Elemental Royalties Corp. is pleased to announce that it has received first gold deliveries under the gold purchase and sale agreement with Rambler Metals and Mining Canada Limited, a wholly owned subsidiary of Rambler Metals & Mining Plc , the owner of the Ming Copper-Gold Mine in Newfoundland and Labrador in Canada. In parallel, Elemental's 1% Net Smelter Return royalty on the Mercedes Gold Mine is now payable [...]
The boards of Elemental Royalties and Altus Strategies are pleased to announce they have reached agreement on the terms and conditions of a recommended share-for-share merger of equals of Elemental and Altus with the entire issued and to be issued share capital of Altus being acquired by Elemental. It is intended that the Merger will be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the [...]
Elemental Royalties Corp. is pleased to announce its operating and financial results for the three months ended March 31, 2022. For complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the three months ended March 31, 2022, available on SEDAR or the Company's website . Frederick Bell, CEO of Elemental commented: "The timing of the unsolicited approach that [...]
Elemental Royalties Corp. is pleased to provide an update regarding developments at several assets in its high-quality royalty and stream portfolio including producing assets Ming, Karlawinda, Wahgnion, and Amancaya. Highlights Measured and Indicated Gold Resource increases by 20,000 ounces at Ming copper-gold mine Reserve and Resource update at Karlawinda due to be published in H2 2022 Aggressive exploration continuing [...]
Elemental Royalties Corp. today confirmed that an inadequate, all-share hostile takeover bid made by Gold Royalty Corp. for Elemental was not successful. Based on information from available sources, Elemental estimates that significantly less than 5% of its shares were tendered to the Hostile Bid. Having failed to meet the statutory minimum tender condition of more than 50% of the Elemental shares outstanding , Gold [...]
Elemental Royalties Corp. today notes the extension for ten business days by Gold Royalty Corp. of its inadequate, all-share hostile takeover bid for Elemental. Based on information obtained by Elemental and its advisors from available sources, Elemental estimates that less than 5% of its shares were tendered to the Hostile Bid as of 5:00 pm yesterday April 27, 2022, which was the original expiry date for the Hostile Bid [...]
Elemental Royalties Corp. today reiterated its recommendation that shareholders REJECT an inadequate, all-share hostile takeover bid by Gold Royalty Corp. . As previously disclosed, Elemental's board of directors has unanimously determined that the Hostile Bid is not in the best interests of the Company or its shareholders. Elemental has also previously disclosed that it has been informed by holders of more than 50% of [...]
Elemental Royalties Corp. today commented on a misleading overstatement by Gold Royalty Corp. about the value of Gold Royalty's hostile takeover bid for Elemental and on Gold Royalty's unfounded criticism of Elemental's recently completed C$14 million private placement financing . Elemental reminds shareholders that the Hostile Bid involves a share exchange, not cash. Therefore, the value of the Hostile Bid is directly [...]
Elemental Royalties Corp. is pleased to announce that it has completed the previously announced acquisition of a gold purchase and sale agreement with Rambler Metals and Mining Canada Limited, a wholly owned subsidiary of Rambler Metals & Mining Plc , the owner of the Ming Copper-Gold Mine in Newfoundland and Labrador in Canada. As consideration for the Ming Gold Stream, Elemental made a cash payment of US$11 million to [...]
Elemental Royalties Corp. today announced that it completed its previously announced non-brokered private placement of 9,275,000 common shares of Elemental at an issue price of C$1.51 per Common Share for aggregate gross proceeds of C$14,005,250 . The net proceeds of the Offering will be used to fund the acquisition of a gold stream at the Ming Copper-Gold Mine in Newfoundland and Labrador in Canada , with the remainder [...]
Elemental Royalties Corp. today issued its audited financial results for the fourth quarter and full year ended December 31, 2021. The audited results confirm a strong increase in revenue previously disclosed on a preliminary basis on March 17, 2021. For complete details please refer to the Financial Statements and associated Management's Discussion and Analysis for the year ended December 31, 2021, available on SEDAR or [...]
Recommendation to REJECT the Hostile Bid is Further Reinforced HIGHLIGHTS Gold stream acquisition delivers immediate cash flow and uncapped long-term revenue potential from a Canadian mine with a long operating history and a track record of exploration success Minimum gold deliveries to Elemental set at 1,200 ounces per year for the first three years Financing, mostly with La Mancha, a new strategic investor, is at a 14 [...]
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