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Tender your Shares to the Premium Gold Royalty Offer

Investor Call – Jan. 12, 2022

Gold Royalty’s Premium Offer for Elemental

The Offer Consideration
  • 0.27 of a common share of Gold Royalty in respect of each common share of Elemental held. 

 

Reasons to Tender

Significant Upfront Premium to Elemental Shareholders

  • Immediate premium of 37% based on December 17, 2021 closing prices
  • Implied offer price of C$1.78 per share exceeds Elemental’s 2021 peak share price

Creation of a Sector-Leading Portfolio

  • The combined entity will have a balanced portfolio of 200 royalties across cash flowing, development and exploration assets, focused in Tier 1 jurisdictions

Enhanced Trading Liquidity

  • Gold Royalty has averaged ~US$3.2 mm of daily trading liquidity over the past 6 months, compared to ~US$62 thousand for Elemental over the same period.

Financial Strength

  • Gold Royalty currently has approximately US$37 million in cash and marketable securities and no debt as at January 11, 2022.
  • Demonstrated ability to access equity and debt markets

Management Track Record

  • Gold Royalty has a management team with deep mining and capital markets expertise and an established track record of success
  • Proven team to lead combined company through next stage of growth

Clear Path to Re-Rate Through Increased Scale

  • In combination with Elemental, Gold Royalty will be strategically positioned as a preeminent intermediate gold royalty company.
  • Elemental shareholders may benefit from a potential valuation re-rating as a result of the combined company's increased scale, portfolio diversification, trading liquidity, and the potential for future growth both organically and through acquisition.

 

Investor Presentation

Corporate Presentation
View Presentation

Tender Your Shares by 5:00 p.m. (Toronto time), on April 27, 2022.

 

No Offer or Solicitation

This website is for informational purposes only and does not constitute an offer to buy or sell, or a solicitation of an offer to sell or buy, any securities. Gold Royalty Corp.’s offer to acquire the outstanding common shares of Elemental Royalties Corp is being made made solely by, and subject to the terms and conditions set out in the Offer to Purchase and Circular, a copy of which is available on this website. Shareholders are urged to read such materials in their entirety as they contain important information regarding such offer.

Shareholder Questions
Contact the Offeror's Information Agent and Depositary

Laurel Hill Advisory Group

Toll Free: 1-877-452-7184
(416-304-0211 outside North America)

Email: [email protected]