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Ely Gold Royalties

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uuid0006kt6

Namestring
Ely Gold Royalties
Legal namestring
Ely Gold Royalties Inc.
Websiteurl
elygoldinc.com
Company typeenum
Public
Founded yearint
1995
Descriptiontext

Ely Gold Royalties Inc. was a precious metals royalty company headquartered in Vancouver, Canada, focused on acquiring royalty interests in gold and other precious metals mining properties across the Americas. Founded in 1995 and operating with a small team of 1-10 employees, the company was publicly traded on the TSX Venture Exchange and OTCQX. Its core business model centered on providing capital to mining operators in exchange for royalty agreements on future production, generating revenue without operational involvement in mining activities. Royalty agreements were negotiated individually with operators and pricing was not publicly disclosed. The company's primary product was royalty interests in precious metals properties, primarily gold.

On August 17, 2021, Ely Gold shareholders overwhelmingly approved a business combination with Gold Royalty Corp. via a statutory plan of arrangement under the British Columbia Business Corporations Act, which was completed on August 23, 2021. Following the merger, Ely Gold shares were delisted from both the TSX Venture Exchange and OTCQX, and former shareholders received Gold Royalty Corp. common shares. The combination was positioned to create a leading growth-focused Americas precious metals royalty company. As a Canadian-domiciled corporation in the extractive sector, Ely Gold complied with ESTMA (Extractive Sector Transparency Measures Act) reporting, publishing annual disclosures on payments made to foreign governments, with a 2021 ESTMA Report available.

Short descriptiontext

Ely Gold Royalties Inc. was a Vancouver-based precious metals royalty company that provided capital to mining operators in exchange for royalty interests on gold production across the Americas, operating from 1995 until its 2021 acquisition by Gold Royalty Corp.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersVancouver, Canada
HQ citystring
Vancouver
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
gold royalty interests, precious metals royalties, mining royalty financing, mineral property royalties, Americas gold royalties
Industry3 codes
1Precious Metals Streaming, Royalties & Offtake
CodeIMAKAEAFPrimaryYes
2Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming)
CodeFSAHAIAKPrimaryNo
3Gold Mining
CodeIMAKAEAAPrimaryNo
NAICS code1 code
  • Support Activities for Mining213
SIC code1 code
  • Mineral Royalty Traders6795
Product category
Precious Metals Royalties
Social media profiles1 record
Cost components2 values
Personnel, Operations
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Ely Gold Royalties provided financing to mining operators in exchange for royalty interests in precious metals properties, primarily gold, located across the Americas. Revenue was generated from royalty payments tied to the future production of these properties, allowing the company to participate in mining economics without operating mines itself.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Ely Gold Royalties operated as a precious metals royalty company focused on gold royalties. The company offered royalty interests in gold and other precious metals mining properties across the Americas. Following the August 2021 business combination with Gold Royalty Corp., the combined entity created a leading growth and Americas-focused precious metals royalty company.

Partnership1 partner
1Gold Royalty Corp.
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2021-08-23
Description

Ely Gold completed a business combination with Gold Royalty Corp. via a statutory plan of arrangement under the British Columbia Business Corporations Act. The combination was approved by Ely Gold shareholders on August 17, 2021, with final court approval received on August 23, 2021. Following the merger, Ely Gold shares were delisted from the TSX Venture Exchange and OTCQX. The combined entity aims to create a leading growth-focused Americas precious metals royalty company.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Franco-Nevada Corporation
TypeDirect peer
Description

The world's largest precious metals royalty and streaming company with a diversified portfolio across gold, silver, and other minerals. Directly comparable to Ely Gold's royalty model and target asset class.

2Royal Gold, Inc.
TypeDirect peer
Description

Major precious metals royalty and streaming company with a portfolio of royalty, stream, and similar interests on producing and development-stage properties. Closely comparable business model and asset focus to Ely Gold.

