Elemental Royalty gets Mexico antitrust nod for Vizsla

Q: What assets will Elemental Royalty (ELE) gain from acquiring Vizsla Royalties?

Elemental will gain exposure to Vizsla Royalties’ 2.0%–3.5% net smelter returns royalties on Vizsla Silver’s Panuco silver-gold project in Mexico. These Panuco Royalties are described as life-of-mine interests with no caps, buybacks or step-downs.

Q: How important are the Panuco Royalties to Elemental Royalty (ELE)?

Elemental states that the Panuco Royalties will be cornerstone assets in its portfolio. They provide life-of-mine royalty exposure on the Panuco project’s existing resources, adding long-duration silver-gold revenue potential to the company’s royalty base.

Q: When is the Elemental Royalty (ELE) and Vizsla Royalties transaction expected to close?

Elemental indicates the transaction is anticipated to be completed shortly, subject to the satisfaction or waiver of all remaining conditions precedent under the Arrangement Agreement dated May 13, 2026.

Mexican antitrust clearance removes the last regulatory hurdle for Elemental Royalty’s acquisition of Vizsla Royalties and its cornerstone Panuco silver-gold royalties.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

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Form Type

6-K

Rhea-AI Filing Summary

Elemental Royalty Corporation (ELE) reports that Mexico’s antitrust agency, the Comisión Nacional Antimonopolio, has granted clearance for Elemental’s acquisition of Vizsla Royalties Corp. This is described as the final regulatory milestone needed to complete the transaction.

The deal gives Elemental exposure to Vizsla Royalties’ 2.0%–3.5% net smelter returns royalties on Vizsla Silver Corp.’s Panuco silver-gold project in Mexico. These Panuco Royalties are life-of-mine interests with no caps, buybacks or step-downs and will be cornerstone assets in Elemental’s portfolio. Elemental characterizes itself as a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties.

Positive

Mexican antitrust approval clears final regulatory hurdle for Elemental’s acquisition of Vizsla Royalties, allowing the transaction to proceed toward closing.
The acquisition adds 2.0%–3.5% net smelter returns royalties on the Panuco silver-gold project, described as life-of-mine, uncapped and without buybacks or step-downs, enhancing long-term royalty exposure.
Elemental highlights a globally diversified portfolio of 18 producing assets and more than 200 royalties, which the company positions as supporting both immediate cash flow and long-term value creation.

Negative

None.

Filing Explained

Although Elemental Royalty received Mexican antitrust clearance on September 8, 2026, the Vizsla Royalties acquisition was not yet complete: closing remained subject to satisfaction or waiver of all conditions precedent and was only anticipated shortly.

Key Figures

Panuco net smelter returns royalties: 2.0%–3.5% Producing assets in portfolio: 18 assets Total royalties in portfolio: More than 200 royalties +2 more

5 metrics

Panuco net smelter returns royalties 2.0%–3.5% Royalty range on Vizsla Silver Corp.’s Panuco silver-gold project in Mexico

Producing assets in portfolio 18 assets Elemental Royalty’s globally diversified portfolio of producing assets

Total royalties in portfolio More than 200 royalties Elemental Royalty’s broader royalty portfolio

Arrangement Agreement date May 13, 2026 Date of the Arrangement Agreement governing the Vizsla Royalties transaction

Mexican antitrust clearance date September 8, 2026 Date of announced clearance by the Comisión Nacional Antimonopolio

Key Terms

net smelter returns royalties, life-of-mine interests, Qualified Person, NI 43-101, +1 more

5 terms

net smelter returns royalties financial

"exposure to Vizsla Royalties' 2.0% to 3.5% net smelter returns royalties"

A net smelter returns (NSR) royalty is a share of the money a miner receives from selling metal or mineral products, paid to the owner of the land or mineral rights and calculated after deducting costs like smelting, refining and transport. Think of it as a landlord taking a fixed percentage of the tenant’s net sales rather than rent; for investors, NSR royalties reduce a mine’s cash flow and project value because they are an ongoing production-based cost that lowers profits and affects valuation and deal terms.

life-of-mine interests financial

"life-of-mine interests with no caps, buybacks or step-downs"

Qualified Person technical

"a "Qualified Person" as defined in NI 43-101"

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

NI 43-101 regulatory

"a "Qualified Person" as defined in NI 43-101"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

forward-looking statements regulatory

"This news release contains certain "forward looking statements""

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Elemental Royalty (ELE) announce regarding Mexican antitrust approval?

Elemental Royalty announced that Mexico’s antitrust agency, the Comisión Nacional Antimonopolio, granted clearance for its acquisition of Vizsla Royalties. The company states this approval is the final regulatory milestone needed before completing the transaction.

What assets will Elemental Royalty (ELE) gain from acquiring Vizsla Royalties?

