Elemental Royalty Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:ELE Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
19 Feb 26	SellUS$120,364	David Cole	Individual	5,700	US$21.19
13 Feb 26	SellUS$165,937	David Cole	Individual	7,930	US$20.93
12 Feb 26	SellUS$500,900	David Cole	Individual	23,859	US$21.48
25 Nov 25	BuyUS$37,908	David Baker	Individual	3,000	US$12.64
13 Nov 25	BuyUS$98,407,865	Tether Holdings, S.A. de C.V.	Company	7,502,502	US$13.12
16 Jun 25	BuyUS$100,304,881	Tether Holdings, S.A. de C.V.	Company	8,842,178	US$11.43
10 Jun 25	SellUS$266,623,622	La Mancha Holding S.à R.L.	Company	23,526,534	US$11.33
27 May 25	BuyUS$13,454	Martin Turenne	Individual	1,250	US$10.78

Insider Trading Volume

Insider Buying: ELE insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of ELE?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	4,335,561	6.78%
Institutions	10,149,686	15.9%
Private Companies	20,354,627	31.8%
General Public	29,136,916	45.5%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 160.3%.

Top Shareholders

Top 25 shareholders own 54.85% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
26.4%	Tether Holdings, S.A. de C.V.	16,910,169	US$384.2m	82.3%	no data
5.38%	Alpha 1 SPV Limited	3,444,458	US$78.3m	0%	no data
4.92%	Paul Stephens	3,147,142	US$71.5m	0%	no data
2.93%	Sprott Inc.	1,875,676	US$42.6m	856%	0.78%
2.67%	Extract Advisors LLC	1,708,292	US$38.8m	359%	14.48%
2.13%	Stephens Investment Management, LLC	1,364,201	US$31.0m	0%	97.43%
1.32%	Peter Williams	326,605	US$19.2m	0%	no data
1.51%	Euro Pacific Asset Management, LLC	968,502	US$22.0m	54.4%	1.46%
1.37%	Medici Capital LLC	877,443	US$19.9m	964%	17.38%
1.21%	David Cole	775,863	US$17.6m	0.63%	no data
1.07%	Condire Investors, LLC	686,246	US$15.6m	0%	1.12%
0.66%	Arrowstreet Capital, Limited Partnership	420,735	US$9.6m	0%	0.01%
0.51%	Frederick Augustus Ronald Peter Bell	326,842	US$7.4m	0%	no data
0.48%	Marshall Wace LLP	308,954	US$7.0m	0%	0.01%
0.44%	Global Strategic Management Inc.	281,197	US$6.4m	43.2%	3.86%
0.39%	Konwave AG (Gold 2000)	250,000	US$5.7m	0%	0.19%
0.28%	K2 & Associates Investment Management Inc.	177,356	US$4.0m	0%	1.27%
0.23%	U.S. Global Investors, Inc.	150,000	US$3.4m	0%	0.23%
0.15%	Millennium Management LLC	96,351	US$2.2m	0%	no data
0.15%	Morgan Stanley	95,361	US$2.2m	0%	no data
0.14%	Jane Street Group, LLC	89,960	US$2.0m	0%	no data
0.13%	Cannell & Spears LLC	82,330	US$1.9m	0%	0.03%
0.12%	Merrill Lynch, Pierce, Fenner & Smith Incorporated	75,928	US$1.7m	0%	no data
0.11%	Alpine Global Management, LLC	69,600	US$1.6m	0%	0.43%
0.1%	Susquehanna International Group, LLP	64,341	US$1.5m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/09 23:34
End of Day Share Price	2026/03/09 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Elemental Royalty Corporation is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Carey MacRury	Canaccord Genuity
null null	Cantor Fitzgerald Canada Corporation
null null	National Bank Financial