Elemental Royalties to merge with Altus Strategies in a £76m deal.

Elemental Royalties, a rapidly growing gold royalty company with world-class, producing assets on four continents, agreed to merge with Altus Strategies, an income generating mining royalty company, in a £76m deal. "Combining Altus and Elemental will create a new, strong and dynamic income-generating champion in the mining royalty sector. The transaction will bring significant benefits to all current shareholders and establish a compelling investment proposition to potential new institutional and other investors. Our enlarged scale and combined revenues will not only enhance our access to further high-quality royalties, but will also potentially reduce our cost of capital going forward. Shareholders of the enlarged group will also benefit from its differentiated strategy of low-cost and potential high-return royalty generation. As we succeed, we look forward to targeting medium-term capital distributions, as well as participating in further accretive consolidation opportunities in the royalty sector," Steven Poulton, Altus CEO.