Elemental Royalty applies a consistent and disciplined framework when evaluating royalty opportunities.
By structuring royalties that align interests with operators, we aim to build durable exposure that performs across commodity cycles. Our portfolio is weighted toward gold and precious metals, with the balance in base and strategic metals.
We assess the underlying asset, the operator, jurisdictional risk, ESG criteria, and the structure of the royalty itself, with a clear focus on long-term value creation. We prioritise royalties on assets with scale, longevity and exploration or expansion potential.

Portfolio overview
67% Precious Metals
*Allocated by consensus NAV
- Precious Metals 67
- Base Metals 33
45% Cash Generating
*Allocated by consensus NAV
- Producing 45
- Developing 55
Diversified Exposure
*Allocated by revenue
- North America 40
- South America 20
- Australia 15
- Africa 10
- Europe 5
