Elemental Royalties

About Elemental Royalties

Elemental Altus Royalties Corp. is a precious metals royalty and streaming company with a primary focus on gold. The company's business model centers on acquiring royalties and streams over producing or near-producing mines from established operators, thereby generating revenue while minimizing the risks associated with direct mining operations. Its portfolio is geographically diversified across countries including Australia, Chile, Mali, Mexico, and Burkina Faso.

The company was co-founded by Frederick Bell, who serves as CEO, and Richard Evans, the SVP of Technical. A significant event in the company's history was the share-for-share merger with Altus Strategies plc in August 2022, which created a more diversified and scalable entity and led to the name change from Elemental Royalties Corp. to Elemental Altus Royalties Corp. This merger expanded the company's portfolio and management team, positioning it for further consolidation in the royalty sector. Prior to this, in late 2021 and early 2022, the company successfully defended against a hostile takeover bid from Gold Royalty Corp.

Elemental Altus generates income from its portfolio of royalties, which includes cornerstone assets like the Caserones copper mine in Chile and the Karlawinda gold project in Australia. The company targets uncapped royalties on assets with high potential for resource growth, operated by top-tier mining companies. This strategy provides investors with exposure to precious metals, particularly gold, with a high-growth profile and reduced risk. The portfolio includes over 10 producing royalties and a wide range of pre-production and exploration-stage assets. The company has pursued an acquisitive growth strategy, including a 2020 deal to acquire a gold royalty portfolio from South32 and a 2023 acquisition of 19 royalties from First Mining Gold Corp., which significantly expanded its development pipeline.