Elemental Altus Strengthens Portfolio and Finances with AlphaStream Transaction and La Mancha Private Placement

Elemental Altus Royalties Corp. (TSXV: ELE, OTCQX: ELEMF) has announced the successful completion of the AlphaStream transaction and the La Mancha private placement, further bolstering its portfolio and financial position. The company has issued 34,444,580 common shares at C$1.10 per share to Alpha 1 SPV Limited, an affiliate of AlphaStream, for a total consideration of US$28 million. Additionally, La Mancha has subscribed for 16,141,940 common shares at C$1.10 per share, raising C$17,756,134 in aggregate proceeds.

The AlphaStream transaction involves the acquisition of an additional 50% ownership of 24 existing royalties, including producing gold royalties on the Bonikro Gold Project, the Ballarat Mine, and South Kalgoorlie Operations. Elemental Altus now holds an effective 4.5% NSR royalty on Bonikro, a 2.5% NSR royalty on Ballarat, and a A$10/oz royalty and A$1 million Discovery Bonus on SKO. This acquisition provides immediate cash flow, with approximately US$6 million additional revenue forecast in 2025, and drives a material step up in free cash flow with no increase in management costs.

The La Mancha private placement, following the exercise of their Anti-Dilution Rights, provides significant capital for Elemental Altus to continue growing its royalty portfolio. The proceeds will be used for royalty acquisitions, working capital, and general corporate purposes. This transaction aligns with La Mancha's long-term growth strategy and strengthens Elemental Altus' financial flexibility and acquisition capabilities.

As part of the AlphaStream transaction, Prashant Francis has been appointed to the Board of Directors. His extensive expertise in mining investments and capital markets will be instrumental in Elemental Altus' pursuit of new opportunities to grow and enhance its precious metals focus.

The synergies between AlphaStream and La Mancha's investments in Elemental Altus are expected to benefit the company's growth trajectory. The increased royalty rates and ownership interests in the Portfolio will positively impact Elemental Altus' near-term revenue and cash flow. Additionally, the additional exploration opportunities and enhanced precious metals focus provided by the AlphaStream transaction are expected to yield long-term benefits. The La Mancha private placement further strengthens Elemental Altus' financial position, enabling the company to pursue strategic acquisitions and maintain its competitive edge in the precious metals royalty sector.