Tether Investments-backed Elemental Altus completed the acquisition of Emx Royalty for $100m.

Tether Investments-backed Elemental Altus, a precious metals royalty company, completed the acquisition of Emx Royalty, a precious and base metal royalty company and prospect generator, for $100m. “The merger of Elemental Altus and EMX represents a superb opportunity to combine two royalty companies with accelerating revenue streams and a shared mindset of financial discipline in the pursuit of growth. The ethos of EMX from the founding of the company has been to expose shareholders to the ever increasing value of mineral rights around the world. We believe that growing a diverse portfolio of royalties is the most effective way to accomplish this goal. Royalties are phenomenal financial instruments that leverage commodity price exposure and the asymmetric upside of exploration success. The integration of EMX and Elemental’s portfolios are expected to greatly enhance shareholder value through increased liquidity, capital availability and importantly, discovery optionality across an expanded portfolio,” David Cole, EMX CEO.