Predictive Discovery Limited

Elemental Royalty Corp – US$290 Million Acquisition of 5 Streams & Royalties, Generation Divestment

Elemental Royalty buys five gold and silver streams and royalties for US$290 million, adding scale, producing assets, and North American and West African exposure. The Kouroussa stream sits over the mine's mill, so future ore from any new licenses Mansa consolidates automatically pays Elemental. Spinning the Generation exploration business into Carlin East trims staff from about 45 to 20 and cuts G&A (overhead costs) by over 25%. Gold-equivalent ounce (GEO — production stated in gold terms) revenue is guided from about 20,000 ounces this year toward 50,000 by 2031. Portfolio quality is compounding: the average value of Elemental's top eight assets climbed from roughly $35 million to about $170 million in 15 months.