Elemental Royalties (TSE:ELE) has released an update.
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Elemental Altus Royalties is set to benefit from significant funding and development plans impacting its holdings in Canada and Australia. Fireweed Metals Corp has secured up to C$35.4 million in funding from US and Canadian sources to advance the Mactung Project, where Elemental Altus holds a 4% royalty. Meanwhile, Rumble Resources is progressing with a joint venture to expedite the Western Queen Gold Project, where Elemental Altus also holds a royalty interest.
For further insights into TSE:ELE stock, check out TipRanks’ Stock Analysis page.