3Wheaton Precious Metals Corp.
TypeDirect peer
Description

Premier precious metals streaming company providing upfront financing to miners in exchange for delivery of precious metals. Highly comparable streaming/royalty model with similar underlying gold asset exposure.

4Osisko Gold Royalties Ltd
TypeDirect peer
Description

Intermediate precious metals royalty company with a North-Americas-focused portfolio of royalties, streams, and offtakes. Closely aligned with Ely Gold's Americas-focused royalty strategy.

5Gold Royalty Corp.
TypeDirect peer
Description

Americas-focused precious metals royalty company that acquired Ely Gold in August 2021. Effectively the surviving/parent entity and a direct continuation of Ely Gold's royalty portfolio and strategy.

6Metalla Royalty & Streaming Ltd.
TypeDirect peer
Description

Growth-focused precious metals royalty and streaming company acquiring royalties on primarily gold and silver properties. Smaller-scale but directly comparable royalty-acquisition business model.

7Vox Royalty Corp.
TypeEmerging player
Description

Emerging precious metals royalty company building a portfolio of royalties on operating mines and development projects. Comparable early-stage royalty-acquisition model with similar focus on gold.

8Altius Minerals Corporation
TypeBroad incumbent
Description

Diversified mining royalty and streaming company with a broader portfolio of base metals, precious metals, and other mineral royalties. Comparable royalty model though broader in commodity scope.

9Maverix Metals Inc.
TypeDirect peer
Description

Precious metals royalty and streaming company with a global portfolio of royalties on producing and development-stage mines. Directly comparable gold-focused royalty acquisition strategy.

10Empress Royalty Corp.
TypeEmerging player
Description

Emerging precious metals royalty company focused on providing non-dilutive capital to mining operators in exchange for royalties. Closely mirrors Ely Gold's capital-partner model at a smaller scale.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Ely Gold Royalties

Precious Metals Royaltieselygoldinc.com

Ely Gold Royalties Inc. was a Vancouver-based precious metals royalty company that provided capital to mining operators in exchange for royalty interests on gold production across the Americas, operating from 1995 until its 2021 acquisition by Gold Royalty Corp.

What Ely Gold Royalties does

Ely Gold Royalties Inc. was a precious metals royalty company headquartered in Vancouver, Canada, focused on acquiring royalty interests in gold and other precious metals mining properties across the Americas. Founded in 1995 and operating with a small team of 1-10 employees, the company was publicly traded on the TSX Venture Exchange and OTCQX. Its core business model centered on providing capital to mining operators in exchange for royalty agreements on future production, generating revenue without operational involvement in mining activities. Royalty agreements were negotiated individually with operators and pricing was not publicly disclosed. The company's primary product was royalty interests in precious metals properties, primarily gold.

On August 17, 2021, Ely Gold shareholders overwhelmingly approved a business combination with Gold Royalty Corp. via a statutory plan of arrangement under the British Columbia Business Corporations Act, which was completed on August 23, 2021. Following the merger, Ely Gold shares were delisted from both the TSX Venture Exchange and OTCQX, and former shareholders received Gold Royalty Corp. common shares. The combination was positioned to create a leading growth-focused Americas precious metals royalty company. As a Canadian-domiciled corporation in the extractive sector, Ely Gold complied with ESTMA (Extractive Sector Transparency Measures Act) reporting, publishing annual disclosures on payments made to foreign governments, with a 2021 ESTMA Report available.

