OTCQX: ELEMF) has received US$9.6 million from its secured creditor claim against Rambler Metals and Mining Canada Limited regarding the Ming gold stream
This payment is part of up to US$15 million in portfolio payments expected in 2025
which is additional to the company's projected royalty revenue of US$30.1-34.3 million for 2025 (at US$2,600/oz gold price)
The total return from the Ming stream will reach approximately US$12.8 million
including US$0.5 million in prior stream revenue
surpassing the original US$11 million acquisition cost in 2022
The payment comes following FireFly Metals' acquisition of the Rambler Group for up to A$65 million
approved by the Supreme Court of Newfoundland and Labrador
OTCQX: ELEMF) ha ricevuto 9,6 milioni di dollari USA dal suo credito garantito contro Rambler Metals and Mining Canada Limited relativo allo streaming dell'oro Ming
Questo pagamento fa parte di un totale fino a 15 milioni di dollari USA in pagamenti di portafoglio previsti per il 2025
aggiuntivi ai ricavi da royalty stimati dall'azienda per il 2025
compresi tra 30,1 e 34,3 milioni di dollari USA (considerando il prezzo dell'oro a 2.600 USD/oz)
Il ritorno totale dallo streaming Ming raggiungerà circa 12,8 milioni di dollari USA
inclusi 0,5 milioni di dollari USA di ricavi da streaming precedenti
superando il costo iniziale di acquisizione di 11 milioni di dollari USA nel 2022
Questo pagamento segue l'acquisizione del gruppo Rambler da parte di FireFly Metals per un massimo di 65 milioni di dollari australiani
approvata dalla Corte Suprema di Terranova e Labrador
OTCQX: ELEMF) ha recibido 9,6 millones de dólares estadounidenses por su reclamo como acreedor garantizado contra Rambler Metals and Mining Canada Limited relacionado con el stream de oro Ming
Este pago forma parte de hasta 15 millones de dólares en pagos de cartera esperados para 2025
que se suman a los ingresos por regalías proyectados por la compañía para 2025
entre 30,1 y 34,3 millones de dólares (con un precio del oro de 2.600 USD/oz)
El retorno total del stream Ming alcanzará aproximadamente 12,8 millones de dólares
incluyendo 0,5 millones de dólares en ingresos previos por el stream
superando el costo original de adquisición de 11 millones de dólares en 2022
Este pago se produce tras la adquisición del grupo Rambler por parte de FireFly Metals por hasta 65 millones de dólares australianos
aprobada por la Corte Suprema de Terranova y Labrador
OTCQX: ELEMF)는 Ming 금 스트림과 관련하여 Rambler Metals and Mining Canada Limited에 대한 담보 채권 청구로부터 960만 미국 달러를 받았습니다
이 지급은 2025년에 예상되는 최대 1,500만 미국 달러의 포트폴리오 지급의 일부이며
이는 회사가 2025년(금 가격 온스당 2,600달러 기준)에 예상하는 3,010만~3,430만 미국 달러의 로열티 수익에 추가되는 금액입니다
Ming 스트림에서의 총 수익은 이전 스트림 수익 50만 달러를 포함하여 약 1,280만 미국 달러에 달하며
이 지급은 뉴펀들랜드 및 래브라도 대법원이 승인한 FireFly Metals의 Rambler 그룹 인수(최대 6,500만 호주 달러) 이후에 이루어졌습니다
OTCQX : ELEMF) a reçu 9,6 millions de dollars US au titre de sa créance garantie contre Rambler Metals and Mining Canada Limited concernant le flux d'or Ming
Ce paiement fait partie d'un total pouvant atteindre 15 millions de dollars US en paiements de portefeuille attendus en 2025
en plus des revenus de redevances projetés par la société pour 2025
estimés entre 30,1 et 34,3 millions de dollars US (au prix de l'or de 2 600 USD/l’once)
Le rendement total du flux Ming atteindra environ 12,8 millions de dollars US
incluant 0,5 million de dollars US de revenus antérieurs provenant du flux
dépassant ainsi le coût d'acquisition initial de 11 millions de dollars US en 2022
Ce paiement fait suite à l'acquisition du groupe Rambler par FireFly Metals pour un montant pouvant atteindre 65 millions de dollars australiens
approuvée par la Cour suprême de Terre-Neuve-et-Labrador
OTCQX: ELEMF) hat 9,6 Millionen US-Dollar aus seiner gesicherten Gläubigerforderung gegen Rambler Metals and Mining Canada Limited bezüglich des Ming-Gold-Streams erhalten
Diese Zahlung ist Teil von bis zu 15 Millionen US-Dollar an Portfoliobezahlungen
die für 2025 erwartet werden und zusätzlich zu den prognostizierten Lizenzgebühren des Unternehmens von 30,1 bis 34,3 Millionen US-Dollar für 2025 (bei einem Goldpreis von 2.600 USD/oz) kommen
Die Gesamtrendite aus dem Ming-Stream wird etwa 12,8 Millionen US-Dollar erreichen
einschließlich 0,5 Millionen US-Dollar aus früheren Stream-Einnahmen
und übersteigt damit die ursprünglichen Anschaffungskosten von 11 Millionen US-Dollar im Jahr 2022
Die Zahlung erfolgt nach der Übernahme der Rambler-Gruppe durch FireFly Metals für bis zu 65 Millionen australische Dollar
genehmigt vom Obersten Gerichtshof von Neufundland und Labrador
(TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or "the Company") announces that it has received a further US$9.6 million as a result of its secured creditor claim against Rambler Metals and Mining Canada Limited
a wholly owned subsidiary of Rambler Metals and Mining PLC ("Rambler")
in relation to the Company's former Ming gold stream ("Ming stream")
"We are pleased to receive the final instalments relating to the Ming stream that will take our total return to approximately US$12.8 million
The US$9.6 million received now forms the majority of up to US$15 million in one-off payments expected across the portfolio in 2025
which are incremental to our record royalty revenue guidance of US$30.1 million to US$34.3 million
With total expected revenue and payments this year of at least US$45 million
Elemental Altus is in the strongest financial health in its history."
