On February 21, 2023, Elemental Altus Royalties Corp. ("Elemental Altus") (TSXV: ELE) (OTCQX: ELEMF) announced that it had completed its previously announced acquisition of 19 mining royalties in Canada, the US, Mexico and Burkina Faso, from a wholly owned subsidiary of First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF).
As consideration for the royalties, Elemental Altus made a payment of US$3.5 million in cash and US$1.5 million of common shares.
Elemental Altus is an income generating precious metals royalty company with 11 producing royalties and a diversified portfolio of pre-production and discovery stage assets.
Read the original article on GowlingWLG.com
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
