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ELEMENTAL ALTUS ROYALTIES - $ELEMF STOCK NEWS

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Elemental Altus Royalties Corp. announced the acquisition of a 1.25%-1.40% net smelter return royalty from Aterian Plc over the HCK Lithium Project in Rwanda under a Joint Venture agreement with Rio Tinto. The royalty covers lithium prospects managed by Rio Tinto with potential for major exploration. The transaction was completed non-cash, benefiting both companies financially.

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Elemental Altus Royalties Corp. (ELEMF) reports record annual revenue, gold equivalent ounces, EBITDA, and maiden quarterly profit for 2023. Highlights include a 69% increase in revenue, 56% increase in GEOs, and a 47% increase in adjusted EBITDA. The company also made accretive royalty acquisitions and achieved a significant decrease in G&A expenditure. With a strong balance sheet and cash position, Elemental Altus is well-positioned for future growth and strategic transactions.
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Elemental Altus Royalties Corp. (ELEMF) announces a substantial increase in 2024 guidance, expecting 10,000 to 11,700 Gold Equivalent Ounces, a 20% rise from 2023. The company projects Adjusted Revenue of US$20.0 to US$23.3 million, driven by organic growth from Diba and Bonikro royalties. Allied Gold's operations at Bonikro and Diba are set to boost revenue significantly. Elemental Altus aims to enhance its revenue-generating portfolio with a strong cash position and credit facility support.
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Elemental Altus Royalties Corp. reports record preliminary adjusted revenue of US$17.8 million in 2023, a 70% increase from 2022, with significant acquisitions and projects in the pipeline for 2024.
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Elemental Altus Royalties Corp. provides a portfolio update with positive highlights including increased Mineral Reserve and Resource Estimates at Caserones, production guidance for key operations, and joint ventures with strategic partners. The Company's royalty portfolio is expected to drive revenue growth in the near term.
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Elemental Altus Royalties Corp. expects to receive an initial US$12.1 million in cash and equity from its secured creditor claim against Rambler Metals and Mining Limited for the Ming gold stream. This contributes to a total of ~US$20 million in one-off payments expected in 2024-2025, in addition to upcoming royalty revenue growth. The company received an initial US$2.3 million in shares of Firefly Metals Ltd and will receive a further US$9.8 million in cash and equity in April 2025. With a minimum total return of US$12.6 million from the Ming Stream, Elemental Altus is in a strong financial position, expecting over US$60 million in combined revenue and milestone payments over 2024-2025.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the appointment of Vincent Benoit and Jack Lunnon from La Mancha Resource Capital LLP to the Board of Directors and the appointment of existing director John Robins as Chair of the Board.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the retirement of Executive Chairman Steven Poulton. Mr. Poulton, former CEO and co-founder of Altus Strategies plc, has been with the company for more than sixteen years. He will retire from the board effective January 01, 2024, but will continue as an independent consultant to the Company. The company expresses gratitude for his contributions and highlights the successful transactions and strategic direction achieved under his leadership.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) releases its inaugural Asset Handbook, offering detailed information on the company's assets and operations.
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Elemental Altus Royalties Corp. (ELE) announces its Q3 2023 financial results, including record revenue of US$7.8 million, a 10% increase from 2022, and Adjusted Revenue of US$12.2 million, a 58% increase from 2022. The company reported a record Gold Equivalent Ounces of 6,187oz, a 47% increase from 2022, and a record Adjusted EBITDA of US$7.8 million, a 41% increase from 2022.
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ELEMENTAL ALTUS ROYALTIES

OTC:ELEMF

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ELEMF Stock Data

174.68M
116.23M
41.03%
12.62%
Nitrogenous Fertilizer Manufacturing
Manufacturing
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