Recent Updates — ELE
Elemental Royalty Corporation completed its acquisition of Vizsla Royalties Corp., securing the target's 2.0% to 3.5% net smelter returns royalties on the Panuco silver-gold project in Mexico. The transaction involved an aggregate cash consideration of approximately C$82 million and the issuance of roughly 8,107,478 Elemental common shares to former Vizsla Royalties shareholders, who now hold approximately 11.19% of Elemental's outstanding equity. These life-of-mine interests are uncapped and cover existing resources at Panuco. Elemental Royalty Corporation operates in the mining royalty and streaming sector.
Elemental Royalty Corporation received clearance from Mexico's Antitrust agency, the Comisión Nacional Antimonopolio (CNA), for its acquisition of Vizsla Royalties Corp. This regulatory approval represents the final milestone required to complete the transaction, which grants Elemental exposure to Vizsla Royalties' 2.0% to 3.5% net smelter returns royalties on the Panuco silver-gold project in Mexico. These life-of-mine interests cover existing resources at Panuco without caps or buybacks and are expected to close shortly. Elemental Royalty is a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of producing assets.
Elemental Royalty Corporation reported record second-quarter 2026 results with revenue of US$23.8 million and adjusted EBITDA of US$17.4 million, driven by a 127% year-over-year increase in revenue plus attributable share of Caserones. The company achieved record Gold Equivalent Ounces (GEOs) of 5,248 for the quarter and 10,231 for the first half of 2026, alongside record operating cash flow of US$15.5 million. Cash and cash equivalents stood at US$74.2 million as of June 30, 2026. Strategic developments included entering a definitive agreement to acquire Vizsla Royalties, purchasing a 2.5% NSR royalty on the Western Queen Gold Project for A$10 million, and up-listing to the TSX main board. The company declared a second quarterly dividend of US$0.03 per share and repurchased approximately 146,000 shares under its normal course issuer bid program. Elemental Royalty Corporation operates in the mining royalty and streaming sector.
Elemental Royalty Corporation reported H1 2026 revenue of $48.1 million and net income of $4.7 million, driven by the consolidation of EMX Royalty Corp assets acquired in November 2025. The company declared a second quarterly dividend of $0.03 per share on June 18, 2026, totaling $1.9 million, which was subsequently paid. Elemental also announced a definitive agreement to acquire Vizsla Royalties Corp for approximately $239 million in stock and cash, subject to closing conditions expected in Q3 2026. Additionally, the company completed a strategic investment package with Quilla Resources Inc., acquiring an additional 1.0% NSR royalty over the Chapi copper project and a 9% equity stake for $25.0 million. The filing also notes the inclusion of Elemental shares in the Russell 3000, Russell 2000, and S&P/TSX Global Gold Indexes effective June 2026. Elemental Royalty Corporation operates in the mining industry, focusing on the acquisition and generation of precious and base metal royalties.