- Business
- Elysee Development Corp. (TSXV:ELC) operates as a diversified investment and venture capital firm focused on publicly traded companies in the natural resource sector; its actively managed portfolio comprises common shares and other securities of junior exploration and mining companies primarily active in gold, silver, other precious metals, base metals and energy; significant holdings include U.S. Vanadium LLC (private), Arizona Sonoran Copper Company Inc., Equinox Gold Corp., Wesdome Gold Mines Ltd., Agnico Eagle Mines Ltd. and Probe Gold Inc., alongside convertible debentures of growth companies that provide income and capital appreciation potential; the firm also invests in select technology companies. Founded in 1995 and headquartered in Vancouver, British Columbia, Canada, Elysee targets small- to medium-sized public and private issuers across North America and international markets. Recent developments include the June 2024 closing of a $2-million non-brokered private placement of 8% unsecured convertible debentures maturing June 2028, which the board approved for amendment in November 2025 to permit voluntary early repayment; a Normal Course Issuer Bid launched in May 2025 to repurchase up to 4.99% of outstanding shares; declaration of a special dividend of C$0.01 per share payable November 2025; and strong portfolio performance with net asset value per share rising approximately 70% year-to-date to C$0.72 as of September 30, 2025, bolstered by M&A activity among investees such as MAG Silver's acquisition by Pan American Silver and a takeover offer for Probe Gold by Fresnillo PLC.