Elemental Royalties (TSE:ELE) has released an update.
Elemental Altus Royalties Corp. reports promising development at their Diba gold royalty asset with an aggressive drilling program and the fast-tracking of production, alongside a significant repayment of its credit facility and an extension to June 2027. The company has also streamlined its shares, cancelling over 814,000 common shares to satisfy tax obligations from management stock units. These strategic moves strengthen the company’s financial position and signal a robust growth trajectory.
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