revenue from associates in a period by the average gold price for the same respective period. The presentation of this non-IFRS measure is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS

Accounting Standards. Other companies may calculate these non-IFRS measures differently. The production forecast was derived using information that is available in the public domain as at the date hereof, which included guidance and estimates prepared and issued by management of the operators of the mining operations in which Elemental holds an interest. The production forecast is sensitive to the performance and operating status of the underlying mines. None of the information has been independently verified by Elemental and may be subject to uncertainty. There can be no assurance that such information is complete or accurate.

The following is the reconciliation of gold equivalent ounces sold:

For the three months ended
December 31,
 For the year ended
December 31,
(Revenue and gold price In US dollars)20252024 20252024
 
Revenue plus attributable share of Caserones (in $000s)$17,226$6,827 $49,200$21,600
Average gold price$4,168$2,676 $3,444$2,403
Total GEOs4,1332,551 14,2858,987

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289666

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Elemental Royalty to Release Q4 and Full Year 2025 Results on Tuesday, March 24, 2026

Denver, Colorado–(Newsfile Corp. – March 18, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or “the Company“) will release its Q4 and Full Year 2025 results after market close on Tuesday March 24, 2026.

An investor webinar will be held on Wednesday March 25, 2026, starting at 9am Mountain Time, 11am Eastern Time, to discuss these results, followed by a question-and-answer session.

To register for the investor webcast, please click the link below:
https://app.webinar.net/XxJnNlbkAGY

A replay of the event will be available on the Elemental website following the presentation.

For further information contact:
David M. Cole
CEO and Director

For more information, please contact:

David M. Cole
CEO
info@elementalroyalty.com

Tara Vivian-Neal
Investor Relations
investor@elementalroyalty.com

www.elementalroyalty.com
Phone: +1 (604) 688-6390

(TSXV: ELE) (NASDAQ: ELE) ISIN: CA28620K1066 CUSIP: 28620K

About Elemental Royalty Corporation.
Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental Royalty trades on the TSX Venture Exchange and on NASDAQ under the ticker symbol “ELE”.

Cautionary note regarding forward-looking statements and financial outlook
This news release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).

Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2024. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the TSX-V, its Regulation Service Provider (as that term is defined in the policies of the TSX-V) or the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289036

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Riverside and Questcorp Strengthen Union Project with Key Concession Consolidation🇲🇽

March 18, 2026 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY0), is pleased to announce the successful consolidation of the Famosa Area with three mineral concessions within the Union Project district in Sonora, Mexico, through the completion of the final payment and transfer of mineral title from Pacific Comox S.A. de C.V. to Riverside’s wholly owned Mexican subsidiary, RRM Exploración S.A.P.I. de C.V.. This provides the Company with clear ownership and the ability to advance exploration and, potentially, move toward mining based on future development results.
 
The transaction completes the acquisition of three mineral concessions: La Famosa, Dana 7, and Dana 7 which form an important portion of the southern part of the Union Project district. These concessions are mineral titles 199006, 220840, and 220841, with validity extending from 1994 through 2044 and 2003 through 2053, respectively. This long-term validity and fully titled status fit with the rest of the district mineral titles that the Company is advancing through its spring 2026 mineral exploration program.
 
The concessions were originally secured through an exploration agreement signed in August 2021 between RRM Exploración S.A.P.I. de C.V. and Pacific Comox S.A. de C.V., which provided Riverside with an option to purchase the claims within a five-year period (2021–2026). With the completion of the final payment of US$125,000, Riverside has now exercised the purchase option, and the titles have been formally transferred to Riverside. The total consideration for the acquisition amounts to US$175,000, and notably no net smelter royalty (“NSR”) or any other type of royalty is attached to this transaction.
 
“We are pleased to complete the consolidation of the Famosa area within the Union Project, securing full ownership with no royalty burden for the transaction on these key concessions,” said John-Mark Staude, President and CEO, Riverside Resources Inc. “This strengthens our district-scale land position and provides greater flexibility as we continue advancing exploration at Union with our partner Questcorp.”
 
The Famosa Area hosts carbonate replacement deposit (CRD) style mineralization and structurally controlled gold mineralization within dolomite and quartzite units, located in the southern portion of the broader Union Project district. The consolidation strengthens Riverside’s land position within the Union district and supports ongoing exploration efforts targeting CRD-style gold–silver–polymetallic mineralization.
 
