Elemental Altus Royalties Corp. notes the update regarding the Ming mine issued today by Rambler Metals and Mining plc , announcing Rambler's decision to pause operations at Ming until February 24, 2023 pending the delivery of key supplies to the mine. Rambler previously announced an efficiency improvement program in November 2022 alongside its ongoing discussions with Newgen Resources Lending Inc. with a view to a [...]
Elemental Altus Royalties Corp. announces that it has entered into a binding agreement to acquire a portfolio of 19 royalties from a wholly owned subsidiary of First Mining Gold Corp. for consideration of US$5,000,000 in cash and common shares . Acquisition Highlights 19 uncapped royalties acquired, significantly expanding the development pipeline including: 2.0% Net Smelter Return royalty on the development stage Pickle [...]
Elemental Altus Royalties Corp. announces the appointment of David Baker as Chief Financial Officer . David has over 12 years of industry experience and was most recently EVP Business Development at Elemental Altus, having joined the Company in April 2020. Previously, David provided equity capital markets advisory at Tamesis Partners LLP, and started his career at BMO Capital Markets. Frederick Bell, CEO of Elemental [...]
Elemental Altus Royalties Corp. announces it has completed its previously announced non-brokered private placement of 3,970,997 shares of Elemental at an issue price of C$1.28 per Common Share for aggregate gross proceeds of C$5,082,876.16 . The Common Shares were placed with institutional and private investors. The Company's directors and management subscribing for a total of C$905,856, representing 17.8% of the [...]
Elemental Altus Royalties Corp. is pleased to announce it has entered into an agreement with National Bank of Canada and Canadian Imperial Bank of Commerce for a revolving credit facility which allows the Company to borrow up to US$40 million , with an option to increase to US$50 million subject to satisfaction of certain conditions. Alongside the Facility, the Company announces the conversion into equity of approximately [...]
Elemental Altus Royalties Corp. announces its operating and financial results for the three and nine months ended September 30, 2022. For complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the three and nine months ended September 30, 2022, available on SEDAR or the Company's website . Highlights Record Q3 Adjusted Revenue1 of US$3.4 million attributable to [...]
Elemental Altus Royalties notes the recent announcement by Capricorn Metals Limited of an increase in Ore Reserves and Mineral Resources at the producing Karlawinda gold mine in Western Australia. Elemental Altus owns a 2.0% Net Smelter Return royalty on Karlawinda. Frederick Bell, CEO of Elemental Altus, commented: "We are delighted to see an increase in resources as well as high levels of reserve replacement at the [...]
Elemental Altus Royalties announces the completion of the vend-out of its 100% owned Morocco-focused copper subsidiary Aterian Resources Ltd to Eastinco Mining and Exploration. Aterian owns a 100% interest in 15 prospective projects primarily targeting copper and silver covering 762km2. Completion of the Transaction follows the satisfaction of certain conditions precedent, including admission to trading of the entire [...]
Elemental Royalties Corp. is pleased to announce that it is changing its name to "Elemental Altus Royalties Corp.". The name change follows the completion of the Company's share-for-share merger of equals with Altus Strategies Plc, announced on August 16, 2022, and was overwhelmingly approved by the Company's shareholders at the Company's Annual General and Special Meeting held on August 8, 2022. The name change is [...]
Elemental Royalties Corp. is pleased to announce the completion of the previously announced share-for-share merger of equals with Altus Strategies plc to create a global gold royalty champion. The Merger has created a diversified and scalable royalty company well positioned to acquire further high-quality, producing royalty and streaming assets and to serve as a platform for further consolidation in the royalty sector [...]
Elemental Royalties Corp. is pleased to announce its operating and financial results for the three months ended June 30, 2022. For complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the three months ended June 30, 2022, available on SEDAR or the Company's website . Frederick Bell, CEO of Elemental commented: "The announcement of the merger-of-equals with Altus [...]
Elemental Royalties Corp. , a diversified gold royalty company focused on quality, accretive and revenue-generating acquisitions across established and emerging mining regions, is pleased to announce the voting results from its Annual General and Special Meeting held on August 8, 2022. Each of the resolutions approved at the meeting were described in detail in the Company's management information circular dated July 8 [...]
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