On July 17, 2018, Elemental Royalties Limited acquired mining royalties from Yamana Gold Inc.

Elemental acquired a 1% NSR royalty on the Mercedes gold-silver mine in Mexico and a 2.25% NSR royalty on the Amancaya gold-silver mine in Chile.

Elemental was incorporated as a private company in the British Virgin Islands in 2016 to acquire a diversified portfolio of royalties in the mining sector.

France Tenaille of Gowling WLG advised Elemental with respect to these acquisitions.