This transaction represents another step in the systematic advancement of the Union Project, where Riverside has been working in partnership with Questcorp under an option agreement that provides for up to C$5.5 million in exploration expenditures funded by Questcorp while Riverside retains equity exposure and a 2.5% net smelter royalty on the project. Previous exploration programs at Union have included geological mapping, geophysics, diamond drilling, and high-grade rock chip channel sampling that have confirmed the presence of gold- and polymetallic-bearing CRD-style and sediment hosted gold-style mineralization across multiple targets within the district. By securing the Famosa concessions outright, Riverside further consolidates its district-scale land position and enhances the exploration potential across the southern portion of the Union Project. The expanded control of mineral titles provides increased flexibility for future exploration programs and supports the continued advancement of the project with partner-funded exploration.
 
Further technical updates related to exploration activities at the Union Project will be provided as programs progress.
 
About the Union Project
 
The Union Project is a district-scale carbonate replacement deposit (CRD) exploration project located in Sonora, Mexico. The project hosts historical mining areas and multiple exploration targets associated with gold, silver, zinc, and lead mineralization within carbonate and structurally controlled settings. Riverside operates the project through its Mexican subsidiary while advancing exploration in partnership with Questcorp.

Qualified Person

The technical content of the news release has been reviewed and approved by Freeman Smith, P.Geo. (British Columbia), a qualified person under National Instrument 43-101 who is non-independent and the Vice President Exploration for the Company.
 
About Riverside Resources Inc.:
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has a strong balance sheet with over C$5,000,000 cash, no debt and tight share structure with a strong portfolio of gold-silver, copper, and REE assets and royalties in North America. Further information about Riverside is available on the Company’s website at www.rivres.com.
 
 

ON BEHALF OF THE BOARD OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO
 

 For additional information contacT:

John-Mark Staude
President, CEO
Riverside Resources Inc.info@rivres.comPhone:  (778) 327-6671
Fax:  (778) 327-6675
Web:  www.rivres.com
Eric Negraeff
Investor Relations
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the risk that the Transaction will not be completed as contemplates, or at all, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Elemental Royalty Notes First Production at Chapi

Denver, Colorado–(Newsfile Corp. – March 2, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or “the Company“) notes the announcement by Quilla Resources Inc. (“Quilla”) on the successful production of first copper cathode from the Chapi Copper Project (“Chapi”) in southern Peru. Elemental holds a 2.0% Net Smelter Return (“NSR”) royalty on the project.

Highlights

  • First production of copper cathode at the Chapi Copper Project following Quilla’s acquisition in December 2024
  • Ramp-up underway toward plant nameplate capacity of approximately 10,000 tonnes per annum of copper cathode
  • Elemental expects first royalty payment from Chapi in Q1 2026

Chief Executive Officer and Director of Elemental Royalty, David M. Cole, commented“Quilla has made phenomenal progress at Chapi with first copper cathode produced, and ramp-up underway toward nameplate capacity. This rapid progression through key de-risking milestones underscores the project’s meaningful value and significant upside potential.”

Details
Quilla has announced first production of copper cathode at Chapi following the acquisition of the brownfield asset in December 2024. Quilla undertook a comprehensive technical review, engineering evaluation, and operational planning before commencing refurbishment at the mine and solvent extraction and electrowinning (SX-EW) plant facilities. The restart was achieved within the originally stated schedule and budget, reflecting management’s strong execution, operational discipline, and reaffirming Elemental’s confidence in Quilla, and in-country subsidiary Minera Pampa de Cobre S.A.C., as operators.

Following the successful commissioning of the SX-EW the plant, Quilla have stated their intention to progressively increase operating rates toward an initial 10,000 tonnes of copper cathodes per year, while completing remaining capital projects and site optimization initiatives to support stable, long-term operations.

Elemental Royalty on Chapi
Acquired in January 2025, the royalty comprises a 2% NSR on minerals produced from the approximately 26,000-hectare property, as well as a 2% NSR royalty on any minerals produced from properties acquired by Quilla within a two-kilometer area of interest (“AOI”). In addition, the agreement includes an additional 2% NSR royalty from any minerals that are produced from outside the Property Royalty area, but that are processed at the Chapi Solvent Extraction Electro-Winning (“SX-EW”) plant.

Background on the Chapi Mine
The Chapi Mine is located in southern Peru’s Moquegua and Arequipa Departments at an elevation of approximately 2,750 meters, and has ready access approximately 50 kilometers south-southeast from the city of Arequipa. Historical, small-scale copper production, which is poorly documented, occurred intermittently from the 1930s through the early 1980s. Subsequently, between 2006 and 2012 the Chapi Mine produced approximately 5,000 to 8,500 tonnes per annum, initially of copper sulphates from open-pit and underground mining and heap leaching, and later copper cathodes from open-pit mining, heap leaching, and SX-EW (solvent extraction-electrowinning) processing. The grades mined during 2006-2012 were reported as 0.59% – 1.04% copper. The operations were halted in 2012 due to declining copper prices and operational challenges that were mainly related to insufficient ore control on materials delivered to the leach pads.

