Elemental Royalty's Nasdaq Listing: A Strategic Catalyst for Growth and Liquidity

The dual listing of Elemental Royalty on the Nasdaq Capital Market and the TSX Venture Exchange marks a pivotal moment in the company's evolution. By expanding its presence to U.S. markets while retaining its Canadian listing, Elemental Royalty (ELE) aims to enhance liquidity, broaden investor access, and position itself for long-term growth. This strategic move reflects a broader trend among resource-focused companies seeking to leverage cross-border capital markets to navigate evolving economic and geopolitical landscapes.

A Dual Listing Strategy: Balancing Liquidity and Accessibility

Elemental Royalty's decision to list on Nasdaq, effective November 25, 2025, was executed without issuing new shares, ensuring no dilution of existing shareholder value. This secondary listing strategy allows the company to tap into the deep liquidity pools of the U.S. market while preserving its established presence on the TSX Venture Exchange. The simultaneous delisting from the OTCQX Best Market further streamlines access for investors, who are now directed to the more robust Nasdaq platform.

The dual listing is designed to address a critical challenge for smaller-cap resource companies: limited visibility and liquidity in traditional markets. By offering direct access to U.S. institutional and retail investors, Elemental Royalty can attract a broader investor base, potentially increasing trading volumes and reducing bid-ask spreads. This aligns with empirical evidence from dual-listed companies in Israel, where such strategies led to a 123% surge in trade volume and a 9% rise in share prices, demonstrating the tangible benefits of cross-market exposure.

Strategic Implications: Market Expansion and Investor Confidence

The dual listing also serves as a catalyst for broader market expansion. U.S. investors, who constitute a significant portion of global capital, often prioritize Nasdaq-listed companies for their perceived credibility and regulatory rigor. For Elemental Royalty, this means greater visibility among U.S. investment banks and analysts, potentially leading to increased research coverage and inclusion in major indices-a factor that could further amplify liquidity.

Moreover, the move underscores the company's post-merger ambitions. As Elemental Royalty's CEO noted, the Nasdaq listing represents a "milestone" in the firm's journey to consolidate its position in the royalty and streaming sector. By aligning with U.S. market standards, the company signals its commitment to transparency and governance, qualities that are increasingly valued in an era of heightened regulatory scrutiny.

Broader Market Dynamics and Risks

While the dual listing offers clear advantages, it must be evaluated against a backdrop of macroeconomic uncertainties. The imposition of aggressive U.S. tariffs on key trade partners, for instance, has introduced volatility into global markets, complicating long-term strategic planning for companies reliant on cross-border supply chains. However, Elemental Royalty's dual-listing strategy mitigates some of these risks by diversifying its investor base across North American markets, reducing overreliance on any single jurisdiction.

Conclusion: A Prudent Step Toward Sustainable Growth

Elemental Royalty's Nasdaq listing is a calculated move to enhance liquidity, broaden investor accessibility, and solidify its market position. By leveraging the strengths of both U.S. and Canadian capital markets, the company is well-positioned to navigate current economic headwinds while capitalizing on growth opportunities. As the resource sector continues to evolve, such strategic agility will be critical for firms seeking to thrive in an increasingly interconnected global economy.