Company Overview

Elemental Altus Royalties Corp. (commonly referred to by its TSX Venture Exchange ticker “ELE” prior to the 2022 merger and rebranding) is a publicly traded mining royalty company focused primarily on acquiring and managing precious metals royalties and streams. The company operates within the mining finance and natural resources sector, generating revenue from royalty interests tied mainly to gold-producing and development-stage mining assets. Its business model centers on providing upfront capital to mining operators in exchange for future royalty payments or streaming agreements linked to mine production. The company’s portfolio includes exposure to gold, copper, and other base and precious metals projects across multiple jurisdictions.

The company evolved through a strategy of acquiring diversified royalty interests in producing, development, and exploration-stage mining assets. In 2022, Elemental Royalties combined with Altus Strategies plc, resulting in the formation of Elemental Altus Royalties Corp., significantly expanding its asset base and geographic reach. The combined company positioned itself as a diversified mid-tier royalty platform with exposure to both near-term cash-flowing assets and longer-duration development opportunities. Its strategic positioning is supported by a relatively asset-light operating structure, diversified commodity exposure, and partnerships with established mining operators.

Business Operations

Elemental Altus Royalties generates revenue primarily through its royalty and streaming portfolio, which includes net smelter return (NSR) royalties, gross revenue royalties, and metal streaming agreements. The company’s portfolio includes interests in producing mines such as the Karlawinda Gold Project in Australia, Bonikro in Côte d’Ivoire, and Caserones in Chile, alongside numerous development and exploration assets. Revenue is generally tied to production volumes and commodity prices rather than direct mine operation, allowing the company to maintain lower operating costs compared with traditional mining companies.

The company maintains operations and investments across multiple jurisdictions including Australia, Africa, North America, and South America. Key strategic relationships involve operators such as Capricorn Metals, First Quantum Minerals, and other publicly listed mining companies managing projects on which Elemental Altus holds royalties. Through the acquisition of Altus Strategies plc, the company expanded its exposure to African mining projects and inherited a broad portfolio of exploration royalties and project-generation partnerships. The company does not directly operate mines but controls contractual royalty interests and streaming rights tied to underlying mining assets.

Strategic Position & Investments

Elemental Altus Royalties has pursued a growth strategy focused on expanding cash-flowing royalty exposure while maintaining geographic and operator diversification. A significant strategic milestone was the acquisition and merger with Altus Strategies plc, which broadened the company’s royalty portfolio and strengthened its presence in Africa and other emerging mining jurisdictions. The company has also continued to pursue acquisitions of producing and development-stage royalties in gold and copper markets, reflecting broader industry demand linked to electrification and long-term metals consumption trends.

The company’s investment approach emphasizes long-life mining assets operated by established producers, while also retaining upside exposure to exploration-stage projects. Its portfolio includes royalty interests associated with projects in emerging mineral districts and jurisdictions with growing mining investment activity. Management has publicly emphasized disciplined capital allocation, portfolio diversification, and scalable royalty growth as core strategic priorities. The company also maintains exposure to exploration partnerships and project-generation activities inherited from Altus Strategies, which may create additional future royalty opportunities.

Geographic Footprint

Elemental Altus Royalties maintains a diversified international footprint with royalty interests spanning Australia, Africa, North America, and South America. The company is headquartered in Vancouver, Canada, and its portfolio includes producing and development-stage mining projects in countries such as Australia, Chile, Côte d’Ivoire, Mali, and other mining jurisdictions. Australia represents a significant source of current revenue through royalty exposure to operating gold assets.

The company’s international presence expanded materially following the merger with Altus Strategies plc, which added a broad African royalty portfolio and strengthened exposure to emerging mining regions. Through its royalty and streaming model, Elemental Altus participates economically in mining projects globally without directly operating physical mining infrastructure. This structure allows the company to maintain exposure to multiple commodity cycles and regional mining developments while limiting direct operational risk.

Leadership & Governance

Elemental Altus Royalties is led by an executive team with experience in mining finance, royalties, geology, and resource-sector investment banking. The company’s leadership has emphasized disciplined royalty acquisition, diversification, and long-term shareholder value creation through scalable cash-flow generation. Governance is overseen by a board with backgrounds in mining operations, capital markets, and international resource development.

Key executives include:

• Frederick Bell – Chief Executive Officer
• Steven Poulton – Executive Chairman
• David Baker – Chief Financial Officer
• Sam Pazuki – Vice President, Corporate Development
• Matthew King – Vice President, Business Development

The company’s leadership philosophy has focused on building a diversified royalty platform through selective acquisitions, strong operator partnerships, and exposure to both producing and exploration-stage assets. Public disclosures and investor communications consistently emphasize financial discipline, portfolio quality, and long-term growth in royalty cash flows.