Elemental Altus Receives US$9.6M Portfolio Payment
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) ha ricevuto 9,6 milioni di dollari USA dal suo credito garantito contro Rambler Metals and Mining Canada Limited relativo allo streaming dell'oro Ming. Questo pagamento fa parte di un totale fino a 15 milioni di dollari USA in pagamenti di portafoglio previsti per il 2025, aggiuntivi ai ricavi da royalty stimati dall'azienda per il 2025, compresi tra 30,1 e 34,3 milioni di dollari USA (considerando il prezzo dell'oro a 2.600 USD/oz).
Il ritorno totale dallo streaming Ming raggiungerà circa 12,8 milioni di dollari USA, inclusi 0,5 milioni di dollari USA di ricavi da streaming precedenti, superando il costo iniziale di acquisizione di 11 milioni di dollari USA nel 2022. Questo pagamento segue l'acquisizione del gruppo Rambler da parte di FireFly Metals per un massimo di 65 milioni di dollari australiani, approvata dalla Corte Suprema di Terranova e Labrador.
Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) ha recibido 9,6 millones de dólares estadounidenses por su reclamo como acreedor garantizado contra Rambler Metals and Mining Canada Limited relacionado con el stream de oro Ming. Este pago forma parte de hasta 15 millones de dólares en pagos de cartera esperados para 2025, que se suman a los ingresos por regalías proyectados por la compañía para 2025, entre 30,1 y 34,3 millones de dólares (con un precio del oro de 2.600 USD/oz).
El retorno total del stream Ming alcanzará aproximadamente 12,8 millones de dólares, incluyendo 0,5 millones de dólares en ingresos previos por el stream, superando el costo original de adquisición de 11 millones de dólares en 2022. Este pago se produce tras la adquisición del grupo Rambler por parte de FireFly Metals por hasta 65 millones de dólares australianos, aprobada por la Corte Suprema de Terranova y Labrador.
Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF)는 Ming 금 스트림과 관련하여 Rambler Metals and Mining Canada Limited에 대한 담보 채권 청구로부터 960만 미국 달러를 받았습니다. 이 지급은 2025년에 예상되는 최대 1,500만 미국 달러의 포트폴리오 지급의 일부이며, 이는 회사가 2025년(금 가격 온스당 2,600달러 기준)에 예상하는 3,010만~3,430만 미국 달러의 로열티 수익에 추가되는 금액입니다.
Ming 스트림에서의 총 수익은 이전 스트림 수익 50만 달러를 포함하여 약 1,280만 미국 달러에 달하며, 2022년에 인수한 원래 비용인 1,100만 달러를 초과합니다. 이 지급은 뉴펀들랜드 및 래브라도 대법원이 승인한 FireFly Metals의 Rambler 그룹 인수(최대 6,500만 호주 달러) 이후에 이루어졌습니다.
Elemental Altus Royalties (TSXV : ELE, OTCQX : ELEMF) a reçu 9,6 millions de dollars US au titre de sa créance garantie contre Rambler Metals and Mining Canada Limited concernant le flux d'or Ming. Ce paiement fait partie d'un total pouvant atteindre 15 millions de dollars US en paiements de portefeuille attendus en 2025, en plus des revenus de redevances projetés par la société pour 2025, estimés entre 30,1 et 34,3 millions de dollars US (au prix de l'or de 2 600 USD/l’once).
Le rendement total du flux Ming atteindra environ 12,8 millions de dollars US, incluant 0,5 million de dollars US de revenus antérieurs provenant du flux, dépassant ainsi le coût d'acquisition initial de 11 millions de dollars US en 2022. Ce paiement fait suite à l'acquisition du groupe Rambler par FireFly Metals pour un montant pouvant atteindre 65 millions de dollars australiens, approuvée par la Cour suprême de Terre-Neuve-et-Labrador.
Elemental Altus Royalties (TSXV: ELE, OTCQX: ELEMF) hat 9,6 Millionen US-Dollar aus seiner gesicherten Gläubigerforderung gegen Rambler Metals and Mining Canada Limited bezüglich des Ming-Gold-Streams erhalten. Diese Zahlung ist Teil von bis zu 15 Millionen US-Dollar an Portfoliobezahlungen, die für 2025 erwartet werden und zusätzlich zu den prognostizierten Lizenzgebühren des Unternehmens von 30,1 bis 34,3 Millionen US-Dollar für 2025 (bei einem Goldpreis von 2.600 USD/oz) kommen.
Die Gesamtrendite aus dem Ming-Stream wird etwa 12,8 Millionen US-Dollar erreichen, einschließlich 0,5 Millionen US-Dollar aus früheren Stream-Einnahmen, und übersteigt damit die ursprünglichen Anschaffungskosten von 11 Millionen US-Dollar im Jahr 2022. Die Zahlung erfolgt nach der Übernahme der Rambler-Gruppe durch FireFly Metals für bis zu 65 Millionen australische Dollar, genehmigt vom Obersten Gerichtshof von Neufundland und Labrador.
