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.
Overview of Elemental Altus Royalties Corp.
Elemental Altus Royalties Corp. (TSXV: ELE, OTCQX: ELEMF) is a leading income-generating precious metals royalty company with a diversified portfolio of producing, pre-production, and discovery-stage assets. The company focuses on acquiring uncapped royalties and streams over producing or near-producing mining projects operated by established counterparties. This strategic approach offers investors superior exposure to gold and other precious metals while minimizing the risks typically associated with direct mining operations.
Core Business Model
Elemental Altus generates revenue through royalties and streaming agreements, which provide a percentage of revenue or physical production from mining projects in exchange for upfront capital. Its portfolio includes 11 producing royalties and numerous pre-production and exploration-stage assets, emphasizing high-quality, long-life projects in Tier 1 mining jurisdictions. By maintaining a diversified portfolio across multiple commodities and geographies, the company reduces risk and enhances its growth profile.
Key Assets and Portfolio Highlights
- Karlawinda Gold Project (Australia): A cornerstone asset contributing significant royalty revenue through a 2.0% Net Smelter Return (NSR) royalty.
- Korali-Sud (Sadiola) Gold Project (Mali): A 3% NSR royalty on the first 226,000 ounces of gold production, transitioning to a 2% uncapped NSR thereafter.
- Mactung Project (Canada): A 4% NSR royalty on one of the world’s largest and highest-grade tungsten deposits.
- South Kalgoorlie Operations (Australia): A producing asset with significant exploration upside, featuring a discovery bonus structure.
The company’s portfolio spans multiple jurisdictions, including North America, Australia, and Africa, ensuring exposure to diverse mining environments and reducing geopolitical risks.
Competitive Advantages
Elemental Altus differentiates itself through its focus on acquiring high-quality, uncapped royalties and its ability to identify assets with transformative potential. Its partnerships with established operators and strategic acquisitions, such as the recent AlphaStream portfolio, enhance its revenue generation capabilities and long-term growth prospects. Additionally, the company’s disciplined cost management and exposure to direct gold prices provide robust margins and cash flow.
Industry Context
The precious metals royalty and streaming industry offers an attractive investment model, providing exposure to commodity price upside without the operational risks of mining. Elemental Altus operates in a competitive landscape alongside major players like Franco-Nevada and Wheaton Precious Metals but distinguishes itself through its diversified asset base and strategic focus on high-growth jurisdictions.
Conclusion
Elemental Altus Royalties Corp. is a dynamic player in the precious metals royalty sector, offering a compelling combination of income generation, portfolio diversification, and growth potential. Its focus on acquiring uncapped royalties over high-quality assets positions it as a trusted partner for mining operators and a valuable investment vehicle for those seeking exposure to gold and other precious metals.
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.
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.
FAQ
What is the current stock price of Elemental Altus (ELEMF)?
What is the market cap of Elemental Altus (ELEMF)?
What does Elemental Altus Royalties Corp. do?
What are the key assets in Elemental Altus' portfolio?
How does Elemental Altus generate revenue?
What makes Elemental Altus different from other royalty companies?
What commodities does Elemental Altus focus on?
Who are Elemental Altus' key partners?
What is the significance of the Mactung Project to Elemental Altus?
What is the company's strategy for growth?
Where does Elemental Altus operate?
What are the risks associated with Elemental Altus' business model?
