Elysee Declares a Dividend of Two Cents ($0.02) per Share and Provides Corporate Update
TMX Newsfile·2026-03-03 12:00

Core Viewpoint - Elysee Development Corp. has declared a cash dividend of $0.02 per common share, reflecting strong financial performance and increased activity in the mining sector [1][2]. Financial Performance - Fiscal 2025 was highlighted as an outstanding year for Elysee, driven by rising precious metal and commodity prices, leading to higher stock prices and increased M&A activity [2]. - The company realized significant gains from takeover offers of investee companies, including Calibre Mining Corp, Solgold Plc, MAG Silver Corp., and Probe Gold Inc. [3]. - Elysee redeemed $1.7 million of its convertible debentures in December 2025, leaving only $265,000 outstanding, with a current cash position of approximately $6.7 million, equating to $0.24 per share [3]. Upcoming Financial Reporting - The company expects to finalize and file its Audited Annual Financial Statements for the year ended December 31, 2025, in April 2026 [4]. Investment Activity - Hudbay Minerals Inc. announced its intention to acquire 100% of Arizona Sonoran Copper Company Inc. at a 30% premium, which is a significant equity position in Elysee's investment portfolio [2].

Elysee Declares a Dividend of Two Cents ($0.02) per Share and Provides Corporate Update - Reportify