Elemental Royalty Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Total Revenue | 16.3M | 11.7M | 9.6M | 6.6M |
| Operating Revenue | 16.0M | 11.3M | 9.6M | 6.6M |
| Cost Of Revenue | 7.2M | 6.9M | 5.4M | 2.9M |
| Gross Profit | 9.1M | 4.8M | 4.2M | 3.7M |
| Selling General And Administration | 8.1M | 7.5M | 7.3M | 3.6M |
| General And Administrative Expense | 8.1M | 7.5M | 7.3M | 3.6M |
| Other Operating Expenses | 241,000 | 575,000 | 316,000 | 435,000 |
| Operating Expense | 8.4M | 8.0M | 7.6M | 4.0M |
| Operating Income | 721,000 | -3.2M | -3.4M | -317,000 |
| EBIT | 3.0M | 899,000 | -13.9M | -338,000 |
| Interest Expense | 2.0M | 2.6M | 4.5M | 3.0M |
| Interest Expense Non Operating | 2.0M | 2.6M | 4.5M | 3.0M |
| Interest Income | 198,000 | 106,000 | 23,000 | 15,000 |
| Interest Income Non Operating | 198,000 | 106,000 | 23,000 | 15,000 |
| Net Interest Income | -1.8M | -2.5M | -4.5M | -3.0M |
| Other Income Expense | 2.1M | 4.0M | -10.5M | -36,000 |
| Other Non Operating Income Expenses | 604,000 | 427,000 | -8,000 | -- |
| Special Income Charges | -463,000 | 1.3M | -10.1M | 0.00 |
| Restructuring And Mergern Acquisition | 400,000 | 0.00 | 5.6M | 0.00 |
| Write Off | 436,000 | 292,000 | 4.5M | 0.00 |
| Gain On Sale Of Security | -59,000 | 107,000 | -475,000 | -36,000 |
| Earnings From Equity Interest | 2.0M | 2.2M | 74,000 | 0.00 |
| Pretax Income | 1.0M | -1.7M | -18.3M | -3.4M |
| Tax Provision | 1.3M | 1.3M | -121,000 | 1.4M |
| Tax Effect Of Unusual Items | -78,300 | 559,200 | -69,774 | -9,540 |
| Net Income From Continuing And Discontinued Operation | -364,000 | -3.9M | -18.2M | -4.7M |
| Net Income From Continuing Operation Net Minority Interest | -312,000 | -3.0M | -18.2M | -4.7M |
| Net Income Including Noncontrolling Interests | -364,000 | -3.9M | -18.2M | -4.7M |
| Net Income Common Stockholders | -364,000 | -3.9M | -18.2M | -4.7M |
| Net Income | -364,000 | -3.9M | -18.2M | -4.7M |
| EBITDA | 10.3M | 7.8M | -8.4M | 2.5M |
| Normalized EBITDA | 10.8M | 6.4M | 2.2M | 2.6M |
| Reconciled Depreciation | 7.2M | 6.9M | 5.4M | 2.9M |
| Basic EPS | 0.00 | -0.20 | -1.70 | -0.70 |
| Diluted EPS | 0.00 | -0.20 | -1.70 | -0.70 |
| Basic Average Shares | 20.4M | 18.7M | 10.5M | 6.6M |
| Diluted Average Shares | 20.4M | 18.7M | 10.5M | 6.6M |
| Total Unusual Items | -522,000 | 1.4M | -10.6M | -36,000 |
| Total Unusual Items Excluding Goodwill | -522,000 | 1.4M | -10.6M | -36,000 |
| Tax Rate For Calcs | 0.15 | 0.40 | 0.01 | 0.27 |
| Normalized Income | 131,700 | -3.9M | -7.7M | -4.7M |
| Diluted NI Availto Com Stockholders | -364,000 | -3.9M | -18.2M | -4.7M |
| Gain On Sale Of Business | 373,000 | 1.6M | 0.00 | -- |
| Net Income Continuous Operations | -312,000 | -3.0M | -18.2M | -4.7M |
| Net Income Discontinuous Operations | -52,000 | -860,000 | 0.00 | 0.00 |
| Net Non Operating Interest Income Expense | -1.8M | -2.5M | -4.5M | -3.0M |
| Other Gand A | 6.8M | 7.2M | 3.2M | 3.0M |
| Other Special Charges | -- | -- | 178,000 | -- |
| Reconciled Cost Of Revenue | 7.2M | 6.9M | 5.4M | 2.9M |
| Salaries And Wages | 1.4M | 243,000 | 4.1M | 638,000 |
| Total Expenses | 15.6M | 14.9M | 13.0M | 6.9M |
| Total Operating Income As Reported | 2.3M | 259,000 | -13.4M | -317,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 4.5M | 11.3M | 17.5M | 6.1M |
| Cash Cash Equivalents And Short Term Investments | 4.5M | 11.3M | 17.5M | 6.1M |
| Cash Financial | 4.5M | 11.3M | 17.5M | 6.1M |
| Accounts Receivable | 11.2M | 3.4M | 43,000 | 0.00 |
| Receivables | 16.4M | 7.1M | 2.5M | 2.0M |
