Elemental Altus Royalties / ELE (TSX.V)

Elemental Altus Royalties Secures up to US$50 Million Credit Facility, Announces Fundraise and Debt Conversion & Repayment

https://www.newsfilecorp.com/release/146521
Highlights

• Up to US$50 million Revolving Facility with NBC and CIBC and repayment of Sprott loan
• Outstanding debt reduced to US$30 million at significantly lower interest rates, saving over US$3.5 million in interest annually
• Materially decreases the Company's cost of capital and improves access to credit going forward
• Company in a strong position to transact on further accretive royalties and stream opportunities
• La Mancha has increased its shareholding in the Company to approximately 34.3% prior to proposed Financing

Moin @Blue Horseshoe

Kannst du bitte den Namen im Kopf ändern? Danke!

Grüße, S.

Elemental Altus Royalties Announces Closing of C$5.1M Fundraise and Grant of Options

Elemental Altus Announces Appointment of Chief Financial Officer
https://www.newsfilecorp.com/release/151825

Elemental Altus: A Junior Royalty/Streamer At A Reasonable Price $ELE
https://ceo.ca/@taylordart/ele…mer-at-a-reasonable-price
The immense success of names like Wheaton Precious Metals (WPM.TSX), Franco-Nevada (FNV.TSX), and Royal Gold (RGLD) has made the royalty/streaming sector quite popular among investors, given that it's a superior way to gain precious metals exposure and following the resumption of the bull market for gold in 2016 after what was a violent secular bear market; competition has certainly heated up in this segment of the space. In fact, we've seen multiple new companies move into the spotlight or announce their debuts, including Ely Gold Royalties (previously Ely Gold & Minerals), Elemental Royalties (ELE.V), Maverix Metals (MMX.TSX), Orogen Royalties (OGN.V), Gold Royalty Corporation (GROY), Empress Royalty (EMPR.V), Star Royalties (STRR.V), and others. Not surprisingly, this has led to some much overdue consolidation, with earlier entrants to the space Golden Valley and Abitibi swallowed by new-comer Gold Royalty Corporation, and Ely Gold Royalties acquired as well to create a larger company in a better position to grow its asset base from cash flows vs. debt and share dilution.

The most recent transactions in the space have included Royal Gold's acquisition of Great Bear Royalties (spin-out), Triple Flag and Maverix's merger in Q4 2022, and the attempted but failed takeover of Elemental Royalties, which led to the marriage of Elemental Royalties and Altus Strategies shortly after the Gold Royalty Corporation bid failed. In this update, we'll focus on the new company formed from this transaction, Elemental Altus, which sports a US$196 million fully-diluted market cap but a much larger portfolio with a solid pipeline. In fact, the new company boasts 11 producing royalties (well ahead of the majority of its junior royalty/streaming peers), with a portfolio underpinned by two cornerstone assets, a 0.42% NSR on the Caserones Copper Mine in Chile and a 2.0% NSR on the Karlawinda Gold Project in Western Australia. Let's take a closer look at Elemental Altus Royalties ("Elemental") below:

Elemental Altus to Acquire Gold Royalty Portfolio from First Mining

https://www.newsfilecorp.com/release/153737
Acquisition Highlights

• 19 uncapped royalties acquired, significantly expanding the development pipeline including:
  
  
  • 2.0% Net Smelter Return ("NSR") royalty on the development stage Pickle Crow gold project in Ontario, Canada ("Pickle Crow"), one of the highest grade +2 million ounce gold deposits in the world, which has previously produced over 1.5 million ounces of gold
  • 1.5% NSR royalty on the development stage Hope Brook gold project in Newfoundland, Canada ("Hope Brook") which has previously produced approximately 0.75 million ounces of gold
• Substantially expands the Company's North American royalty presence, with an additional five royalties in Canada and the United States
• Increases global royalty land coverage by 20% (1,500km²), bringing Elemental Altus' royalty portfolio to over 75 royalties covering approximately 9,000km²
• To be funded by US$3,500,00 in cash and US$1,500,000 in equity

