Altius Reports Q2 2023 Expected Attributable Royalty Revenue(1) of $18.7 million

Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expects to report Q2 2023 attributable royalty revenue of approximately $18.7 million.

Royalty Revenue Summary

Summary of attributable royalty revenue (in thousands of Canadian dollars)	Q2 2023		Q1 2023		Q2 2022
Potash	$	6,080	$	9,032	$	11,450
Base & battery metals		4,834		4,869		8,315
Iron ore (1)		2,431		1,870		2,871
Thermal (electrical) coal		2,626		3,002		4,520
Renewable energy		1,323		1,345		763
Other		1,384		1,275		703
Attributable royalty revenue	$	18,678	$	21,393	$	28,622
See non-GAAP financial measures section of our MD&A for definition and reconciliation of attributable royalty revenue
(1) Labrador Iron Ore Royalty Corporation dividends received

Potash portfolio revenue during the quarter was $6.1 million mainly reflecting lower average realized prices relative to the prior quarter and the prior year comparable quarterly period.