Elemental Altus Royalties – 2022 Financial And Royalty Partner Operations Review, And Growth Outlook For 2023
Fredrick Bell, CEO of Elemental Altus Royalties (TSX.V:ELE – OTCQX:ELEMF) joins us to review the key financial and operations metrics from 2022, key royalty partner updates, 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).
We review the importance of the cornerstone Casserones copper royalty in Chile, the exploration growth potential at and around the Laverton Royalty, and also the ongoing bidding process for a new operating partner at the Ming Mine and royalty. 2023 has already seen a few new royalties acquisitions, and Fred believes there are a number of other transactions that will develop as the year unfolds.
- In full disclosure, Shad is a shareholder of Elemental Altus Royalties