Business
Elemental Altus Publishes Inaugural Royalty Asset Handbook
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2023) - Elemental Altus Royalties Cor...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Altus Publishes Inaugural Royalty Asset HandbookVancouver, British Columbia--(Newsfile Corp. - December 13, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental Altus\" or \"the Company\") announces the release of its inaugural Asset Handbook which provides detailed information about the Company's portfolio of high quality and gold focused production and development stage royalties, as well as the underlying Mineral Resource and Mineral Reserve data. The handbook can be downloaded from the Company's recently updated website at www.elementalaltus.com.Frederick Bell, CEO of Elemental Altus, commented:\"2023 has proven to be another record year for Elemental Altus, with growth across all key metrics. We're delighted to highlight the quality and depth of our portfolio through the release of our inaugural Asset Handbook. With over 80 royalties, including 10 producing assets, the Asset Handbook not only highlights our disciplined investment philosophy, but also the potential for material organic growth and value creation from within our portfolio at no additional cost for our shareholders. We look forward to continuing our strong trajectory through 2024.\"2023 Highlights:Increased the Company's Net Smelter Return (\"NSR\") royalty from 0.418% to 0.473% on Lundin Mining Corporation's (\"Lundin Mining\") producing Caserones copper mine in ChileMaterial number of new royalties added to portfolio, predominantly in North America, including:0.68% NSR royalty on the Preliminary Economic Assessment stage Cactus copper project in Arizona, operated by Arizona Sonoran Copper Company's (\"Arizona Sonoran\") 2.25% NSR royalty on the Pickle Crow gold project in Ontario, operated by FireFly Metals Ltd1.5% NSR royalty on the Hope Brook gold project in Newfoundland, operated by Big Ridge Gold Corp. Generated a 3.0% NSR royalty on the Diba gold project, which will form part of the Sadiola gold mine in Mali, operated by Allied Gold Corp. (\"Allied Gold\")Near-Term Catalysts:The 3.0% NSR royalty on the Diba gold project is expected to be brought into production by Allied Gold during the first half of 2024 as part of the Sadiola mine, which will contribute significant near-term royalty revenue and associated milestone payments to the CompanyArizona Sonoran report that they are on-track and on-budget to release the...