Elemental Altus Stock Price, News & Analysis

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.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) has scheduled the release of its Q4 2024 financial results for April 16, 2025, after market close. The company will host an investor webcast on April 17, 2025, at 11am Eastern Time (8am Pacific Time), featuring a presentation of the results followed by a Q&A session.

Elemental Altus Royalties Corp (TSXV: ELE) (OTCQX: ELEMF) has announced the TSX Venture Exchange's acceptance of its Normal Course Issuer Bid (NCIB). Under this program, the company can purchase up to 12,288,129 common shares, representing 5% of its outstanding shares, between March 25, 2025, and March 24, 2026.

The share purchases will be executed at prevailing market prices through Raymond James All acquired shares will be returned to treasury for cancellation. The company has implemented an automatic purchase price plan to facilitate share purchases during blackout periods, with parameters set by Elemental Altus.

The board believes the market price may not fully reflect the company's underlying value and future prospects, viewing the share buyback as an appropriate use of corporate funds to enhance shareholder value.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) projects a 50% increase in adjusted revenue to US$32 million for 2025, following record preliminary annual revenue of US$16.3 million and adjusted revenue of US$21.6 million in 2024. The company expects to deliver 11,600-13,200 Gold Equivalent Ounces (GEOs) in 2025.

The 2024 results marked a 21% increase from 2023, achieving seven consecutive years of record revenue. The company anticipates up to US$15 million in additional payments from royalty milestones and previous agreements in 2025, with over US$10 million expected in the first half.

Additionally, Sandeep Singh, former CEO of Osisko Gold Royalties, has been appointed to the board as an independent non-executive director, replacing Robert Milroy. The company is now debt-free after repaying US$30 million over the past twelve months and has access to an enhanced US$50 million credit facility.