Morning Briefing: Elemental Altus Lands $100M Tether Investment and Completes EMX Deal
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m your host for this week, Ian Wagner.
It's Thursday, November 13th.
Gold futures pushed higher through Wednesday’s session, with the December contract finishing near $4,215 per ounce, up more than two percent on the day. The move came as traders leaned into expectations for a Federal Reserve rate cut, even as a firmer U.S. dollar capped some of the afternoon strength. Silver outperformed, climbing more than five percent to settle around $53.50 per ounce. Overnight, the momentum held. As of 8:00 a.m. ET on Thursday, gold is trading just above $4,235, while silver is steady near $53.70, keeping both metals at the top end of their weekly range. Gold-equity sentiment improved as well. The GDXJ added roughly three percent on Wednesday, while the GDX also finished higher as investors rotated toward miners offering leverage to rising metal prices. Overall, the precious-metals complex enters Thursday with steady upside tone, supported by easing-rate expectations and resilient demand across futures and mining equities.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by… Revival Gold
Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-gold.com
And here’s what you need to know this morning…..
Elemental Altus Royalties has officially completed its merger with EMX Royalty, creating a newly combined royalty company that will operate under the name Elemental Royalty Corporation. The deal brings together two complementary portfolios and installs EMX’s David Cole as CEO, with Frederick Bell stepping into the role of President and COO. The company will begin trading under the ticker ELE on the TSX-V and ELEMF on the OTCQX starting November 14. Alongside the merger, Elemental closed a US$100 million strategic investment from Tether, providing significant capital to repay debt, cover transaction costs, and help fund royalty acquisitions in Australia and Liberia. Leadership emphasized the enhanced scale, diversification, and cash-flow potential of the new platform, positioning Elemental as a peer-leading royalty business with exposure across commodities and stages of development. I’d also just note that …The US$100 million investment from Tether — a rare hard-asset move from the world’s largest stablecoin issuer — brings a notable new class of investor into the mining royalty space.. The company trades on the TSX-V under ELE and OTCQX under ELEMF. NEWS RELEASE
Vizsla Copper announced a major step forward in its North American critical-minerals strategy with the agreement to acquire Constantine Metal Resources, owner of the Palmer VMS Project in southeast Alaska. Palmer is a high-grade, advanced-stage copper-zinc-silver-gold system with road access to tidewater and more than US$116 million in prior investment. The project hosts nearly 5 million tonnes indicated at strong copper‐equivalent grades and an additional 12 million tonnes inferred, anchored by standout drill intercepts including more than 40 metres grading over 6% copper. Chairman and CEO Craig Parry called the acquisition transformational, noting Palmer’s combination of grade, scale, and a strategic U.S. location at a time of surging demand for critical minerals. American Pacific Mining will remain a shareholder as Vizsla advances Palmer alongside its Thira discovery in British Columbia, setting up year-round exploration and steady news flow. Vizsla Copper trades on the TSX-V under VCU and OTCQB under VCUFF. NEWS RELEASE
Banyan Gold reported another strong set of drill results from the Airstrip zone at its AurMac Project in the Yukon, continuing to expand shallow, near-surface gold domains grading above one gram per tonne. The latest holes cut multiple high-grade intervals, including nearly 18 metres of 3.66 g/t gold with a standout 1.6-metre run of 35.98 g/t. Other holes returned consistent mineralization across broad widths, reinforcing continuity along the felsic dyke contact that now extends more than 500 metres along strike and close to 300 metres down dip. CEO Tara Christie said the program continues to define and grow the near-surface zones that anchor AurMac’s resource. VP Exploration Duncan Mackay added that the strong skarn-style mineralization and expansion of the high-grade core point to meaningful ounce-addition potential. Banyan Gold trades on the TSX-V under BYN and OTCQB under BYAGF. NEWS RELEASE
Americas Gold and Silver moved to consolidate its position in Idaho’s Silver Valley with a US$65 million deal to acquire Crescent Silver LLC, owner of the high-grade Crescent Mine located just nine miles from the company’s Galena Complex. The acquisition includes US$20 million in cash and roughly 11.1 million shares, with a concurrent US$65 million bought-deal financing—backed by Eric Sprott and other key institutions—fully funding the cash portion and providing capital for development. Crescent hosts a historic resource of more than 22 million ounces of silver, with grades similar to Galena’s silver-copper-antimony ore and potential to add 1.4 to 1.6 million ounces of annual silver production. The mine is fully permitted, already equipped with infrastructure, and offers significant exploration upside across under-tested vein systems and fault structures. Proximity to Galena enables immediate processing and operating synergies. Americas Gold and Silver trades on the **TSX under USA** and **NYSE American under USAS. NEWS RELEASE
Gold X2 Mining reported its third batch of results from the ongoing grade-control program at the Moss Gold Project in northwest Ontario, returning another set of long, continuous gold intercepts from shallow drilling across the Main Zone. The nineteen holes targeted marginal and core shears and continue to confirm broad zones of near-surface mineralization, including standout intervals such as 78 metres of 1.44 g/t gold, 73 metres of 1.08 g/t, and 71 metres of 1.08 g/t. Higher-grade internal zones—running up to 11.6 g/t over two metres—align well between drill holes, demonstrating strong continuity. CEO Michael Henrichsen said the consistency of these broad intervals, combined with repeated higher-grade shoots, is sharpening the company’s understanding of the deposit’s geometry ahead of future economic studies. The work is expected to help define higher-grade domains that could materially improve project economics. Gold X2 Mining trades on the TSX-V under AUXX and OTCQB under GSHRF. NEWS RELEASE
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That’s it for today everyone. Have a great day. Stay safe.
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