Elemental Altus and EMX Merge to Create Mid-Tier Gold Focused Royalty Company Elemental Royalty Corp.

Elemental Altus Royalties Corp. and EMX Royalty Corporation have entered into a definitive arrangement agreement to merge and create a new mid-tier gold-focused royalty company, Elemental Royalty Corp. The merged company will have 16 producing royalties, contributing to a projected adjusted revenue of US$80 million in 2026. The deal is supported by Tether Investments S.A. de C.V., which will purchase approximately 75 million Elemental Altus shares for US$1001 million. The merger will create a peer-leading revenue-generating royalty company with a globally diversified portfolio, strengthened assets, and enhanced diversification.

Elemental Altus Royalties Corp. (TSXV: ELE) and EMX Royalty Corporation (NYSE American: EMX) have entered into a definitive arrangement agreement to merge and create a new mid-tier gold-focused royalty company, Elemental Royalty Corp. The merger, announced on September 4, 2025, is supported by Tether Investments S.A. de C.V., which will purchase approximately 75 million Elemental Altus shares for US$1001 million [2].

The merged company will have 16 producing royalties, contributing to a projected adjusted revenue of US$80 million in 2026. The deal aims to create a peer-leading revenue-generating royalty company with a globally diversified portfolio, strengthened assets, and enhanced diversification [2].

The combined portfolio will include four cornerstone royalties with world-class operators and a balanced foundation of immediate cash flow and long-term upside. The merger will result in a larger, well-capitalized entity with a lower cost of capital, positioning it to pursue further accretive royalty opportunities in the market [2].

Elemental Altus' portfolio, with a strategic emphasis on royalty acquisition and more than 75% of revenue associated with gold-producing mines, will be complemented by EMX's revenue-generating portfolio and royalty generation business. The combination of two businesses that have each delivered over 17% compound annual growth rates in share price since their inception creates an enlarged company exceptionally well-placed to continue growing in an accretive manner for shareholders [2].

The support from Tether in the form of a US$100 million placement, as well as the existing cash flow generation, provides the ability to pursue further valuable growth through acquisitions of the best opportunities in the sector. Both Elemental Altus' and EMX's shareholders will benefit from the merged company's cornerstone assets, greater scale, diversification, growth profile, and trading liquidity [2].

The merged company will be listed on the TSX Venture Exchange (TSX-V) under the ticker "ELE" with plans to pursue a US listing prior to the closing of the Transaction. A joint conference call and webcast for investors and analysts are scheduled for September 5, 2025, at 8am PT/11 am ET to discuss the Transaction [2].

References:
[1] https://www.juniorminingnetwork.com/mining-stocks/royalty-and-streaming-mining-stocks.html
[2] https://www.newsfilecorp.com/release/265192/Elemental-Altus-and-EMX-to-Merge-to-Create-New-MidTier-Gold-Focused-Royalty-Company-Elemental-Royalty-Corp.