ELEMENTAL ALTUS SHAREHOLDERS OVERWHELMINGLY APPROVE ALL RESOLUTIONS AT SPECIAL MEETING

Executive Summary

• Shareholders overwhelmingly approved a related‑party private placement of 7,502,502 common shares at $18.38 CAD per share, raising approximately $137.9 M CAD (~US$100 M).
• The same meeting approved Tether Investments as the Company’s “Control Person” and authorized a name change to Elemental Royalty Corp.
• Approvals clear the path for the pending merger (“Arrangement”) with EMX Royalty Corporation, which is expected to close by mid‑November 2025 subject to court, regulatory and exchange approvals.

Key Details

• Financing: 7,502,502 common shares sold to Tether Investments S.A. de C.V. at $18.38 CAD (US$13.33) per share; aggregate gross proceeds of $137,896,000 CAD (~US$100 M).
• Control Person Resolution: 99.71% of votes in favour of appointing Tether as Control Person.
• Name Change Resolution: 99.97% of votes approved alteration of the notice of articles to change the Company’s name to “Elemental Royalty Corp.” (or other board‑determined name).
• Voting Participation: 18,746,531 shares voted, representing ~75.7% of issued and outstanding common shares.
• Merger Arrangement: The financing is part of the definitive agreement whereby Elemental Altus will merge with EMX Royalty Corp., creating a combined entity holding 16 producing assets and >200 royalties worldwide.
• Closing Conditions: Final order from the Supreme Court of British Columbia (hearing expected Nov 7, 2025), TSX‑V approval, U.S. exchange listing conditional approval, and satisfaction/waiver of customary closing conditions. Expected close: mid‑November 2025.
• Strategic Rationale: Combines Elemental Altus’s royalty acquisition focus with EMX’s royalty generation expertise to deliver immediate cash flow and long‑term value creation.

Notable Quotes

“This merger unites Elemental Altus's focus on accretive royalty acquisition and EMX's strengths in royalty generation and disciplined growth, underpinning a strategy to provide both immediate cash flow and long‑term value creation.” – Frederick Bell, CEO