EMX Royalty (US:EMX)2025-09-05 15:00Transaction Summary - Elemental Altus and EMX are combining to create Elemental Royalty Corp, a leading revenue-driven royalty company[16] - Proforma market capitalization is approximately US$930 million, based on 6294 million shares outstanding and Elemental's closing price of C$205/share on September 4, 2025[17, 18] - Proforma 2026E consensus revenue is estimated to be around US$80 million[17] - Elemental Altus and EMX shareholders will own approximately 51% and 49% of the proforma company, respectively, following a placement to Tether[43] Portfolio and Assets - The combined portfolio includes 16 cash flowing royalties, 31 advanced development projects, and over 200 total royalties[22] - Cornerstone assets include Caserones, Karlawinda, Laverton, and Timok[19] - The company has a diversified jurisdictional exposure with 45% of the portfolio being cash generating[24] Financial Performance and Growth - The company has a track record of revenue growth, with approximately 57% of total year revenues already earned in H1 2025[27] - Karlawinda Ore Reserve Estimate increased by 15% to 1428 koz of gold[59] - Timok has generated over US$17 million in cumulative revenue since 2021[49]