TSXV:ELEMetals and Mining
Is Elemental Royalty’s Expanded US$150M Credit Line Reshaping The Investment Case For TSXV:ELE?
Elemental Royalty Corporation recently amended and upsized its previously undrawn Revolving Credit Facility to a US$150,000,000 line with a US$50,000,000 Accordion feature, maturing on February 27, 2029 and priced off SOFR with tiered margins and standby fees.
This expanded facility, arranged and funded by National Bank of Canada, CIBC and The Bank of Nova Scotia, gives Elemental additional flexibility to pursue accretive royalty and streaming opportunities without immediately issuing...