Exited investment
Elemental Altus Royalties logo on dark blue background

Elemental Altus Royalties

Elemental Altus Royalties

Royalties

Exited · 2025

Elemental Altus Royalties was a precious metals royalty company with a diversified portfolio of producing and development-stage assets worldwide. La Mancha first invested in Altus Strategies in 2020 and supported its transition towards revenue-generating royalties, including the acquisition of the Caserones royalty and its transformational merger with Elemental Royalties in 2022.

Exit summary

In June 2025, La Mancha completed its exit by selling its entire c.32% shareholding to Tether Investments for approximately US$90 million, concluding a five-year investment that helped establish Elemental as a leading junior royalty company.

Investment status

Fully Exited

Position realised in 2025

Metal

Royalties

Region

Global

Current ownership

Exited

Holding since

2022 – 2025

Ticker

TSXV: ELE; ‎OTCQX: ELEMF

Metal

Royalties

Region

Global

Current ownership

Exited

Holding since

2022 – 2025

Ticker

TSXV: ELE; ‎OTCQX: ELEMF

Seeking industrial value creation through long-term investments in gold mining.