On September 21, 2026, Elemental Royalty Corporation entered into definitive agreements to acquire a portfolio of five precious metals streams and royalties from Orion Mine Finance Management LP for US$290 million. The consideration consists of US$200 million in cash and US$90 million in equity shares, representing approximately 5.6% of issued and outstanding shares. Elemental secured a commitment from National Bank of Canada to increase its revolving credit facility from US$150 million to US$250 million to fund the transaction. Concurrently, CEO David M. Cole resigned, and Founder Frederick Bell was appointed as the new Chief Executive Officer and Director. The transaction is expected to close in Q4 2026 or Q1 2027 for the Snowy River stream. Elemental Royalty Corporation operates in the mining finance sector, acquiring royalty and streaming interests in precious metals projects.
