F E B R U A R Y / M A R C H 2 0 1 9
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Ely received (US$6 million). "But rather than
use that money to develop another property,
it elected to do something for shareholders
that management thought could add value
faster, said Trey Wasser, President and CEO
of Ely Gold Royalties.
"So we changed the business model to
what we are currently doing, and started
buying properties from well-known pros
-
pectors in Nevada and the Yukon," Wasser
said.
Altius Minerals Corp. [ALS-TSX]
directly and indirectly holds diversified
royalties and streams that generate revenue
from 15 operating mines. These assets are
located in Canada and Brazil, producing
copper, zinc, cobalt, iron ore, potash and
thermal (electrical) and metallurgical coal.
In addition, the company holds a large port
-
folio of exploration stage projects which it
generated for deal making with industry
partners that result in newly created royal-
ties and equity and minority interests.
Altius has recently been linked to gold
exploration in central Newfoundland
through a 19.9% stake in Antler Gold
Corp. [ANTL-TSXV] and its ownership of
9.2 million common shares of Sokoman
Iron Corp. [SIC-TSXV] plus 1,800,000
warrants and a 1.5% NSR royalty on
Sokoman's Moosehead gold project.
Metalla Royalty & Streaming Ltd.
[MTA-TSXV; MTAFF-OTCQB; X9CP-FSE]
was built to generate leveraged precious
metal exposure by acquiring royalties and
streams. It has a diverse structure that is
focused on deals worth $2 million to $10
million. Its key assets include a stream
on 100% of the silver production from
CBH Resources Ltd.'s Endeavour Mine
in Australia. It also has a 2% net smelter
return royalty on Pan American Silver
Corp.'s [PAAS-TSX, NASDAQ] Joaquin
Mine in Santa Cruz, Argentina. "We are
not digging in the ground, mining, using
dump trucks, looking for gold," said E.B.
Tucker, a Metalla independent director.
We are buying 1% or 2% of all the pro
-
duction in a mine. Tucker said. Metalla
aims to be in tier one jurisdictions. "You
think of North America, and Australia,
the type of place where you and I can do
