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Altius Minerals Corporation reports developments in a diversified royalty business tied to long-life natural resource assets. News commonly covers attributable royalty revenue by commodity exposure, including base metals, potash, lithium, iron ore dividends through Labrador Iron Ore Royalty Corp., and renewable electricity royalties connected to Altius Renewable Royalties and Great Bay Renewables.
The company also reports Project Generation activity, junior equity portfolio holdings, royalty acquisitions and sales, and updates from operating or development-stage projects underlying its royalties. Following the completed acquisition of Lithium Royalty Corp., recurring updates include lithium-focused royalties related to battery supply chain and energy transition materials.
Altius Minerals Corporation (ALS:TSX) (ATUSF:OTCQX) announces its subsidiary, Altius Renewable Royalties Corp. (ARR), has filed a preliminary base PREP prospectus for an initial public offering (IPO) of Common Shares, led by TD Securities Inc. and Scotia Capital Inc. Proceeds will fund renewable energy royalty investments and corporate purposes. The IPO is expected to close in February 2021. ARR focuses on providing royalty-based financing to renewable power developers and intends to innovate financing solutions. No sale of securities will occur until a final prospectus is issued.
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) updates its Project Generation activities and public equities portfolio, noting a market value of $52.2 million as of December 31, 2020, up from $45.5 million in Q3 2020. The company generated $6.7 million in cash from sales in 2020. Portfolio companies raised approximately $150 million in financing, enhancing Altius's mineral project advancements. New projects include copper-silver and nickel sulphide explorations in Labrador and Argentina. Altius remains focused on diversifying its portfolio and creating shareholder value through royalties and equity interests.
Altius Minerals Corporation (ALS:TSX, ATUSF:OTCQX) has announced a significant update regarding its investment in Lithium Royalty Corporation (LRC). LRC secured a US$40 million investment from Riverstone Holdings, part of a broader US$70.7 million offering. Altius has committed an additional US$7.6 million, maintaining a 10% co-participation right for future LRC investments. LRC focuses on lithium mining royalties, having acquired royalties for projects in Australia, Brazil, and Argentina, including notable projects like Mount Cattlin and Grota do Cirilo, which promise substantial lithium production.
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) is pursuing legal action against the Canadian and Alberta governments regarding regulatory changes that mandate the end of coal-fired power generation by 2030. The lawsuit claims expropriation of its Genesee royalty asset. Altius's Statement of Claim was previously dismissed by the Alberta Court, but the company intends to appeal, asserting the decision misapplies expropriation law. Altius aims to create shareholder growth through a diversified portfolio focused on sustainable commodities, including copper and battery metals.
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