Elemental Royalty (ELE) Corporate presentation summary

Investment highlights

• Forecasted FY2026 revenue of US$95 million, with gold-focused, globally diversified royalty portfolio and direct commodity price exposure.

• Portfolio includes 21 producing royalties and 30 advanced development assets, with over 260 total royalties globally.

• Upsized US$200 million credit facility, dual Nasdaq and TSX listings, and increased analyst coverage and index inclusion.

• FY2026 GEOs guidance of 19,500–22,000, with a 2030 outlook exceeding 50,000 GEOs.

• Disciplined capital allocation with NCIB up to 5% and annualized dividend of US$0.12/share; 27% major shareholder stake held by Tether International.

Growth strategy and portfolio expansion

• Acquired US$290 million portfolio of 5 streams and royalties, adding over 5,000 GEOs per annum and diversifying revenue base.

• New cornerstone Nevada asset (Ruby Hill) increases contribution to over 13,000 GEOs per annum.

• Divested generation business to Carlin East, reducing G&A by US$6 million annually and freeing US$7 million in working capital.

• Portfolio expected to contribute ~9,000 GEOs per annum on average over the next decade.

Portfolio positioning and diversification

• Pro forma portfolio increases precious metals weighting to 66% and North American exposure by 53%.

• Major assets include Timok (Serbia), Caserones (Chile), Karlawinda and Laverton (Australia), and new Vizsla Royalties (Mexico).

• Vizsla Royalties acquisition adds uncapped 2.0–3.5% NSR on Panuco, a tier-1 silver-gold asset, with first production targeted for H2 2028.