# Elemental Royalty Completes First Close for Four Orion Royalty Assets

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/42173
Published: 2026-10-28T00:41:51.000Z
Updated: 2026-10-28T00:41:51.000Z
Section: Business

> Elemental paid $188 million in cash and issued 3,942,881 shares. The Snowy River stream remains subject to a separate closing and New Zealand approvals.

Elemental Royalty Corporation completed the first close of its Orion portfolio acquisition on Monday, Oct. 26, bringing four of five royalty and streaming assets into the company’s portfolio.

Elemental paid $188 million in cash and issued 3,942,881 shares for the four assets. The acquisition closed after the third quarter ended Sept. 30, 2026. The company also increased its credit facility from $150 million to $250 million, with a further $50 million accordion feature.

The remaining asset, the Snowy River stream, is expected to close separately in the first quarter of 2027, subject to New Zealand approvals.

For the three months ended June 30, 2026, Elemental recorded revenue of $23.8 million, sold 5,248 gold equivalent ounces (GEOs), generated $15.5 million in operating cash flow and posted $17.4 million in adjusted EBITDA. Its 2026 guidance calls for 17,000 to 21,000 GEOs and revenue of $76.5 million to $94.5 million.