Elemental Royalty Corporation (ELE) Q2 2025 Earnings Call

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WEBVTT 00:00:00.689 -- 00:00:06.155 Hi all, thank you for attending this Q2 call for Elemental Altus. 00:00:06.155 -- 00:00:11.041 We'll just give another minute here as a few people are still joining and 00:00:11.041 -- 00:00:14.422 we should kick off momentarily. 00:00:35.890 -- 00:00:39.554 Right, I think that's, I think we're ready to go now. 00:00:39.554 -- 00:00:44.879 So thank you everyone for coming in today on the 19th of August 2025 00:00:44.879 -- 00:00:50.084 to run through Elemental Alster's Q2 financials. 00:00:50.084 -- 00:00:56.728 With us today, you've got myself, Fred Bell, the CEO, and David Baker, the CFO. 00:00:57.351 -- 00:00:59.353 In terms 00:00:59.353 -- 00:01:04.513 of an update on the company and where we're at, I think it's the same story with Telegraph, 00:01:04.513 -- 00:01:09.559 really, for the last two courses, which has been continuing cash build. 00:01:09.559 -- 00:01:15.746 We've paid down the company's debt. We've had record revenue for Q1 and for Q2, 00:01:15.746 -- 00:01:20.791 putting us in a very strong position. We also had payment related to 00:01:20.791 -- 00:01:25.056 the mainstream previously that we received in April this year that was just under $10 00:01:25.056 -- 00:01:30.111 million equivalent. combined with the Kerala SUD royalty 00:01:30.111 -- 00:01:34.717 that started its first payments to us from Q1 onwards. 00:01:34.717 -- 00:01:39.763 So I think for both of those material events and puts us in a position 00:01:39.763 -- 00:01:44.529 today where we have, between the credit facility and cash on the balance sheet, approximately 00:01:44.529 -- 00:01:49.715 US$18 million that we can deploy, both from cash on hand 00:01:49.715 -- 00:01:54.354 and credit facilities. And then also materially during the quarter, We ha...