ELEMENTAL ALTUS ANNOUNCES FILING AND SENDING OF MEETING MATERIALS IN CONNECTION WITH ITS SPECIAL MEETING OF SHAREHOLDERS TO APPROVE TETHER FINANCING AND STEPS IN CONNECTION WITH ACCESS TO MEETING MATERIALS DURING POSTAL STRIKE

Executive Summary

• Elemental Altus filed and distributed its management information circular for a special shareholders’ meeting scheduled for November 4, 2025.
• Shareholders will vote on approving Tether Investments as a “Control Person” and on a related‑party private placement of 7,502,502 common shares at $18.38 per share, targeting gross proceeds of approximately C$137.9 million (≈US$100 million).
• The company also proposes to change its name to “Elemental Royalty Corp.” and has implemented alternative delivery/voting methods due to a nationwide postal strike.

Key Details

• Financing Terms: Private placement of 7,502,502 common shares at C$18.38 (US $13.33) per share; aggregate gross proceeds ≈ C$137,896,000 (≈ US $100,000,000).
• Control Person Approval: Ordinary resolution to designate Tether Investments S.A. de C.V. as a “Control Person” under TSX‑V Policy 1.1.
• Name Change: Special resolution to amend the notice of articles to rename the company “Elemental Royalty Corp.” (or alternative name approved by the board).
• Meeting Logistics:
• Date & Time: November 4, 2025 at 10:00 a.m. PT, Suite 1020 – 800 West Pender Street, Vancouver, BC.
• Record date for voting eligibility: close of business September 25, 2025.
• Access to Meeting Materials: Posted on the company website (https://elementalaltus.com/announced‑merger/) and SEDAR+; also available via courier, email, or telephone request.
• Postal Strike Contingency:
• Courier delivery for non‑registered Canadian shareholders meeting a share‑threshold.
• Email distribution where addresses are known.
• Advertisement in The Globe & Mail (Oct 3, 2025) providing access instructions.
• No anticipated delay for U.S. shareholders.
• Voting Procedures:
• Online voting via www.investorvote.com (registered shareholders) or www.proxyvote.com (non‑registered).
• Telephone voting: 1‑866‑732‑VOTE (registered) and 1‑800‑474‑7493/7501 (non‑registered, English/French).
• Proxy cut‑off extended to close of business November 3, 2025 (due to strike).
• Contact for Assistance: [email protected] or +1 604 646 4527.

Notable Quotes

“We have taken proactive steps to ensure shareholders can access meeting materials and vote despite the ongoing postal strike,” – Frederick Bell, CEO.