Elemental Royalty to cut headcount by more than 50% after divestment
The company expects the reduction to lower annual cash expenses by about $6 mln and sets 2026 revenue guidance of $89.8 mln to $101.1 mln
Published
Elemental Royalty Corporation said it will cut its workforce by more than 50% following a divestment, a move it expects to reduce annual cash expenses by about $6 mln.
The company set 2026 guidance of 19,500 to 22,000 geos sold and revenue of $89.8 mln to $101.1 mln.
Elemental Royalty was formed through the merger of Elemental Altus and EMX, combining Elemental Altus's royalty acquisitions track record with EMX's royalty generation business, according to Investing News Network. As of an August 2026 company release republished by Investing News Network, the company described itself as a mid-tier, gold-focused streaming and royalty firm with 18 producing assets and more than 200 royalties. It took the Elemental Royalty name in November 2025, having previously operated as Elemental Altus Royalties Corp., and is based in Vancouver, according to Yahoo Finance.
The headcount reduction and expense savings reflect a right-sizing of the company after the divestment of its generation business, a step in line with its shift toward streams and royalties. The 2026 revenue guidance spans a wide range, from $89.8 mln to $101.1 mln, leaving significant uncertainty about the combined company's near-term performance as it integrates its Orion acquisition.