Thomson Geer advises Elemental Altus Royalties on cornerstone royalty acquisitions in Australia and Africa

Thomson Geer is advising Canadian-listed gold focused royalty company Elemental Altus Royalties on two strategic royalty acquisitions - the cornerstone Laverton gold royalty in Western Australia and the Dugbe development asset royalty in Liberia.

Elemental Altus will acquire a royalty stream from gold miner Genesis Minerals' Focus Laverton Project and miner Brightstar's nearby Jasper Hills Project, in Western Australia, a Tier 1 jurisdiction, for approximately US$52 million, and a royalty stream from Pasofino Gold's Dugbe Project in Liberia for up to US$20 million.

The acquisitions see Elemental Altus significantly expand its royalty portfolio, further reinforcing its exposure to high quality gold assets.

The Thomson Geer team was led by Partner Hedley Roost, who said: "Advising on these strategic acquisitions underlines our commitment to delivering legally robust outcomes in high-stakes royalty transactions. We congratulate Elemental Altus on securing a significant foothold in a premier gold jurisdiction and increasing its development portfolio and we are pleased to have supported them through critical deal milestones."

The team provided comprehensive legal support to Elemental Altus on all aspects of both transactions – due diligence, acquisition agreements, security documentation and all negotiations.

Hedley was supported by Partner Sarah O'Brien-Smith, Senior Associates Melissa Oliveri and Kajal Parmar, Associate Ruth Kooy and Lawyer Josephine Singgih.

Elemental Altus is an income generating precious metals royalty company with 10 producing royalties and a diversified portfolio of pre-production and discovery stage assets. The Company is focused on acquiring uncapped royalties and streams over producing, or near-producing, mines operated by established counterparties.

‍