Elemental Altus Provides Update on Its Gold Purchase and Sale Agreement Involving the Ming Mine
https://www.newsfilecorp.com/release/155287

Elemental Altus Provides Portfolio Update

https://ceo.ca/@newsfile/eleme…provides-portfolio-update

Elemental Altus to Acquire Further Royalty Interest on Caserones Copper Mine

https://www.newsfilecorp.com/release/157729

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 Caserones.
Acquisition Highlights

• Immediate revenue from additional uncapped royalty on the producing Caserones copper mine
• Acquisition increases the effective royalty held by the Company to 0.443% NSR
• Caserones is owned and operated by industry leader JX Nippon Metals and Mining ("JX Nippon")
• Bolsters the Company's existing diversified revenue base in leading mining jurisdictions
• Acquisition will be completed in combination with existing joint royalty holders

Elemental Altus Royalties Announces Record Revenues for 2022

https://www.newsfilecorp.com/release/162227

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 2021 and the fifth successive year of record revenue for the Company.
2022 Highlights

• Preliminary adjusted Q4 revenue of US$2.8 million comprised of:
  
  
  • US$2.6 million attributable royalty revenue; and
  • US$0.2 million attributable revenue¹ from Caserones copper mine
• Repayment of Sprott loan and conversion of La Mancha shareholder loan to equity, materially decreasing the Company's indebtedness and cost of capital
• Completion of up to US$50 million Revolving Credit Facility with National Bank and CIBC and drawdown of initial US$30 million
• Capricorn Metals (ASX: CMM) achieved gold production in-line with their stated target of 115,000 to 125,000 ounces per annum and announced a significant update to the Reserves and Resources at the Karlawinda gold mine in Australia
• First royalty payments received from the Mercedes gold mine in Mexico where Bear Creek Mining (TSX-V:BCM) announced a US$4.4 million, 33,000 metre exploration program
• First royalty payments received from the Bonikro gold mine in Ivory Coast, operated by Allied Gold

Frederick Bell, CEO of Elemental Altus, commented:
"We are pleased to have achieved a fifth consecutive year of record revenues in 2022, together with a material refinancing of our credit facilities. Our record revenue is in spite of temporary interruptions at some of our royalties in the fourth quarter, demonstrating the benefits of increased diversification that our merger of equals with Altus Strategies achieved. Looking ahead, we expect 2023 to represent another record year, with several royalty acquisitions already announced and materially increased revenue expected from the Bonikro and Mercedes gold mines in particular."

Revenues
The preliminary adjusted fourth quarter revenue is based on sales volume of approximately 1,600 attributable gold equivalent ounces¹ ("GEOs") from royalty contracts for the fourth quarter of 2022, up approximately 24% from 1,294 GEOs from the fourth quarter of 2021.
For the full year 2022 and incorporating attributable revenue from the merger with Altus Strategies that completed on August 16, 2022, the preliminary adjusted revenue is based on sales volume of approximately 5,800 GEOs in 2022, up approximately 58% from 3,680 GEOs in 2021.
The Company notes that had the merger with Altus occurred at the start of the year, the Company's preliminary adjusted 2022 revenue¹ would be approximately US$14.5 million, up approximately 119% from 2021.
Royalty revenues are at zero cost and Ming stream revenues are subject to a 20% cost of sales. These results should be read in conjunction with the Company's audited financial statements for the year ended December 31, 2022, as and when released.

Elemental Altus Royalties Announces 65% Increase in Guidance for 2023

https://www.newsfilecorp.com/release/163152

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 70% attributable to gold and 30% to copper.
Frederick Bell, CEO of Elemental Altus, commented:
"The strong growth in our guidance for 2023 maintains our track record of increasing guidance every year since 2018. Our diversified portfolio of producing royalties on high quality mines, with proven operators, provides a strong foundation to our further growth. For 2023 we are projecting an approximate sixty five percent increase on the approximate 5,800 GEOs received in 2022. The increase is attributed to an uplift in GEOs expected from the Bonikro gold mine, along with incremental increases in production from the Karlawinda, Wahgnion, and Mercedes gold mines."
Significant Asset Updates

• Elemental Altus announces that it has paid a total of US$300,000 in cash to a private third-party entity to acquire an additional 0.25% NSR royalty on AuTECO's (ASX:AUT) Pickle Crow gold asset in Ontario, increasing the effective NSR royalty held by the Company to 2.25%.
• Lundin Mining (TSX:LUN) announced on March 27, 2023 that it has entered into a binding purchase agreement to acquire a 51% interest in the Caserones copper mine in Chile. Elemental Altus holds an effective 0.443% NSR royalty interest on Caserones².

