Elemental Altus Stock Price, News & Analysis

Elemental Altus Royalties has expanded its Credit Facility by exercising a US$10 million accordion feature, increasing the total borrowing limit to US$50 million. Royal Bank of Canada (RBC) joins as a new lender alongside National Bank of Canada (NBC) and Canadian Imperial Bank of Commerce (CIBC). The company has already repaid US$10 million in 2024 and currently has US$20 million drawn. The Facility's maturity date was extended from December 2025 to June 2027, with interest rates at SOFR plus 2.50% - 3.75% based on leverage ratio.

Elemental Altus Royalties (TSXV: ELE) (OTCQX: ELEMF) has scheduled the release of its Q3 2024 financial results for November 18, 2024. The company will host an investor webcast on November 19, 2024, at 11am Eastern Time (8am Pacific Time), which will include a results discussion and Q&A session. A replay of the webcast will be available on the company's website after the presentation.

Elemental Altus Royalties announces that Capricorn Metals plans a significant expansion at the Karlawinda Gold Project, where Elemental holds a 2.0% NSR royalty. The expansion targets annual gold production of 150,000 ounces, representing a 30% increase, through enhanced processing capacity to 6.5 Mtpa. The A$120 million expansion project is expected to complete by Q2 2026. Karlawinda's Mineral Reserves recently increased by 15% to 1,428,000 ounces gold, with a current mine life of 10 years. The project contributed US$4.6 million in revenue to Elemental Altus in 2023 and US$2.5 million in H1 2024.

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) has announced its Annual General and Special Meeting scheduled for November 28, 2024, in Vancouver. The company has nominated nine candidates for Board election and adopted a new advance notice policy. The policy requires shareholders to provide advance notice for director nominations, with specific deadlines: 30-65 days prior to annual meetings, or within 10 days of the announcement if the meeting is less than 50 days away. For the upcoming meeting, nominations must be submitted by November 8, 2024.

Elemental Altus Royalties has completed two significant transactions: the acquisition of an additional 50% ownership in 24 existing royalties from AlphaStream for US$28 million paid in 34,444,580 newly issued shares at C$1.10/share, and a private placement by La Mancha for 16,141,940 common shares. The portfolio includes increased interests in Bonikro Gold Project (now 4.5% NSR), Ballarat Mine (2.5% NSR), and South Kalgoorlie Operations. The acquisition is expected to generate approximately US$6 million additional revenue in 2025, increasing projected total revenue to US$31 million. Following these transactions, Elemental Altus has 245,762,591 common shares outstanding.

Elemental Altus Royalties announces La Mancha's exercise of its Anti-Dilution right following the company's US$28 million royalty portfolio acquisition agreement. La Mancha will subscribe for 16,141,940 Common Shares at C$1.10 per share, generating proceeds of C$17.7 million. This follows the recently announced acquisition of a 50% ownership in 24 royalties from AlphaStream, which includes producing gold royalties on Bonikro, Ballarat, and South Kalgoorlie Operations. The portfolio acquisition is expected to generate approximately US$6 million additional revenue in 2025, increasing pro forma 2025 revenue by ~25% to US$31 million.

Elemental Altus Royalties Corp. (TSXV: ELE, OTCQX: ELEMF) announced a binding agreement to acquire an additional 50% ownership of 24 existing royalties from AlphaStream for US$28 million in equity. This acquisition includes producing gold royalties on the Bonikro Gold Project, Ballarat Mine, and South Kalgoorlie Operations (SKO), among others in Australia.

The acquisition is expected to generate approximately US$6 million additional revenue in 2025, increasing pro forma revenue by 25% to US$31 million. The deal enhances financial flexibility, margin expansion, and free cash flow without increasing management costs. AlphaStream will become a strategic shareholder with the right to nominate a director to Elemental Altus' board.

The transaction involves issuing 34,444,580 common shares at C$1.10 per share, representing 15% of Elemental Altus' common shares. Closing is expected by November 8, 2024, subject to TSX Venture Exchange approval.

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) has closed the sale of its Ethiopian exploration assets to ANS Exploration Corp. and received a US$400,000 payment from In2Metals Explorer S.à r.l. The Ethiopian deal includes 2.5% NSR royalties, milestone payments, and equity interests. In Egypt, Elemental Altus maintains a 1.5% NSR royalty and 19.9% equity in Akh Gold. The company has created over 20 royalties through partnerships, received US$2.5 million in cash, and sees Diba becoming a significant revenue contributor. Elemental Altus has also granted 241,000 restricted share units and 600,000 stock options to directors, officers, and employees.

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) reports that Allied Gold has reached an agreement with the Government of Mali to advance the Diba deposit. Elemental Altus holds a 3% NSR royalty on the first 226,000 ounces of gold production at Diba and Lakanfla licences, and a 2% NSR thereafter. Diba is expected to become Elemental's newest producing gold royalty, contributing to the portfolio from Q3 2024.

Initial processing at Sadiola Mill in Q2 2024 yielded better than expected grades. Allied plans to optimize Sadiola Gold Mine operations, potentially exceeding initial production estimates. Diba has a Proven and Probable Mineral Reserve of 280,000 ounces and a Measured and Indicated Mineral Resource of 377,000 ounces. Elemental Altus expects to benefit from Allied's continued resource definition and potential new discoveries.