Welcome to our dedicated page for Elemental Royalty Corporation news (Ticker: ELEMF), a resource for investors and traders seeking the latest updates and insights on Elemental Royalty Corporation stock.
Elemental Altus Royalties Corp. (OTCQX: ELEMF; TSXV: ELE) and its successor Elemental Royalty Corporation generate frequent news flow through transactions, project updates and capital markets developments tied to their gold-focused streaming and royalty business. Company releases describe an income generating precious metals royalty model, with cornerstone NSR and GRR interests over projects such as Karlawinda, Laverton, Jasper Hills and Dugbe, alongside a larger portfolio of producing and earlier-stage royalties.
News coverage for ELEMF and its related listings often centers on royalty acquisitions and expansions, such as the creation of a cornerstone gold royalty at Laverton in Western Australia and the acquisition of a Dugbe NSR royalty in Liberia. Additional headlines highlight regulatory approvals affecting underlying projects, including expansion approvals at the Karlawinda gold project, which are relevant to Elemental’s royalty interests. Investors also see updates on option agreements executed by the company’s subsidiary Bronco Creek Exploration Inc. with partners like Ivanhoe Electric and First Quantum Minerals, which advance copper and copper-gold projects in the Laramide belt while granting Elemental NSR royalties, option payments and milestone payments.
Corporate and capital markets developments form another key theme. Releases have detailed a share consolidation, a major strategic investment by Tether Investments S.A. de C.V., changes to the board of directors, and the merger between Elemental Altus and EMX Royalty Corporation to form Elemental Royalty Corp. Subsequent announcements confirm the commencement of trading on the Nasdaq Capital Market under the ticker "ELE" while maintaining a TSX Venture Exchange listing.
By following the ELEMF news stream on Stock Titan, readers can review these company-issued updates, including royalty portfolio growth, option agreement terms, project-level milestones and listing changes, all of which shape the outlook for Elemental’s royalty and streaming business.
Elemental Altus Royalties (TSXV: ELE) (OTCQX: ELEMF) has published its 2024 Asset Handbook, showcasing its portfolio of over 80 royalties covering approximately 13,500 square kilometres. Key 2024 highlights include:
- Doubled existing producing royalties over Bonikro gold mine, Ballarat gold mine, and SKO
- Increased ownership of 21 exploration and development royalties in Australia
- Acquired 4.0% NSR on Mactung Project in Canada
- Allied Gold began mining at Korali-Sud1 with 3.0% NSR royalty
- Karlawinda Gold Project announced 30% production expansion to 150,000 ounces annually
- Arizona Sonoran Copper's Cactus Project PEA outlined 232 million pounds annual copper cathode production over 20 years
Elemental Altus Royalties held its Annual General and Special Meeting on November 28, 2024, announcing significant board changes and voting results. The company is reducing board size from nine to seven members, with Peter Williams and David Netherway withdrawing from re-election. Robert Milroy will retire by March 31, 2025. La Mancha committed to replace one of its nominees with an independent board member by December 31, 2024. The company will establish a Nominating & Governance Committee to oversee corporate governance and board nominations. Shareholders approved the Omnibus Plan and Advance Notice Policy, with all resolutions receiving strong support.
Elemental Altus Royalties reports strong Q3 2024 performance with record quarterly cash flow and EBITDA. Key highlights include: royalty revenue of $3.7M (up 32% YoY), adjusted revenue of $4.8M, and 1,941 Gold Equivalent Ounces (up 3% YoY). The company achieved operating cash flow plus Caserones dividends of $2.8M (up 42%) and adjusted EBITDA of $3.7M (up 72%). Notable acquisitions include a 4% royalty on Mactung tungsten project and AlphaStream's portfolio for $28M in equity. The company revised its 2024 guidance, expecting adjusted revenue of $21.6M-$23.1M and reduced GEO guidance to 9,000-9,500 ounces.
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.