BuybackJun 11, 2026, 07:16 AM
Elemental Royalty Announces NCIB to Repurchase Up to 3.22M Shares
AI Summary
Elemental Royalty Corporation announced its intention to launch a Normal Course Issuer Bid (NCIB) to repurchase up to 3,222,537 common shares, representing 5% of its outstanding shares. The NCIB will run for 12 months, from June 15, 2026, to June 14, 2027, with purchases primarily expected on Nasdaq. The company believes the market price of its shares may not fully reflect its underlying value, making the buyback an appropriate use of corporate funds to enhance shareholder value.
Key Highlights
- Elemental Royalty announced a Normal Course Issuer Bid (NCIB).
- The company may purchase up to 3,222,537 common shares.
- This represents up to 5% of Elemental's issued and outstanding shares as of June 4, 2026.
- The NCIB will commence on June 15, 2026, and conclude on June 14, 2027.
- Purchases will occur on the TSX, Nasdaq, and other exchanges at prevailing market prices.
- An automatic share purchase plan will be implemented with Raymond James Ltd.
- The average daily trading volume on TSX was 43,645 shares, with a daily purchase limit of 10,911 shares.
Price Impact
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