Capitalize on the Intersection of Gold & Crypto...

Published: Fri, 08/22/25

Updated: Mon, 08/25/25

At the Intersection of Crypto & Gold

What happens when the affiliate behind the worldb's largest stablecoin takes a controlling position in a revenue-generating royalty company?

You get the powerful intersection of two high-flying investment themes b· crypto and gold b· in a single vehicle: Elemental Altus Royalties (ELE.V; ELEMF.OTC).

Dear Fellow Investor,

Itb's the combination of two megatrends in investing: Cryptocurrency and gold.

Hereb's the blockbuster opportunity that just emerged...

Tether, whose core product is the worldb's largest stablecoin, has taken a commanding interest in Elemental Altus Royalties (ELE.V; ELEMF.OTC).

The backing gives Elemental a powerful financial ally as it looks to grow its already impressive suite of royalty assets.

As youb're about to see, the amount of financial firepower Elemental now has at its disposal gives it a leg up on other junior royalty companies.

And with gold in a bull market, the leverage that a cash-flowing royalty company like Elemental Altus can offer gold bugs is nothing short of extraordinary.

Crypto Giant Makes A Bold Investment

Tetherb's stablecoin USDT is pegged to the U.S. dollar at a 1:1 ratio and has a total supply of US$160 billion.

The product is backed primarily by U.S. Treasuries, and it has an exposure to them of almost US$120 billion.

Now Tether is looking to make a push into gold and in June announced deals with a number of the biggest shareholders of Elemental Altus to acquire up to 51.6% of the issued and outstanding shares of the company.

The largest deals consisted of C$122 million to buy out La Mancha and a C$56 million option to buy out AlphaStream.

Powerful Backing Yields Even Better Deal Access

The biggest impact of Tetherb's controlling position in Elemental Altus is the financial backing it could potentially offer the company.

As it stands, Elemental Altus already has a US$26 million net cash position and access to up to an additional US$50 million in an undrawn credit facility.

In the royalty space, that access to capital is crucial, as it gives Elemental the opportunity to compete with the mid-tier and major companies in the sector for royalties with cash-flowing and near-cash-flowing potential.

10 Producing Assets And
A Track Record Of Consistent Growth

Elemental Altus already controls a commanding position in the richly rewarding royalty space, with royalties on no less than 10 producing assets and 70 exploration and development stage projects.

As the chart below makes clear, the company has shown consistent and impressive growth in adjusted revenue since its inception in 2017.

Click image to enlarge
Elemental Altusb's adjusted revenues have grown every year since its inception and could reach over US$34 million this year.

In 2025, management is guiding for between US$30.1 million and US$34.3 million in adjusted revenue. The mid-point of that guidance would deliver a 50% increase in adjusted revenue over 2024.

Plus, Elemental Altus anticipates receiving additional portfolio payments of US$15 million on top that that royalty revenue.

With 84% of those 2025 revenues coming from gold royalties, Elemental Altus makes for a superbly leveraged way to play the yellow metal.

Organic And Acquisition Growth Possible

Elementalb's flagship assets include a 2% NSR on Capricorn Metalsb' Karlawinda gold mine in Western Australia and a 0.473% NSR on Lundin Miningb's Caserones copper-moly mine in Chile.

Elementalb's Karlawinda royalty generates over US$5 million per year in royalty revenue and its Caserones royalty produces US$5.5 million of annual revenue. Karlawinda is slated for a mine expansion in mid-2026 and Caserones could grow via throughput increases.

In addition, production has begun in 2025 on the Korali-Sud license within Allied Goldb's Sadiola project in Mali. Elemental holds a 3% NSR on the first 226,000 ounces of gold payable from Korali-Sud and a 2% NSR thereafter.

Elemental received its first payment of US$6.6 million from this royalty in Q1 2025. Korali-Sud is one of Elementalb's many producing and development-stage assets that have significant exploration upside.

Combine this organic growth potential with the real likelihood that Elemental Altus will stay active on the acquisition front, and you have one of todayb's most growth-oriented royalty plays.

Primed To Outperform

The backing of a crypto behemoth. A US$26 million and growing cash position and access to another US$50 million in an undrawn credit facility. And a clear trend of year-over-year revenue growth.

All those factors make Elemental Altus a compelling investment in a gold bull market.

And yet, as you can see below, the company remains significantly undervalued relative to its peers.

Click image to enlarge
On a price-to-estimated revenue basis, Elemental Altus looks significantly undervalued relative to mid-tier and major royalty companies.

Based on its current price-to-estimated-2025-revenue projection, Elemental Altus is trading at around 11x estimated revenue, whereas peer royalty companies like GoldRoyalty (24.6x) and Metalla Royalty & Streaming (29.0x) are trading at much higher multiples.

Thanks to Tether Investments becoming a controlling shareholder, going forwards Elemental Altus will be able to play in the same leagues as even the larger mid-tier royalty companies and potentially garner a big rerating in the process.

Bottom line: Nowb's the time to begin your due diligence on Elemental Altus Royalties.

CLICK HERE
To Learn More about Elemental Altus Royalties Corp.

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