Mr. David Cole reports

ELEMENTAL ROYALTY ANNOUNCES AMENDED AND UPSIZED CREDIT FACILITY TO UP TO US$200M

Elemental Royalty Corp. has signed an amendment to the company's existing revolving credit facility, which has now been upsized to $150-million (U.S.) with a $50-million (U.S.) accordion feature. National Bank Capital Markets and Canadian Imperial Bank of Commerce acted as co-lead arrangers on the transaction, with National Bank Capital Markets also acting as sole bookrunner. National Bank of Canada (NBC) acted as administrative agent. Each of NBC, CIBC and Bank of Nova Scotia acted as lenders.

Highlights:

• $150-million (U.S.) revolving credit facility with NBC, CIBC and Scotiabank;
• $50-million (U.S.) accordion feature available, subject to certain conditions;
• Expanded credit facility solidifies Elemental's strong foundation from which to transact on further accretive royalties and stream opportunities;
• The facility matures on Feb. 27, 2029.

Stefan Wenger, chief financial officer of Elemental Royalty, commented: "Upsizing our credit facility represents a strong vote of confidence from our banking partners at NBC, CIBC and Scotia, and reflects the momentum of our business following a transformational year in 2025, which included our merger and our listing on Nasdaq. This expanded capacity enhances Elemental's strong cash position and financial flexibility, and provides additional headroom to support more material future transactions. We're pleased to have secured the facility on attractive terms, reinforcing our disciplined approach to capital management and our focus on long-term stakeholder value."

Terms of the transaction

The company has entered into an agreement with NBC, CIBC and Scotiabank for a $150-million (U.S.) facility, with an option to increase to a total of $200-million (U.S.) through an accordion facility of $50-million (U.S.), subject to the satisfaction of certain conditions. This is an amendment to the currently undrawn facility of $50-million (U.S.).

The facility has a term of three years, extendable through mutual agreement between Elemental and the lenders. Depending on the company's leverage ratio, the amounts drawn on the facility are subject to interest at SOFR (secured overnight financing rate) plus 2.25 per cent to 3.5 per cent per annum and the undrawn portion is subject to a standby fee of 0.50 per cent to 0.78 per cent per annum.

The facility has been entered into by Elemental as borrower, NBC as administrative agent, National Bank Capital Markets as sole bookrunner and co-lead arranger, and CIBC as co-lead arranger and syndication agent.

About Elemental Royalty Corp.

Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the company combines Elemental Altus's record of accretive royalty acquisitions with EMX's strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production and sector-leading management expertise.

Elemental Royalty trades on the TSX Venture Exchange and on the Nasdaq Stock Market under the ticker symbol ELE.

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