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Altius Mnrls (ATUSF) provides investors with comprehensive updates on mineral exploration activities and resource development strategies through this dedicated news hub. Track official press releases, operational milestones, and strategic announcements from the company focused on geological surveying and mineral rights acquisition.
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Altius Minerals (ATUSF) has agreed to a Voting Support Agreement regarding Triple Flag Precious Metals Corp.'s proposed acquisition of Orogen Royalties Inc., where Altius holds 39,557,960 shares. The transaction, valued at approximately $421 million ($2.00 per Orogen share), includes:
- $171.5 million in cash
- $171.5 million in Triple Flag shares
- Shares in new Orogen Spinco valued at ~$78 million
The deal offers a 38% premium based on April 17, 2025 closing prices. Shareholders can elect to receive either $1.63 in cash or 0.05355 Triple Flag shares per Orogen share, plus 0.25 Orogen Spinco shares. Triple Flag will invest $10 million for an 11% stake in Orogen Spinco. The transaction requires 66 2/3% shareholder approval and is expected to close in Q3 2025.
Altius Minerals (ATUSF) reports expected Q1 2025 attributable royalty revenue of $15.0 million. The revenue breakdown includes:
- Base & battery metals: $6.8M (primarily copper)
- Potash: $3.9M
- Iron ore: $1.9M
- Renewable energy: $1.6M
- Interest and other: $0.7M
The base metals revenue increase reflects timing of Chapada copper stream deliveries, with preliminary cost of sales at $1.9M. Potash revenue declined due to mine unit sequencing at Rocanville and maintenance at Allan. Iron ore revenue came through dividends from Labrador Iron Ore Royalty Corp. Renewable energy revenue includes $0.4M in investment income.
Altius Minerals (ATUSF) has reported its Q1 2025 Project Generation update, highlighting significant portfolio growth and project developments. The company's public junior equities portfolio value increased to $71.4 million from $60.4 million in the previous quarter, with additional net cash proceeds of $527,000 from portfolio sales.
A major contributor to the portfolio's performance was the company's 19.6% stake in Orogen Royalties, which reported strong 2024 results with $7.9 million revenue from the Ermitaño royalty. Notably, AngloGold Ashanti announced an updated Inferred Resource of 12.1 million ounces gold at the Merlin deposit, representing a 34% increase.
The company has advanced to the detailed proposal phase in the Julienne Lake iron ore project in Newfoundland and Labrador. The deposit hosts a measured and indicated resource of 867 million tonnes at 33.7% iron, plus an inferred resource of 299 million tonnes at 34.1% iron. Altius holds adjacent claims and is conducting metallurgical testing for direct reduction grade iron concentrate.
Altius Minerals (OTCQX: ATUSF) reported full year 2024 attributable royalty revenue of $64.0 million ($1.37 per share), down from $69.4 million in 2023. The company's Q4 2024 attributable royalty revenue was $13.5 million ($0.29 per share) compared to $14.7 million in Q4 2023.
Key developments include: completion of ARR's arrangement with Northampton resulting in an $87.1 million gain, Champion Iron's Kami project advancing environmental review, Silvercorp's acquisition of Adventus Mining's Curipamba project, and AngloGold Ashanti's updated Silicon Project resource of 12.91 Moz.
Financial highlights:
- Adjusted EBITDA: $44.1 million ($0.95/share) in 2024 vs $53.7 million in 2023
- Net earnings: $101.8 million ($2.16/share) in 2024 vs $10.1 million in 2023
- Cash position: $15.9 million as of December 31, 2024
The company declared a quarterly dividend of $0.09 per share, payable on April 02, 2025.
