Elemental Altus Royalties Corp. Announces Acquisition of Additional Royalties

Exciting News from Elemental Altus

Vancouver, British Columbia–(Newsfile Corp. – October 16, 2024) – Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (“Elemental Altus” or the “Company”) is thrilled to share the news of its recent business move. The company has officially entered into a binding agreement with AlphaStream Limited to acquire an additional 50% ownership of 24 existing royalties for a consideration of US$28 million in equity.

About the Acquisition

As part of this acquisition, Elemental Altus will now have a total stake in the Portfolio, which consists of existing producing gold royalties on various projects including the Bonikro Gold Project, the Ballarat Mine, and the South Kalgoorlie Operations, as well as 21 additional royalties located in Australia. This strategic move is expected to further solidify Elemental Altus’ position in the industry and open up new opportunities for growth and success.

With this new development, Elemental Altus is poised to strengthen its presence in the market and enhance its portfolio of assets. The company’s expansion efforts are a testament to its commitment to driving value for its shareholders and capitalizing on emerging opportunities in the mining sector.

Impact on Individuals

For individuals, this acquisition could potentially lead to increased investment opportunities in Elemental Altus. As the company expands its portfolio of royalties, there may be new avenues for investors to participate in the success of the mining projects associated with these assets. This could result in potential financial gains for individuals who choose to invest in the company.

Global Implications

On a global scale, Elemental Altus’ acquisition of additional royalties could have broader implications for the mining industry as a whole. By expanding its presence and acquiring new assets, the company is demonstrating its confidence in the sector and its ability to capitalize on opportunities for growth. This move could potentially signal a positive outlook for the mining industry, attracting more interest and investment from stakeholders around the world.

Conclusion

In conclusion, Elemental Altus’ acquisition of additional royalties marks an exciting development for the company and the mining industry at large. With a strengthened portfolio and new opportunities for growth, Elemental Altus is well-positioned to drive value for its shareholders and make a positive impact on the global mining sector. As the company continues to expand its presence and explore new opportunities, the future looks bright for Elemental Altus and the industry as a whole.