Altius Mnrls Stock Price, News & Analysis

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.

Altius Minerals (ALS:TSX) (ATUSF: OTCQX) has provided an update on its Project Generation business activities and public junior equities portfolio. As of September 30, 2024, the market value of equities in the portfolio was $65.3 million, up from $55.8 million on June 30, 2024. The company generated $6.5 million in net cash proceeds from portfolio sales during the quarter, bringing the total net proceeds for 2024 to $18 million.

The update highlights significant developments from portfolio companies, including Orogen Royalties Inc.'s record royalty revenue, Silvercorp Metals Inc.'s acquisition of Adventus Mining Corp., and progress on various mining projects where Altius holds royalty interests. These include the El Domo copper-gold mine, the Golden Rose project, and the Taylor Brook nickel property.

Altius Minerals (TSX: ALS; OTCQX: ATUSF) has announced that its 58% owned subsidiary, Altius Renewable Royalties (ARR), has entered into a definitive arrangement agreement with an affiliate of Northampton Capital Partners, Northampton will acquire all of ARR's outstanding common shares, except those indirectly owned by Altius, for C$12 per share, totaling approximately C$162 million.

Key points:

• Altius has agreed to vote its shares in favor of the transaction
• The deal is expected to close in Q4 2024
• Post-transaction, ARR will be delisted from TSX and cease to be a reporting issuer
• Ownership structure post-closing: Altius ~57%, Northampton ~43%
• ARR's 50% joint venture interest in Great Bay Renewables remains unaffected

Altius Minerals (ALS:TSX) (ATUSF: OTCQX) has renewed its Normal Course Issuer Bid (NCIB) to purchase up to 1,865,313 common shares, representing approximately 4.01% of its outstanding shares. The NCIB will run from August 22, 2024, to August 21, 2025, subject to regulatory approval. Altius can purchase a maximum of 16,351 shares daily through TSX facilities. Under its current NCIB ending August 21, 2024, Altius has bought 871,100 shares at an average price of $19.76. The company believes this represents an appropriate use of funds when the market price is below the anticipated cash flows and underlying asset values. Altius has maintained an active NCIB program annually since 2010.

Altius Minerals (TSX: ALS; OTCQX: ATUSF) reported Q2 2024 attributable royalty revenue of $21.8 million ($0.47 per share), up from $18.7 million in Q2 2023. Key highlights include:

- Higher base metal prices and iron ore dividends

- Growth in renewable royalty portfolio

- Adjusted EBITDA of $15.4 million ($0.33 per share)

- Net earnings of $8.3 million ($0.18 per share)

- Cash and cash equivalents of $109.4 million as of June 30, 2024

The company declared a quarterly dividend of $0.09 per share, payable on September 16, 2024. Altius continues to see positive progress in its Silicon and Kami royalties, which have potential to add significant value to its portfolio.