Elemental Altus Royalties – 2022 Recap Including The Merger With Altus Strategies, A 2023 Outlook For Key Assets and M&A
Fredrick Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF) joins us to recap a very important 2022 for the Company and the growth strategies for 2023.
2022 started out with a hostile takeover bid from Gold Royalty Corp which was fought off by the Company, then followed by an announcement in June of an at-market merger with Altus Strategies. Fred explains how this merger immediately increased the value of the Company and the overall royalty portfolio. We also highlight the recent transaction to acquire a portfolio of 19 uncapped royalties from First Mining Gold Corp (TSX: FF) (OTCQX: FFMGF).
For 2023 we have Fred share his outlook for growth both from within the royalty portfolio and possible new royalty acquisitions. With the strong financial position of the Company it sounds like there could be more deals coming this year.
- In full disclosure, Shad is a shareholder of Elemental Altus Royalties