Denver, Colorado — February 19, 2026 — Leads & Copy — Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) has finalized the sale of its Nordic operational platform to Goldsky Resources Corp. (TSXV: GSKR), according to a news release.
The sale to Goldsky, formerly known as First Nordic Metals Corp., includes Elemental’s regional infrastructure, exploration equipment, and employees across the Nordic countries. Goldsky is a longstanding partner and operator on multiple Elemental royalty properties in Sweden and Finland.
Elemental will retain its existing royalty portfolio, mineral properties, and exploration permits in the region. The transaction does not include the transfer of any Elemental mineral properties, exploration permits/licenses, or Elemental’s existing royalty portfolio in the region.
As a key consideration for the sale, Elemental will receive a 1% net smelter return (NSR) royalty on the proceeds from production on any newly generated projects in Sweden and Finland by Goldsky, or its affiliates, over the next five years.
Elemental will receive staged payments totaling 3,247,000 SEK (approximately US$360,000) over two years. The payment schedule is as follows:
– 1,052,000 SEK (~US$117,000) has now been paid following TSX Venture Exchange (TSXV) approval, satisfied by the issuance of 20,138 shares of Goldsky (at a deemed price per Goldsky share of C$3.98) and a payment of C$80,215 in cash;
– 1,195,000 SEK (~US$132,000) will be paid (597,500 SEK to be paid in cash and 597,500 SEK to be satisfied through the issuance of Goldsky shares) on the first anniversary of closing; and
– 1,000,000 SEK (~US$111,000) will be paid (500,000 SEK to be paid in cash and 500,000 SEK to be satisfied through the issuance of Goldsky shares) on the second anniversary of closing.
The deemed issue price of the Goldsky shares issued shall be the greater of: (i) C$1.26; and (ii) the volume weighted average price of the Goldsky shares on the TSXV over the 10 consecutive trading days preceding their date of issue.
Elemental will retain a 1% NSR royalty on any new projects organically generated by Goldsky in Sweden and Finland within five years.
The completion of this transaction is part of Elemental’s broader initiative to streamline global operations while retaining royalty upside exposure to future exploration success. The Company has conducted generative exploration in the Nordic region for more than 15 years and throughout this period, has built a broad portfolio of royalties, all of which will remain in the Elemental portfolio.
The transaction was a non-arm’s length transaction as a result of the parties having a director in common and was therefore subject to acceptance of the TSX-V, which has since been obtained.
Elemental Royalty is a gold-focused streaming and royalty company with a globally diversified portfolio of 16 producing assets and more than 200 royalties. 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. Elemental Royalty trades on the TSX Venture Exchange and on NASDAQ under the ticker symbol “ELE”.
Source: Elemental Royalty Corporation
