Elemental Royalty Executes Four Option Agreements to Sell Projects in Arizona to Ivanhoe Electric

Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Elemental Royalty Corporation (TSXV: ELE) (OTCQX: ELEMF) ("Elemental" or "the Company") is pleased to announce that Bronco Creek Exploration Inc. ("BCE"), a wholly owned subsidiary of Elemental has executed four separate option agreements (the "Agreements") with Rocksteady Exploration Inc., an Arizona corporation and subsidiary of Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") for the Dragon's Tail, Copper King, Sleeping Beauty-Jasper Canyon, and Lomitas Negras projects in Arizona, U.S.A (the "Projects" or individually a "Project") in order to explore for porphyry copper style mineralization.

The Projects are located within the prolific Laramide porphyry copper belt, adjacent to and within key mineral districts in Arizona. The Agreements provide Elemental with execution payments, option payments, and required work commitments on the Projects during the earn-in period. Additionally, upon earn-in for a given Project, Elemental will be granted a 2.5% net smelter return ("NSR") royalty with up to 0.5% buydown rights to Ivanhoe Electric, receive annual pre-production payments as well as certain milestone payments as the Projects advance providing the company with near term cash flow and long-term upside.

BCE acquired the Projects through the staking of open ground after recognizing overlooked opportunities in districts with a history of exploration. BCE's track record of organically generating compelling new targets in historical mining districts underscores the strength of the Company's project generation business model.

Commercial Terms Overview

Under the terms of the Agreements, Ivanhoe Electric can earn 100% interest in the four Projects over an eight-year option period by providing: a) an execution payment totaling US$240,000, b) option payments totaling up to US$2,325,000, and c) cumulative exploration expenditures of up to US$10,800,000 over the eight-year term of the option agreements. Payments and exploration expenditures are made and required on a per-project basis and can be executed on a per-project basis. Ivanhoe Electric may also drop an option at any time without further payment.