Elemental Altus Receives US$9.6M Portfolio Payment
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or...
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Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces that it has received a further US$9.6 million as a result of its secured creditor claim against Rambler Metals and Mining Canada Limited, a wholly owned subsidiary of Rambler Metals and Mining PLC ("Rambler"), in relation to the Company's former Ming gold stream ("Ming stream").
Highlights
- The US$9.6 million received contributes towards up to US$15 million in portfolio payments the Company expects to receive across the portfolio in 2025
- The expected portfolio payments are additional to the US$30.1 million - US$34.3 million in royalty revenue for 2025 at a US$2,600/oz gold price, as previously guided by the Company
- A total of approximately US$12.3 million will have been received as a result of the secured creditor claim in relation to the Company's Ming stream, in addition to the US$0.5 million in prior stream revenue