Ely Gold Royalties firmographics

Firmographics
Name
Ely Gold Royalties
Legal name
Ely Gold Royalties Inc.
Website
https://elygoldinc.com
Company type
Public
Founded year
1995
Operating status
Acquired
Headcount range
1–10 employees
Short description
Ely Gold Royalties Inc. was a Vancouver-based precious metals royalty company that provided capital to mining operators in exchange for royalty interests on gold production across the Americas, operating from 1995 until its 2021 acquisition by Gold Royalty Corp.
Ownership category
akta.pro rank

Ely Gold Royalties industry classification

Industry
Product category
Precious Metals Royalties
NAICS
Support Activities for Mining (213)
SIC
Mineral Royalty Traders (6795)
akta.pro primary industry
Precious Metals Streaming, Royalties & Offtake (IMAKAEAF)
akta.pro secondary industries
Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK), Gold Mining (IMAKAEAA)

Keywords

  • Gold royalty interests
  • Precious metals royalties
  • Mining royalty financing
  • Mineral property royalties
  • Americas gold royalties

Where Ely Gold Royalties is headquartered

Location

Headquarters

HQ city
Vancouver
HQ country
Canada
HQ region
North America

Markets served

Ely Gold Royalties business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations

Ely Gold Royalties product offering

Product offering

Core offering

Ely Gold Royalties provided financing to mining operators in exchange for royalty interests in precious metals properties, primarily gold, located across the Americas. Revenue was generated from royalty payments tied to the future production of these properties, allowing the company to participate in mining economics without operating mines itself.

Product overview

Ely Gold Royalties operated as a precious metals royalty company focused on gold royalties. The company offered royalty interests in gold and other precious metals mining properties across the Americas. Following the August 2021 business combination with Gold Royalty Corp., the combined entity created a leading growth and Americas-focused precious metals royalty company.

Differentiator

Problem solved

Functional benefit

Companies that use Ely Gold Royalties

Customer profile

Ideal customer profiles1 record

Ely Gold Royalties technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Ely Gold Royalties partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Gold Royalty Corp.flagshipStrategic or Co-development Partner · 23 August 2021Ely Gold completed a business combination with Gold Royalty Corp. via a statutory plan of arrangement under the British Columbia Business Corporations Act. The combination was approved by Ely Gold shareholders on August 17, 2021, with final court approval received on August 23, 2021. Following the merger, Ely Gold shares were delisted from the TSX Venture Exchange and OTCQX. The combined entity aims to create a leading growth-focused Americas precious metals royalty company.

Recent moves5 records

Expansion highlights3 records

Ely Gold Royalties competitors and assessment

Company assessment

Direct peers

  • Franco-Nevada Corporation: The world's largest precious metals royalty and streaming company with a diversified portfolio across gold, silver, and other minerals. Directly comparable to Ely Gold's royalty model and target asset class.
  • Royal Gold, Inc. Major precious metals royalty and streaming company with a portfolio of royalty, stream, and similar interests on producing and development-stage properties. Closely comparable business model and asset focus to Ely Gold.
  • Wheaton Precious Metals Corp. Premier precious metals streaming company providing upfront financing to miners in exchange for delivery of precious metals. Highly comparable streaming/royalty model with similar underlying gold asset exposure.
  • Osisko Gold Royalties Ltd: Intermediate precious metals royalty company with a North-Americas-focused portfolio of royalties, streams, and offtakes. Closely aligned with Ely Gold's Americas-focused royalty strategy.
  • Gold Royalty Corp. Americas-focused precious metals royalty company that acquired Ely Gold in August 2021. Effectively the surviving/parent entity and a direct continuation of Ely Gold's royalty portfolio and strategy.
  • Metalla Royalty & Streaming Ltd. Growth-focused precious metals royalty and streaming company acquiring royalties on primarily gold and silver properties. Smaller-scale but directly comparable royalty-acquisition business model.
  • Maverix Metals Inc. Precious metals royalty and streaming company with a global portfolio of royalties on producing and development-stage mines. Directly comparable gold-focused royalty acquisition strategy.

Emerging players

  • Vox Royalty Corp. Emerging precious metals royalty company building a portfolio of royalties on operating mines and development projects. Comparable early-stage royalty-acquisition model with similar focus on gold.
  • Empress Royalty Corp. Emerging precious metals royalty company focused on providing non-dilutive capital to mining operators in exchange for royalties. Closely mirrors Ely Gold's capital-partner model at a smaller scale.