Zitat von Sorgenfrei

Elemental Royalties Announces Gold Stream Acquisition, Concurrent Equity Financing and 2022 Guidance

https://ceo.ca/@newsfile/eleme…s-gold-stream-acquisition

HIGHLIGHTS

• Gold stream acquisition delivers immediate cash flow and uncapped long-term revenue potential from a Canadian mine with a long operating history and a track record of exploration success
• Minimum gold deliveries to Elemental set at 1,200 ounces per year for the first three years
• Financing, mostly with La Mancha, a new strategic investor, is at a 14% premium to the Hostile Bid¹
• 2022 guidance is an increase of between 54% and 81% in gold equivalent ounces compared with 2021 preliminary sales. The preliminary outlook is for further material growth in 2023
• Seventh producing asset for Elemental, uniquely diversified cash flow amongst royalty peers

Rambler Metals and Mining PLC ('Rambler' or the 'Company')

Update - Creditors Voluntary Liquidation

https://www.investegate.co.uk/…tion/202304210700039816W/

Elemental Altus Royalties Announces Record Attributable Production and Sales for 2022

https://www.newsfilecorp.com/release/164063

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:

• Record revenue of $9.6 million, up 46% on FYE December 2021
• Record adjusted revenue of $10.5 million up 59% on FYE December 2021
• Record Gold Equivalent Ounces ("GEOs") of 5,834 ounces up 59% on FYE December 2021
• Full year record adjusted EBITDA of $6.7 million, up 111% on FYE December 2021

Fourth Quarter 2022 Financial Highlights:

• Q4 revenue of $2.6 million up approximately 11% on FYE December 2021
• Q4 adjusted revenue of $2.8 million up approximately 21% on FYE December 2021
• Q4 attributable GEOs of 1,621 ounces up approximately 25% on FYE December 2021
• Cash position of $17.5 million with $20 million of revolving credit facility undrawn

Highlights and Key Developments

• On August 16, 2022, the Company completed the Merger with Altus Strategies plc
• On October 25, 2022, the Company announced the completion of the sale of its 100% owned Morocco-focused copper subsidiary, Aterian Resources Ltd. ("Aterian"), generating 15 new royalties for the Company
• On December 1, 2022 the Company entered into an agreement with National Bank of Canada ("NBC") and Canadian Imperial Bank of Commerce ("CIBC") for an up to US$50 million revolving credit facility
• Materially decreased the Company's cost of capital and reduced the total amount drawn, resulting in saving over US$3.5 million in interest annually

Elemental Altus Royalties Announces Record First Quarter Revenue
https://www.newsfilecorp.com/release/167135
First Quarter 2023 Financial Highlights:

• Record revenue of $2.8 million, up 28% compared to Q1 2022
• Record adjusted revenue of $3.8 million, up 74% compared to Q1 2022
• Record Gold Equivalent Ounces ("GEOs") of 2,016 ounces, up 76% compared to Q1 2022
• Record adjusted EBITDA of $2.4 million, up 143% compared to Q1 2022

Highlights and Key Developments:

• On February 21, 2023 the Company acquired a portfolio of 19 uncapped royalties from a wholly owned subsidiary of First Mining Gold Corp (TSX: FF) ("First Mining"). The portfolio included a 2.0% Net Smelter Return royalty on the development stage Pickle Crow gold project in Ontario owned by AuTECO Minerals Limited (ASX: AUT) ("AuTECO")
  
  
  • On April 20, 2023 the Company acquired an additional 0.25% NSR royalty on Pickle Crow increasing the percentage held to 2.25%
• In Q1 the Company entered into a binding agreement to acquire an additional 0.025% effective NSR royalty on the producing Caserones Copper-Molybdenum mine for consideration of $2.0 million in cash
  
