Elemental Altus Announces Filing and Sending of Meeting Materials in Connection with Its Special Meeting of Shareholders to Approve Tether Financing and Steps in Connection with Access to Meeting Materials During Postal Strike
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Elemental Altus Royalties Corp. | 1020 - 800 West Pender Street | Vancouver, BC | V6C 2V6 | Canada
ELEMENTAL ALTUS ANNOUNCES FILING AND SENDING OF MEETING MATERIALS IN CONNECTION WITH
ITS SPECIAL MEETING OF SHAREHOLDERS TO APPROVE TETHER FINANCING AND STEPS IN
CONNECTION WITH ACCESS TO MEETING MATERIALS DURING POSTAL STRIKE
October 3, 2025 – Vancouver, BC: Elemental Altus Royalties Corp. (“ Elemental Altus ” or the
“Company”) (TSX-V: ELE, OTCQX: ELEMF) is pleased to announce that today in connection with the
previously announced concurrent financing (the “ Financing”) with Tether Investments S.A. de C.V
(“Tether”) announced in connection with the proposed acquisition all of the issued and outstanding
common shares of EMX Royalty Corporation pursuant to a court-approved plan of arrangement,
Elemental Altus has filed, posted online and commenced delivery via courier of the management
information circular of the Company (the “ Circular”) and related documents (collectively, the
“Meeting Materials ”) for the November 4, 2025 special meeting (the “ Meeting”) of holders of
common shares (the “ Shareholders”) of Elemental Altus that will be held at Suite 1020 – 800 West
Pender Street, Vancouver, British Columbia, V6C 2V6 at 10:00 a.m. (Vancouver time). This press
release contains important information regarding how to access the Meeting Materials and vote
your common shares of Elemental Altus on the Meeting matters.
As further described in the Circular, in connection with the Meeting, Shareholders are being asked to
consider and, if deemed advisable, to pass, with or without variation, the following matters:
an ordinary resolution of disinterested Shareholders approving Tether as a “Control Person”
of the Company (as such term is defined in TSX Venture Exchange Policy 1.1);
an ordinary resolution in accordance with the ‘majority of the minority’ shareholder approval
requirements set forth in Part 8 of Multilateral Instrument 61-101 – Protection of Minority
Security Holders in Special Transactions and TSX Venture Exchange Policy 5.9, approving the
Financing, which is a “related party” private placement of 7,502,502 common shares of
Elemental Altus at a price of $18.38 (or US$13.331) per common share to Tether for aggregate
gross proceeds of approximately $137,896,000 (or approximately US$100,000,000);
a special resolution authorizing the alteration of the notice of articles of the Company to effect
the change of the Company’s name to “Elemental Royalty Corp.”, or such other name as the
board of directors of the Company deems appropriate or as may be required or permitted by
applicable regulatory authorities.
Elemental Altus has elected to deliver the Meeting Materials to Shareholders using the “notice-and-
access” procedures available under Canadian securities laws. The Meeting Materials are posted on
Elemental Altus’ website at https://elementalaltus.com/announced-merger/, which can be accessed
from its homepage at https://elementalaltus.com, and are available under Elemental Altus’ profile on
the SEDAR+ website at www.sedarplus.ca. The Meeting Materials are also available for delivery to
Shareholders by courier or by email upon request made to Elemental Altus by email at
[email protected], or by telephone at +1 604 646 4527. Shareholders of record as of the close
of business on September 25, 2025 have the right to receive notice of, and to vote at, the Meeting,
and are encouraged to review the Meeting Materials carefully.
1 Exchange rate of C$1.00 = US$0.7231, being the indicative exchange rate for Canadian dollars in terms of the United States dollar, as quoted
by the Bank of Canada on September 4, 2025.
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Elemental Altus Royalties Corp. | 1020 - 800 West Pender Street | Vancouver, BC | V6C 2V6 | Canada
As a result of the ongoing postal strike in Canada (the “Postal Strike”), the mailing and delivery of the
Meeting Materials has been interrupted. Elemental Altus has implemented certain measures with the
goal of ensuring that the Meeting Materials can be accessed by Shareholders and that Shareholders
are able to deliver or transmit their respective form or proxy, voting instruction form, or other
information required to vote on the Meeting matters, in each case within the required time period
and at no cost to the Shareholders, including by providing for the submission of proxies or voting
instructions online or by telephone, as set out below. Elemental Altus has arranged for the following:
delivery by courier of the applicable Meeting Materials to its non-registered Shareholders in
Canada using a pre-determined threshold of common shares of Elemental Altus held;
delivery by courier of the applicable Meeting Materials to all registered Shareholders in Canada;
emailing of the applicable Meeting Material to Shareholders with available email addresses;
publication of an advertisement in The Globe & Mail newspaper dated October 3, 2025 providing
information on how to access the Meeting Materials and vote on the Meeting matters;
posting the Meeting Materials at https://elementalaltus.com/announced-merger/ and providing
on its homepage at https://elementalaltus.com a specific link to access this page, the Meeting
Materials, and instructions on how to vote; and
dissemination of this press release.
There is no anticipated interruption or delay in the delivery of Meeting Materials to U.S. Shareholders.
