Frederick Bell
CEO, Elemental Altus
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Elemental Royalty Corporation (ELE) Q1 2025 Earnings Call
Elemental Royalty Corporation (NASDAQ: ELE) Q1 2025 earnings conference call, held 2025-05-20. Replay captured from the company's public earnings webcast.
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David Baker
CFO, Elemental Altus
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.839 who's coming today for Elemental Altus's Q1 2025 earnings call. 00:00:05.839 -- 00:00:10.445 We're just giving it a little bit of time as we've got a few people still joining. 00:00:10.445 -- 00:00:15.512 But in the meantime, thank you for those in all the way in Vancouver morning 00:00:15.512 -- 00:00:18.897 time. And I see we've got some Australian shareholders as well. 00:00:18.897 -- 00:00:22.578 So well represented across the different time zones. 00:00:22.578 -- 00:00:27.447 And today you have got myself, Frederick Bell, the CEO of Elemental Altus, and you've 00:00:27.447 -- 00:00:32.636 got David Baker, our CFO, who is going to take the majority of this call 00:00:32.636 -- 00:00:35.298 and walk you through. 00:00:36.564 -- 00:00:39.089 Look, it was, I think we're good to begin now. 00:00:39.089 -- 00:00:41.813 And I would say that Q1 2025 00:00:41.813 -- 00:00:45.256 was the strongest quarter in the company's history. 00:00:45.256 -- 00:00:50.701 We had record adjusted revenue of 13.3 million US dollars. 00:00:50.701 -- 00:00:57.208 And for comparison, Q1 in the equivalent period, 2024, was $4.7 million. 00:00:57.208 -- 00:01:02.332 And on top of that revenue, we, subsequent to the quarter end, we received approximately 00:01:02.332 -- 00:01:07.798 9.6 million US dollars related to the mainstream that we had. 00:01:07.798 -- 00:01:13.025 And I think it's worth mentioning Our newest producing royalty, 00:01:13.025 -- 00:01:17.470 Kerali Sood, that also made a strong contribution this quarter. 00:01:17.470 -- 00:01:20.773 And that was about 6.6 million US dollars. 00:01:20.773 -- 00:01:26.039 And it puts us in a position today where we have over $70 million available to the company 00:01:26.039 -- 00:01:30.463 in non-dilutive...