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Elemental Altus and EMX to Merge to Create New Mid-Tier Gold Focused Royalty Company Elemental Royalty Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Elemental Altus Royalties Cor...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Altus and EMX to Merge to Create New Mid-Tier Gold Focused Royalty Company Elemental Royalty Corp.Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental Altus\") and EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (\"EMX\", and together with Elemental Altus, the \"Companies\") are pleased to announce that the Companies have entered into a definitive arrangement agreement dated September 4, 2025 (the \"Arrangement Agreement\") whereby Elemental Altus will acquire all of the issued and outstanding common shares of EMX (the \"EMX Shares\") pursuant to a court-approved plan of arrangement (the \"Transaction\"). The Merged Company (the \"Merged Company\") will continue under the new name Elemental Royalty Corp.Concurrently with and in support of the Transaction, Tether Investments S.A. de C.V. (\"Tether\") and Elemental Altus have entered into a subscription agreement dated September 4, 2025 (the \"Tether Subscription Agreement\") pursuant to which, among other things, Tether has agreed to purchase approximately 75 million Elemental Altus Shares at a price of C$1.84 per share for aggregate gross proceeds of US$1001 million (the \"Tether Concurrent Financing\"). The Merged Company will have 16 producing royalties contributing to a projected approximate adjusted revenue2 of US$80 million in 2026, positioning the Merged Company as a new mid-tier streaming and royalty company. Transaction Highlights and Strategic Rationale: Top Quality, Globally Diversified Portfolio:Creation of peer-leading revenue generating royalty company: combined revenue guidance of US$70 million in 2025 and analyst consensus revenue of US$80 million in 20263, underpinned by strong growth visibility;Gold focused portfolio: adjusted revenue relating to a commodity split of 67% precious metals and 33% base metals on a latest quarter revenue basis providing exposure to record gold prices;Strengthened asset portfolio: anchored by four cornerstone royalties with world-class operators;Enhanced portfolio diversification: exposure to 16 paying royalties and 200 total royalties providing a balanced foundation of immediate cash flow and long-term upside;Meaningful scale: Larger, well capitalized entity: with lower cost of capital, positioned t...