Elemental Altus Stock Price, News & Analysis

Elemental Altus (TSXV: ELE) and EMX Royalty (NYSE: EMX) have announced a merger to create Elemental Royalty Corp, a new mid-tier gold-focused royalty company. The transaction includes EMX shareholders receiving 0.2822 Elemental Altus shares per EMX share and a concurrent US$100 million investment from Tether Investments.

The merged entity will feature 16 producing royalties with projected adjusted revenue of US$80 million in 2026. The portfolio will be 67% precious metals focused, with the remaining 33% in base metals. The combined company's implied market capitalization is estimated at US$933 million, with existing Elemental Altus and EMX shareholders owning 51% and 49% respectively.

The transaction offers EMX shareholders a 21.5% premium based on 20-day VWAP and includes strong shareholder support with 23% of EMX shares committed to voting in favor. The merger is subject to shareholder, regulatory, and court approvals.

Elemental Altus Royalties (OTCQX:ELEMF) has announced significant expansions to its royalty portfolio through two major acquisitions. The company will acquire a 2% Gross Revenue Royalty (GRR) over Genesis Minerals' Focus Laverton Project in Western Australia for approximately US$52 million, creating a cornerstone gold royalty asset. This acquisition includes an additional 2% GRR on Brightstar Resources' producing Jasper Hills Project.

In parallel, Elemental Altus will acquire a 2.0-2.5% Net Smelter Return (NSR) royalty on Pasofino Gold's Dugbe Project in Liberia for US$16.5 million plus contingent payments of up to US$3.5 million. The Laverton royalty covers ~2.1Moz of Measured and Indicated Resources and 1.5Moz of Inferred Resources, while the Dugbe Project contains 3.3Moz Measured and Indicated Resources with a projected 14-year mine life producing ~162koz gold annually.

Elemental Altus Royalties (OTCQX: ELEMF) announced that Capricorn Metals has received regulatory approval from Western Australian authorities for the Karlawinda Expansion Project. The expansion will increase annual gold production by 25% to 150,000 ounces per annum, benefiting Elemental's uncapped 2% NSR royalty.

The project includes expanding the existing Bibra pit, developing Southern Corridor and Berwick open pits, and constructing a second tailings storage facility. The expansion has already begun with a 164-room camp expansion nearly complete and early clearing works underway. The development timeline is expected to be 12 months, with updated cost estimates due in Q4.

Notably, Karlawinda's Mineral Reserves increased by 15% to 1,428,000 ounces of gold at 0.8 g/t Au, while Indicated Resources grew to 1,965,000 ounces at 0.7 g/t Au.

Gleason & Sons LLC has increased its investment in Elemental Altus Royalties Corp. (OTCQX:ELEMF) by acquiring nearly one million common shares through open market purchases. The investment comes at a strategic time as Elemental Altus has achieved significant milestones, including debt elimination, record quarterly profits, and a $50 million unused credit facility.

The company now has over $20 million in cash and has gained Tether Investments as a major shareholder. Gleason & Sons views Elemental Altus as significantly undervalued and well-positioned for both royalty acquisitions and potential industry consolidation. The investment aligns with their strategy of targeting mining royalty companies, which offer lower risk compared to direct mining investments while benefiting from rising metals prices.

Elemental Altus Royalties Corp. (ELEMF) announced significant board changes following Tether Investments' acquisition of a 37.8% stake in the company, with rights to acquire up to 51.8%. The company appointed Juan Sartori as Executive Chairman, along with Simon Vumbaca and Ravi Sood as non-executive directors, joining existing members Sandeep Singh and Prashant Francis. CEO Frederick Bell will continue in his role while five directors stepped down. This restructuring reflects Tether's strategic investment in real-world assets, particularly focusing on gold royalties. The new board aims to leverage synergies between digital and real assets, with Tether seeing potential in combining crypto technologies like Tether Gold with Elemental Altus' gold royalty portfolio.

Elemental Altus Royalties Corp. (ELEMF) announces Tether Investments as its new cornerstone shareholder, following Tether's acquisition of 78,421,780 common shares from La Mancha at C$1.55 per share. Combined with existing holdings, Tether now owns 82,782,291 shares (33.7% stake). Additionally, Tether has secured an option agreement with AlphaStream to potentially acquire 34,444,580 more shares, which would increase their ownership to 47.7%. Tether, known as one of the world's largest companies and holders of US Treasuries, views this investment as part of their strategy to expand into real-world assets, particularly focusing on gold exposure. CEO Frederick Bell welcomed Tether's investment, highlighting their capability to support the company's growth phase and positive impact on the gold royalty sector.

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) reports significant developments at two of its Australian royalty assets. Genesis Minerals is acquiring the Laverton Project for A$250 million, where Elemental holds an uncapped 2% gross revenue royalty. The Laverton assets include Indicated Resources of 12.9Mt @ 1.8 g/t Au (754,000 oz) and Inferred Resources of 9.5Mt @ 3.3 g/t Au (1,024,000 oz). Additionally, Northern Star Resources announced a maiden resource at the Hercules Discovery within South Kalgoorlie Operations (SKO), where Elemental holds an A$10/oz production royalty and A$1M discovery bonus. Hercules contains Indicated Resources of 7.4Mt @ 2.1 g/t Au (491,000 oz) and Inferred Resources of 5.9Mt @ 2.2 g/t Au (425,000 oz), with a maiden Reserve of 2.4Mt @ 3.1 g/t Au (246,000 oz).

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) has announced it will release its Q1 2025 financial results before market open on Tuesday, May 20, 2025. The company will host an investor webcast on the same day at 11am Eastern Time (8am Pacific Time), which will include a results presentation followed by a Q&A session. A replay of the webcast will be made available on the company's website after the presentation.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) has received US$9.6 million from its secured creditor claim against Rambler Metals and Mining Canada Limited regarding the Ming gold stream. This payment is part of up to US$15 million in portfolio payments expected in 2025, which is additional to the company's projected royalty revenue of US$30.1-34.3 million for 2025 (at US$2,600/oz gold price).

The total return from the Ming stream will reach approximately US$12.8 million, including US$0.5 million in prior stream revenue, surpassing the original US$11 million acquisition cost in 2022. The payment comes following FireFly Metals' acquisition of the Rambler Group for up to A$65 million, approved by the Supreme Court of Newfoundland and Labrador.