ELEMENTAL ROYALTY SAYS THAT AS A RESULT OF THE DIVESTMENT IT WILL REDUCE HEADCOUNT BY OVER 50%, ANTICIPATING A REDUCTION IN ANNUAL CASH EXPENSES OF ABOUT $6 MLN, AND SEES 2026 GEO SALES GUIDANCE OF 19,500-22,000 GEOS AND REVENUE GUIDANCE OF $89.8 MLN-$101.1 MLN.
ELEMENTAL ROYALTY CORP HAS ACQUIRED A STREAMS AND ROYALTIES PORTFOLIO FROM ORION FOR $290.0 MLN, WHILE DIVESTING ITS GENERATION BUSINESS TO CARLIN EAST IN A NON-BINDING DEAL, RECEIVING $8.5 MLN IN CARLIN EAST SHARES — ABOUT A 19.9% STAKE ON A POST-FINANCING BASIS — AND RETAINING 50% OF ALL EXISTING AND FUTURE PRODUCTION ROYALTIES FROM THE TRANSFERRED AGREEMENTS.
“Elementary school always taught more than reading and mathematics. Children learned how to wait for someone else’s idea to be expressed before sharing their own, to negotiate disagreements and explain their thinking.”