Welcome to our dedicated page for Altius Mnrls news (Ticker: ATUSF), a resource for investors and traders seeking the latest updates and insights on Altius Mnrls stock.
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.
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Altius Minerals Corporation (ATUSF: OTCQX) reported an expected Q1 2023 attributable royalty revenue of $21.4 million, reflecting a decline compared to $23.1 million in Q4 2022 and $25.5 million in Q1 2022. Major contributors include potash revenue decreasing from $9.9 million to $9.0 million due to lower prices, and base metals revenue steady at $4.9 million amid mine closures. Iron ore revenue saw an increase to $1.9 million from $1.4 million, while thermal coal fell slightly to $3.0 million. Notably, renewable energy revenue surged to $1.3 million from $772,000 year-over-year. A detailed report will be released on May 8, 2023, with a conference call scheduled for May 9, 2023.
Altius Minerals Corporation (ATUSF) has reported a market value of $51.8 million in its public junior equities portfolio as of March 31, 2023, up from $50.3 million at year-end 2022. The company received $2.8 million in cash proceeds following a liquidation distribution from Alderon Iron Ore Corp. Altius estimates 270,000 metres of exploration and resource delineation drilling in 2023 across multiple projects. Key portfolio updates include Orogen Royalties’ positive cash flow report, AbraSilver's expansion of its drilling program by 22,000 metres, and promising results from Surge Copper Corp. and Sokoman Minerals. Altius continues to strengthen its portfolio with new projects and strategic alliances, while maintaining a focus on sustainability-related growth trends.