Elemental will gain exposure to Vizsla Royalties’ 2.0%–3.5% net smelter returns royalties on Vizsla Silver’s Panuco silver-gold project in Mexico. These Panuco Royalties are described as life-of-mine interests with no caps, buybacks or step-downs.

How important are the Panuco Royalties to Elemental Royalty (ELE)?

Elemental states that the Panuco Royalties will be cornerstone assets in its portfolio. They provide life-of-mine royalty exposure on the Panuco project’s existing resources, adding long-duration silver-gold revenue potential to the company’s royalty base.

When is the Elemental Royalty (ELE) and Vizsla Royalties transaction expected to close?

Elemental indicates the transaction is anticipated to be completed shortly, subject to the satisfaction or waiver of all remaining conditions precedent under the Arrangement Agreement dated May 13, 2026.

How large is Elemental Royalty’s (ELE) existing portfolio?

Elemental describes itself as a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, formed through the merger of Elemental Altus and EMX.

Who reviewed the technical information in Elemental Royalty’s (ELE) announcement?

The scientific and technical information was reviewed and approved by Michael Sheehan, an employee of Elemental and a “Qualified Person” under NI 43-101, according to the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 09/08/2026 - 04:51 PM EDT Accepted by SEC EDGAR 09/08/2026 - 04:51 PM EDT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-42900

Elemental Royalty Corporation
(Translation of registrant's name into English)

10001 W. Titan Road
Littleton, Colorado, United States of America 80125
Phone: +1 (303) 973-8585
(Address and Telephone Number of Registrant's Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

SUBMITTED HEREWITH

Exhibits

Exhibit		Description

99.1		News Release dated September 8, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Elemental Royalty Corporation
	(Registrant)

Date: September 8, 2026	By:	/s/ Rocio Echegaray
		Rocio Echegaray
	Title:	Corporate Secretary

ELEMENTAL ROYALTY RECEIVES MEXICAN ANTITRUST APPROVAL FOR THE ACQUISITION OF VIZSLA ROYALTIES

September 8, 2026 - Denver, Colorado: Elemental Royalty Corporation (NASDAQ: ELE, TSX: ELE) ("Elemental" or "the Company") is pleased to announce the receipt of the clearance decision from Mexico's Antitrust agency, the Comisión Nacional Antimonopolio ("CNA") with respect to the Company's acquisition of Vizsla Royalties Corp. (TSX-V: VROY; OTCQX: VROY) ("Vizsla Royalties") (the "Transaction").

The Transaction provides Elemental with exposure to Vizsla Royalties' 2.0% to 3.5% net smelter returns royalties (the "Panuco Royalties") on Vizsla Silver Corp.'s Panuco silver-gold project in Mexico. The Panuco Royalties will be cornerstone assets in the Elemental portfolio and are life-of-mine interests with no caps, buybacks or step-downs, covering the entire existing resources at Panuco.

Elemental Chief Executive, David M. Cole, commented: "Receiving Antitrust approval is the final regulatory milestone needed to complete the acquisition of Vizsla Royalties, and we look forward to announcing the closing of the Transaction soon."

Next Steps and Timing

Subject to the satisfaction or waiver of all conditions precedent to the Arrangement, the Transaction is anticipated to be completed shortly.

Further details of the Transaction are set out in the Arrangement Agreement dated May 13, 2026, and the management information circular of Vizsla Royalties prepared in connection with the Transaction, each of which is available under Vizsla Royalties' profile on SEDAR+ at www.sedarplus.ca.

Technical Disclosure and Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Michael Sheehan, an employee of the Company and a "Qualified Person" as defined in NI 43-101.

For further information contact:

Elemental Royalty Corporation:

David M. Cole	Tara Vivian-Neal,
CEO	Investor Relations
info@elementalroyalty.com	investor@elementalroyalty.com

www.elementalroyalty.com

Phone: +1 (604) 688-6390

NASDAQ: ELE | TSX: ELE | ISIN: CA28620K1066 | CUSIP: 28620K

About Elemental Royalty Corporation.

Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus's track record of accretive royalty acquisitions with EMX's strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental Royalty trades on NASDAQ and on the TSX under the ticker symbol "ELE".

Elemental Royalty Corporation | www.elementalroyalty.com

info@elementalroyalty.com

Cautionary note regarding forward-looking statements and financial outlook

This news release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable United States and Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology (including negative and grammatical variations thereof).

Forward-looking statements and information include, but are not limited to, statements regarding future royalties and future consideration payments or issuances of shares, or other statements that are not statements of fact. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental to control or predict, that may cause Elemental's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Elemental's expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental for the year ended December 31, 2025. Elemental undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represent management's best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Neither the Nasdaq Stock Market LLC, or the TSX, or its Regulation Service Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.