Elemental Royalty Corp

Key Strategic Developments

Q1 2026 was a period of continued strategic execution for Elemental, building on the transformational steps completed in 2025 and further strengthening the Company's position as a growing mid-tier royalty and streaming company. Key developments during and subsequent to the quarter included:

• Achieved a historic milestone by declaring an inaugural annual dividend of US$0.12 per share, payable quarterly to qualifying shareholders in either cash or Tether Gold XAU₮ tokens, reflecting management's confidence in the sustainability of the Company's cash flow profile while maintaining capacity for dividend growth in the coming quarters.

• Strengthened financial capacity through an upsized revolving credit facility of US$150 million with a US$50 million accordion feature, providing up to US$200 million of additional capital to provide increased financial flexibility and support for more material future transactions.

• Benefited from advancement across key royalty assets, including Timok, Caserones, Karlawinda, and Laverton, where operators continued to progress development, optimization, production, and exploration activities that support near-term cash flow visibility and long-term portfolio optionality.

• Continued to evaluate a pipeline of potential royalty and streaming opportunities across precious and base metals, supported by an enhanced balance sheet, diversified portfolio, and disciplined capital allocation approach.