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 Metals Ltd ("Firefly") to acquire the Rambler Group for a total consideration of up to A$65 million on September 11
The Company had the right to submit a secured claim against the total consideration being paid alongside other secured creditors
Since completion of the acquisition by FireFly
the Company has realised approximately US$12.2 million in cash with a final expected amount of US$0.1 million due
Including US$0.5 million in gold stream revenue
the Company has received a total of US$12.8 million from the Ming stream
compared to the original US$11 million acquisition in 2022
Corporate & Media Inquiries:Tel: +1 604 646 4527info@elementalaltus.comwww.elementalaltus.com
Elemental Altus is a proud member of Discovery Group. For more information please visit: www.discoverygroup.ca or contact +1 604 646 4527
TSXV: ELE | OTCQX: ELEMF | ISIN: CA28619K1093 | CUSIP: 28619K109
Elemental Altus is an income 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
mines operated by established counterparties
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
Neither 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
This news release includes market and industry data and forecast that were obtained from third-party sources
industry publications and publicly available information
Third-party sources generally state that the information therein has been obtained from sources believed to be reliable
but there can be no assurances as to the accuracy or completeness of included information
Although management believes it to be reliable
management has not independently verified any of the data from third-party sources referred to in this news release or analyzed or verified the underlying studies or surveys relied upon or referred to by such sources
or ascertained the underlying economic assumptions relied upon by such sources
Cautionary note regarding forward-looking statements
Investors are advised that National Instrument 43-101 Standards for disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators requires that each category of Mineral Reserves and Mineral Resources be reported separately
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250432
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We have entered the age of artificial intelligence (AI) — an era of intense complexity requiring transformative shifts and breakthrough innovations in the semiconductor industry
The demand for more advanced computational capabilities is increasing considerably and today’s chipmakers are pushing the boundaries of what’s possible in the race to scale
Traditional metallization schemes cannot meet these scaling requirements
so the industry is implementing molybdenum (Mo) metallization across all three leading-edge IC types
given that it meets the atomic dimensions required for advanced memory and logic
A common driver for adoption of Mo is its thin film resistivity
which is required in device scaling of metal
Mo doesn’t need an adhesion or barrier layer to prevent current leakage
This helps simplify the process and has the potential to cut costs by removing an extra step and tool
Mo can be deposited using ALD to provide better filling of device features
it can be deposited with non-fluorinated halide precursors to avoid dielectric damage caused in some tungsten applications
Mo etchback and chemical-mechanical planarization (CMP) processes are accomplished with known chemistries and tool sets for faster integration in the fab process flow
significant innovation is required to make Mo viable in manufacturing using ALD tools
Lam is leading the charge in developing new innovations in ALD to drive the adoption of Mo
unit process performance and integration across devices and applications
ALTUS® Halo builds on Lam’s installation-base — the largest for 3D NAND wordline metallization — continuing to enable chipmakers to innovate for the future
Our next generation of the trusted ALTUS line of products brings solutions for 3D NAND
Learn more about ALTUS®
Altus Power, Inc. (NYSE: AMPS), the largest owner of commercial-scale solar in the US, announced that it has entered into a definitive agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure fund for US$5.00 per share of the company’s Class A common stock in an all-cash transaction that values the company at approximately US$2.2 billion, including outstanding debt. Upon completion of the transaction, Altus Power will become a privately held company.
Reporting by Tanay Dhumal in Bengaluru and David French in New York; Editing by Anil D'Silva
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which provided $350 million in debt financing and committed $300 million in preferred equity as part of the SPAC deal in 2021
holds a 13.2% stake in Altus.In recent quarters
Altus has witnessed an uptick in fortunes as it has signed new commercial property customers
amid a surge in demand for renewable energy
Altus posted a 30% jump in revenue to $58.7 million
with net profit up more than 26% to $8.6 million.TPG through its Rise Funds
manages $19 billion of assets focused on backing companies that aim to drive social and environmental impact
according to its website.Reporting by David French in New York; Editing by Anirban Sen and Matthew Lewis
The Oklahoma Highway Patrol is investigating a crash near Altus last week that killed five people
The crash happened on the afternoon of Feb
6 about nine miles west of Altus in southeastern Oklahoma
who was a corporal at Oklahoma State Reformatory in nearby Granite
three children were in the vehicle at the time: two girls aged 17 and 11
Landreth and his daughters Carissa and Elise were pronounced dead at the scene, while his son Merrick was flown to a hospital in critical condition. He is recovering, according to a GoFundMe account set up by a family friend has reached nearly a quarter of its goal
They also have a GoFundMe account set up, which has reached 19% of its goal.