ELE news ... posting the hilights"
Vancouver, British Columbia--January 20, 2022 - Elemental Royalties Corp. ... today announced that it expects an approximate 40% increase in successive quarterly revenue from production at the Karlawinda Gold Mine in Australia ("Karlawinda"), Elemental's flagship royalty asset. Revenue from Karlawinda, one of six Elemental royalties on producing assets, is estimated at US$1.1 million for the quarter ended December 31, 2021, up approximately 40% from US$0.8 million in the quarter ended September 30, 2021, which was Karlawinda's first quarter of commercial production and sales."
..."Elemental believes its valuable Karlawinda royalty is one of many strong reasons for shareholders to reject the hostile takeover bid from Gold Royalty Corp. The estimated Karlawinda revenue of US$1.1 million for the quarter ended December 31, 2021 is equivalent to nearly six times the total revenue of US$191,991 disclosed by Gold Royalty for its entire fiscal year ended September 30, 2021. As noted above, Elemental also has five other royalties on producing assets."