Elemental Royalty Corp.
Summary:
Elemental is a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of approximately 20 producing assets and more than 260 royalties, anchored by cornerstone assets and operated by world-class mining partners. The Company’s disciplined capital allocation and investment strategy combines immediate cash flow with significant embedded growth, providing a differentiated pathway to long-term value creation. Elemental benefits from a high-quality and diversified asset base, strong organic growth potential and sector-leading management expertise.
Investor Highlights:
- Gold-focused portfolio with direct exposure to commodity prices
- Globally diversified asset base with best-in-class operators and near-term catalysts supporting development pipeline
- Disciplined capital allocation across acquisition and shareholder returns
Management:
Frederick Bell is an international mining executive with 15 years of experience working with companies in the UK, Canada and Australia. He co-founded Elemental Royalties as a private company and has advanced it through Listing in 2020 and subsequent mergers with Altus Strategies PLC in 2022 and EMX Royalty Corp. in 2025. Prior to Elemental, he was Managing Director of a UK-listed gold exploration company, Goldcrest Resources PLC and General Manager of an ASX-listed uranium exploration company, Resource Star Ltd. Frederick received the ‘Young Rising Star’ Award at Mines & Money 2018, holds a Master of Arts in History from the University of Edinburgh and was on the founding committee of Young Mining Professionals in London.
Stefan Wenger is a senior executive with over 25 years of experience working in various leadership roles and was Chief Financial Officer and Treasurer of Royal Gold, Inc. from July 2003 to June 2018. Royal Gold is a Denver-based publicly traded company engaged in the acquisition and management of precious metals streams and royalties. During his time at Royal Gold, Stefan led the company in raising over $2 billion in the equity and debt capital markets, managed a $1 billion revolving credit facility and stewarded strategic relationships with a syndicate of global banks. In his role he was active in all financial aspects of corporate M&A, investor relations and corporate strategy, and was instrumental in developing a tax structure for Royal Gold that provided for significant growth internationally. Prior to joining Royal Gold, Mr. Wenger worked in public accounting from 1995 to 2003 as an auditor with PricewaterhouseCoopers LLP and Arthur Andersen LLP.