Broad incumbents

  • Altius Minerals Corporation: Diversified mining royalty and streaming company with a broader portfolio of base metals, precious metals, and other mineral royalties. Comparable royalty model though broader in commodity scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Ely Gold Royalties social profiles

Digital presence

Ely Gold Royalties compliance and trust

Trust signal

Compliance1 record

Ely Gold Royalties financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Ely Gold Royalties leadership team

Management profile

Number of profiles

Profiles2 records

Ely Gold Royalties funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Ely Gold Royalties M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ely Gold Royalties

What does Ely Gold Royalties do?

Ely Gold Royalties provided financing to mining operators in exchange for royalty interests in precious metals properties, primarily gold, located across the Americas. Revenue was generated from royalty payments tied to the future production of these properties, allowing the company to participate in mining economics without operating mines itself.

Is Ely Gold Royalties a public or private company?

Ely Gold Royalties is a public company. It is classified as public and is currently acquired.

When was Ely Gold Royalties founded?

Ely Gold Royalties was founded in 1995. It employs 1 to 10 people.

Where is Ely Gold Royalties based?

Ely Gold Royalties is headquartered in Vancouver, Canada, in the North America region.

Who are Ely Gold Royalties's main competitors?

Direct peers on record are Franco-Nevada Corporation, Royal Gold, Inc., Wheaton Precious Metals Corp., Osisko Gold Royalties Ltd, Gold Royalty Corp., Metalla Royalty & Streaming Ltd. and Maverix Metals Inc.. Emerging players are Vox Royalty Corp. and Empress Royalty Corp.. Altius Minerals Corporation is listed as a broad incumbent.

Does Ely Gold Royalties have an API?

No public API is recorded for Ely Gold Royalties.

What industry is Ely Gold Royalties in?

Ely Gold Royalties's product category is Precious Metals Royalties. Its primary akta.pro industry code is IMAKAEAF, Precious Metals Streaming, Royalties & Offtake, with a secondary code of FSAHAIAK, Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming). Its NAICS code is 213 and its SIC code is 6795.

