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 ("NSR") royalty, along with...
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, Elemental Altus has 195,990,392 common shares outstanding.The Royalties include an aggregate 0.68%1...
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 www.elementalaltus.com.
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 development of Egypt's mining sector. In2metals is an affiliate of...
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") royalty on the Cactus Project in Arizona ("Cactus Project"), which is...
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 Company's website (www.elementalaltus.com).Second Quarter 2023 Financial Highlights:Reco
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 branch, Altau holds a 100% interest...
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 "the Project") in western Mali. As consideration, Allied...
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 exploration potential at the mine. Elemental Altus holds an effective 0.473%...
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 million.Acquisition HighlightsIncreased interest in uncapped cash flowing NSR...
2023-07-12 9:00 AM EDT
Elemental Altus Royalties Announces Record First Quarter Revenue
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") 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 ("MD&A") for the three months ended March 31, 2023, which can be found on the SEDAR website (http://www.sedar.com) or the Company's website (www.elementalaltus.com).First Quarter 2023 Financial Highlights:Record re
2023-05-23 6:20 PM EDT
Elemental Altus Royalties Announces Record Attributable Production and Sales for 2022
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2023) - 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, 2022. For complete details, please refer to the Financial Statements and associated Management Discussion and Analysis ("MD&A") for the three and twelve months ended December 31, 2022, available on SEDAR (http://www.sedar.com) and the Company's website (www.elementalaltus.com).Full Year 2022 Financial Highlights:Reco
2023-04-28 7:30 AM EDT
Elemental Altus Royalties Announces 65% Increase in Guidance for 2023
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces 2023 guidance of between 9,000 to 10,200 Gold Equivalent Ounces ("GEOs") 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...
2023-04-20 8:00 AM EDT
Elemental Altus Royalties Announces Record Revenues for 2022
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") 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 approximately 59% from US$6.6 million for...
2023-04-13 8:00 AM EDT
Elemental Altus to Acquire Further Royalty Interest on Caserones Copper Mine
Vancouver, British Columbia--(Newsfile Corp. - March 9, 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 an additional 0.025% effective net smelter return ("NSR") royalty (the "Royalty") on the producing Caserones Copper-Molybdenum mine ("Caserones"), located in the Atacama region of northern Chile, for consideration of approximately US$2M in cash (the "Acquisition"). Elemental Altus now holds an effective 0.443% NSR royalty on...
2023-03-09 7:00 AM EST
Elemental Altus Provides Portfolio Update
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") provides a portfolio update regarding developments at several assets in its high-quality royalty and stream portfolio, including at the Karlawinda gold mine, the Wahgnion gold mine and the Mercedes gold mine. Additionally, the Company announces that Sandra Bates (General Counsel) has been appointed Corporate Secretary.HighlightsCapricorn Metals continued to report positive, near-mine drill results at the Karlawinda gold mine...
2023-03-07 7:00 AM EST
Elemental Altus Completes Acquisition of Royalty Portfolio from First Mining
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") is pleased to announce that it has completed the previously announced acquisition of 19 royalties (the "Royalties") from a wholly owned subsidiary of First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) ("First Mining").Frederick Bell, CEO of Elemental Altus, commented: "We're delighted to complete this transaction and create further value for shareholders by adding high quality development stage projects...
2023-02-21 6:29 PM EST
Elemental Altus Provides Update on Its Gold Purchase and Sale Agreement Involving the Ming Mine
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") notes the update regarding the Ming mine ("Ming") issued today by Rambler Metals and Mining plc ("Rambler"), 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...
2023-02-17 3:00 PM EST
Elemental Altus to Acquire Gold Royalty Portfolio from First Mining
Vancouver, British Columbia--(Newsfile Corp. - February 6, 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 a portfolio of 19 royalties (the "Royalties") from a wholly owned subsidiary of First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) ("First Mining") for consideration of US$5,000,000 in cash and common shares (the "Acquisition").Acquisition Highlights19 uncapped royalties acquired, significantly expanding the development pipeline including:2.0%...
2023-02-06 7:01 AM EST
Elemental Altus Announces Appointment of Chief Financial Officer
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces the appointment of David Baker as Chief Financial Officer ("CFO").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...
2023-01-19 7:00 AM EST