Elemental Royalty Corporation · TSX:ELE
Elemental Royalty — Investor Presentation (June 2026)
28 slides from Elemental Royalty's investor presentation, June 2026
Slide 1: Corporate Presentation
Corporate Presentation June 2026 ELEMENTAL ROYALTY CORP | 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 presentation is not and does not constitute an offer or invitation to subscribe for or purchase, or any solicitation of
Slide 3: Investment Highlights
Investment Highlights Gold-focused Globally Near-term diversified catalysts royalty portfolio portfolio with direct supporting exposure to development commodity prices with best-in-class operators pipeline Inaugural Experienced Supportive dividend management major team shareholder US$0.12/ share wit
Slide 4: Portfolio: exceptional organic growth year on year
Portfolio: exceptional organic growth year on year Strong revenue generation with visibility on continued growth FY 2025 highlights Elemental revenue profile Revenue Highlights $109 US$49.2m Elemental (Estimate) $90 FY2025 Revenue EMX (Actual) Elemental (Actual) $38 14,285 GEOs sold $33 $31 $49 $14
Slide 5: Portfolio
Portfolio
Slide 6: Portfolio overview
Portfolio overview Diversified jurisdictional exposure 73% Cash generating 63% Precious metals North America South America Australia Producing Development Precious Metals Base Metals Europe Africa *Allocated by consensus NAV *Allocated by consensus NAV *Allocated by revenue Note: Geography and Devel
Slide 7: Globally diversified portfolio
Globally diversified portfolio 18 Cash Flowing 28 Advanced Development >200 Total Royalties ELEMENTAL ROYALTY CORPORATION | NASDAQ: ELE | TSX: ELE 6
Slide 8: Announced acquisition: Vizsla Royalties
Announced acquisition: 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, with option to receive shares, cash, or a combination of shares and cash Rio Panuco (2%) New cornerstone Silverstone asset Extens
Slide 9: Cornerstone Royalties: Cukaru Peki - Timok
Cornerstone Royalties Cukaru Peki - Timok Uncapped 0.3625% NSR on Zijin’s Timok Mine in Serbia Upper Zone plant expanded from 12ktpd to 15ktpd Operator Zijin Mining Region Bor, Serbia Key Catalysts: • Discovery of Malka Golaja copper gold Commodity Copper / Gold deposit (the MG Zone) in 2024 Mine Ty
Slide 10: Cornerstone Royalties: Caserones
Cornerstone Royalties Caserones Uncapped 1.3036% NSR on Lundin’s Caserones Cu-Mo Mine in Chile ~40,000m of drilling planned at Caserones in 2026 Operator Lundin Mining Strong Production: Region Chile • During Q4 2025, Caserones achieved its Copper, highest quarterly copper production since Commodity
Slide 11: Cornerstone Royalties: Karlawinda
Cornerstone Royalties Karlawinda Uncapped 2% NSR on Capricorn Metals’ Flagship Mine in Western Australia Continued reserve replacement and material production expansion Karlawinda Ore Reserve Estimate (koz) Operator Capricorn Metals Reserves Depletion Region Australia Commodity Gold 1,428 1,247 1,34
Slide 12: Cornerstone Royalties: Laverton
Cornerstone Royalties Laverton Uncapped 2-4% GRR over Genesis Minerals’ Laverton Project in Western Australia Primed for production under new operator Catalysts: Operator Genesis Minerals • Genesis acquired the project in June 2025 and immediately highlighted potential for the Region Western Austral
Slide 13: Other producing royalties
Other producing royalties Portfolio of cash flowing and near-term production royalties Leeville Bonikro Gediktepe Chapi Ballarat Balya 2.5% NSR, capped at 1% GSR 4.5% NSR 2.25% NSR 2% NSR 4% NSR A$50m Operator Nevada Gold Mines Allied Gold ACG Metals Quilla Resources Victory Minerals Esan Eczacibaşi
Slide 14: Key development royalties
Key development royalties Strong pipeline of development projects with near-term production Catalysts Catalysts Catalysts Asset Operator Jurisdiction Commodity & Royalty 2025 2026 2027+ Genesis acquires project Long-term growth plan on Laverton Australia Gold 2-4% GRR from Focus Minerals track for r
Slide 15: Growth outlook: view to 2030
