Leading Independent Proxy Advisory Firms Recommend EMX's Shareholders Vote FOR the Arrangement Resolution with Elemental Altus

Executive Summary

• EM X Royalty Corp. announces that ISS and other proxy advisory firms recommend shareholders vote FOR the Arrangement Resolution to combine EM X with Elemental Altus Royalties Corp. via an amalgamation with Acquireco.
• The proposed arrangement would result in Elemental Altus acquiring all outstanding EM X common shares at a premium to the unaffected share price, creating a larger, diversified royalty company.
• Shareholders are urged to vote online or by telephone before the proxy deadline (Oct 31, 2025) and attend the special meeting on Nov 4, 2025.

Key Details

• Arrangement Structure: EM X will amalgamate with 1554829 B.C. Ltd. (“Acquireco”), after which Elemental Altus Royalties Corp. will acquire all issued and outstanding EM X common shares.
• Special Meeting: Held Tuesday, Nov 4, 2025 at 10:00 a.m. Vancouver time (Cassels Brock & Blackwell LLP, Vancouver) with live webcast option. Record date for voting rights: Sep 25, 2025.
• Proxy Advisory Recommendations: ISS and other leading firms recommend a FOR vote, citing strategic soundness, premium offer, positive market reaction, and upside from an improved capital‑markets profile.
• Board Recommendation: EM X board (subject to required abstentions) recommends shareholders vote FOR the Arrangement Resolution.
• Voting Instructions:
• Registered holders – vote online at www.investorvote.com or by phone 1‑866‑732‑8683.
• Non‑registered holders – vote online at www.proxyvote.com or via broker‑provided telephone number.
• Proxy Deadline: Oct 31, 2025 at 10:00 a.m. Vancouver time (may be waived by EM X).
• Voting Assistance: Laurel Hill Advisory Group (toll‑free 1‑877‑452‑7184; international +1 416‑304‑0211; email [email protected]) will provide support and use Broadridge’s Quickvote™ for phone voting.
• Logistics Note: Due to the Canada Post strike, shareholders should use courier services or hand‑deliver documents to Computershare Investor Services Inc., 320 Bay St., Toronto.
• Key Executives Contacted: David M. Cole (President & CEO), Stefan Wenger (CFO), Isabel Belger (Investor Relations).

Notable Quotes

“We are pleased with the positive recommendations from ISS and other leading proxy advisory firms. Their support reinforces our view that the proposed Arrangement with Elemental Altus represents a compelling opportunity for Shareholders.” – David Cole, President & CEO

The release contains forward‑looking statements regarding the anticipated benefits of the arrangement, risks to closing, and potential impacts on the combined company’s operations and financial condition.