Elemental Royalty Announces First Close of Royalty and Streaming Portfolio Alongside Upsized US$250M Credit Facility
Key Highlights
- ➤Elemental completed four-asset Orion portfolio acquisition for US$188 million cash plus 3,942,881 shares
- ➤Credit facility increased to US$250 million, with a US$50 million accordion
- ➤Snowy River gold stream closing remains expected in Q1 2027, pending New Zealand approvals
- ➤La Negra PEA projects 4.1 Moz AgEq average annual production over 8.2 years
- ➤i-80 prioritized Mineral Point development, with a mid-2027 Pre-Feasibility Study targeted
Expert Statements
Frederick Bell, Chief Executive Officer of Elemental Royalty Corporation
“We are pleased to complete the acquisition of key assets from Orion. In the month since the Acquisition was announced, i-80 have reported first results from their ongoing Mineral Point drill program that highlight the potential for the mineralized footprint to expand as well as updating their development plan to prioritize the project. In parallel, Silverco published a new PEA for the producing La Negra mine that doubles production compared to our previous valuation and highlights the significant growth potential embedded within the portfolio. The expansion of our credit facility to US$250 million demonstrates the continued support of our lending partners and provides us with greater financial flexibility going forwards to pursue further accretive royalty and streaming investments.”
Denver, Colorado--(Newsfile Corp. - October 26, 2026) - Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) ("Elemental" or the "Company") is pleased to announce that it has completed the acquisition of four of the five royalty and streams from funds managed by Orion Mine Finance Management LP (collectively, "Orion"), as previously announced on September 21, 2026 (the "Acquisition").
In conjunction with the Acquisition, Elemental has executed the amendment to the Company's existing Revolving Credit Facility (the "Facility"), increasing the Facility from US$150 million to US$250 million, with a further US$50 million accordion feature (the "Accordion").
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