Elemental Royalty Corporation (NASDAQ: ELE | TSX: ELE) has received clearance from Mexico's antitrust authority, the Comisión Nacional Antimonopolio, for its planned acquisition of Vizsla Royalties Corp. The approval represents the final regulatory condition required before the transaction can close. The deal will add net smelter returns royalties on the Panuco silver-gold project in Mexico to Elemental's portfolio, which the company describes as cornerstone assets. Investors are watching for a closing announcement, which the company indicated is anticipated shortly.

Key Points

  • Elemental Royalty Corporation (NASDAQ: ELE | TSX: ELE) received Mexican antitrust clearance for its Vizsla Royalties acquisition
  • Mexican regulator CNA granted the final regulatory approval needed to complete the transaction
  • The Panuco Royalties carry 2.0% to 3.5% net smelter returns, are life-of-mine interests with no caps, buybacks, or step-downs
  • Investors should watch for a formal closing announcement, subject to remaining conditions precedent being satisfied or waived

Mexican CNA Clearance Removes Final Barrier to Vizsla Royalties Deal

Elemental Royalty announced on September 8, 2026 that Mexico's Comisión Nacional Antimonopolio had issued its clearance decision for the company's acquisition of Vizsla Royalties Corp. (TSXV: VROY | OTCQX: VROY). Chief Executive David M. Cole stated in the release that antitrust approval was the final regulatory milestone required and that the company looks forward to announcing the closing soon. The Arrangement Agreement underpinning the transaction was originally dated May 13, 2026, indicating the deal has been in progress for several months.

Panuco Silver-Gold Royalties to Anchor Elemental's Expanded Portfolio

The transaction grants Elemental exposure to royalties on Vizsla Silver Corp.'s Panuco silver-gold project in Mexico, described in the release as the Panuco Royalties. These royalties range from 2.0% to 3.5% net smelter returns and carry no caps, buybacks, or step-downs, covering the project's entire existing resource base on a life-of-mine basis. The company characterises these as cornerstone assets within its royalty portfolio, which currently spans 18 producing assets and more than 200 royalties across global jurisdictions.

Transaction Timing and Conditions Still Pending Satisfaction

Elemental stated the transaction is anticipated to be completed shortly, subject to satisfaction or waiver of all remaining conditions precedent to the Arrangement. The release does not specify any outstanding conditions beyond the now-cleared antitrust requirement, nor does it provide a precise closing date. The technical and scientific information in the announcement was reviewed and approved by Michael Sheehan, an employee of Elemental Royalty and a Qualified Person as defined under NI 43-101. The immediate share price impact was not clear from available public information.