| Prepaid Assets | 248,000 | 107,000 | 359,000 | 252,000 |
| Other Current Assets | -- | -- | 359,000 | 335,000 |
| Current Assets | 21.1M | 18.8M | 40.2M | 8.5M |
| Gross PPE | 156.9M | 127.3M | 115.5M | 73.9M |
| Accumulated Depreciation | -21.2M | -17.1M | -11.3M | -5.9M |
| Net PPE | 135.7M | 110.2M | 104.2M | 68.0M |
| Investments And Advances | 43.3M | 46.4M | 41.5M | 0.00 |
| Long Term Equity Investment | 41.1M | 43.0M | 40.3M | 0.00 |
| Total Non Current Assets | 183.1M | 170.1M | 145.7M | 68.0M |
| Total Assets | 204.2M | 188.9M | 185.9M | 76.5M |
| Accounts Payable | 737,000 | 75,000 | 1.2M | 378,000 |
| Payables | 2.4M | 474,000 | 1.5M | 484,000 |
| Payables And Accrued Expenses | 3.3M | 1.9M | 2.4M | 1.4M |
| Current Accrued Expenses | 993,000 | 1.5M | 981,000 | 958,000 |
| Other Current Liabilities | -- | 61,000 | 5.0M | -- |
| Current Liabilities | 3.3M | 2.0M | 7.4M | 1.4M |
| Long Term Debt | 2.7M | 30.0M | 30.0M | 24.4M |
| Long Term Debt And Capital Lease Obligation | 2.7M | 30.0M | 30.0M | 24.4M |
| Long Term Capital Lease Obligation | -- | 0.00 | 38,000 | 0.00 |
| Total Non Current Liabilities Net Minority Interest | 4.4M | 31.7M | 32.1M | 24.6M |
| Total Liabilities Net Minority Interest | 7.8M | 33.7M | 39.5M | 26.0M |
| Common Stock | 217.4M | 177.4M | 165.0M | 56.4M |
| Capital Stock | 217.4M | 177.4M | 165.0M | 56.4M |
| Additional Paid In Capital | 6.5M | 5.7M | 7.0M | 1.7M |
| Retained Earnings | -29.0M | -29.2M | -25.9M | -7.7M |
| Gains Losses Not Affecting Retained Earnings | 1.4M | 1.3M | 340,000 | 43,000 |
| Other Equity Adjustments | 1.4M | 1.3M | 340,000 | 43,000 |
| Common Stock Equity | 196.4M | 155.2M | 146.4M | 50.5M |
| Stockholders Equity | 196.4M | 155.2M | 146.4M | 50.5M |
| Total Equity Gross Minority Interest | 196.4M | 155.2M | 146.4M | 50.5M |
| Total Capitalization | 199.1M | 185.2M | 176.4M | 74.9M |
| Net Tangible Assets | 196.4M | 155.2M | 146.4M | 50.5M |
| Tangible Book Value | 196.4M | 155.2M | 146.4M | 50.5M |
| Working Capital | 17.7M | 16.8M | 32.8M | 7.0M |
| Invested Capital | 199.1M | 185.2M | 176.4M | 74.9M |
| Total Debt | 2.7M | 30.0M | 30.0M | 24.4M |
| Net Debt | -- | 18.7M | 12.5M | 18.3M |
| Share Issued | 24.6M | 19.6M | 18.1M | 6.9M |
| Ordinary Shares Number | 24.6M | 19.6M | 18.1M | 6.9M |
| Assets Held For Sale Current | 0.00 | 303,000 | 19.9M | 0.00 |
| Available For Sale Securities | -- | 3.4M | 1.2M | -- |
| Capital Lease Obligations | -- | 0.00 | 38,000 | 0.00 |
| Current Deferred Liabilities | -- | -- | -- | 153,000 |
| Current Deferred Taxes Liabilities | -- | -- | -- | 153,000 |
| Duefrom Related Parties Current | 0.00 | 735,000 | 242,000 | 0.00 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 2.2M | 3.4M | -- | -- |
| Interest Payable | 12,000 | 87,000 | 215,000 | 0.00 |
| Investmentin Financial Assets | 2.2M | 3.4M | 1.2M | 0.00 |
| Investmentsin Associatesat Cost | 41.1M | 43.0M | 40.3M | 0.00 |
| Non Current Accounts Receivable | 4.0M | 13.5M | -- | -- |
| Non Current Deferred Assets | -- | -- | -- | 0.00 |
| Non Current Deferred Liabilities | 1.7M | 1.7M | 2.1M | 153,000 |
| Non Current Deferred Taxes Liabilities | 1.7M | 1.7M | 2.1M | 153,000 |
| Other Payable | 1.6M | 399,000 | 294,000 | 106,000 |
| Other Properties | -- | -- | 193,000 | -- |
| Other Receivables | 5.1M | 2.8M | 2.1M | 2.0M |
| Taxes Receivable | 86,000 | 157,000 | 163,000 | 0.00 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 4.8M | 2.0M | -723,000 | 1.1M |
