Elemental Altus Royalties (TSXV:ELE) - Monetising & Adding to Royalty Portfolio
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Show Notes
Interview with Frederick Bell, Executive Director & CEO of Elemental Altus Royalties (TSX-V: ELE)
Elemental Altus Royalties Corp. (TSX-V: ELE) is an income-generating precious metals royalty company with 10 producing royalties and a portfolio of pre-production and exploration stage assets across 14 jurisdictions.
The company recently announced the completion of Lundin Mining Corporation’s acquisition of a 51% stake in the Caserones copper-molybdenum mine in Chile. Elemental Altus holds an effective 0.473% net smelter return (NSR) royalty on Caserones, covering a 170 square kilometre area which includes all current reserves and resources and many regional targets.
Elemental Altus has also executed an agreement to sell its Diba Gold Project in western Mali to Allied Gold Corporation. The sale provides near-term cash flow and royalties on future production from Diba, adding to Elemental Altus' portfolio of producing royalty assets.