Altius Minerals reports expected Q4 2024 attributable royalty revenue of $13.6 million and annual revenue of $65.7 million. The company's portfolio performance includes:
- Base and battery metals revenue: $19.4 million for the year, with higher prices offsetting lower volumes
- Potash revenue: $18.4 million, affected by lower prices but offset by higher production
- Iron ore royalty revenue: $11.2 million from Labrador Iron Ore Royalty Corp dividends
- Renewable energy royalty revenue: $6.9 million, reflecting operational portfolio projects growth
Notable events include a $981,000 positive adjustment in potash from a new Nutrien mine area and ARR's arrangement with Northampton Capital Partners for $12.00 per share acquisition, excluding Altius's 57% ownership.
Altius Minerals (TSX: ALS, OTCQX: ATUSF) has received a partial arbitration award regarding its royalty interests in the Silicon gold district in Nevada. The arbitration between Altius Royalty and AngloGold Ashanti North America (AGA) has determined that Altius's royalty rights include the entire 26.6 km² base area of interest (Base AOI) and certain contiguous/adjacent mineral lands held by AGA.
The Tribunal has given the parties 60 days to jointly submit a detailed list of claim units subject to the royalty. Based on preliminary interpretations, Altius believes the known extents of the Silicon and Merlin deposits, including the southern Merlin extension beyond the Base AOI, fall under its royalty. However, lands acquired from third parties like Coeur Sterling and Corvus Gold before the 2015 Royalty Agreement are excluded.
The award potentially allows for significant expansion of Altius's royalty rights around the Base AOI, including several kilometers along northwest and northeast trend extensions.
Altius Minerals has reported significant growth in its Project Generation business and junior equities portfolio, which reached $60.4 million in value by December 31, 2024, up from $45.1 million in 2023. The company monetized certain liquid equities early in 2024, generating $26.4 million in gross proceeds, with $11.3 million invested in Orogen shares.
Key highlights include Altius's 19.6% stake in Orogen Royalties, which generated over $5 million in royalty revenue from its Ermitano gold mine. Notable developments include progress at AngloGold Ashanti's Expanded Silicon project and Silvercorp's acquisition of Adventus Mining, with production at El Domo copper-gold project targeted for late 2026. The company maintains various equity positions and royalty interests across multiple exploration projects, including Golden Baie, Golden Rose, and Taylor Brook.
Altius Minerals (TSX: ALS; OTCQX: ATUSF) announces that Champion Iron Ore has secured a binding agreement with Nippon Steel and Sojitz for a 49% stake in the Kamistiatusset Project (Kami). The partnership involves significant upfront payments and project development cost sharing, granting the new partners access to their proportionate shares of Kami's expected 9Mt/year high-purity iron ore concentrate production. Altius, which originated the Kami project through its Project Generation business, holds a 3% gross revenue royalty over the project.
Altius Minerals reports Q3 2024 attributable royalty revenue of $16.6M ($0.36 per share), down from $21.8M in Q2 2024 and $17.8M in Q3 2023. Revenue decline reflects lower potash prices, seasonal mine maintenance, reduced LIORC dividends due to forest fire disruptions, and Genesee Mine closure. This was partially offset by higher base metal prices and renewable portfolio growth. The company reported adjusted EBITDA of $10.5M and net earnings of $3.2M. Cash position stands at $109.6M, with $84.0M held by ARR. The board declared a quarterly dividend of $0.09 per share.
Altius Minerals (ALS: TSX) (ATUSF: OTCQX) expects to report Q3 2024 attributable royalty revenue of $16.6 million. Key highlights include:
- Base and battery metals revenue of $5.4 million, reflecting higher copper prices and stream deliveries
- Potash revenue of $3.6 million, with lower production due to maintenance
- Iron ore royalty revenue of $2.6 million from Labrador Iron Ore Royalty Corp.
- Renewable energy royalty revenue of $3.4 million, showing growth in operational projects
Altius Renewable Royalties Corp. (ARR) has entered an agreement with Northampton Capital Partners for acquisition at $12 per share. Altius owns 58% of ARR and will retain 17,937,339 shares post-transaction. The company will release detailed Q3 2024 financial results on November 07, 2024, followed by a conference call on November 08, 2024.
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