Mr. David Cole reports

EMX SECURITYHOLDERS APPROVE ARRANGEMENT WITH ELEMENTAL ALTUS

EMX Royalty Corp. shareholders and optionholders who have been issued stock options under EMX's existing stock option plan have approved the plan of arrangement under the provisions of Division 5 of Part 9 of the Business Corporations Act (British Columbia) (BCBCA), involving EMX, Elemental Altus Royalties Corp. and 1554829 B.C. Ltd. (Acquireco), pursuant to which Elemental Altus will, among other things, indirectly through an amalgamation of EMX with Acquireco, acquire all of the issued and outstanding common shares of EMX. The vote was passed at EMX's special meeting of securityholders, held earlier today.

The arrangement was approved by: (i) 98.83 per cent of the votes cast by shareholders present in person or represented by proxy and entitled to vote at the meeting; (ii) 98.95 per cent of the votes cast by shareholders and optionholders, voting together as a single class, present in person or represented by proxy and entitled to vote at the meeting; and (iii) 98.66 per cent of the votes cast by shareholders present in person or represented by proxy and entitled to vote at the meeting, excluding the votes cast by such shareholders that were required to be excluded pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The report of voting results will be available under the company's profile on SEDAR+ and on EDGAR.

With the approval by the securityholders, EMX will now seek a final order from the Supreme Court of British Columbia to approve the arrangement at a hearing expected to be held on Nov. 7, 2025. In addition to approval of the court, completion of the arrangement is subject to the Elemental Altus shareholders approving the Tether Investments S.A. de C.V. concurrent financing (received, as described below), applicable regulatory and exchange approval, and the satisfaction of certain other closing conditions customary for a transaction of this nature. Further, the completion of the arrangement is subject to the conditional approval of the listing of the Elemental Altus shares on a U.S. stock exchange and the completion of the Tether concurrent financing. If all conditions are satisfied or waived, the arrangement is expected to close by mid-November, 2025.

As announced in Elemental Altus's news release dated Nov. 4, 2025, shareholders of Elemental Altus approved, among other things, an ordinary resolution in accordance with the majority of the minority shareholder approval requirements set forth in Part 8 of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and TSX Venture Exchange Policy 5.9, approving a related party private placement of 7,502,502 common shares of Elemental Altus at a price of $18.38 (or $13.33 (U.S.)) per common share to Tether for aggregate gross proceeds of approximately $137,896,000 (or approximately $100-million (U.S.)). Completion of the Tether concurrent financing is subject to final approval of the TSX-V.

About EMX Royalty Corp.

EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development and commodity price optionality, while limiting exposure to risks inherent to operating companies. The EMX shares are listed on the NYSE American Exchange and TSX-V under the symbol EMX.

We seek Safe Harbor.