TSXV:ELEMetals and Mining
Is Elemental Royalty (TSXV:ELE) Quietly Redefining Its Risk Profile With the BHP Serbia Deal?
Elemental Royalty recently announced a definitive option and earn-in agreement giving BHP a path to acquire its Serbian subsidiary Magma, in exchange for staged cash payments and exploration work on three licenses in the Bor Mining District while Elemental retains 2% NSR royalties.
The deal effectively pairs Elemental’s royalty model with BHP’s operating and exploration capability in a well-known copper-gold district, potentially enhancing the long-term relevance of Elemental’s portfolio...