Elemental Altus Royalties Corp Announces Material Production Expansion

Vancouver, British Columbia–(Newsfile Corp. – October 30, 2024) –

Overview

Elemental Altus Royalties Corp (TSXV: ELE) (OTCQX: ELEMF) has taken note of the recent announcement made by Capricorn Metals Ltd (ASX: CMM) regarding a significant production expansion at the Karlawinda Gold Project, where Elemental Altus holds an uncapped 2.0% Net Smelter Return royalty.

Capricorn Metals Ltd aims to increase annual gold production to 150,000 ounces through a total processing capacity boost to 6.5 Mtpa.

Impact on Me

As a shareholder or investor in Elemental Altus Royalties Corp, you can expect potential growth in returns and dividends as a result of the increased gold production at the Karlawinda Gold Project. The expansion signifies positive developments within the company and could lead to higher stock value and profitability.

Impact on the World

The production expansion at the Karlawinda Gold Project has broader implications for the world market and economy. With an increase in gold output, there will be more supply available for global consumption, potentially impacting gold prices and market trends. This expansion reflects growth and progress within the mining industry, contributing to economic development on a larger scale.

Conclusion

Elemental Altus Royalties Corp’s announcement of a material production expansion at the Karlawinda Gold Project is a significant development that has the potential to benefit both individual investors and the global economy. As the project progresses towards its target of 150,000 ounces of annual gold production, shareholders can expect increased returns, while the world market will experience the effects of heightened gold supply and market dynamics. Overall, this expansion represents a positive step forward in the mining industry and signals growth and progress for all stakeholders involved.