Altius Mnrls Stock Price, News & Analysis

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.

Altius Minerals (TSX: ALS) (OTCQX: ATUSF) expects to report Q2 2024 attributable royalty revenue of $21.8 million, up from $17.4 million in Q1 2024 and $18.7 million in Q2 2023. Key highlights include:

- Base and battery metals revenue: $5.5 million, driven by higher copper prices and stream deliveries
- Potash revenue: $4.8 million, slightly lower due to decreased production volumes and prices
- Iron ore revenue: $4.1 million, increased from higher IOC dividend
- Renewable energy royalty: $2.1 million, reflecting operational portfolio growth
- Interest and other revenues: $5.3 million, including $3.7 million from loan settlement

The company will release full Q2 2024 financial results on August 8, 2024, followed by a conference call on August 9, 2024.

Altius Minerals (ATUSF) has provided an update on its Project Generation business activities and public junior equities portfolio for Q2 2024. The market value of equities in the portfolio increased to $55.8 million from $45.4 million in Q1 2024. The company generated $7.6 million in cash proceeds from portfolio sales and invested $2.9 million through warrant exercises, leading to net proceeds of $11.4 million in 2024. Key portfolio updates include:

1. Orogen Royalties Inc. reported positive cashflows and advancements at the Expanded Silicon gold project.
2. Adventus Mining Corp. announced a definitive arrangement agreement with Silvercorp Metals Inc. Altius received C$9.6 million from Adventus.
3. Canterra Minerals Corp. advanced its base metal and gold projects in Newfoundland.
4. Sterling Metals Inc. exercised its option to acquire 100% of the Adeline Copper-Silver Project.
5. Gungnir Resources Inc. provided an update on its exploration activities in Sweden.
6. Strikepoint Gold Inc. reported positive drilling results from the Cuprite gold project.

Altius Minerals announced on June 24, 2024, that it sold 10,000,000 common shares of Churchill Resources at $0.05 per share, generating $500,000 in gross proceeds. This transaction reduced Altius’s stake in Churchill from 12.6% to 5.5%, thereby lowering its holdings by approximately 7.1% and causing Altius to fall below the 10% reporting threshold under applicable securities laws. Altius disposed of these shares in the ordinary course of business and may adjust its holdings based on market conditions. An early warning report has been filed on SEDAR+.

Altius Minerals (TSX: ALS; OTCQX: ATUSF) announced the successful approval of all resolutions at its Annual General Meeting held on May 17, 2024. Key approvals included the election of directors and the appointment of Deloitte LLP as auditors for the ensuing year. Shareholder participation was strong at 69.6%. Directors elected with over 93% votes in favor included Nicole Adshead-Bell, Teresa Conway, John Baker, Brian Dalton, Anna El Erian, André Gaumond, Roger Lace, Fred Mifflin, and Jamie Strauss. The 'Say on Pay' resolution was also passed with 98.96% approval.

Altius Minerals reported Q1 2024 revenue of $13.9 million, with attributable royalty revenue of $17.4 million. The decline in revenue is attributed to the closure of the Genesee Mine and moderation of potash prices. Renewable energy revenue grew 148% year over year. The most significant highlights were the Kami and Silicon royalties. Annual dividend increased to $0.36 per share. Adventus Mining announced an all-share transaction with Silvercorp Metals Inc. Altius received cash for its NSR royalty on the El Domo Curipamba project. AGA advanced its Silicon Project, with a significant gold discovery. Champion Iron announced positive results for the Kami project. Lundin Mining delineated the Saúva copper-gold deposit. ARR continues to accelerate revenue. Adjusted EBITDA for Q1 2024 was $12.4 million. Cash and cash equivalents were $101.5 million at the end of March 2024.