Altius Mnrls Stock Price, News & Analysis

Altius Renewable Royalties Corp. (OTCQX: ATRWF) has completed a bought deal public offering of 3,900,000 common shares at C$9.00 each, generating C$35,100,000 in proceeds. The offering, led by TD Securities and Cormark Securities, includes an over-allotment option for an additional 585,000 shares. Proceeds will fund a 50% investment in Great Bay Renewables' Titan Solar project. Altius Minerals purchased 2,298,700 shares to maintain its ownership stake, now at approximately 59% of outstanding shares.

Altius Minerals Corporation (ATUSF) reported Q3 2022 revenue of $25.9 million, up from $20.4 million in Q3 2021, with attributable royalty revenue of $26.2 million. Year-to-date royalty revenue reached $80.3 million, a 33% increase from last year. Adjusted EBITDA was $23.7 million, representing a 46% year-to-date growth. Potash revenue surged to $10.3 million, while base metals revenue declined to $5.5 million. The company declared a quarterly dividend of $0.08 per share, payable December 15, 2022.

Altius Minerals Corporation (ATUSF) reports a favorable decision from the Supreme Court of Canada that impacts its lawsuit against Alberta and Canada regarding a $190 million compensation claim for the expropriation of its Genesee mine royalty asset. The court clarified that a government does not need to acquire an interest in property for a constructive taking to be valid. Altius aims to appeal its previous dismissal, believing this decision strengthens its position. The company emphasizes its commitment to renewable energy while defending its property rights.

Altius Minerals Corporation (ATUSF) anticipates reporting $26.4 million in Q3 2022 attributable royalty revenue, up from $20.8 million in Q3 2021. Year-to-date, revenue reaches $80.5 million, compared to $60.5 million in the same period of 2021. Potash revenue surged to $10.3 million, reflecting higher prices, while base and battery metals revenue declined to $5.8 million. Iron ore royalties decreased due to higher expenditures and lower dividends. A conference call to discuss full financial results is scheduled for November 10, 2022.

Altius Minerals Corporation (ATUSF) reported a decline in the market value of its public junior equities portfolio from $47.4 million on June 30, 2022, to $43.5 million by September 30, 2022. Highlights include royalty revenues of $960,000 from Orogen Royalties Inc. and favorable drill results from AbraSilver Resource Corp. at the Diablillos project in Argentina, with intercepts of 506 g/t Ag and 1.99 g/t Au. The company’s strategy continues to focus on royalty and equity investments in commodities aligned with sustainability trends.

Altius Minerals Corporation (TSX: ALS) has renewed its Normal Course Issuer Bid (NCIB) to buy up to 1,698,481 common shares, roughly 3.56% of its outstanding shares. This NCIB will run from August 22, 2022, to August 21, 2023, pending regulatory approval. Altius aims to utilize the NCIB as it believes the market price of its shares does not reflect their intrinsic value based on anticipated cash flows. The company has actively pursued share buybacks since 2010 and purchased 537,700 shares under its previous NCIB at an average price of $16.81.

Altius Minerals Corporation (ATUSF) reported a strong Q2 2022, with revenue reaching $27.4 million, up from $21.2 million in Q2 2021. Attributable royalty revenue was $28.6 million, a 31% increase year-over-year, primarily driven by higher commodity prices. Adjusted EBITDA increased 38% to $24.4 million, resulting in an impressive 85% margin. However, net earnings fell to $8.7 million from $14.5 million in the previous year. The board declared a quarterly dividend of $0.08 per share, a 14% increase, payable on September 15, 2022.

Altius Minerals Corporation (ATUSF) reported record Q2 2022 attributable royalty revenue of $28.2 million, surpassing $21.9 million from the same quarter in 2021. Key revenue sources included potash at $11.5 million and thermal coal at $4.5 million, with potash revenue for the year-to-date exceeding last year's total. However, base and battery metals revenue fell to $8.4 million due to decreased production. Altius plans to provide further details on its financial performance during a conference call on August 9, 2022.

Altius Minerals Corporation (ATUSF) reported an update on its Project Generation activities and public junior equities portfolio, with a market value of $47.4 million as of June 30, 2022, down from $67.3 million on March 31, 2021. The company invested $1.2 million more than it sold in equities during the quarter. Highlights include Orogen Royalties generating royalty revenue, Adventus Mining's progress in Ecuador, and Sterling Metals securing $5 million for exploration. The decline in portfolio value aligns with the overall junior mining sector's downturn.