Elemental Altus Announces $12M in Payments From Ming Sale
Elemental Altus Announces $12M in Payments From Ming Sale
Vancouver, British Columbia--(Newsfile Corp. - February 20, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces that it expects to receive an initial US$12.1 million in cash and equity as a result of its secured creditor claim against Rambler Metals and Mining Limited in relation to the Company's Ming gold stream ("Ming stream").
不列颠哥伦比亚省温哥华--(Newsfile Corp.,2024 年 2 月 20 日)-Elemental Altus Royaltes Corp.(多伦多证券交易所股票代码:ELE)(OTCQX:ELEMF)(”元素阿尔图斯“或” 公司“)宣布,由于有担保债权人就公司的明朝金流向Rambler Metals and Mining Limited提出索赔,预计将获得初始1,210万美元的现金和股权(”明流“)。
Highlights
亮点
- The initial US$12.1 million relating to the Ming stream contributes to ~US$20 million in one-off payments the Company expects to receive from across the portfolio in 2024-2025
- This total of ~US$20 million in one-off payments are in addition to the Company's upcoming 2024 royalty revenue guidance, which is expected to represent material growth from 2023
- Elemental Altus received an initial US$2.3 million (A$3.5 million) in shares of Firefly Metals Ltd ("Firefly") (ASX: FFM) in February 2024
- The Company will receive a further US$9.8 million (A$15 million) split equally between cash and equity in April 2025
- Including US$0.5m in stream revenue received, the Company expects a minimum total return of US$12.6 million from the Ming Stream, compared to the 2022 acquisition for US$11 million
- A further US$0.9 million (C$1.2 million) has been held back subject to final determinations, with any remaining balance to be paid to Elemental Altus in cash
- 与明流相关的初始1,210万美元为公司预计在2024-2025年将从整个投资组合中获得的约2,000万美元的一次性付款
- 除了公司即将发布的2024年特许权使用费收入指引外,这笔总额约为2,000万美元的一次性付款,该指引预计将代表2023年以来的实质性增长
- Elemental Altus首次获得Firefly Metals Ltd的230万美元(合350万澳元)股份(”萤火虫“) (ASX: FFM) 2024 年 2 月
- 2025年4月,该公司将再获得980万美元(合1500万澳元)的现金和股权平均分配
- 包括收到的50万美元收入在内,该公司预计Ming Stream的最低总回报为1,260万美元,而2022年的收购为1,100万美元
- 另有90万美元(合120万加元)的款项尚待最终决定,剩余的余额将以现金支付给Elemental Altus
Frederick Bell, CEO of Elemental Altus commented:
Elemental Altus 首席执行官弗雷德里克·贝尔评论说:
"The conclusion of the process relating to the Ming stream delivers certainty moving forwards as well as material funds to redeploy in a gold sector that is trading at multi-year lows. The diversified nature of our portfolio combined with the downside protection structured into the stream means that we will receive more than our investment even in a higher-risk, higher-reward scenario where our original thesis did not play out.
“与明流相关的流程的结束为未来提供了确定性,也为交易处于多年低点的黄金行业提供了可重新部署的实质性资金。我们投资组合的多元化性质,加上结构化的下行保护,意味着即使在我们最初的论点没有得到证实的更高风险、更高回报的情况下,我们获得的收益也将超过我们的投资。
Near term, Elemental Altus now expects to receive over US$60 million in combined Adjusted Revenue and milestone payments over 2024 and 2025. Combined with over US$10 million in cash and materially lower costs versus 2023, the Company is in the strongest financial position it has been in at a time when funding to the mining sector is near to cyclical lows.
在短期内,Elemental Altus现在预计将在2024年和2025年获得超过6000万美元的调整后收入和里程碑式付款。加上超过1,000万美元的现金和与2023年相比显著降低的成本,在矿业融资接近周期性低点之际,该公司的财务状况处于有史以来最强劲的水平。
We look forward to releasing our 2024 guidance, which we expect to be another consecutive record, with higher revenue expected in particular from Ballarat and Bonikro as well as maiden production from Diba."
我们期待发布2024年的指引,我们预计这将连续创下纪录,预计收入将增加,特别是来自巴拉瑞特和博尼克罗的收入,以及迪巴的首次生产。”
Ming Payments
明日付款
Following a formal Sales and Investment Solicitation Process ("SISP") relating to Rambler Metals and Mining Limited, the Supreme Court of Newfoundland and Labrador approved a bid from Firefly to acquire the Rambler Group for a total consideration of up to A$65 million on 11 September 2023.
在与Rambler Metals and Mining Limited相关的正式销售和投资招标程序(“SISP”)之后,纽芬兰和拉布拉多最高法院于2023年9月11日批准了萤火虫以高达6500万澳元的总对价收购兰伯勒集团的出价。
The Company had the right to submit a secured claim against the total consideration being paid alongside other secured creditors. Following shareholder approval and completion of the acquisition by Firefly, the Company has now received an initial approximately A$3.5 million in Firefly shares with a further A$7.5 million in cash and A$7.5 million in equity, based on the volume weighted average price at the time, to be received in April 2025.
公司有权根据与其他有担保债权人一起支付的总对价提出有担保债权。在股东批准并完成对萤火虫的收购后,该公司现已收到约350万澳元的初始Firefly股票,根据当时的交易量加权平均价格,另有750万澳元的现金和750万澳元的股权,将于2025年4月收到。
There is a further amount of up to C$1.2 million potentially receivable, which has been held back subject to determination of final claims. The Company expects this to occur in the coming months and any balance due to Elemental Altus will be received in cash as this process concludes.
