Welcome to our dedicated page for Elemental Altus news (Ticker: ELEMF), a resource for investors and traders seeking the latest updates and insights on Elemental Altus stock.
Elemental Altus Royalties Corp. (ELEMF) provides investors with streamlined access to gold and precious metals exposure through its royalty-focused business model. This news hub aggregates all material developments, offering stakeholders a centralized source for tracking the company’s strategic moves and financial performance.
Discover timely updates on royalty acquisitions, production milestones, and financial results. The page features verified press releases covering asset expansions, partnership agreements, and quarterly earnings—critical information for assessing the company’s non-dilutive growth strategy.
Key content includes updates on uncapped royalty streams, jurisdictional diversification efforts, and operational risk management. Investors gain insights into how Elemental Altus leverages its mining finance expertise to maintain stable cash flow across commodity cycles.
Bookmark this page for direct access to primary-source announcements. Check regularly to monitor the company’s progress in securing high-quality royalties and reinforcing its position in the global precious metals sector.
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.
Elemental Altus Royalties announced record revenue for Q1 2024, reporting a 24% increase to $3.3 million and adjusted revenue of $4.7 million. The company achieved an EBITDA of $3.2 million, up 42% from Q1 2023. Attributable Gold Equivalent Ounces (GEOs) rose 13% to 2,283 ounces. Operating cash flow plus Caserones dividends reached $1.2 million, reversing a loss in Q1 2023. Key financial moves include repaying $5 million in debt, ending the quarter with $9 million in cash, and retaining $25 million in undrawn credit. Elemental Altus projects a 19% increase in GEOs for 2024 and anticipates significant cash flow from Diba's new gold production in Q2 2024. Other updates include increased royalty sales from Bonikro and new royalty acquisitions, including a lithium project in Rwanda.
Elemental Altus Royalties Corp. announced the acquisition of a 1.25%-1.40% net smelter return royalty from Aterian Plc over the HCK Lithium Project in Rwanda under a Joint Venture agreement with Rio Tinto. The royalty covers lithium prospects managed by Rio Tinto with potential for major exploration. The transaction was completed non-cash, benefiting both companies financially.
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