Neutral
Newsfile Corp
1 month ago
Elemental Royalty to Acquire Vizsla Royalties, Securing Long-Life Royalty Exposure to the Panuco Silver-Gold Project
Denver, Colorado and Vancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - Elemental Royalty Corporation (TSX: ELE) (NASDAQ: ELE) ("Elemental") and Vizsla Royalties Corp. (TSXV: VROY) (OTCQX: VROY) ("Vizsla Royalties", and together with Elemental, the "Companies") together announce that they have entered into a definitive agreement (the "Arrangement Agreement") on May 13, 2026, pursuant to which Elemental will acquire all of the issued and outstanding common shares of Vizsla Royalties (the "Vizsla Royalties Shares") by way of a court-approved plan of arrangement (the "Transaction"). Under the terms of the Arrangement Agreement, each Vizsla Royalties shareholder ("Vizsla Royalties Shareholder") will have the option to elect to receive, for each Vizsla Royalties Share, (i) 0.15 common shares of Elemental ("Elemental Shares"), (ii) C$4.13 in cash, or (iii) a combination thereof, subject to rounding and proration, based on a maximum total cash consideration of approximately C$82 million as detailed below.