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 (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.
Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) will host an in-person and webcast Investor Day on May 25, 2022, from 1:00 PM to 4:00 PM ET. Interested shareholders and analysts should contact Flora Wood via flora@altiusminerals.com for attendance. The event will feature a live conference call, multiple Q&A sessions, and a webcast available on www.altiusminerals.com.
Altius focuses on creating growth through a diversified portfolio of royalty assets aligned with sustainability trends.
Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) announced the successful approval of all resolutions at its Annual General Meeting on May 13, 2022. This included the election of directors, all receiving over 97% approval. Notable votes included the appointment of Deloitte LLP as auditors with an approval of 97.83%. Shareholder participation was commendable at over 65%. Altius emphasizes sustainable growth through a diverse portfolio of royalty assets, particularly in commodities aligned with global sustainability trends, including copper and battery metals.
Altius Minerals Corporation (ATUSF) reports a record Q1 2022 revenue of $27.1 million, up from $17.5 million in Q1 2021. Attributable royalty revenue increased 44% to $25.5 million, driven by higher commodity prices. Adjusted EBITDA rose 62% to $23.6 million, with an 83% margin. Net earnings reached $12.5 million or $0.29 per share, a slight increase from the previous year's $11.8 million. The company declared a $0.07 dividend per share, payable on June 30, 2022. Cash and equivalents stood at $121.3 million.
Altius Minerals Corporation (ATUSF: OTCQX) reported a record Q1 2022 attributable royalty revenue of $25.4 million, up from $17.8 million in Q1 2021. The revenue increase was driven by higher prices in several sectors including base metals, potash, and thermal coal. Base and battery metals generated $10.0 million, while potash revenue rose to $9.9 million. However, iron ore royalties decreased to $1.4 million, compared to $2.9 million in Q1 2021. Full financial results will be released on May 10, 2022.
On April 14, 2022, Altius Minerals Corporation announced that Fairfax Financial Holdings exercised 6,670,000 common share purchase warrants at $15 each, generating gross proceeds of $100 million. Fairfax opted to pay the exercise price by surrendering $100 million in preferred securities for cancellation. Following this transaction, Fairfax will own 6,670,000 common shares, representing 13.94% of Altius's issued shares. This move eliminates outstanding warrants and preferred securities while establishing Fairfax as a major shareholder, supporting the long-term growth strategy of Altius.
Altius Minerals Corporation (ATUSF) reported a significant increase in the market value of its equities portfolio, rising to $67.3 million as of March 31, 2022, up from $55.5 million on December 31, 2021. This growth is attributed to payments received from three public issuers for projects sold by Altius. Notably, Altius has increased its stake in Orogen Royalties Inc. to 16.45%, while also making additional investments in several mining ventures, including Adventus Mining Corp. and Gungnir Resources Inc.
Altius Minerals Corporation (ATUSF) reported a record revenue of $81.7 million for 2021, up from $60 million in 2020. Fourth-quarter revenue was $22.6 million, compared to $21.5 million in Q4 2020. Attributable royalty revenue increased by 24% to $83.9 million or $2.03 per share. Adjusted EBITDA rose 27% to $67 million with an EBITDA margin of 80%. Net earnings were $38.3 million or $0.97 per share, compared to a net loss of $26.2 million in 2020. The company declared a quarterly dividend of $0.07 per share.
Altius Minerals Corporation (ATUSF) has reported significant mineral exploration discoveries related to its Chapada 3.7% copper stream interest and Silicon 1.5% NSR royalty. Lundin Mining's recent drill results from its Chapada operation in Brazil revealed high-grade copper and gold discoveries at the Saúva site, with grades exceeding current ore being processed. Meanwhile, AngloGold Ashanti announced a maiden inferred resource of 3.37 million ounces of gold at the Silicon Project in Nevada. These developments may influence production and expansion strategies for Altius.
Altius Minerals Corporation (ATUSF) announced the completion of a transaction with Labrador Uranium Inc. (LUR) on February 22, 2022. Altius Resources Inc., a subsidiary, transferred its interests in the Central Mineral Belt Uranium-Copper Project and the Notakwanon Uranium Project to LUR. In return, Altius received 8,000,000 common shares of LUR and a 2% gross overriding royalty on the projects. This acquisition gives Altius approximately 16.8% of LUR's total shares. The shares are under a hold period expiring in four months and one day.