Elemental Altus Secures US$9.6M from Ming Stream Claim

Elemental Royalties ( (TSE:ELE) ) just unveiled an announcement.

Elemental Altus Royalties Corp. has received a significant payment of US$9.6 million from its secured creditor claim against Rambler Metals and Mining Canada Limited, related to its former Ming gold stream. This payment forms a major part of the anticipated US$15 million in portfolio payments for 2025, which are additional to the company’s projected royalty revenue of US$30.1 million to US$34.3 million for the year. The successful acquisition by FireFly Metals Ltd of Rambler Group has enabled Elemental Altus to realize a total of US$12.8 million from the Ming stream, enhancing the company’s financial health and positioning it strongly in the market.

Spark’s Take on TSE:ELE Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELE is a Outperform.

Elemental Royalties demonstrates strong revenue growth and financial stability, bolstered by strategic acquisitions and a strong equity position. However, profitability challenges and high valuation metrics present significant risks. Positive earnings call insights and corporate events support a favorable outlook, yet caution is warranted due to operational delays and valuation concerns.

To see Spark’s full report on TSE:ELE stock, click here.

More about Elemental Royalties

Elemental Altus Royalties Corp. is a precious metals royalty company focused on generating income through a diversified portfolio of producing royalties and pre-production assets. The company aims to acquire uncapped royalties and streams over producing or near-producing mines operated by established counterparties, with a vision to build a global gold royalty company offering investors superior exposure to gold with reduced risk and a strong growth profile.

YTD Price Performance: 28.70%

Average Trading Volume: 78,435

Technical Sentiment Signal: Hold

Current Market Cap: C$363.7M

See more insights into ELE stock on TipRanks’ Stock Analysis page.