On September 4, 2025, Elemental Altus Royalties Corp. and EMX Royalty Corporation entered into a definitive arrangement agreement pursuant to which Elemental Altus will acquire all of the issued and outstanding common shares of EMX in an all-share transaction by way of a court-approved plan of arrangement.
Concurrently with and in support of the transaction, Tether Investments S.A. de C.V. and Elemental Altus have entered into a subscription agreement dated September 4, 2025, pursuant to which, among other things, Tether has agreed to purchase approximately 75,000,000 Elemental Altus Shares at a price of C$1.84 per share for aggregate gross proceeds of US$100 million.
The merged company will continue under the new name Elemental Royalty Corp and be positioned as a new mid-tier streaming and royalty company.
Cassels is acting for EMX.