EMX Royalty Completes Merger with Elemental Altus
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EMX Royalty Corporation has completed a merger with Elemental Altus Royalties Corp, making EMX an indirect wholly-owned subsidiary. The merger, approved by the court, includes a rebranding to Elemental Royalty Corporation and new ticker symbols. A private placement raised approximately US$100 million, and the executive team was reorganized to strengthen market position. The latest analyst rating for EMX stock is Hold with a C$5.50 target, while TipRanks’ AI Analyst rates it Neutral due to mixed financial performance and bearish indicators.
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