Elemental Royalties (TSE:ELE) has released an update.
Elemental Altus Royalties Corp. is acquiring a 50% stake in a gold royalty portfolio from AlphaStream Limited for $28 million, boosting its cash flow and financial flexibility. The acquisition is set to expand margins and increase revenue by 25% in 2025, enhancing Elemental Altus’s exposure to gold prices. This strategic move also brings in AlphaStream as a key shareholder, strengthening the company’s position in the precious metals market.
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