EMX stock gained 2.98 percent as Elemental expanded its portfolio

EMX stock, now represented by Elemental Royalty, was last at CAD 29.35 on the TSX on September 25, 2026 at 4:00 p.m. ET, up 2.98 percent from CAD 28.50. The move followed a transformation that combined EMX with Elemental Altus and expanded the successor's royalty portfolio.

Portfolio deal sets the direction

On September 21, 2026, Elemental agreed to acquire five precious-metals streams and royalties from Orion for USD 290.0 million, including USD 200.0 million in cash and USD 90.0 million in shares, according to StockTitan. The transaction adds producing assets at Ruby Hill, Kouroussa and La Negra, alongside development-stage exposure to Snowy River and Homestake District.

The deal also lifted 2026 guidance to 19,500-22,000 gold equivalent ounces from 17,000-21,000, while revenue guidance moved to USD 89.8-101.1 million, the same release reported by StockTitan. The higher range gives investors a concrete measure of the portfolio's intended scale, but the acquisition still carries closing conditions and additional financing capacity.

Q2 revenue sets a higher base

Elemental reported USD 23.79 million of revenue in Q2 2026, up 127 percent from the prior year, while diluted earnings per share reached USD 0.05. The figures are also detailed in the Q2 2026 call transcript published by Yahoo Finance.

Operating cash flow was USD 15.53 million in Q2 2026, compared with USD 14.49 million in Q1 2026, while cash increased to USD 74.22 million from USD 69.12 million. That balance sheet provides context for the cash portion of the Orion transaction, although it does not remove the execution risk attached to integrating new assets and funding the acquisition.

Index inclusion broadens visibility

Elemental was added to the MVIS Global Junior Gold Miners Index effective after market close on September 18, 2026, according to the company's release dated September 14, 2026, published by Elemental Royalty. The successor company describes a portfolio of 18 producing assets and more than 200 royalties, giving the former EMX business a broader public-market identity.

EMX successor trades at CAD 29.35

On the TSX, the stock was last at CAD 29.35 on September 25, 2026 at 4:00 p.m. ET, with a session high of CAD 29.58, a low of CAD 28.52 and volume of 149,192 shares. Its 52-week range was CAD 17.75 to CAD 34.29, placing the reference price 14.41 percent below the high.