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 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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