Elemental Altus Receives US$9.6M Portfolio Payment
Elemental Altus Receives US$9.6M Portfolio
Payment
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Elemental Altus Royalties Corp. (TSXV:
ELE) (OTCQX: ELEMF) ("
Elemental Altus
" or "the
Company
") announces that it has received a
further US$9.6 million as a result of its secured creditor claim against Rambler Metals and Mining
Canada Limited, a wholly owned subsidiary of Rambler Metals and Mining PLC ("
Rambler"
), in relation
to the Company's former Ming gold stream ("
Ming stream
").
Highlights
The US$9.6 million received contributes towards up to US$15 million in portfolio payments the
Company expects to receive across the portfolio in 2025
The expected portfolio payments are additional to the US$30.1 million - US$34.3 million in royalty
revenue for 2025 at a US$2,600/oz gold price, as previously guided by the Company
A total of approximately US$12.3 million will have been received as a result of the secured creditor
claim in relation to the Company's Ming stream, in addition to the US$0.5 million in prior stream
revenue
Frederick Bell, CEO of Elemental Altus, commented:
"We are pleased to receive the final instalments relating to the Ming stream that will take our total
return to approximately US$12.8 million. The US$9.6 million received now forms the majority of up to
US$15 million in one-off payments expected across the portfolio in 2025, which are incremental to our
record royalty revenue guidance of US$30.1 million to US$34.3 million. With total expected revenue
and payments this year of at least US$45 million, Elemental Altus is in the strongest financial health
in its history."
Ming Payments
Following a formal Sales and Investment Solicitation Process ("
SISP
") relating to Rambler Metals and
Mining Limited, the Supreme Court of Newfoundland and Labrador approved a bid from FireFly Metals
Ltd ("
Firefly
") to acquire the Rambler Group for a total consideration of up to A$65 million on September
11, 2023.
The Company had the right to submit a secured claim against the total consideration being paid
alongside other secured creditors. Since completion of the acquisition by FireFly, the Company has
realised approximately US$12.2 million in cash with a final expected amount of US$0.1 million due.
Including US$0.5 million in gold stream revenue, the Company has received a total of US$12.8 million
from the Ming stream, compared to the original US$11 million acquisition in 2022.
Frederick Bell
CEO and Director
Corporate & Media Inquiries:
Tel: +1 604 646 4527
www.elementalaltus.com
Elemental Altus is a proud member of Discovery Group. For more information please visit:
www.discoverygroup.ca
or contact +1 604 646 4527.
TSXV: ELE | OTCQX: ELEMF | ISIN: CA28619K1093 | CUSIP: 28619K109
About Elemental Altus Royalties Corp.
Elemental Altus is an income generating precious metals royalty company with 10 producing royalties
and a diversified portfolio of pre-production and discovery stage assets. The Company is focused on
acquiring uncapped royalties and streams over producing, or near-producing, mines operated by
established counterparties. The vision of Elemental Altus is to build a global gold royalty company,
offering investors superior exposure to gold with reduced risk and a strong growth profile.
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-
V.) accepts responsibility for the adequacy or accuracy of this press release.
Notes
Market and industry data
This news release includes market and industry data and forecast that were obtained from third-party
sources, industry publications and publicly available information. Third-party sources generally state that
the information therein has been obtained from sources believed to be reliable, but there can be no
assurances as to the accuracy or completeness of included information. Although management believes
it to be reliable, management has not independently verified any of the data from third-party sources
referred to in this news release or analyzed or verified the underlying studies or surveys relied upon or
referred to by such sources, or ascertained the underlying economic assumptions relied upon by such
sources.
Cautionary note regarding forward-looking statements
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities laws and "forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995, (together, "forward-looking statements"), concerning the
business, operations and financial performance and condition of the Company. Forward-looking
statements include, but are not limited to, statements with respect to the future price of gold; the
estimation of mineral reserves and mineral resources; the realization of Mineral Reserve estimates; the
Company's growth prospects; the Company's estimated 2025 revenues; and the timing and amount of
estimated future production. Generally, forward-looking statements can be identified by the use of
forward-looking terminology such as "plans," "expects" or "does not expect," "is expected," "budget,"
"scheduled," "estimates," "forecasts," "intends," "anticipates" or "does not anticipate," "believes,"
"projects" or variations of such words and phrases or state that certain actions, events or results "may,"
"could," "would," "might" or "will be taken," "occur" or "be achieved." Forward-looking statements are
based on the opinions and estimates of management as of the date such statements are made, and
they are subject to known and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company to be materially different from
those expressed or implied by such forward-looking statements, including, but not limited to, volatility in
the price of gold, discrepancies between anticipated and actual production by companies in our
portfolio, risks inherent in the mining industry to which the companies in our portfolio are subject,
regulatory restrictions, the impact of the current COVID-19 pandemic on the companies in our portfolio,
activities by governmental authorities (including changes in taxation), currency fluctuations and the
accuracy of the mineral reserves, resources and recoveries set out in the technical data published by the
companies in our portfolio. Although management of the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company cautions readers not to place undue
reliance on forward-looking statements, as forward-looking statements involve significant risks and
uncertainties. Forward-looking statements should not be read as guarantees of future performance or
results and will not necessarily be accurate indications of whether or not the times at or by which such
performance or results will be achieved. The Company does not undertake to update any forward-
looking statements except in accordance with applicable Canadian securities laws. Readers are
directed to the Company's Annual Information Form dated April 29, 2024, filed under the Company's
profile on SEDAR (
www.sedarplus.ca
) for a complete list of applicable risk factors. Investors are
advised that National Instrument 43-101 Standards for disclosure for Mineral Projects ("NI 43-101") of
the Canadian Securities Administrators requires that each category of Mineral Reserves and Mineral
Resources be reported separately. Mineral Resources that are not Mineral Reserves do not have
demonstrated economic viability.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/250432