Elemental Altus Royalties Notes US-Canada Funding Covering Mactung Royalty and Development Plans at Western Queen
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Elemental Altus Royalties Corp. announced that Fireweed Metals Corp. has secured up to C$35.4 million in funding from US and Canadian governments to advance the Mactung Project, on which Elemental Altus holds a 4% NSR royalty.
December 17, 2024 | 12:45 pm
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Elemental Altus Royalties Corp. stands to benefit from Fireweed Metals' C$35.4 million funding for the Mactung Project, as it holds a 4% NSR royalty on the project.
The funding secured by Fireweed Metals for the Mactung Project is likely to enhance the project's development, potentially increasing future revenues for Elemental Altus due to its 4% NSR royalty. This development is significant for Elemental Altus as it directly impacts its revenue stream.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80