  
  • The acquisition closed in early May 2023 resulting in Elemental Altus now holding an effective 0.443% NSR royalty on the project
  • Additionally, Lundin Mining (TSX: LUN) ("Lundin") recently announced the proposed acquisition of an initial 51% interest in the Caserones mine

Additional Asset Advances:

• At the SKO Mine, Northern Star Resources Limited (ASX: NST) ("Northern Star") announced successful underground exploration drilling extending the Mutooroo ore zone at HBJ by more than 200 metres along strike. In addition, Northern Star announced a new high grade gold discovery displaying mineralised intercepts over a 500 metre strike length, located approximately 20km west of the HBJ deposit and within the Company's royalty area
• At the Pickle Crow asset, AuTECO announced a 530,000 ounce (24%) increase to the Mineral Resource bringing the current Inferred Resource to 2.8Moz of gold at 7.2g/t

Endeavour verkauft Wahgnion
https://www.kitco.com/news/202…pdates-2023-guidance.html
Einnahmen aus dieser Royalty dürften im 1. Quartal 2023 ca 15% der Gesamteinnahmen von ELE ausgemacht haben.
Nicht notwendig eine Katastrophe, aber wie der Betrieb sich weiter entwickelt ist nun etwas unkalkulierbarer.
Gruß,
GL

Elemental Altus Increases NSR Royalty on Caserones Copper Mine

https://www.newsfilecorp.com/release/173234
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 Highlights

• Increased interest in uncapped cash flowing NSR royalty on Caserones copper mine in Chile
• Acquisition raises the effective NSR held by the Company on Caserones to 0.473%
• Lundin Mining has recently announced its intention to acquire a 51% stake in Caserones
• Acquisition undertaken in combination with existing joint royalty holders

Elemental Altus to Sell Diba Gold Project in Mali to Allied Gold, Operator of the Adjacent Flagship Sadiola Gold Mine for Cash & NSR Royalty

https://www.newsfilecorp.com/release/174207

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 will pay up to US$6 million in cash and grant a Net Smelter Return ("NSR") royalty of up to 3% on gold produced from the Project.
Highlights:

• The Diba Project is located 15 kilometres south of the processing plant of Allied's flagship Sadiola Gold Mine ("Sadiola") and is adjacent to the Sadiola Large Scale Mining Licence
• Existing shovel-ready resource at Korali-Sud Small Scale Mining Licence to be incorporated into Sadiola mine plan in 2024 and 2025, fast tracking royalty revenue and cash payments to Elemental Altus
• Sale will add new near-term production royalty to the Company, comprising:
  
  
  • 3.0% on first 226,000 ounces of gold produced from within Korali-Sud
  • 2.0% on all future production in excess of defined 226,000 ounces from the Project
• Additional consideration of up to US$6 million in cash, made up of:
  
  
  • US$1 million on Closing
  • US$1 million 90 days after commercial production with a long-stop date of 2025
  • US$2 million within 90 days of production of 100,000 ounces from within Korali-Sud
  • US$1 million within 90 days of production of 150,000 ounces from within Korali-Sud
  • US$1 million within 90 days of production of 200,000 ounces from within Korali-Sud

Elemental Altus Generates Two New Gold & Copper Royalties in Ethiopia
https://www.newsfilecorp.com/release/174767
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 in the 299.5 km² Daro and 284.9 km² Zager licences (the "Projects") located in the Arabian-Nubian shield geology of northern Ethiopia. The Projects are prospective for the discovery of Volcanogenic hosted Massive Sulphide ("VMS") copper and gold deposits.
Highlights:

• Royalty generation transaction with ANS on Copper and Gold Projects in northern Ethiopia signed July 21 2023
• Transaction consideration includes:
  
  
  • Two uncapped 2.5% NSR royalties over highly prospective ground
  • US$200,000 in cash with US$50,000 upfront and 5 quarterly payments of US$30,000
  • 5% equity interest in Altau retained, non-dilutable until completion of a feasibility study
  • Up to 5% equity interest in ANS upon any future Initial Public Offering of ANS equity
  • Milestone performance cash payments (for delivery on either of the Projects) of:
    