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Live signals
FarmonautEly Gold Royalties Merger: Impact on North AmericaEly Gold Royalties Inc. is set to merge in 2025, which is expected to influence over 30% of new North American gold royalty agreements. This merger represents a significant shift in the gold royalty sector, aimed at enhancing operational efficiency, resource utilization, and ESG compliance. The strategic move is likely to position the company for better risk management and community engagement within the evolving mining landscape.PR NewswireGold Royalty Announces Town Hall Meeting - August 31, 2021Gold Royalty Corp. announced it will host a Town Hall Meeting on August 31, 2021, led by CEO David Garofalo and Chief Development Officer John Griffiths, to provide shareholders and stakeholders an update on the Gold Royalty and Ely Gold business transaction. The webinar will also include an overview of Gold Royalty's recent portfolio acquisitions and a question-and-answer session with management. Gold Royalty Corp. is a gold-focused royalty company offering financing solutions to the metals and mining industry, with a diversified portfolio of net smelter return royalties on gold properties in the Americas.PR NewswireGold Royalty and Ely Gold Complete Combination to Create a Leading Growth and Americas-Focused Precious Metals Royalty CompanyGold Royalty Corp. has completed its acquisition of Ely Gold Royalties Inc., creating a combined entity focused on precious metals royalties in the Americas with over 100 assets. The transaction involved an exchange of approximately 30.9 million shares and $84 million in cash, resulting in Ely Gold becoming a wholly-owned subsidiary of Gold Royalty Corp. This consolidation positions the new company as a leading consolidator in the royalty space, expanding its portfolio of producing and development-stage assets.PR NewswireEly Gold Receives Final Court Approval of Gold Royalty Business CombinationEly Gold Royalties Inc. has received final court approval from the Supreme Court of British Columbia for its business combination with Gold Royalty Corp., satisfying a material condition for the arrangement. Under the deal terms, GRC will acquire all outstanding Ely Gold shares at an exchange ratio of 0.2450 GRC shares plus $0.0001 per share for the share alternative, or 0.099166 GRC shares plus $0.869053 for the cash alternative. The transaction is expected to close on August 23, 2021, resulting in Ely Gold's delisting from the TSX Venture Exchange and OTCQX, while GRC shares are expected to list on the NYSE American.PR NewswireEly Gold Shareholders Approve Gold Royalty Business CombinationEly Gold Royalties Inc. shareholders overwhelmingly approved a business combination with Gold Royalty Corp., authorizing the acquisition of Ely Gold's shares by GRC via a statutory plan of arrangement. The transaction involves an exchange ratio of 0.2450 GRC common shares plus a nominal cash amount for share alternative elections, and is pending final court approval in British Columbia. Completion is expected around August 23, 2021, after which Ely Gold shares will be delisted from Canadian and OTC exchanges.PR NewswireGold Royalty & Ely Gold Announce Town Hall Meeting - August 10, 2021Gold Royalty Corp. and Ely Gold Royalties Inc. jointly announced they will host a Town Hall Meeting on August 10, 2021 to provide shareholders a final update on their proposed combination transaction announced on June 21, 2021. The CEOs of both companies, David Garofalo of Gold Royalty and Trey Wasser of Ely Gold, will present on the pending merger and answer shareholder questions. The transaction remains subject to shareholder and regulatory approvals.PR NewswireGold Royalty Corp. Announces Appointment of Samuel Mah as Vice President, EvaluationsGold Royalty Corp. announced the appointment of Samuel Mah as Vice President, Evaluations, effective July 6, 2021, adding over 24 years of mining industry experience to the company's leadership team. Mah also concurrently joined GoldMining Inc. as Director, Engineering Studies, where Gold Royalty holds NSR royalties ranging from 0.5-2.0% on 17 properties. The appointment strengthens GRC's technical bench ahead of its pending merger with Ely Gold Royalties Inc., which will combine approximately 100 precious metals royalties in the Americas under a debt-free balance sheet.PR NewswireGold Royalty and Ely Gold Announce Town Hall Meeting - June 25, 2021Gold Royalty Corp. and Ely Gold Royalties Inc. announced they will jointly host a Town Hall Meeting on June 25, 2021, where their CEOs will provide shareholders an update on the business combination announced on June 21, 2021. The merger aims to create a leading precious metals royalty company by combining GRC's diversified portfolio of 18 gold property royalties across the Americas with Ely Gold's Nevada-focused royalty holdings including Jerritt Canyon, Goldstrike, and Marigold mines. The presentation will be followed by a question-and-answer session, and the transaction remains subject to shareholder and regulatory approvals.PR NewswireGold Royalty and Ely Gold to Combine to Create a Leading Growth and Americas-focused Precious Metals Royalty CompanyGold Royalty Corp. and Ely Gold Royalties Inc. have entered into a definitive agreement for GRC to acquire all outstanding shares of Ely Gold via a statutory plan of arrangement in British Columbia. The transaction offers Ely Gold shareholders a choice between cash or stock, representing a 42% premium, and is expected to close in the third quarter of 2021 pending regulatory and shareholder approvals. This combination creates a larger, Americas-focused precious metals royalty company with enhanced scale, diversification, and access to capital markets.PR NewswireEly Gold Royalties to Webcast Live at VirtualInvestorConferences.com June 30thEly Gold Royalties Inc. announced it will participate in the OTCQX US Western Metals Virtual Conference on June 30, 2020, at 12:00 PM ET, in a live interactive online event where investors can ask questions in real-time. The company is a Nevada-focused gold royalty firm with a portfolio including royalties on the Jerritt Canyon, Goldstrike, and Marigold mines in Nevada, as well as the Fenelon mine in Quebec operated by Wallbridge Mining. An archived webcast will be made available after the event for investors unable to attend live.