Elemental Royalty Delivers Record Quarterly GEOs and Operating Cash Flow

Denver, Colorado--(Newsfile Corp. - August 11, 2026) - Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) ("Elemental" or the "Company") is pleased to report results for the three and six months ended June 30, 2026. For the quarter, Elemental delivered revenue of US$23.8 million, record quarterly GEOs(1) of 5,248, record operating cash flow of US$15.5 million, and adjusted EBITDA(1) of US$17.4 million.

Q2 2026 Financial Highlights * Quarterly Revenue of US$23.8 million, the Company’s second highest quarterly result, and up 127% over revenue plus attributable share of Caserones in Q2 2025(1); * Record Gold Equivalent Ounces ("GEOs") of 5,248 for Q2 2026 (3,184 in Q2 2025), and record 10,231 GEOs for H1 2026 (7,790 in H1 2025); * Adjusted EBITDA of US$17.4 million, up 99% over adjusted EBITDA(1) in Q2 2025, reflecting increased operating leverage and portfolio performance; * Record operating cash flow of US$15.5 million, up 8% over adjusted operating cash flow(1) in the comparative period; * Cash and cash equivalents of US$74.2 million as of June 30, 2026, together with the Company’s undrawn credit facility, provide significant financial flexibility to support continued growth; and * On track to meet guidance of 17,000 — 21,000 GEOs for 2026, driven by material contributions from Karlawinda, Bonikro, Timok, and Caserones.