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Be the first with the news that moves the market- Elemental Altus Royalties Corp. (ELE) has acquired19 royalties from a wholly-owned subsidiary of First Mining Gold Corp. (FF)
- Elemental Altus made a cash payment of US$3.5 million in cash and issued $1.5 million of common shares
- Elemental Altus Royalties Corp. is a precious metals royalty company with 11 producing royalties and a portfolio of pre-production and discovery stage assets
- Elemental Altus Royalties Corp. opened trading at C$1.27 per share
Elemental Altus Royalties (ELE) has acquired 19 royalties from a wholly-owned subsidiary of First Mining Gold Corp. (FF)
To take ownership of the royalties, Elemental Altus made a cash payment of US$3.5 million in cash and issued $1.5 million of common shares.
The shares issued to First Mining Gold represent approximately 0.88 per cent of Elemental’s total share capital and will be escrowed from trading for six months.
“We’re delighted to complete this transaction and create further value for shareholders by adding high-quality development stage projects to the portfolio and pairing them with our peer-leading 11 producing royalties, contributing to our unique growth story within the royalty space,” stated Frederick Bell, CEO of Elemental Altus.
Elemental Altus Royalties Corp. is a precious metals royalty company with 11 producing royalties and a diversified portfolio of pre-production and discovery stage assets.
Elemental Altus Royalties Corp. (ELE) opened trading at C$1.27 per share.
