Elemental Altus Stock Price, News & Analysis

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.

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) reports strong Q2 2024 results with adjusted revenue of $5.2 million, up 10% from Q2 2023. The company achieved 2,211 Attributable Gold Equivalent Ounces (GEOs), down 7% year-over-year. Adjusted EBITDA increased by 3% to $3.4 million. Elemental Altus is on track to meet the lower end of its 2024 guidance of 10,000 to 11,700 GEOs and the higher end of expected revenue of $20.0 to $23.3 million. The company's newest royalty, Diba, has commenced mining and is expected to contribute to higher revenue in H2 2024. Elemental Altus continues to reduce its credit facility, with outstanding debt at $20.0 million as of June 30, 2024.

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) has announced the release of its Q2 2024 financial results on August 19, 2024. The company will hold an investor webcast on August 20, 2024, at 11:00 am ET to discuss the results, followed by a Q&A session. Investors can register for the webcast through the provided link. A replay of the event will be available on the company's website after the presentation. This announcement is part of Elemental Altus' commitment to transparent communication with its shareholders and the broader investment community.

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) reports significant developments at the Karlawinda Gold Project (KGP) and completes a tungsten royalty acquisition. Key highlights:

1. Capricorn Metals initiates a major expansion study at KGP, targeting a 50% increase in throughput to 6.5-7.0 Mtpa.

2. KGP Mineral Reserves increased by 15% to 1,428 koz gold, extending mine life to over 13 years.

3. Elemental Altus holds an uncapped 2.0% NSR royalty on KGP, which contributed US$4.6 million in revenue in 2023.

4. The company completed the acquisition of Mactung and Cantung royalties, including a 4% NSR over Mactung, one of the largest high-grade tungsten deposits globally.

These developments underscore Elemental Altus's strategy of investing in high-quality royalties with significant growth potential in Tier 1 jurisdictions.

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) has agreed to acquire two strategic tungsten royalties from Cornish Metals Inc. The key acquisition includes an uncapped 4% NSR royalty on the Mactung Project in Canada, one of the largest high-grade tungsten deposits outside China, currently being developed by Fireweed Metals Corp. The deal also includes a 1% NSR royalty on the high-grade Cantung Project.

The total consideration for the acquisition is US$4,500,000, with US$3,000,000 payable in cash at closing and US$1,500,000 due 12 months later. This strategic move expands Elemental Altus' portfolio into critical minerals, specifically tungsten, which is in high demand in Western markets. The company expects several near-term catalysts, including an updated PEA for Mactung in 2024.

Elemental Altus Royalties has announced significant updates across various operations. Allied Gold Corp's drilling program at Diba targets resource expansion, with maiden production expected mid-2024. Elemental Altus holds a 3% NSR on the first 226,000 ounces of gold and a 2% NSR on subsequent production.

The company extended its $50 million credit facility to June 2027 and repaid $5 million, reducing the debt to $20 million. Additionally, Elemental Altus canceled 814,321 shares to meet tax obligations, resulting in 195,176,071 outstanding shares.

Portfolio updates include $0.3 million received for the Ming gold stream, with further payments expected. The company expects $0.4 million from In2Metals for Akh Gold licenses in Egypt by August 2024.