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Elemental Altus Royalties Corp V.ELE

Alternate Symbol(s):  ELEMF

Metals & Mining Gold
Elemental Altus Royalties Corp. is a Canada-based precious metals royalty company. The Company has about 11 producing royalties and a diversified portfolio of pre-production and discovery stage assets. It is focused on acquiring uncapped royalties and streams over producing, or near-producing, mines operated by established counterparties, as well as generating royalties on new discoveries. The Company's portfolio includes Amancaya, Ballarat, Bonikro, Caserones, Karlawinda, Mercedes, Mt. Pleasant, Mulgarrie, South Kalgoorlie, Wahgnion, Mactung, and Cantung. Amancaya mine is located in northern Chile approximately 200km southeast of Antofagasta. Ballarat is an underground gold mine located 115 km northwest of Melbourne in Ballarat, Victoria, Australia. The Bonikro open-pit gold mine is located in Cote d'Ivoire, 230 km north-west of Abidjan and produce gold. The Caserones mine is a large, open-pit porphyry copper-molybdenum deposit, located in the Atacama region of northern Chile.


TSXV:ELE - Post by User

Elemental Altus Royalties Corp
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Post by Betteryear2on Aug 23, 2023 11:28pm
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Post# 35603114

Elemental Altus to Acquire an Existing Royalty

Elemental Altus to Acquire an Existing RoyaltyVancouver, 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").


Elemental Altus to Acquire an Existing Royalty on Arizona Sonoran's Cactus Project from RCF Opportunities Fund L.P. (newsfilecorp.com)
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