Gleason & Sons Increases Its Holdings in Elemental Altus Royalties After Tether's Investment, Expanded Revenues

Rhea-AI Summary

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.

Positive

• Company achieved its most profitable quarter ever
• Successfully eliminated all debt
• Secured $50 million unused credit facility
• Maintains strong cash position of over $20 million
• Gained strategic investor Tether Investments as major shareholder
• Experiencing expansion in payable ounces and revenues

Negative

• Stock remains significantly undervalued according to major investor

News Market Reaction

-3.65%

1 alert

-3.65% News Effect

On the day this news was published, ELEMF declined 3.65%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, NORTH CAROLINA / ACCESS Newswire / June 24, 2025 / Gleason & Sons LLC today announced today it has acquired nearly one million common shares of Elemental Altus Royalties Corp. ("Elemental Altus" or "the Company") (TSXV:ELE)(OTCQX:ELEMF) via ongoing open market purchases.

"We are pleased to be increasing our long-term investment in Elemental Altus as its management team transitions the Company into an exciting new growth phase - having paid off all debt, booked its most profitable quarter ever, and streamlined its governance structure," said Stefan Gleason, managing director of Gleason & Sons.

"Elemental Altus is now 'locked and loaded' with an unused $50 million credit facility, more than $20 million in cash, and a new, deep-pocketed major shareholder in Tether Investments that understands the importance of accumulating hard assets.

"The Company's prior investments have created an expansion of payable ounces, revenues, and net income at the most opportune time, given the ongoing rally in gold prices.

"We believe Elemental Altus remains significantly undervalued and is well positioned not only to acquire additional royalties but also, potentially, to serve as a catalyst for consolidation in the mining royalty space." Gleason concluded.

Gleason & Sons is the family office of Stefan Gleason, a Charlotte-based entrepreneur who owns several privately held businesses in the United States, including Money Metals Exchange LLC. Money Metals is one of the largest precious metals dealers and depositories in North America with nearly one million customers and over C$1 billion in annual revenues.

Gleason & Sons specifically targets equity and debt investments in mining royalty companies. Historically lower risk than direct investments in miners and explorers, the royalty model appears ideally positioned for an inflationary environment. Metals prices tend to rise, yet the royalty holder is insulated from the downside of higher operating, exploration, and capital costs at the underlying mines as well as other risks.

Stefan Gleason
Gleason & Sons LLC
Tel: 208-577-2230
www.GleasonSons.com

This release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address anticipated future events are forward-looking statements. Although the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

SOURCE: Gleason & Sons LLC

View the original press release on ACCESS Newswire

FAQ

How many shares of Elemental Altus (ELEMF) did Gleason & Sons acquire in June 2025?

Gleason & Sons acquired nearly one million common shares of Elemental Altus through open market purchases.

What is Elemental Altus's (ELEMF) current financial position in 2025?

The company has zero debt, $20 million in cash, a $50 million unused credit facility, and recently achieved its most profitable quarter ever.

Who is the new major shareholder in Elemental Altus (ELEMF)?

Tether Investments has become a new major shareholder in Elemental Altus.

Why did Gleason & Sons increase its investment in Elemental Altus (ELEMF)?

Gleason & Sons believes Elemental Altus is significantly undervalued and well-positioned for both royalty acquisitions and potential industry consolidation, particularly given the company's strong financial position and ongoing gold price rally.

What advantages does Elemental Altus's (ELEMF) royalty business model offer?

The royalty model offers lower risk compared to direct mining investments, benefits from rising metals prices, and provides insulation from higher operating, exploration, and capital costs at underlying mines.