April 17, 2024 – Vancouver, BC: Elemental Altus Royalties Corp. (“Elemental Altus” or the “Company”) (TSX-V: ELE, OTCQX: ELEMF) announces its operating and financial results for the fourth quarter and full year ended December 31, 2023.

For complete details, please refer to the Financial Statements and associated Management Discussion and Analysis (“MD&A”) for the year ended December 31, 2023, available on SEDAR+ (http://www.sedarplus.ca) and the Company’s website (www.elementalaltus.com). All amounts are in U.S. dollars unless otherwise indicated.

Full Year 2023 Highlights:

Record revenue of US$11.7 million and record adjusted revenue1 of US$17.9 million, up 69% on 2022
Record Gold Equivalent Ounces1 (“GEOs”) of 9,122 ounces, up 56% on 2022
Record Operating Cash Flow plus Caserones dividends of US$6.1 million, up 894% on 2022, and record adjusted EBITDA1 of US$9.8 million, up 47% on 2022
US$20 million of accretive royalty acquisitions
Fourth Quarter 2023 Highlights:

see & read more on
https://elementalaltus.com/elemental-altus-royalties-2023-full-year-results-record-annual-revenue-gold-equivalent-ounces-ebitda-and-maiden-quarterly-profit/