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M&A / Property

Elemental Royalty Closes the Sale of Its Nordic Business Unit to Goldsky Resources

By The Northwire Desk — AI Analysis Feb 19, 2026 · 07:31 ELE · 27.98 Elemental Royalty Corporation
ELE · Price

Executive Summary

  • Elemental Royalty Corporation completed the sale of its Nordic operational platform to Goldsky Resources Corp.
  • The transaction provides Elemental with staged cash consideration of approximately US $360,000 and an issuance of Goldsky shares, plus a 1% NSR royalty on any new projects generated by Goldsky in Sweden and Finland for five years.
  • No mineral properties or existing royalties were transferred; Elemental retains its full royalty portfolio and exploration permits in the region.

Key Details

  • Transaction Scope: Sale of Nordic regional infrastructure, exploration equipment, and employees (excluding mineral properties, exploration permits/licenses, and existing royalty portfolio).
  • Royalty Retention: 1% net smelter return (NSR) royalty on any projects generated by Goldsky (or affiliates) in Sweden and Finland for the next five years.
  • Consideration Paid to Date: SEK 1,052,000 (~US $117,000) paid at closing via issuance of 20,138 Goldsky shares (deemed price C$3.98 per share) and cash payment of C$80,215.
  • Future Staged Payments:
  • First Anniversary: SEK 1,195,000 (~US $132,000) – half cash, half Goldsky shares.
  • Second Anniversary: SEK 1,000,000 (~US $111,000) – half cash, half Goldsky shares.
  • Share Issuance Pricing: Deemed issue price = greater of C$1.26 or the VWAP of Goldsky shares on TSXV for the ten trading days preceding issuance; all issued shares subject to a statutory four‑month‑plus‑one‑day hold.
  • Regulatory Approval: Transaction deemed non‑arm’s length (common director) and approved by TSX‑V; no finder’s fee paid.
  • Strategic Rationale: Streamline global operations while maintaining upside exposure to future Nordic discoveries through the retained royalty.

Notable Quotes

  • “The completion of this transaction is part of Elemental's broader initiative to streamline global operations while retaining royalty upside exposure to future exploration success,” – David M. Cole, CEO and Director.
Read the original news release →

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