Elemental Royalty Corporation (ELE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

who's coming today for Elemental Altus's Q1 2025 earnings call. We're just giving it a little bit of time as we've got a few people still joining. But in the meantime, thank you for those in all the way in Vancouver morning time. And I see we've got some Australian shareholders as well. So well represented across the different time zones. And today you have got myself, Frederick Bell, the CEO of Elemental Altus, and you've got David Baker, our CFO, who is going to take the majority of this call and walk you through. Look, it was, I think we're good to begin now. And I would say that Q1 2025 was the strongest quarter in the company's history. We had record adjusted revenue of 13.3 million US dollars. And for comparison, Q1 in the equivalent period, 2024, was $4.7 million. And on top of that revenue, we, subsequent to the quarter end, we received approximately 9.6 million US dollars related to the mainstream that we had. And I think it's worth mentioning Our newest producing royalty, Kerali Sood, that also made a strong contribution this quarter. And that was about 6.6 million US dollars. And it puts us in a position today where we have over $70 million available to the company in non-dilutive capital to deploy. And that is from a combination of cash and undrawn credit facilities. And that is by a long distance, the largest in the history of the company. And it's worth mentioning that we do have flexibility. We have a normal course issuer bid that we put in place earlier in the year and is available for us to use going forwards. A bit more detail and color on some of the numbers coming out from Q1. So it was a record both in terms of revenue, EBITDA and operating cashflow. We had Q1 royalty revenue of 11.6 million US dollars. and the adjusted revenue as mentioned was 1...