Elemental Altus Royalties Corp. (ELE:CA) (OTCQX: ELEMF) ("Elemental Altus" or the "Company") forecasts record Gold Equivalent Ounces ("GEO") and adjusted revenue for 2025, with an expected 50% increase in adjusted revenue to US$32 million at the mid-point of guidance. This comes after the Company delivered record preliminary annual revenue and preliminary adjusted revenue of approximately US$16.3 million and US$21.6 million respectively for 2024. 2024 preliminary adjusted revenue marks a 21% increase from 2023 and underscores the Company's achievement of seven consecutive years of record revenue.
Adjusted revenue guidance for 2025 does not include up to US$15 million in additional payments expected from royalty milestones, buybacks and previous agreements.
In addition, the Company announces the appointment of Sandeep Singh to the board as an independent non-executive director.
"We are pleased to announce another record year for Elemental Altus, with preliminary adjusted revenue reaching US$21.6 million in 2024 - marking our seventh consecutive year of revenue growth. This 21% increase over 2023 was achieved despite maiden revenue from the Korali-Sud royalty shifting into Q1 2025.
Looking ahead, the Company is now debt-free, having repaid US$30 million over the past twelve months. With lower costs driving significant margin expansion and record adjusted revenue, Elemental Altus is well-positioned for continued growth. The Company also stands to benefit from up to US$15 million in additional portfolio payments and has access to an enhanced US$50 million credit facility, providing the strongest balance sheet in the Company's history."
Director Appointment
Elemental Altus is pleased to welcome Sandeep Singh to the Board effective immediately. Mr. Singh brings extensive experience in the mining and royalty sector, including his tenure as President and CEO of Osisko Gold Royalties (OR), where he successfully led its strategic turnaround. His expertise and familiarity with the royalty space and mining capital markets will be strong assets to the Company going forwards.