Mergers & Acquisitions ·
Elemental completes acquisition of Vizsla for C$82M cash plus stock, delisting target
ELEElemental Royalty Corp
On September 14, 2026, Elemental Royalty Corporation completed the acquisition of all issued and outstanding shares of Vizsla Royalties Corp. through a court-approved plan of arrangement. Shareholders elected to receive either C$4.13 in cash, 0.15 Elemental common shares, or a combination of C$1.03 in cash and 0.1125 Elemental shares per Vizsla share. Following proration based on a maximum aggregate cash cap of approximately C$81.8 million, Elemental paid roughly C$82 million in total cash consideration and issued approximately 8,105,440 new Elemental common shares to former Vizsla shareholders. Consequently, Vizsla Royalties became a wholly-owned subsidiary of Elemental, and its shares will be delisted from the TSX Venture Exchange as it ceases public reporting obligations. Elemental Royalty Corporation operates in the mining royalty and streaming sector.