- Total expected revenue and payments for 2025 of at least US$45 million, marking strongest financial position in company history
- Ming stream investment generated US$12.8 million total return vs US$11 million acquisition cost (16.4% return)
- Additional US$15 million in portfolio payments expected in 2025 beyond regular royalty revenue
- Strong projected royalty revenue guidance of US$30.1-34.3 million for 2025
- None.
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces that it has received a further US
Highlights
- The US
$9.6 million received contributes towards up to US$15 million in portfolio payments the Company expects to receive across the portfolio in 2025 - The expected portfolio payments are additional to the US
$30.1 million - US$34.3 million in royalty revenue for 2025 at a US$2,600 /oz gold price, as previously guided by the Company - A total of approximately US
$12.3 million will have been received as a result of the secured creditor claim in relation to the Company's Ming stream, in addition to the US$0.5 million in prior stream revenue
Frederick Bell, CEO of Elemental Altus, commented:
"We are pleased to receive the final instalments relating to the Ming stream that will take our total return to approximately US
Ming Payments
Following a formal Sales and Investment Solicitation Process ("SISP") relating to Rambler Metals and Mining Limited, the Supreme Court of Newfoundland and Labrador approved a bid from FireFly Metals Ltd ("Firefly") to acquire the Rambler Group for a total consideration of up to A
The Company had the right to submit a secured claim against the total consideration being paid alongside other secured creditors. Since completion of the acquisition by FireFly, the Company has realised approximately US
Frederick Bell
CEO and Director
Corporate & Media Inquiries:
Tel: +1 604 646 4527
info@elementalaltus.com
www.elementalaltus.com
Elemental Altus is a proud member of Discovery Group. For more information please visit: www.discoverygroup.ca or contact +1 604 646 4527.
TSXV: ELE | OTCQX: ELEMF | ISIN: CA28619K1093 | CUSIP: 28619K109
About Elemental Altus Royalties Corp.
Elemental Altus is an income generating precious metals royalty company with 10 producing royalties and a diversified portfolio of pre-production and discovery stage assets. The Company is focused on acquiring uncapped royalties and streams over producing, or near-producing, mines operated by established counterparties. The vision of Elemental Altus is to build a global gold royalty company, offering investors superior exposure to gold with reduced risk and a strong growth profile.
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V.) accepts responsibility for the adequacy or accuracy of this press release.
Notes
Market and industry data
This news release includes market and industry data and forecast that were obtained from third-party sources, industry publications and publicly available information. Third-party sources generally state that the information therein has been obtained from sources believed to be reliable, but there can be no assurances as to the accuracy or completeness of included information. Although management believes it to be reliable, management has not independently verified any of the data from third-party sources referred to in this news release or analyzed or verified the underlying studies or surveys relied upon or referred to by such sources, or ascertained the underlying economic assumptions relied upon by such sources.
Cautionary note regarding forward-looking statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, (together, "forward-looking statements"), concerning the business, operations and financial performance and condition of the Company. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold; the estimation of mineral reserves and mineral resources; the realization of Mineral Reserve estimates; the Company's growth prospects; the Company's estimated 2025 revenues; and the timing and amount of estimated future production. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects" or "does not expect," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates" or "does not anticipate," "believes," "projects" or variations of such words and phrases or state that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur" or "be achieved." Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to, volatility in the price of gold, discrepancies between anticipated and actual production by companies in our portfolio, risks inherent in the mining industry to which the companies in our portfolio are subject, regulatory restrictions, the impact of the current COVID-19 pandemic on the companies in our portfolio, activities by governmental authorities (including changes in taxation), currency fluctuations and the accuracy of the mineral reserves, resources and recoveries set out in the technical data published by the companies in our portfolio. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company cautions readers not to place undue reliance on forward-looking statements, as forward-looking statements involve significant risks and uncertainties. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. The Company does not undertake to update any forward-looking statements except in accordance with applicable Canadian securities laws. Readers are directed to the Company's Annual Information Form dated April 29, 2024, filed under the Company's profile on SEDAR (www.sedarplus.ca) for a complete list of applicable risk factors. Investors are advised that National Instrument 43-101 Standards for disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators requires that each category of Mineral Reserves and Mineral Resources be reported separately. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250432
FAQ
How much did Elemental Altus (ELEMF) receive from the Ming stream payment in May 2025?
What is Elemental Altus's (ELEMF) total expected revenue for 2025?
What was the total return on Elemental Altus's Ming stream investment?
Who acquired the Rambler Group and for how much?