The historical Chapi Mine is comprised of two principal open pits, underground workings, a crushing and agglomeration circuit, heap leach pads, a solvent extraction plant, an electrowinning copper cathode plant, and related infrastructure including mine camp, office facilities, water supply, and power. Since 2012, Chapi has been under care and maintenance with the principal permits for mining operations remaining in place under a temporary suspension.

For further information contact:
David M. Cole
CEO and Director

For more information, please contact:

David M. ColeTara Vivian-Neal
CEO
info@elementalroyalty.com
Investor Relations 
investor@elementalroyalty.com

www.elementalroyalty.com
Phone: +1 (604) 688-6390

(TSXV: ELE) (NASDAQ: ELE) (ISIN: CA28620K1066) (CUSIP: 28620K)

About Elemental Royalty Corporation.
Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental Royalty trades on the TSX Venture Exchange and on NASDAQ under the ticker symbol “ELE”.

Cautionary note regarding forward-looking statements and financial outlook
This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).

Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2024. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the TSX-V, its Regulation Service Provider (as that term is defined in the policies of the TSX-V) or the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285993

Categories
Base Metals Energy Junior Mining Oil & Gas Project Generators

Elemental Royalty Announces Amended and Upsized Credit Facility to up to US$200M

Denver, Colorado–(Newsfile Corp. – March 2, 2026) – Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (“Elemental” or the “Company“) is pleased to announce the signing of an amendment to the Company’s existing Revolving Credit Facility (the “Facility”), which has now been upsized to US$150 million with a US$50 million Accordion feature (the “Accordion”). National Bank Capital Markets and Canadian Imperial Bank of Commerce (“CIBC”) acted as Co-Lead Arrangers on the transaction, with National Bank Capital Markets also acting as Sole Bookrunner. National Bank of Canada (“NBC”) acted as Administrative Agent. Each of NBC, CIBC and The Bank of Nova Scotia (“Scotia”) acted as Lenders (together “the Lenders”).

Highlights

  • US$150 million Revolving Credit Facility with NBC, CIBC, and Scotia
  • US$50 million Accordion feature available, subject to certain conditions
  • Expanded Credit Facility solidifies Elemental’s strong foundation from which to transact on further accretive royalties and stream opportunities
  • The Facility matures on February 27, 2029

Stefan Wenger, Chief Financial Officer of Elemental Royalty, commented: “Upsizing our credit facility represents a strong vote of confidence from our banking partners at NBC, CIBC, and Scotia, and reflects the momentum of our business following a transformational year in 2025, which included our merger and our listing on Nasdaq. This expanded capacity enhances Elemental’s strong cash position and financial flexibility and provides additional headroom to support more material future transactions. We’re pleased to have secured the facility on attractive terms, reinforcing our disciplined approach to capital management and our focus on long-term stakeholder value.”

Terms of the Transaction
The Company has entered into an agreement with NBC, CIBC, and Scotia for a US$150 million Facility, with an option to increase to a total of US$200 million through an Accordion facility of US$50 million, subject to the satisfaction of certain conditions. This is an amendment to the currently undrawn facility of US$50 million.

The Facility has a term of three years, extendable through mutual agreement between Elemental and the Lenders. Depending on the Company’s leverage ratio, the amounts drawn on the Facility are subject to interest at SOFR plus 2.25%-3.5% per annum and the undrawn portion is subject to a standby fee of 0.50%-0.78% per annum.

The Facility has been entered into by Elemental as borrower, NBC as Administrative Agent, National Bank Capital Markets as Sole Bookrunner and Co-Lead Arranger, CIBC as Co-Lead Arranger and Syndication Agent.

For further information contact:

David M. Coleinfo@elementalroyalty.com
CEO
Tara Vivian-Neal,investor@elementalroyalty.com
Investor Relations

www.elementalroyalty.com
Phone: +1 (604) 688-6390

(TSXV: ELE) (NASDAQ: ELE) (ISIN: CA28620K1066) (CUSIP: 28620K)

About Elemental Royalty Corporation.
Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus’s track record of accretive royalty acquisitions with EMX’s strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental Royalty trades on the TSX Venture Exchange and on NASDAQ under the ticker Symbol “ELE”.

Forward-Looking Statements
This news release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology (including negative and grammatical variations thereof).

Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Financial outlook contained in this news release includes: the Company’s 2025 cash position of approximately $53 million (as the Company’s audited annual financial statements are not yet completed).

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental Royalty to control or predict, that may cause Element’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental’s expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2024. Elemental Royalty undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represents management’s best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the TSX-V, its Regulation Service Provider (as that term is defined in the policies of the TSX-V), or the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285708