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Financings

Elemental Altus files meeting material for financing

By The Northwire Desk — AI Analysis Oct 03, 2025 · 18:19 ELE · 24.37 Elemental Royalty Corporation
ELE · Price

Executive Summary

  • Elemental Altus Royalties Corp. filed and distributed its management information circular for the special shareholders’ meeting scheduled for Nov 4, 2025.
  • The meeting will consider approval of a related‑party private placement of 7,502,502 common shares to Tether Investments at $18.38 CAD (≈ $13.33 USD) per share, targeting gross proceeds of approximately C$137.9 million (≈ US$100 million).
  • A name change to “Elemental Royalty Corp.” is also proposed pending shareholder approval.

Key Details

  • Financing Terms:
  • Private placement of 7,502,502 common shares to Tether Investments S.A. de C.V.
  • Price per share: C$18.38 (≈ US$13.33).

  • Expected gross proceeds: ≈ C$137.9 million (≈ US$100 million).

  • Shareholder Approvals Required:

  • Ordinary resolution appointing Tether as a control person under TSX‑V Policy 1.1.
  • Ordinary resolution approving the financing (majority of minority shareholder approval per MI 61‑101 & TSX‑V Policy 5.9).

  • Special resolution to amend the notice of articles to change the company name to Elemental Royalty Corp. (or alternative as directed by the board).

  • Meeting Logistics:

  • Date: Nov 4, 2025; Time: 10:00 a.m. Vancouver time.
  • Location: Suite 1020 – 800 West Pender St., Vancouver, B.C., V6C 2V6.

  • Record date for shareholders: Close of business Sept 25, 2025.

  • Access to Materials & Voting Due to Postal Strike:

  • Materials posted on the company website and SEDAR+, available by courier or e‑mail upon request.
  • Advertisement published in The Globe & Mail (Oct 3, 2025) with voting instructions.

  • Online and telephone voting options provided; proxy cut‑off extended to Nov 3, 2025 (close of business).

  • Voting Deadlines:

  • Standard deadline: Oct 31, 2025, 10:00 a.m. Vancouver time.

  • Waived cutoff due to strike: extended to Nov 3, 2025, close of business.

  • Contact Information for Shareholders:

  • Email: [email protected]
  • Phone: 1‑604‑646‑4527 (general inquiries)
  • Proxy assistance: Computershare at 1‑800‑564‑6253 for control numbers.

Notable Quotes

No executive quotes were included in the release.

Read the original news release →

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