Business
Elemental Royalty Closes the Sale of Its Nordic Business Unit to Goldsky Resources
Denver, Colorado--(Newsfile Corp. - February 19, 2026) - Elemental Royalty Corporation (TSXV...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Royalty Closes the Sale of Its Nordic Business Unit to Goldsky ResourcesDenver, Colorado--(Newsfile Corp. - February 19, 2026) - Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (\"Elemental\" or \"the Company\") is pleased to announce the closing of the previously announced sale of its Nordic operational platform to Goldsky Resources Corp. (TSXV: GSKR) (\"Goldsky\") (see the EMX Royalty News Release dated June 2, 2025). Goldsky, formerly known as First Nordic Metals Corp., is a longstanding partner and operator on multiple Elemental royalty properties in Sweden and Finland. This strategic divestment includes Elemental's regional infrastructure, exploration equipment, and employees across the Nordic countries. Importantly, the transaction does not include the transfer of any Elemental mineral properties, exploration permits/licenses, or Elemental's existing royalty portfolio in the region.HighlightsCompletion of the sale of Nordic operations to Goldsky Elemental to retain existing royalty portfolio, mineral properties and exploration permits in the regionElemental will receive a 1% NSR royalty on any projects generated by Goldsky over the next five years, thereby retaining exposure to discovery upside across the Nordic countriesStrategic Rationale and Long-Term BenefitsThe completion of this transaction is part of Elemental's broader initiative to streamline global operations while retaining royalty upside exposure to future exploration success. The Company has conducted generative exploration in the Nordic region for more than 15 years and throughout this period, has built a broad portfolio of royalties, all of which will remain in the Elemental portfolio. Additionally, as a key consideration for the sale, Elemental will receive a 1% net smelter return (\"NSR\") royalty on the proceeds from production on any newly generated projects in Sweden and Finland by Goldsky, or its affiliates, over the next five years, ensuring continued participation in the region's exploration upside. This provides Elemental shareholders with additional exposure to discovery optionality in the Nordic countries at no additional cost to the Company.Transaction Terms As further consideration for the sale, Elemental will receive staged payments totalling 3,247,000 SEK (approximately US$360,000) over two years. Payments will be m...