Growth outlook: view to 2030 Annual GEOs1 (koz) 2025 Performance Original Guidance2 Updated Guidance3 Results GEO Sales1 30.0 11.6 to 13.2 11.6 to 13.2 14.3 (koz) ~1,665% increase in target Revenue 25.6 31.1 to 34.3 42.0 49.2 GEO sales in 10 years (US$m) 21.0 ELE 5-year outlook4 20.0 2026E 2027E 202
Slide 16: Capital allocation: value creating transactions
Capital allocation: value creating transactions Management history of sourcing transactions that provide exceptional returns 138% Investment Other investments Investment $36.9 Investment $0.2 111x Investment Recovered Leeville Recovered Timok 2012 2014 Return $50.9 $58.7 Return $20.1 $260.7 Investme
Slide 17: Positioning against peers
Positioning against peers P/NAV P/’26 Revenue Elemental Junior Peers Elemental Junior Peers 37.3x 2.1x 21.5x 14.5x 1.2x 12.5x 1.0x 10.7x 0.9x 0.7x GROY ELE MTA VOXR VMET VOXR ELE VMET GROY MTA Scope for significant value uplift Note: Market data from Capital IQ as of June 1, 2026; Elemental Royalty
Slide 18: Management team
Management team Experienced leadership team with proven track record of success Management Team Dave Cole Fred Bell Juan Sartori President & Chief Stefan Wenger David Baker Chief Executive Officer & Executive Chairman Operating Officer Chief Financial Officer Chief Investment Officer Director • Chai
Slide 19: Capital markets profile
Capital markets profile Capital Structure1 Combined Shareholder Register Elemental Royalty Corp. Shares (m) 64.4 Total Institutional Ownership: 56% Elemental Royalty Share Price (C$/share) 24.51 Market Capitalization (US$m) 1,118 Retail 32% Cash2 (US$m) 74.1 39% Tether Gold (US$m) 2.1 Equity Investm
Slide 20: Building scale
Building scale Material milestones achieved, targeted 2026 catalysts Portfolio Corporate ✓ Cactus: PFS released Q3 2025 Merger with EMX to create Elemental Royalty Q3 2025 ✓ ✓ Acquisition: Dugbe and Laverton Royalties Q4 2025 US$100m private placement from Tether Q3 2025 ✓ ✓ Merger: Elemental and EM
Slide 21: Elemental Royalty: Investment Highlights
Elemental Royalty: Investment Highlights Gold-focused Globally Near-term diversified catalysts royalty portfolio portfolio with direct supporting exposure to development commodity prices with best-in-class operators pipeline Inaugural Experienced Supportive dividend management major team shareholder
Slide 22: Appendices
Appendices
Slide 23: Tether: supportive major shareholder
Tether : supportive major shareholder Investment genesis & thesis • Tether (USD₮) is a stablecoin, which maintains a 1:1 value peg with the US dollar by backing each token with 100% reserves (cash, US Treasury bills, or physical gold) • US$186bn of USD₮ in circulation • Tether Investments is the str
Slide 24: Asset List – Producing Assets
Asset List – Producing Assets 18 Cash Flowing Royalties # Project Operator Country Commodity Terms 1 Caserones Lundin Mining Chile Copper 1.3036% NSR 2 Karlawinda Capricorn Metals Australia Gold 2.0% NSR 3 Bonikro Allied Gold Côte d’Ivoire Gold 4.5% NSR (capped at 560koz production from PB5) 4 Koral
Slide 25: Asset List – Development Assets
Asset List – Development Assets 28 Advanced Stage Development Assets + Over 150 exploration stage royalties in various stages of development # Project Operator Country Commodity Terms 1 Laverton Genesis Minerals Australia Gold 2-4% GRR1 2 Cactus / Parks Salyer Arizona Sonoran USA Copper 0.5-0.54% NS
Slide 26: Asset List – Development Assets
Asset List – Development Assets 28 Advanced Stage Development Assets + Over 150 exploration stage royalties in various stages of development # Project Operator Country Commodity Terms 16 Tartan Lake McEwen Canada Gold 2% NSR (1% buyback for US$1m per 1% from production) 17 Kaukua GT Resources Finlan
Slide 27: Contact
Contact Website www.elementalroyalty.com Email info@elementalroyalty.com Address 10001 W. Titan Road Littleton, CO, USA 80125 26
Slide 28: Disclaimer
Disclaimer Market Scientific and Technical Data Qualified Persons Investors are advised that National Instrument 43-101 Standards for disclosure for Mineral Projects (“NI 43-101”) of the Canadian Securities Administrators requires that Elemental Qualified Person each category of Mineral Reserves and
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