Elemental Royalty Corp (ELE) Form 6-K — Oct 26, 2026
Elemental Royalty Corporation has completed the acquisition of four of five royalty and streaming assets from funds managed by Orion Mine Finance, paying US$188 million in cash and issuing 3,942,881 common shares, with the fifth asset (Snowy River gold stream) expected to close in Q1 2027. Alongside the acquisition, Elemental upsized its revolving credit facility from US$150 million to US$250 million with a further US$50 million accordion, arranged through National Bank of Canada, CIBC, and Scotiabank at SOFR plus 2.25%-3.5% over a three-year term.
Key figures
- Debt Amount
- 250000000
- Cash Position
- 0
- Deal Value Usd
- 290000000
- Shares Offered
- 3942881
- Shares Outstanding
- 76471207
- Accordion usd
- 500000000
- Interest rate
- SOFR plus 2.25%-3.5%
- Prior facility usd
- 150000000
- Facility term years
- 3
- Cash consideration usd
- 188000000
- La negra throughput tpd
- 2500
- La negra mine life years
- 8.2
- La negra drill program meters
- 15000
- La negra annual production moz ageq
- 4.1
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