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Elemental Altus Royalties Corp. (ELEMF) is a revenue-generating precious metals royalty company with a diversified portfolio of pre-production and discovery stage assets. The company focuses on acquiring uncapped royalties and streams over producing or near-producing mines operated by established counterparties. Led by CEO Frederick Bell, Elemental Altus has reported a sixth successive year of record revenue, with a strong outlook for 2024. The company's 2023 adjusted revenue of approximately US$17.8 million exceeded guidance, driven by a significant increase in sales volume. By strengthening its financial position and expanding its royalty portfolio, Elemental Altus aims to provide investors with exposure to gold while reducing risk.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the retirement of Executive Chairman Steven Poulton. Mr. Poulton, former CEO and co-founder of Altus Strategies plc, has been with the company for more than sixteen years. He will retire from the board effective January 01, 2024, but will continue as an independent consultant to the Company. The company expresses gratitude for his contributions and highlights the successful transactions and strategic direction achieved under his leadership.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) releases its inaugural Asset Handbook, offering detailed information on the company's assets and operations.
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Elemental Altus Royalties Corp. (ELE) announces its Q3 2023 financial results, including record revenue of US$7.8 million, a 10% increase from 2022, and Adjusted Revenue of US$12.2 million, a 58% increase from 2022. The company reported a record Gold Equivalent Ounces of 6,187oz, a 47% increase from 2022, and a record Adjusted EBITDA of US$7.8 million, a 41% increase from 2022.
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) announces the sale of the Diba Project to Allied Gold Corporation, expected to generate material near term income through uncapped Net Smelter Return royalties. The Project is strategically located near Allied's Sadiola gold mine in Western Mali, with an average production of 230,000 ounces over 2024 and 2025. The sale includes milestone payments and a significant investment in development, with the potential for further expansion and new discoveries.
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Elemental Altus Royalties Corp. notes Allied Gold Corporation's approval of development work at the Diba gold project in Mali, with production expected to start in H1 2024. Elemental Altus holds a 3% NSR royalty and will receive milestone payments. The project is forecasted to generate over 6,000 GEOs and up to $6 million in cash payments over 2024-2025. The potential for further expansion and exploration adds future value.
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Elemental Altus completes acquisition of royalties for US$10,000,000 in common shares. Includes 0.68% net smelter return royalty on Cactus Project and 0.5% gross revenue royalty on Nyanga Copper-Nickel Project.
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Elemental Altus announces voting results from Annual General and Special Meeting
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Elemental Altus Royalties Corp. announces a subscription agreement with In2Metals Explorer for Akh Gold Ltd.
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Elemental Altus Royalties Corp. announces acquisition of two royalties from RCF Opportunities Fund for US$10,000,000
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Elemental Altus Royalties Corp. reports record revenue and impressive growth in Q2 2023
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FAQ
What is the current stock price of ELEMENTAL ALTUS ROYALTIES (ELEMF)?
The current stock price of ELEMENTAL ALTUS ROYALTIES (ELEMF) is $0.85 as of October 15, 2024.
What is the market cap of ELEMENTAL ALTUS ROYALTIES (ELEMF)?
The market cap of ELEMENTAL ALTUS ROYALTIES (ELEMF) is approximately 177.8M.
What is Elemental Altus Royalties Corp.?
Elemental Altus Royalties Corp. is a revenue-generating precious metals royalty company with a focus on acquiring uncapped royalties and streams over producing or near-producing mines.
Who leads Elemental Altus Royalties Corp.?
Frederick Bell is the CEO of Elemental Altus Royalties Corp., leading the company's operations and strategic initiatives.
What was the company's financial performance in 2023?
In 2023, Elemental Altus reported record revenue of approximately US$17.8 million, marking the sixth consecutive year of revenue growth.
What are the key highlights of Elemental Altus Royalties Corp.?
Elemental Altus focuses on building a diversified royalty portfolio, expanding revenue streams, and offering investors exposure to gold with reduced risk.
What is the outlook for Elemental Altus in 2024?
Elemental Altus expects to generate significant free cash flow in 2024, invest in new opportunities, and benefit from the strong performance of gold and copper markets.
ELEMENTAL ALTUS ROYALTIES