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Elemental Royalty to Acquire Vizsla Royalties, Securing Long-Life Royalty Exposure to the Panuco Silver-Gold Project
Denver, Colorado and Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Elemental Royalty Corporation (TSX: ELE) (NASDAQ: ELE) ("Elemental") and
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Denver, Colorado and Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Elemental Royalty Corporation (TSX: ELE) (NASDAQ: ELE) (\"Elemental\") and Vizsla Royalties Corp. (TSXV: VROY) (OTCQX: VROY) (\"Vizsla Royalties\", and together with Elemental, the \"Companies\") together announce that they have entered into a definitive agreement (the \"Arrangement Agreement\") on May 13, 2026, pursuant to which Elemental will acquire all of the issued and outstanding common shares of Vizsla Royalties (the \"Vizsla Royalties Shares\") by way of a court-approved plan of arrangement (the \"Transaction\"). Under the terms of the Arrangement Agreement, each Vizsla Royalties shareholder (\"Vizsla Royalties Shareholder\") will have the option to elect to receive, for each Vizsla Royalties Share, (i) 0.15 common shares of Elemental (\"Elemental Shares\"), (ii) C$4.13 in cash, or (iii) a combination thereof, subject to rounding and proration, based on a maximum total cash consideration of approximately C$82 million as detailed below. The total consideration for the Transaction is approximately C$327 (US$239) million or C$4.13 per Vizsla Royalties Share on a fully-diluted basis. The Transaction price represents a premium of 31% and 22% to the unaffected closing price and the 20-day volume weighted average trading price, respectively, of the Vizsla Royalties Shares as at May 12, 2026. Transaction Highlights Combination of Vizsla Royalties' silver-gold Panuco royalty with Elemental's high-quality, diversified portfolio creates a platform of cash-flowing and near-term development royalties with long-term growth potential Opportunity to gain exposure to a high-quality royalty over an advanced development project Vizsla Royalties is projected to add approximately 7,500 GEOs1 per year once in production, providing future revenue uplift as a new cornerstone asset in the Elemental portfolio, and material exposure to silver Life of mine 2.0%-3.5% net smelter returns (\"NSR\") royalty, uncapped with no buy-backs or step-downs Substantial exploration upside across a large, under-explored and highly prospective land package Improved trading liquidity and enhanced capital markets profile, further strengthening Elemental as a leading intermediate royalty peer Elemental and Vizsla Royalties will host a joint conference call and webcast today, May ...