How to Vote
Shareholders are encouraged to vote well in advance of the Meeting in accordance with the
instructions on their form of proxy or voting instruction form. If you have received a form of proxy or
voting instruction form, you are encouraged to vote in accordance with the instructions contained
therein.
Forms of proxy and voting instruction forms are customized to each Shareholder, containing a control
number unique to the Shareholder that is required in order to vote online or by telephone. As a result
of the Strike, some non-registered Shareholders may not receive their voting instruction form,
meaning that such Shareholders will have to obtain their control number from and by contacting their
broker or other intermediary (where their common shares of Elemental Altus are held). Non-registered
Shareholders should contact the proxy department at their broker or other intermediary who can
assist them with obtaining their control number and with the voting process.
Registered Shareholders can call Computershare (Elemental Altus’ transfer agent) at 1-800-564-6253
to obtain their control number to vote online.
The deadline for Shareholders to return their completed proxies or voting instruction forms is October
31, 2025 at 10:00 a.m. (Vancouver time); however, Elemental Altus has determined to waive the proxy
cut off time in light of the Strike until the close of business (Vancouver time) on November 3, 2025,
being the day prior to the Meeting date. Shareholders who hold their shares with a broker or other
intermediary may be required to return their voting instruction form in advance of this deadline to be
included in the vote.
While the Postal Strike is conƟnuing, Elemental Altus recommends that Shareholders use the online
or telephone vo Ɵng methods listed below, or return their proxies or vo Ɵng instrucƟon forms via
courier, to ensure votes are received. Shareholders can contact Elemental Altus at
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Elemental Altus Royalties Corp. | 1020 - 800 West Pender Street | Vancouver, BC | V6C 2V6 | Canada
[email protected] or by telephone at +1 604 646 4527 for informaƟon on how to submit their
proxies or voƟng instrucƟon forms using the online or telephone voƟng methods listed below.
Voter Online Telephone
Registered Shareholders
Shares held in own name and
represented by a physical
certificate or DRS statement
and have a 15-digit control
number (control number is
printed on form of proxy or,
if form of proxy has not been
received, can be obtained by
contacting Computershare
at 1-800-564-6253)
Online at
www.investorvote.com using
your computer or smartphone
and your 15-digit control
number.
1-866-732-VOTE (8683)
Non-Registered
Shareholders
Shares held with a broker,
bank or other intermediary
and have a 16-digit control
number (control number is
printed on voting instruction
form or, if voting instruction
form has not been received,
can be obtained by
contacting your broker or
other intermediary)
Online at www.proxyvote.com
using your computer or
smartphone and your 16-digit
control number.
(English) 1-800-474-7493
(French) 1-800-474-7501
On Behalf of Elemental Altus
Frederick Bell
CEO
Shareholder questions, as well as corporate & media inquiries, should be directed to:
Tel: +1 604 646 4527
www.elementalaltus.com
TSX-V: ELE | OTCQX: ELEMF | ISIN: CA28619K2083 | CUSIP: 28619K208
About Elemental Altus Royalties Corp.
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Elemental Altus Royalties Corp. | 1020 - 800 West Pender Street | Vancouver, BC | V6C 2V6 | Canada
Elemental Altus is an income generating precious metals royalty company with 10 producing royalties
and a diversified portfolio of pre-production and discovery stage assets. The Company is focused on
acquiring uncapped royalties and streams over producing, or near-producing, mines operated by
established counterparties. The vision of Elemental Altus is to build a global gold royalty company,
offering investors superior exposure to gold with reduced risk and a strong growth profile.
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary note regarding forward-looking statements
This news release contains “forward-looking information” within the meaning of applicable Canadian
securities laws and “forward-looking statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995, (together, “forward-looking statements”), concerning the
Company. Forward-looking information in this press release may include, without limitation,
statements relating to the date of the Meeting, the delivery and filing of the Meeting Materials, the
proxy/voting instruction form delivery cut-off time and date, the approval of the Financing by the
Shareholders, and the Strike. Generally, forward-looking statements can be identified by the use of
forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,”
“scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” “believes,”
“projects” or variations of such words and phrases or state that certain actions, events or results “may,”
“could,” “would,” “might” or “will be taken,” “occur” or “be achieved.” Forward-looking statements
are based on the opinions and estimates of management as of the date such statements are made,
and they are subject to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward- looking statements, including, but not limited to, the
impact of general business and economic conditions, activities by governmental authorities (including
changes in taxation), uncertainties related to the Strike, the anticipated availability of Meeting
Materials and voting methods, the ability of intermediaries to meet their delivery obligations under
securities laws and the date of the Meeting. Although management of the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company
cautions readers not to place undue reliance on forward-looking statements, as forward-looking
statements involve significant risks and uncertainties. Forward-looking statements should not be read
as guarantees of future performance or results and will not necessarily be accurate indications of
whether or not the times at or by which such performance or results will be achieved. The Company
does not undertake to update any forward-looking statements except in accordance with applicable
Canadian securities laws. Readers are directed to the Company’s Annual Information Form dated
August 18, 2025, filed under the Company’s profile on SEDAR+ (www.sedarplus.ca) for a complete list
of applicable risk factors.