Elemental Altus Stock Price, News & Analysis

Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) has announced it will release its Q1 2025 financial results before market open on Tuesday, May 20, 2025. The company will host an investor webcast on the same day at 11am Eastern Time (8am Pacific Time), which will include a results presentation followed by a Q&A session. A replay of the webcast will be made available on the company's website after the presentation.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) has received US$9.6 million from its secured creditor claim against Rambler Metals and Mining Canada Limited regarding the Ming gold stream. This payment is part of up to US$15 million in portfolio payments expected in 2025, which is additional to the company's projected royalty revenue of US$30.1-34.3 million for 2025 (at US$2,600/oz gold price).

The total return from the Ming stream will reach approximately US$12.8 million, including US$0.5 million in prior stream revenue, surpassing the original US$11 million acquisition cost in 2022. The payment comes following FireFly Metals' acquisition of the Rambler Group for up to A$65 million, approved by the Supreme Court of Newfoundland and Labrador.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) has scheduled the release of its Q4 2024 financial results for April 16, 2025, after market close. The company will host an investor webcast on April 17, 2025, at 11am Eastern Time (8am Pacific Time), featuring a presentation of the results followed by a Q&A session.

Elemental Altus Royalties Corp (TSXV: ELE) (OTCQX: ELEMF) has announced the TSX Venture Exchange's acceptance of its Normal Course Issuer Bid (NCIB). Under this program, the company can purchase up to 12,288,129 common shares, representing 5% of its outstanding shares, between March 25, 2025, and March 24, 2026.

The share purchases will be executed at prevailing market prices through Raymond James All acquired shares will be returned to treasury for cancellation. The company has implemented an automatic purchase price plan to facilitate share purchases during blackout periods, with parameters set by Elemental Altus.

The board believes the market price may not fully reflect the company's underlying value and future prospects, viewing the share buyback as an appropriate use of corporate funds to enhance shareholder value.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) projects a 50% increase in adjusted revenue to US$32 million for 2025, following record preliminary annual revenue of US$16.3 million and adjusted revenue of US$21.6 million in 2024. The company expects to deliver 11,600-13,200 Gold Equivalent Ounces (GEOs) in 2025.

The 2024 results marked a 21% increase from 2023, achieving seven consecutive years of record revenue. The company anticipates up to US$15 million in additional payments from royalty milestones and previous agreements in 2025, with over US$10 million expected in the first half.

Additionally, Sandeep Singh, former CEO of Osisko Gold Royalties, has been appointed to the board as an independent non-executive director, replacing Robert Milroy. The company is now debt-free after repaying US$30 million over the past twelve months and has access to an enhanced US$50 million credit facility.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) reports that Allied Gold achieved approximately 48,000 ounces of gold production from Korali-Sud during Q4 2024, marking the first quarter of full production. The company holds a 3% Net Smelter Return (NSR) royalty on the first 226,000 ounces of gold produced at Korali, followed by an uncapped 2% NSR thereafter.

Sales from Korali-Sud will contribute to Elemental Altus in Q1 2025. The company expects to receive a US$1 million milestone payment, the first of four payments, 90 days after commercial production begins. A second milestone payment of US$2 million is due after 100,000 ounces production.

As of December 31, 2023, Korali-Sud had Proven and Probable Mineral Reserves of 6.1 million tonnes at 1.43g/t Au for 280,000 ounces gold, and Measured and Indicated Resources of 8.8 million tonnes at 1.33g/t for 377,000 ounces.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) has appointed Matthieu Bos to its Board of Directors as an independent non-executive director. The appointment is made under the company's investor rights agreement with La Mancha, replacing Jack Lunnon as La Mancha's director nominee. The Board maintains seven directors, with six being non-executives.

Bos, currently President and CEO of Falcon Energy Materials plc, brings significant mining capital markets experience. In his previous role as Executive Vice President Africa at Ivanhoe Mines, he was instrumental in delivering the Kamoa-Kakula Copper Project and helped secure US$3 billion in equity and debt financings from investors including Zijin Mining and CITIC Metal.

Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) reports significant developments for two of its royalty assets. Fireweed Metals secured US$15.8M from the U.S. Department of Defense and C$12.9M from the Canadian government to advance the Mactung Project, where Elemental holds an uncapped 4% NSR royalty. The funding will support mine design optimization, studies, and infrastructure improvements.

Additionally, Rumble Resources plans to expedite development at the Western Queen Gold Project in Western Australia, where Elemental holds an A$6-A$20/oz gold production royalty and 2% NSR. Rumble has entered a non-binding term sheet with Bain Global Resources and MEGA Resources, targeting a joint venture agreement by February 2025.