Elemental Royalty Provides Portfolio Update

Elemental Royalty’s portfolio update highlights material project progress and corporate transactions that should derisk and potentially accelerate near- and mid-term revenue. Key operational milestones include the Karlawinda expansion (aiming for ~150,000 oz/year with commissioning expected in Q3 2026 and 30,358 oz produced in the March quarter), Viscaria entering construction targeting first production in 2028 (~26,000 tpa copper), Diablillos’ approval under Argentina’s RIGI advancing it toward a construction decision in 2026, and an updated Mactung feasibility study (target H1 2027) supported by a C$61.5m private placement. Multiple asset ownership changes (Allied→Zijin, Pasofino→Mansa, Arizona Sonoran→Hudbay, Pickle Crow→Bellavista) reduce execution risk for several royalty-covered projects. Overall, the release signals a bullish outlook for Elemental’s royalty cashflows and project optionality as development milestones, financing and corporate consolidations progress.