Elemental Royalty Corp (ELE) Form 6-K — Oct 1, 2026
Elemental Royalty Corp has signed definitive agreements to acquire a portfolio of five precious metals streams and royalties from funds managed by Orion Mine Finance for total consideration of US$290 million, comprising US$200 million cash and US$90 million in shares (about 5.6% of shares outstanding). The assets include a 50% silver stream on i-80 Gold's Ruby Hill Complex and a 5% gold stream on Mansa Resources' Kouroussa Mine, which will rank in the top five and top ten assets in Elemental's portfolio respectively. The transaction provides immediate cash flow from Kouroussa, La Negra, and Ruby Hill from day one, with development catalysts at Snowy River and the Homestake District.
Key figures
- Debt Amount
- US$100 million increase to revolver (US$150M to US$250M, US$50M accordion retained for US$300M potential capacity)
- Deal Value Usd
- 290000000
- Five day vwap
- $20.9836
- Expected close
- Q4 2026 (Snowy River up to Q1 2027)
- Assets acquired
- five streams and royalties
- Dilution percent
- approximately 5.6%
- Cash consideration
- US$200 million
- Consideration shares
- 4031720
- Equity consideration
- US$90 million
- Consideration share value agreement
- 84600000
AI analysis
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