Elemental Altus Royalties Corp. provides a portfolio update following operator news releases covering key royalties held by the Company and details of the Company's Options and RSU Grant. Highlights Lundin Mining Corporation announced on February 8, 2024, an increased Mineral Reserve and Mineral Resource Estimates for the Caserones Copper-Molybdenum Mine , more than replacing depleted Mineral Reserves and increasing [...]
Elemental Altus Royalties Corp. announces that it expects to receive an initial US$12.1 million in cash and equity as a result of its secured creditor claim against Rambler Metals and Mining Limited in relation to the Company's Ming gold stream . Highlights The initial US$12.1 million relating to the Ming stream contributes to ~US$20 million in one-off payments the Company expects to receive from across the portfolio in [...]
Elemental Altus Royalties Corp. announces the appointment of Vincent Benoit and Jack Lunnon from La Mancha Resource Capital LLP to the Board of Directors and the appointment of existing director John Robins as Chair of the Board. The appointments of Vincent Benoit and Jack Lunnon to the Board are made pursuant to the Company's investor rights agreement with La Mancha, and replace La Mancha's existing director nominee [...]
Elemental Altus Royalties Corp. announces that after more than sixteen years of combined service Steven Poulton, the Company's Executive Chairman has advised the Company of his intention to retire from the board effective January 01, 2024. Mr. Poulton was the former Chief Executive and co-founder in 2007 of Altus Strategies plc, which merged with Elemental Royalties in 2022 to form the Company. The board would like to [...]
Elemental Altus Royalties Corp. announces the release of its inaugural Asset Handbook which provides detailed information about the Company's portfolio of high quality and gold focused production and development stage royalties, as well as the underlying Mineral Resource and Mineral Reserve data. The handbook can be downloaded from the Company's recently updated website at www.elementalaltus.com. Frederick Bell, CEO of [...]
Elemental Altus Royalties Corp. announces its operating and financial results for the quarter ended September 30, 2023. For complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the three and nine months ended September 30, 2023, which can be found on the SEDAR+ website or the Company's website . Frederick Bell, CEO of Elemental Altus, commented: "The third quarter [...]
Royalty Expected to Generate Material near Term Income Elemental Altus Royalties Corp. announces the closing of the previously announced sale of the 'shovel-ready' Korali-Sud Small Scale Mining Licence & the highly prospective Lakanfla Exploration Licence to Allied Gold Corporation . The Project is located approximately 15km from Allied's Sadiola gold mine in Western Mali. Allied has announced its intention to fast-track [...]
Elemental Altus Royalties Corp. notes that Allied Gold Corporation has approved commencement of development work at the Diba gold project , which is contiguous with their flagship Sadiola gold mine in western Mali. Production at Diba is expected to commence in the first half of 2024 and the Company holds an initial 3% Net Smelter Return royalty, along with additional milestone payments. Highlights New producing royalty [...]
Elemental Altus Royalties Corp. announces that further to its news release dated August 23, 2023, the Company has completed the acquisition of two existing royalties from RCF Opportunities Fund L.P. for consideration of US$10,000,000 paid in 11,111,111 common shares of Elemental Altus at a price of C$1.20/share. Following the Acquisition, Elemental Altus has 195,990,392 common shares outstanding. The Royalties include an [...]
Elemental Altus Royalties Corp. , announces the voting results from its Annual General and Special Meeting held on September 7, 2023. Each of the resolutions approved at the meeting were described in detail in the Company's management information circular dated August 8, 2023, available on the SEDAR+ website at www.sedarplus.ca and on the Company's website at www.elementalaltus.com. Resolution Votes For Votes Against [...]
Elemental Altus Royalties Corp. announces the signing and completion of a subscription agreement with In2Metals Explorer S.à r.l. in respect of Akh Gold Ltd. . In2Metals is beneficially owned by the Egyptian Sawiris family who, through the Agreement, is underlining its commitment to invest directly and proactively into the development of Egypt's mining sector. In2metals is an affiliate of the Company's cornerstone [...]
Elemental Altus Royalties Corp. announces that it has entered into a binding agreement to acquire two existing royalties from RCF Opportunities Fund L.P. for consideration of US$10,000,000 payable in common shares of Elemental Altus . The Royalties include an aggregate 0.68% net smelter return royalty on the Cactus Project in Arizona , which is 100% owned by Arizona Sonoran Copper Company Inc. , and a 0.5% gross revenue [...]
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