Elemental Royalty (ELE) Corporate presentation summary

Investment highlights

• Gold-focused royalty portfolio with direct exposure to commodity prices and a globally diversified asset base managed by top-tier operators.

• Near-term catalysts include a robust development pipeline and the announcement of an inaugural dividend of US$0.12/share, with an option for Tether Gold XAUT Token.

• Major shareholder Tether International provides strong support, including a US$100m private placement and a 32% ownership stake.

• Management team has a proven track record in sourcing high-return transactions and delivering growth.

Portfolio overview and performance

• Portfolio includes over 200 royalties, with 71% of assets cash-generating and 66% focused on precious metals.

• FY2025 revenue reached US$49.2m, with combined FY revenue (post-EMX merger) at US$87.2m and 14,285 GEOs sold.

• Key producing assets include Caserones, Karlawinda, Timok, and Laverton, each contributing significant revenue and growth potential.

• Strong organic growth is projected, with annual GEO sales expected to rise from 14.3k in 2025 to over 30k by 2030.

Cornerstone and producing royalties

• Caserones (Chile): 1.3036% NSR, 2025 revenue US$9.2m, with ongoing expansion drilling and strong production performance.

• Timok (Serbia): 0.3625% NSR, 2025 revenue US$1.1m, with plant expansion and new discoveries driving future growth.

• Karlawinda (Australia): 2% NSR, 2025 revenue US$8.9m, with mill expansion to increase production to ~150koz Au/year.

• Laverton (Australia): 2-4% GRR, project acquired by Genesis Minerals, with an updated growth plan due in Q3 2026.

• Additional producing royalties include Leeville, Bonikro, Gediktepe, Chapi, Ballarat, and Balya, each with recent or upcoming catalysts.