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 [...]
Elemental Altus Royalties Corp. 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 for the three and six months ended June 30, 2023, which can be found on the SEDAR+ website or the Company's website . Second Quarter 2023 Financial Highlights: Record revenue of $2.6 million, up 25 [...]
Elemental Altus Royalties Corp. announces the generation of two new gold and copper Net Smelter Return 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. . Through its local branch, Altau holds a 100% interest in the 299.5 km2 Daro and 284.9 km2 Zager licences [...]
Elemental Altus Royalties Corp. announces that it has executed a Sale & Purchase Agreement with Allied Gold Corporation for the sale of the Company's 100% owned subsidiary Legend Mali III Inc. which indirectly owns 100% of the Korali-Sud Small Scale Mining Licence & Lakanfla Exploration Licence in western Mali. As consideration, Allied will pay up to US$6 million in cash and grant a Net Smelter Return royalty of up to 3 [...]
Elemental Altus Royalties Corp. notes that Lundin Mining Corporation has closed the acquisition of 51% of the Caserones copper-molybdenum mine 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 exploration potential at the mine. Elemental Altus holds an effective 0.473% NSR on the project [...]
Elemental Altus Royalties Corp. announces that it has acquired an additional NSR interest on the Caserones copper-molybdenum mine in Chile for a total cash consideration of US$2.6 million. On March 27, 2023 Lundin Mining Corporation announced its intention to acquire a 51% interest in Caserones for a total consideration of US$950 million. Acquisition Highlights Increased interest in uncapped cash flowing NSR royalty on [...]
Elemental Altus Royalties Corp. announces its operating and financial results for the first quarter ended March 31, 2023. For complete details please refer to the Financial Statements and associated Management Discussion and Analysis for the three months ended March 31, 2023, which can be found on the SEDAR website or the Company's website . First Quarter 2023 Financial Highlights: Record revenue of $2.8 million, up 28 [...]
Elemental Altus Royalties Corp. announces its operating and financial results for the fourth quarter and full year ended December 31, 2022. For complete details, please refer to the Financial Statements and associated Management Discussion and Analysis for the three and twelve months ended December 31, 2022, available on SEDAR and the Company's website . Full Year 2022 Financial Highlights: Record revenue of $9.6 million [...]
Elemental Altus Royalties Corp. announces 2023 guidance of between 9,000 to 10,200 Gold Equivalent Ounces representing at its midpoint an approximate 65% increase on the 5,800 GEOs received in 2022. At a US$1,800 per ounce average realized gold price and US$3.75 per pound of copper, this guidance would provide the Company with 2023 revenue of approximately US$16.2 million to US$18.4 million1 with approximately 70 [...]
Elemental Altus Royalties Corp. reports preliminary quarterly revenue of approximately US$2.6 million and preliminary adjusted revenue1 of approximately US$2.8 million for the fourth quarter of 2022, an increase of approximately 21% from the fourth quarter of 2021. The Company's preliminary annual revenue is approximately US$9.6 million and the preliminary adjusted revenue is approximately US$10.5 million, up [...]