Elemental Altus Royalties 2023 Full Year Results: Record Annual Revenue, Gold Equivalent Ounces, EBITDA, and Maiden Quarterly Profit
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the "Company") announces its operating and financial results for the fourth quarter and full year ended December 31, 2023. For complete details, please refer to the Financial Statements and associated Management Discussion and Analysis ("MD&A") for the year ended December 31, 2023, available on SEDAR+ (http://www.sedarplus.ca) and the Company's...
2024-04-17 8:00 AM EDT
Elemental Altus Royalties Announces 2024 Guidance, Forecasting Seventh Consecutive Year of Record Revenues
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the "Company") is pleased to announce materially higher guidance for 2024 building on record Adjusted Revenue1 in 2023. Highlights 2024 Guidance: 10,000 to 11,700 Gold Equivalent Ounces1 ("GEOs") representing at its midpoint a 20% increase on 2023 and an 85% increase from 2022 Growth Catalysts: Organic royalty revenue growth driven by Diba and...
2024-04-04 7:30 AM EDT
Elemental Altus Royalties Announces Record 2023 and Q4 Revenue, Beating Top End of Guidance
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") reports preliminary annual revenue and preliminary adjusted revenue of approximately US$11.7 million and US$17.8 million respectively, 70% higher than 2022, and is the sixth successive year of record revenue for the Company. Preliminary adjusted revenue is above the Company's guidance set for 2023. 2023 Highlights Record preliminary...
2024-03-04 8:00 AM EST
Elemental Altus Notes Positive Updates at Key Growth Royalties and Grant of Options
Vancouver, British Columbia--(Newsfile Corp. - February 29, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the "Company") 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 ("Lundin Mining") announced on February 8, 2024, an increased Mineral Reserve and Mineral Resource Estimates for the Caserones...
2024-02-29 8:00 AM EST
Elemental Altus Announces $12M in Payments from Ming Sale
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") 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 ("Ming stream"). Highlights The initial US$12.1 million relating to the Ming stream contributes to ~US$20 million in...
2024-02-20 8:00 AM EST
Elemental Altus Announces New Directors and Appointment of Chairman
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces the appointment of Vincent Benoit and Jack Lunnon from La Mancha Resource Capital LLP ("La Mancha") to the Board of Directors ("Board") 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...
2024-01-02 8:00 AM EST
Elemental Altus Announces Director Change
Vancouver, British Columbia--(Newsfile Corp. - December 27, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") 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...
2023-12-27 8:00 AM EST
Elemental Altus Publishes Inaugural Royalty Asset Handbook
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") 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...
2023-12-13 8:00 AM EST
Elemental Altus Royalties Announces Record Year to Date Revenue
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") 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 ("MD&A") for the three and nine months ended September 30, 2023, which can be found on the SEDAR+ website (www.sedarplus.ca) or the...
2023-11-23 7:00 AM EST
Elemental Altus Completes Sale of Diba Gold Project in Mali to Allied Gold for Royalty and Milestone Payments
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces the closing of the previously announced sale of the 'shovel-ready' Korali-Sud Small Scale Mining Licence ("Korali-Sud") & the highly prospective Lakanfla Exploration Licence ("Lakanfla") (combined "Diba" or "the Project") to Allied Gold Corporation ("Allied"). The Project is located approximately 15km from Allied's Sadiola...
2023-11-09 5:38 PM EST
Elemental Altus Notes Development Approval of Diba Project by Allied Gold
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") notes that Allied Gold Corporation ("Allied Gold") has approved commencement of development work at the Diba gold project ("Diba"), 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...
2023-09-18 8:30 AM EDT
Elemental Altus Completes Acquisition of Existing Royalty on Arizona Sonoran's Cactus Project from RCF Opportunities Fund L.P.
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces that further to its news release dated August 23, 2023, the Company has completed the acquisition of two existing royalties (the "Acquisition") 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,...
2023-09-11 9:00 AM EDT
Elemental Altus Royalties Announces Results of Annual General and Special Meeting
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company"), 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...
2023-09-08 8:30 AM EDT
Elemental Altus Partners Egyptian Gold Assets for Cash and Royalties
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the "Company") announces the signing and completion of a subscription agreement ("Agreement") with In2Metals Explorer S.à r.l. ("In2Metals") in respect of Akh Gold Ltd. ("Akh Gold"). In2Metals is beneficially owned by the Egyptian Sawiris family who, through the Agreement, is underlining its commitment to invest directly and proactively into the...
2023-08-28 8:30 AM EDT
Elemental Altus to Acquire an Existing Royalty on Arizona Sonoran's Cactus Project from RCF Opportunities Fund L.P.
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces that it has entered into a binding agreement (the "Agreement") to acquire two existing royalties (the "Royalties") from RCF Opportunities Fund L.P. ("RCF") for consideration of US$10,000,000 payable in common shares of Elemental Altus (the "Acquisition"). The Royalties include an aggregate 0.68% net smelter return ("NSR")...
2023-08-23 9:00 AM EDT
Elemental Altus Royalties Announces Record Second Quarter Revenue
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces its operating and financial results for the quarter ended June 30, 2023. For complete details please refer to the Financial Statements and associated Management Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2023, which can be found on the SEDAR+ website (http://www.sedarplus.ca) or the...
2023-08-21 5:00 PM EDT
Elemental Altus Generates Two New Gold & Copper Royalties in Ethiopia
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces the generation of two new gold and copper Net Smelter Return ("NSR") royalties, through the execution of a Sale & Purchase Agreement for the sale of 95% of its Ethiopian focused Seychelles incorporated subsidiary Altau Resources Ltd. to Canadian incorporated ANS Exploration Corp. ("ANS") (the "Transaction"). Through its local...
2023-07-25 8:00 AM EDT
Elemental Altus to Sell Diba Gold Project in Mali to Allied Gold, Operator of the Adjacent Flagship Sadiola Gold Mine for Cash & NSR Royalty
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces that it has executed a Sale & Purchase Agreement ("SPA") with Allied Gold Corporation ("Allied") for the sale of the Company's 100% owned subsidiary Legend Mali (BVI) III Inc. which indirectly owns 100% of the Korali-Sud Small Scale Mining Licence ("Korali Sud") & Lakanfla Exploration Licence ("Lakanfla") (combined "Diba" or...
2023-07-20 12:31 PM EDT
Elemental Altus Notes Completion of Lundin Mining's Acquisition of Caserones
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") notes that Lundin Mining Corporation ("Lundin Mining") (TSX: LUN) has closed the acquisition of 51% of the Caserones copper-molybdenum mine ("Caserones") in Chile. Additionally, Lundin Mining have announced H1 2023 production results, released an updated NI 43-101 technical report at Caserones, and highlighted the optimisation and...
2023-07-19 8:00 AM EDT
Elemental Altus Increases NSR Royalty on Caserones Copper Mine
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces that it has acquired an additional NSR interest on the Caserones copper-molybdenum mine ("Caserones") in Chile for a total cash consideration of US$2.6 million. On March 27, 2023 Lundin Mining Corporation ("Lundin Mining") announced its intention to acquire a 51% interest in Caserones for a total consideration of US$950...
2023-07-12 9:00 AM EDT