还有高达120万加元的潜在应收款项,这笔款项已被扣留,尚待最终索赔的裁定。该公司预计,这将在未来几个月内发生,Elemental Altus的所有应付余额将在该流程结束时以现金形式收到。
On behalf of Elemental Altus Royalties Corp.
代表 Elemental Altus Royaltifes
Frederick Bell
CEO and Director
弗雷德里克·贝尔
首席执行官兼董事
Corporate & Media Inquiries:
Tel: +1 604 243 6511 (ext. 2700)
Email: info@elementalaltus.com
企业和媒体查询:
电话:+1 604 243 6511(分机 2700)
电子邮件:info@elementalaltus.com
Elemental Altus is a proud member of Discovery Group. For more information please visit: or contact 604-653-9464.
Elemental Altus 是探索集团的骄傲成员。欲了解更多信息,请访问:或联系 604-653-9464。
TSX.V: ELE | OTCQX: ELEMF | ISIN: CA28619K1093 | CUSIP: 28619K109
TSX.V: ELE | OTCQX: ELEMF | ISIN: CA28619K1093 | CUSIP: 28619K109
About Elemental Altus Royalties Corp.
关于 Elemental Altus 版税公司
Elemental Altus is a revenue generating precious metals royalty company with 10 producing royalties and a diversified portfolio of pre-production and discovery stage assets. The Company is focused on acquiring uncapped royalties and streams over producing, or near-producing, mines operated by established counterparties, as well as generating royalties on new discoveries. The vision of Elemental Altus is to build a global gold royalty company, offering investors superior exposure to gold with reduced risk and a strong growth profile.
Elemental Altus是一家创收的贵金属特许权使用费公司,拥有10%的生产特许权使用费以及多元化的预生产和发现阶段资产组合。该公司专注于收购无上限的特许权使用费和流量,而不是由成熟交易对手运营的生产或接近生产的矿山,以及为新发现产生特许权使用费。Elemental Altus的愿景是建立一家全球黄金特许权使用费公司,为投资者提供卓越的黄金投资机会,同时降低风险,实现强劲增长。
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release. The appointment of the new directors to the Board is subject to the approval of the TSX-V.
多伦多证券交易所风险交易所(“TSX-V”)及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。董事会新董事的任命须经多伦多证券交易所批准。
Cautionary note regarding forward-looking statements
关于前瞻性陈述的警示说明
This news release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements and information include, but are not limited to, statements regarding the Company strengthening its position and the ability to pursue and effect opportunities to grow the Company, the ability of the Company to identify the best opportunities in an efficient manner, and the Company's ability to add value for shareholders. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.
本新闻稿包含适用的加拿大证券法所定义的某些 “前瞻性陈述” 和某些 “前瞻性信息”。前瞻性陈述和信息通常可以通过使用前瞻性术语来识别,例如 “可能”、“将”、“应该”、“期望”、“打算”、“估计”、“预期”、“相信”、“继续”、“计划” 或类似术语。前瞻性陈述和信息包括但不限于有关公司巩固其地位以及寻求和实现公司发展机会的能力、公司以有效方式发现最佳机会的能力以及公司为股东增加价值的能力的陈述。前瞻性陈述和信息基于对未来业绩的预测、对尚无法确定的金额的估计以及管理层认为合理的假设,这些假设本质上会受到重大的业务、经济和竞争不确定性和突发事件的影响。
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental Altus to control or predict, that may cause Elemental Altus' actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental Altus will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Elemental Altus' expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of the Company for the year ended December 31, 2022. Elemental Altus undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represents management's best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
前瞻性陈述和信息受各种已知和未知的风险和不确定性的影响,其中许多风险和不确定性超出了Elemental Altus的控制或预测能力,这些风险和不确定性可能导致Elemental Altus的实际业绩、业绩或成就与其中所表达或暗示的结果存在重大差异,并且是基于对此类风险、不确定性和其他因素的假设而制定的,包括但不限于:总体商业和经济状况的影响,缺乏控制采矿Elemental Altus 将从中获得特许权使用费的业务、与国际运营、政府关系和环境监管相关的风险、矿产勘探和开发所涉及的固有风险;解释勘探数据所涉及的不确定性;勘探或开发活动延误的可能性;矿床的地质、品位和连续性;COVID-19 疫情的影响;未来的勘探、开发或采矿结果可能与 Elemental 不一致Altus的预期;事故、设备故障、所有权问题、劳资纠纷或其他意想不到的困难或运营中断;金属价格波动;意想不到的成本和支出;与未来所需融资的可用性和成本相关的不确定性;生产和成本估算的固有不确定性以及可能出现意外成本和支出、大宗商品价格波动;货币波动;监管限制,包括环境监管限制;责任、竞争、损失关键员工以及其他相关的风险和不确定性。有关可能导致实际业绩与前瞻性陈述不同的重要因素的讨论,请参阅公司截至2022年12月31日止年度的年度信息表。除非适用法律要求,否则Elemental Altus没有义务更新前瞻性陈述和信息。此类前瞻性陈述和信息代表了管理层根据当前可用信息做出的最佳判断。无法保证任何前瞻性陈述或信息,未来的实际结果可能会有重大差异。因此,建议读者不要过分依赖前瞻性陈述或信息。