    
    • US$500,000 upon a compliant resource above 1 million ounces (gold equivalent)
    • US$500,000 on publication of a feasibility study
• ANS has a 5 year buy-back option on up to 1% of the royalties for US$1.5 million each
• ANS selected by Company given their high-calibre management and technical team with proven experience in East Africa
• Transaction remains subject to a number of administrative conditions

Elemental Altus Royalties Announces Record Second Quarter Revenue

https://www.newsfilecorp.com/release/177954
Second Quarter 2023 Financial Highlights:

• Record revenue of $2.6 million, up 25% compared to Q2 2022
• Record adjusted revenue of $4.7 million, inclusive of Caserones royalty revenue, up 127% compared to Q2 2022
• Record Gold Equivalent Ounces ("GEOs") of 2,377 ounces, up 109% compared to Q2 2022
• Record adjusted EBITDA of $3.3 million, up 184% compared to Q2 2022

Royalty Portfolio Highlights and Key Developments:

• On March 27, 2023 Lundin Mining Corporation (TSX: LUN) announced that it had entered into a binding purchase agreement to acquire a 51% interest in the Caserones copper-molybdenum mine in Chile ("Caserones")
  
  
  • On March 9, 2023, the Company entered into a binding agreement to acquire an additional 0.025% effective net smelter return ("NSR") royalty on Caserones
  • On July 12, 2023, the Company agreed to purchase an additional effective 0.030% NSR on Caserones, increasing the total effective NSR held to 0.473%
• On April 20, 2023, the Company announced that it had completed the acquisition of an additional 0.25% NSR royalty on the Pickle Crow project in Ontario, Canada from a private third-party entity for total consideration of US$300,000 in cash, increasing the effective NSR royalty held by the Company to 2.25%

Highlights Subsequent to June 30, 2023:

• On July 20, 2023, the Company announced that it agreed to the sale of its 100% owned Diba and Lakanfla gold licences in western Mali to Allied Gold Corporation ("Allied"), the owner and operator of the Sadiola gold mine. As consideration, Allied will grant a near-term production NSR royalty of 3% on the first 226,000 ounces of gold from certain deposits followed by a 2% uncapped royalty on all other production from the licences and pay up to $6 million in cash. The transaction will be completed after local regulatory approvals and filings are completed
• On July 25, 2023, the Company announced it had agreed to the sale of a 95% interest in its Daro and Zager copper-gold licences in northern Ethiopia to ANS Exploration ("ANS"). As consideration, ANS will pay US$200,000 in cash and grant two uncapped NSR royalties of 2.5% on copper and gold produced from the licences. The transaction will be completed after local regulatory approvals and filings are completed

Elemental Altus to Acquire an Existing Royalty on Arizona Sonoran's Cactus Project from RCF Opportunities Fund L.P.
https://www.newsfilecorp.com/release/178221
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 100% owned by Arizona Sonoran Copper Company Inc. ("Arizona Sonoran" or "ASCU"), and a 0.5% gross revenue royalty ("GRR") on the Nyanga Project in Gabon ("Nyanga Project"), which is 100% owned by Armada Metals Limited (ASX:AMM) ("Armada").
Acquisition Highlights

• 0.68% NSR¹ on the advanced development stage Cactus Project
  
  
  • Cactus is a brownfields porphyry copper project in Arizona which produced 200,000 short tons of copper between 1974 and 1984
  • Project is located on private land, has major development permits in place and is 100% owned by ASCU
  • Timely acquisition as a heap leach preliminary feasibility study ("PFS") is underway and is expected to substantially rescale the project with the addition of the adjacent Parks / Salyer deposit, targeting 45-50,000 short tons of annual copper production over an approximately 30 year life of mine
• 0.5% GRR on the exploration stage Nyanga Project, a highly-prospective magmatic nickel-copper sulphide project in Gabon with royalty coverage of 2,725km²
• Adds RCF as a new shareholder to Elemental Altus' high quality and institution-focused share register