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Elemental Altus Royalties Corp. - $ELEMF STOCK NEWS

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Rhea-AI Summary
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 Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the sale of the Diba Project to Allied Gold Corporation, expected to generate material near term income through uncapped Net Smelter Return royalties. The Project is strategically located near Allied's Sadiola gold mine in Western Mali, with an average production of 230,000 ounces over 2024 and 2025. The sale includes milestone payments and a significant investment in development, with the potential for further expansion and new discoveries.
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-0.84%
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Elemental Altus Royalties Corp. notes Allied Gold Corporation's approval of development work at the Diba gold project in Mali, with production expected to start in H1 2024. Elemental Altus holds a 3% NSR royalty and will receive milestone payments. The project is forecasted to generate over 6,000 GEOs and up to $6 million in cash payments over 2024-2025. The potential for further expansion and exploration adds future value.
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2.79%
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Elemental Altus completes acquisition of royalties for US$10,000,000 in common shares. Includes 0.68% net smelter return royalty on Cactus Project and 0.5% gross revenue royalty on Nyanga Copper-Nickel Project.
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Elemental Altus announces voting results from Annual General and Special Meeting
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0.36%
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Elemental Altus Royalties Corp. announces a subscription agreement with In2Metals Explorer for Akh Gold Ltd.
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0.11%
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Elemental Altus Royalties Corp. announces acquisition of two royalties from RCF Opportunities Fund for US$10,000,000
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Elemental Altus Royalties Corp. reports record revenue and impressive growth in Q2 2023
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1.72%
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the sale of its Ethiopian subsidiary to ANS Exploration Corp., resulting in the generation of two new gold and copper Net Smelter Return royalties. The Transaction includes cash consideration, equity interests, and milestone performance payments. ANS has a 5-year buy-back option on up to 1% of the royalties. The Company's CEO and ANS' COO expressed optimism about the potential of the Projects in northern Ethiopia.
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2.61%
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Elemental Altus Royalties Corp. announces the sale of its subsidiary Legend Mali to Allied Gold Corporation. The sale includes a cash payment of up to US$6 million and a Net Smelter Return royalty of up to 3% on gold produced from the project. The Diba Project is located near Allied's Sadiola Gold Mine and will contribute to its near-term production. The sale demonstrates Elemental Altus' ability to generate new and high impact royalties.
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-2.65%
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Elemental Altus Royalties Corp.

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