Elemental Royalty (ELE) Corporate presentation summary

Investment profile

• FY2026E revenue US$95m; updated 2026 GEOS guidance 19.5-22.0 koz and 2030E outlook 50+ koz.

• Gold-focused, globally diversified royalty portfolio with direct commodity-price exposure and catalysts across producing and development assets.

• Improved capital-markets profile includes Nasdaq and TSX listings, increased analyst coverage, index inclusion and a US$250m credit facility.

• Capital returns include an NCIB of up to 5% and an annualized dividend of US$0.12 per share.

Portfolio composition

• 261 total royalties, including 21 producing royalties and 30 advanced-development royalties.

• Precious metals represent 63% of portfolio NAV; 67% is cash-generating, with exposure across North America, South America, Europe, Australia and Africa.

• Key producing assets include Timok, Caserones and Karlawinda; development exposure includes Panuco, Ruby Hill, Dugbe and Laverton.

Key royalties

• Timok: uncapped 0.3625% NSR; 2025 revenue US$6.9m and 66-year mine life, with Upper Zone expansion and Lower Zone development milestones.

• Caserones: uncapped 1.304% NSR; 2025 revenue US$19.0m, 2026 copper guidance 120-130 kt and 39,800m of drilling planned for 2026.

• Panuco: 2-3.5% NSR; first production targeted H2 2028, with EPCM and mine-design contracts awarded and permitting applications advanced.

• Karlawinda: uncapped 2% NSR; mill expansion to ~150 koz pa completed in Q3 2026, and a 32% reserve increase supports a 10-year mine life.

• Ruby Hill: initial 50% silver stream at 20% of spot price; Mineral Point first production targeted in 2031, with average target output of 4.4 Moz Ag pa over 16.5 years.