Neutral
Benzinga
• Prnewswire
Goldsky Resources Closes Acquisition of Elemental Royalty's Nordic Business Unit
Goldsky Resources has completed its acquisition of Elemental Royalty Corporation's Nordic business unit, gaining regional infrastructure in northern Sweden, exploration equipment, and a technical team. The deal involves staged payments totaling approximately 3.25 million SEK (~US$360,000) over two years, with payments split between cash and company shares. Elemental retains a 1% net smelter return royalty on new projects in Sweden and Finland within five years.
ELE
acquisition
Nordic business unit
gold exploration
Sweden
Finland
mineral resources
Barsele gold project
Sentiment note
The company divested its Nordic business unit but retained a 1% net smelter return royalty on new projects in the region for five years, providing ongoing revenue potential without operational responsibilities.