| Cash Flow From Continuing Operating Activities | 4.8M | 2.0M | -723,000 | 1.1M |
| Depreciation And Amortization | -- | 62,000 | 36,000 | 0.00 |
| Depreciation Amortization Depletion | 7.2M | 6.9M | 5.4M | 2.9M |
| Stock Based Compensation | 1.4M | 243,000 | 4.1M | 638,000 |
| Deferred Tax | 1.3M | 1.3M | -- | -- |
| Deferred Income Tax | 1.3M | 1.3M | -- | -- |
| Change In Working Capital | -3.0M | -525,000 | 81,000 | -701,000 |
| Changes In Account Receivables | -2.5M | 146,000 | 146,000 | -1.2M |
| Change In Receivables | -2.5M | 146,000 | 146,000 | -1.2M |
| Change In Payables And Accrued Expense | -479,000 | -671,000 | -65,000 | 460,000 |
| Change In Payable | -- | -- | -65,000 | 460,000 |
| Other Non Cash Items | 1.3M | 2.9M | 2.7M | 3.0M |
| Capital Expenditure | -3.2M | -5.6M | -12.7M | -40.1M |
| Purchase Of PPE | -3.2M | -5.6M | -12.7M | -40.1M |
| Net PPE Purchase And Sale | -3.2M | -5.6M | -12.6M | -40.1M |
| Purchase Of Business | 0.00 | -5.1M | 0.00 | -- |
| Sale Of Business | 50,000 | 1.0M | 7.9M | 0.00 |
| Sale Of Investment | 3.5M | 0.00 | -- | -- |
| Net Investment Purchase And Sale | 3.5M | 0.00 | -- | -- |
| Investing Cash Flow | 4.5M | -5.6M | -3.4M | -40.1M |
| Cash Flow From Continuing Investing Activities | 4.5M | -5.6M | -3.4M | -40.1M |
| Issuance Of Debt | -- | 0.00 | 3.9M | 24.8M |
| Repayment Of Debt | -27.0M | -31,000 | -11,000 | 0.00 |
| Net Issuance Payments Of Debt | -27.0M | -31,000 | 3.9M | 24.8M |
| Issuance Of Capital Stock | 12.8M | 0.00 | 14.9M | 12.7M |
| Net Common Stock Issuance | 12.8M | 0.00 | 14.9M | 12.7M |
| Financing Cash Flow | -16.1M | -2.6M | 15.8M | 34.2M |
| Cash Flow From Continuing Financing Activities | -16.1M | -2.6M | 15.8M | 34.2M |
| Effect Of Exchange Rate Changes | -54,000 | 1,000 | -281,000 | -12,000 |
| Changes In Cash | -6.8M | -6.2M | 11.6M | -4.8M |
| Beginning Cash Position | 11.3M | 17.5M | 6.1M | 10.9M |
| End Cash Position | 4.5M | 11.3M | 17.5M | 6.1M |
| Free Cash Flow | 1.6M | -3.6M | -13.4M | -39.0M |
| Asset Impairment Charge | 436,000 | 292,000 | 4.5M | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | -- | -- | -65,000 | 460,000 |
| Change In Income Tax Payable | -- | -- | -- | 153,000 |
| Change In Prepaid Assets | -- | -- | -- | -139,000 |
| Change In Tax Payable | -- | -- | -- | 153,000 |
| Common Stock Issuance | 12.8M | 0.00 | 14.9M | 12.7M |
| Depletion | 7.2M | 6.9M | 5.4M | 2.9M |
| Depreciation | -- | 62,000 | 36,000 | 0.00 |
| Dividends Received Cfi | 3.9M | 4.1M | 1.3M | 0.00 |
| Earnings Losses From Equity Investments | -2.0M | -2.2M | -74,000 | 0.00 |
| Gain Loss On Sale Of Business | -373,000 | -1.5M | 0.00 | -- |
| Interest Paid Cff | -2.0M | -2.6M | -2.5M | -2.6M |
| Interest Received Cfi | -- | -- | -- | 15,000 |
| Long Term Debt Issuance | -- | 0.00 | 3.9M | 24.8M |
| Long Term Debt Payments | -27.0M | -31,000 | -11,000 | 0.00 |
| Net Business Purchase And Sale | 50,000 | -4.1M | 7.9M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | 201,000 | 249,000 | 577,000 | 14,000 |
| Net Income From Continuing Operations | -364,000 | -3.9M | -18.2M | -4.7M |
| Net Long Term Debt Issuance | -27.0M | -31,000 | 3.9M | 24.8M |
| Net Other Financing Charges | 107,000 | 49,000 | -541,000 | -741,000 |
| Net Other Investing Changes | 283,000 | -- | 1,000 | 15,000 |
| Operating Gains Losses | -2.2M | -3.4M | 503,000 | 14,000 |
| Sale Of PPE | -- | 0.00 | 63,000 | 0.00 |
| Taxes Refund Paid | -1.3M | -1.6M | -- | -- |
| Unrealized Gain Loss On Investment Securities | 5,000 | -106,000 | 194,000 | 0.00 |