Gleason & Sons Expands Stake in Elemental Altus Royalties

Gleason & Sons LLC has announced the acquisition of nearly one million common shares of Elemental Altus Royalties Corp. This move follows Tether Investments' entry as a major shareholder, as Elemental Altus reports significant financial improvements.

Stefan Gleason, managing director, highlighted the company's new growth phase, marked by debt clearance and record profitability. Elemental Altus has secured a $50 million credit facility and over $20 million in cash, poised for potential expansion amidst rising gold prices.

Gleason underscores Elemental Altus's undervaluation, suggesting it could drive consolidation in the mining royalty sector. The strategic focus remains on mining royalty investments, considered low-risk in inflationary periods.