Slide 1: Quality Royalties. Proven Track Record. Embedded Growth.
Quality Royalties. Proven Track Record. Embedded Growth. September 2026 ELEMENTAL ROYALTY CORPORATION | NASDAQ : ELE | TSX : ELE
Slide 2: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements This corporate presentation is for informational purposes only and must not be used or relied upon for any other purposes. This corporate This corporate presentation also contains future-oriented financial information (“FOFI”) and financial outlook within th
Slide 3: Elemental investment highlights
Elemental investment highlights Gold-focused Globally diversified Improved capital ~US$95m portfolio markets profile FY2026E revenue Royalty portfolio with direct With best-in-class operators Upsized US$200m credit facility; exposure to commodity and near-term catalysts Nasdaq and TSX listing; price
Slide 4: Accelerating Growth and Simplifying the Business
Accelerating Growth and Simplifying the Business More revenue, more growth, lower costs and complexity US$290m Portfolio Acquisition Generation Divestment • Acquisition of 5 streams and royalties • Elemental becomes cornerstone shareholder in private company Carlin East • Immediate revenue growth of
Slide 5: Globally diversified portfolio of world class assets
Globally diversified portfolio of world class assets 21 PRODUCING ROYALTIES 30 ADVANCED DEVELOPMENT 261 TOTAL ROYALTIES ELEMENTAL ROYALTY CORPORATION | NASDAQ : ELE | TSX : ELE 5
Slide 6: Pro forma Portfolio Positioning
Pro forma Portfolio Positioning Transaction increases precious metals weighting and adds first major North American asset Current Elemental Pro forma Elemental Other Other 7% 8% Copper 60% 66% Commodity Split 27% Gold Copper Precious Gold Precious 48% by NAV 32% 49% Metals Metals Silver Silver 18% 1
Slide 7: Key cornerstone royalties
Key cornerstone royalties Portfolio of outstanding tier-one producing and development royalties Timok Čukaru Peki Caserones Karlawinda Laverton Royalty 0.3625% NSR 1.304% NSR 2% NSR 2-4% GRR Operator Zijin Mining Lundin Mining Capricorn Metals Genesis Minerals Region Serbia Chile Western Australia W
Slide 8: Acquisition of cash flowing and near-term production streams & royalties
Acquisition of cash flowing and near-term production streams & royalties Ruby Hill Complex Kouroussa Snowy River La Negra Homestake District Stream/Royalty 50% Silver Stream 5% Gold Stream 1% Gold Stream 2.5% Gross Revenue Royalty 1% NSR Royalty Operator i-80 Gold Corp Mansa Resources Endura Mining
Slide 9: Acquisition of Vizsla Royalties
Acquisition of Vizsla Royalties Uncapped 2.0–3.5% NSR on Panuco, a near-term production, tier-1, silver-gold asset in Mexico Total consideration of ~C$327 million (US$239 million), with option to receive shares, cash, or a combination of shares and cash New cornerstone asset Extensive royalty covera
Slide 10: Pro forma Growth Outlook
Pro forma Growth Outlook Transformational GEO growth delivered over the next 5+ years, with further upside potential Revised 2026 Guidance (GEOs) Lower Range Upper Range 2026 Guidance 17,000 21,000 ~160% 2026 Guidance – Updated 18,000 20,500 revenue uplift Orion Portfolio Contribution from 1,500 1,5
Slide 11: Proven Track Record of Accretive Deployment
Proven Track Record of Accretive Deployment Record transaction cadence has added cornerstone assets while growing NAV per share Investment Capital Deployed (US$B) Date Transaction Sep '25 - Sep '26 Acquisition of Additional 5.5 Q3 2025 Laverton Royalty 3.7 Q3 2025 Acquisition of Dugbe Royalty Q4 202
Slide 12: Capital allocation: value creating transactions
Capital allocation: value creating transactions Management history of sourcing transactions providing exceptional returns Other investments 146% Investment 130x Investment Leeville Investment $36.9 Recovered Timok Investment $0.2 Recovered 2012 Return $53.8 $67.6 2014 Return $23.5 $286.0 Investment
Slide 13: Pro forma Capital Structure
Pro forma Capital Structure Pro forma Capital Structure Pro forma share register Elemental Royalty Corp. Shares (m) 76.7 Elemental Royalty Share Price (US$/share)1 21.30 27% Market Capitalization (US$m) 1,634.5 Tether Cash2 (US$m) 22.9 Institutions 48% Tether Gold2 (US$m) 1.8 Orion Equity Investment
Slide 14: Experienced leadership with proven track record of success
Experienced leadership with proven track record of success Management Frederick Bell Stefan Wenger David Baker David Gossen Meghan Sharp CEO & Director Chief Investment Chief Legal Officer VP, Business Chief Financial Officer Officer Development Co-founder and CEO of Former CFO of EMX Royalty Former
Slide 15: Elemental: a transformative year
Elemental: a transformative year Accelerating major transactions to create sector leading growth September 2025 – September 2026 19.5-22.0k ✓ Merger with EMX to create Elemental Royalty US$1.1bn ✓ Acquisitions of Laverton, Dugbe, Western Queen, & Chapi TRANSACTION GEOs ALLOCATION 2026E GUIDANCE ✓ US
Slide 16: www.elementalroyalty.com info@elementalroyalty.com
www.elementalroyalty.com info@elementalroyalty.com ELEMENTAL ROYALTY CORPORATION | NASDAQ : ELE | TSX : ELE 16