Elysee Declares a Dividend of Two Cents ($0.02) per Share and Provides Corporate Update

Rhea-AI Summary

Elysee Development Corp (ASXSF) declared a cash dividend of $0.02 per share, payable April 8, 2026 to shareholders of record March 27, 2026, eligible for Canadian tax purposes.

The company reports a cash position of approximately $6.7 million (about $0.24 per share), redeemed $1.7 million of convertible debentures in December 2025 leaving $265,000 outstanding, and expects to file audited 2025 financial statements in April 2026.

Recent portfolio gains were driven by M&A activity, including an announced Hudbay intention to acquire Arizona Sonoran at a 30% premium.

Positive

• Dividend declared: $0.02 per share payable April 8, 2026
• Cash position: approximately $6.7 million (≈ $0.24 per share)
• Debenture redemption: $1.7 million redeemed in December 2025, reducing outstanding to $265,000
• Realized M&A gains: significant portfolio gains from 2025 takeovers (multiple investee exits)

Negative

• Audited statements pending: 2025 audited financial statements expected in April 2026 (not yet filed)
• Convertible debt remains: $265,000 of convertible debentures outstanding

Vancouver, British Columbia--(Newsfile Corp. - March 3, 2026) - Elysee Development Corp. (TSXV: ELC) (FSE: QLDN) is pleased to announce that the board of directors has declared a cash dividend of two cents ($0.02) per common share.

This dividend is to be paid on April 8, 2026 to shareholders of record on March 27, 2026 and is an eligible dividend for Canadian income tax purposes.

Guido Cloetens, the President and CEO of Elysee, commented: "Fiscal 2025 was an outstanding year for Elysee, with rising precious metal and commodity prices resulting in higher stock prices and increased M&A activity. This enabled us to realize exceptional gains across our portfolio of mining stocks. This strong momentum continues in 2026."

Yesterday, Hudbay Minerals Inc. announced its intention to acquire 100% of Arizona Sonoran Copper Company Inc. at a 30% premium to the last trading price. Arizona Sonoran is one of the largest equity positions in Elysee's investment portfolio.

Also in 2025, the Company realized significant gains due to take-over offers of investee companies such as Calibre Mining Corp, Solgold Plc, MAG Silver Corp. and Probe Gold Inc., one of our significant investments that was acquired for cash by Fresnillo Plc.

In December 2025 Elysee redeemed $1.7 million of its convertible debentures, leaving only $265,000 outstanding.

The Company's current cash position is approximately $6.7 million, or 24 cents per share.

The Company expects to finalize and file the Audited Annual Financial Statements for the year ended December 31, 2025 in April 2026.

For more information on Elysee Development Corp., please visit our web site at www.elyseedevelopment.com

FOR FURTHER IN FORMATION, PLEASE CONTACT:

Guido Cloetens
President and CEO
Elysee Development Corp.
Tel: (778) 373-1562               E-mail: info@elyseedevelopment.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286033

FAQ

What dividend did Elysee (ASXSF) declare on March 3, 2026?

Elysee declared a cash dividend of $0.02 per share, payable April 8, 2026. According to the company, the dividend is eligible for Canadian income tax and record date is March 27, 2026.

When will Elysee (ASXSF) pay the declared dividend and who is eligible?

The dividend will be paid on April 8, 2026 to shareholders of record on March 27, 2026. According to the company, the distribution is an eligible dividend for Canadian tax purposes.

What is Elysee's reported cash position after the December 2025 debenture redemption?

Elysee reports approximately $6.7 million cash, or about $0.24 per share. According to the company, it redeemed $1.7 million of convertible debentures in December 2025, leaving $265,000 outstanding.

How did M&A activity affect Elysee's 2025 results and portfolio?

M&A and takeover offers produced significant realized gains across Elysee's mining equity portfolio in 2025. According to the company, exits included investees like Probe Gold, Calibre, Solgold and MAG Silver.

What happened with Arizona Sonoran and why does it matter to Elysee (ASXSF)?

Hudbay announced intent to acquire Arizona Sonoran at a 30% premium, affecting one of Elysee's largest equity positions. According to the company, this contributes to realized portfolio gains and valuation momentum.

When will Elysee (ASXSF) file its audited annual financial statements for 2025?

Elysee expects to finalize and file audited annual financial statements for the year ended December 31, 2025 in April 2026. According to the company, filing is anticipated during that month.