Elemental Royalties (TSE:ELE) has released an update.
Elemental Altus Royalties has expanded its revolving credit facility to $50 million, bringing Royal Bank of Canada onboard as a new lender alongside National Bank of Canada and Canadian Imperial Bank of Commerce. The company plans to use this increased capacity for non-dilutive royalty acquisitions, leveraging strong cash flows to reduce debt.
For further insights into TSE:ELE stock, check out TipRanks’ Stock Analysis page.
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