SCHEDULE 13G 0001768005 XXXXXXXX LIVE Common Stock 11/14/2025 0002086771 Elemental Royalty Corp 28619K109 902 - 815 W. Hastings Street Vancouver A1 V6C 1B4 Rule 13d-1(c) SIM Orphan, LLC DE 0.00 1364201.00 0.00 1364201.00 1364201.00 N 2.15 IA SIM Orphan, LLC is the General Partner of Orphan Fund, LP (the "Fund") in which such shares referred to above are held. As a result, SIM Orphan, LLC possesses the power to vote and dispose or direct the disposition of all the shares owned by the Fund. Based on a total of 63,387,851 shares outstanding of the Issuer as of June 30, 2025, as set forth in the Issuer's most recent F-10 filed on October 22, 2025. Orphan Fund, LP DE 0.00 1364201.00 0.00 1364201.00 1364201.00 N 2.15 PN Based on a total of 63,387,851 shares outstanding of the Issuer as of June 30, 2025, as set forth in the Issuer's most recent F-10 filed on October 22, 2025. Paul H. Stephens X1 3147142.00 1364201.00 3147142.00 1364201.00 4511343.00 N 7.12 IN Includes 3,147,142 shares of Common Stock held by Paul H. Stephens ("Stephens") in person accounts of which Stephens is an owner. Stephens is the Managing Member of SIM Orphan, LLC, the General Partner of the Fund. As a result, Stephens possesses the power to vote and dispose or direct the disposition of all the shares beneficially owned by the Fund. Stephens disclaims beneficial ownership of any of the shares held by the Fund. Based on a total of 63,387,851 shares outstanding of the Issuer as of June 30, 2025, as set forth in the Issuer's most recent F-10 filed on October 22, 2025. Elemental Royalty Corp 902 - 815 W. Hastings Street, Vancouver, British Columbia, Canada SIM Orphan, LLC, Orphan Fund, LP, and Paul H. Stephens 2 Windward Road, Belvedere, CA 94920 SIM Orphan, LLC is a Delaware limited liability company. Orphan Fund, LP is a Delaware Limited Partnership. Paul H. Stephens is a citizen of the United States. Y Aggregate of all Reporting Persons: 4,511,343 SIM Orphan, LLC - 1,364,201 Orphan Fund, LP - 1,364,201 Paul H. Stephens - 3,147,142* * Stephens is the Managing Member of SIM Orphan, LLC, the General Partner of the Fund. As a result, Stephens possesses the power to vote and dispose or direct the disposition of all the shares beneficially owned by the Fund. Stephens disclaims beneficial ownership of any of the shares held by the Fund. Aggregate of all Reporting Persons: 7.12% SIM Orphan, LLC - 2.15% Orphan Fund, LP - 2.15% Paul H. Stephens - 7.12%* * Stephens is the Managing Member of SIM Orphan, LLC, the General Partner of the Fund. As a result, Stephens possesses the power to vote and dispose or direct the disposition of all the shares beneficially owned by the Fund. Stephens disclaims beneficial ownership of any of the shares held by the Fund. SIM Orphan, LLC - 0 Orphan Fund, LP - 0 Paul H. Stephens - 3,147,142 SIM Orphan, LLC - 1,364,201 Orphan Fund, LP - 1,364,201 Paul H. Stephens - 1,364,201 SIM Orphan, LLC - 0 Orphan Fund, LP - 0 Paul H. Stephens - 3,147,142 SIM Orphan, LLC - 1,364,201 Orphan Fund, LP - 1,364,201 Paul H. Stephens - 1,364,201 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. SIM Orphan, LLC Paul H. Stephens 01/02/2026 Orphan Fund, LP Paul H. Stephens 01/02/2026 Paul H. Stephens Paul H. Stephens 01/02/2026