ELEMENTAL ALTUS ROYALTIES - ELEMF STOCK NEWS

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.

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.