Altius Minerals - Die Rohstoffperle (Seite 2)

[KMST]

https://www.businesswire.com/news/home/20230419005650/en/Alt…

Marketcap CAD$ 1 Mrd

Cash und Equivalent CAD$ 76.8 million
$165.3 million for shares of ARR
$119.7 million for shares of Labrador Iron Ore Royalty Corp.
$77 million for shares of LRC
$51.8 million for publicly traded shares held within the Project Generation equity portfolio

= $489,8 million in cash und shares

At quarter end the Corporation carried a balance of $38.0 million under its fixed rate term debt facility and $81.8 million under its floating rate revolving credit facilities.

= $120 million schulden

[KMST]

Altius Reports Q1 2023 Expected Attributable Royalty Revenue(1) of $21.4 million

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)-- Altius Minerals Corporation (ALS:CA) (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expects to report Q1 2023 attributable royalty revenue of $21.4 million, detailed as follows:

Potash portfolio revenue during the quarter was $9.0 million, which compares to $9.9 million in the first quarter of 2022, reflecting lower average realized prices and similar attributable portfolio production volumes.

Base and battery metal (primarily copper) revenue of $4.9 million was similar to the prior quarter but lower than the year ago comparable quarter based mainly upon the scheduled closure of the 777 mine in Q2 of 2022 and lower revenue from Chapada, which was enhanced by the timing of sales in the comparable prior year quarterly period.

Iron ore revenue in the form of dividends from Labrador Iron Ore Royalty Corp., which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of Canada (IOC), was $1.9 million, as compared with Q1 2022 iron ore revenue of $1.4 million. The increase related to a higher share ownership level while both the current and comparable period quarters were impacted by increased levels of sustaining and growth capital investments that limited IOC equity dividends.

Thermal (electrical) coal revenue of $3.0 million during the current quarter compared to $3.1 million during the first quarter of last year on lower attributable production volumes at the Genesee Mine that were offset by a higher inflation-linked royalty rate.

Renewable energy proportionate royalty revenue of $1.3 million compares to $772,000 recorded in the same period last year. This relates to consolidation of the Corporation's 58% interest in Altius Renewable Royalties Corp., which continues to experience royalty revenue ramp up as additional projects subject to royalty enter production and as recent operating stage royalty acquisitions are incorporated into its portfolio.

[KMST]

Altius Provides 1st Quarter 2023 Project Generation Update

April 11, 2023

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is pleased to update its Project Generation (“PG”) business activities and its public junior equities portfolio.

The market value of equities in the portfolio at March 31, 2023 was $51.8 million, compared to $50.3 million at December 31, 2022. Net investments for the quarter totaled $1.0 million, while cash proceeds of $2.8 million were received subsequent to quarter-end in relation to a distribution made to shareholders of Alderon Iron Ore Corp. as part of a receivership based liquidation of assets.

An updated list of the public equity holdings has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities.

Portfolio Updates

Altius estimates approximately 270,000 metres of exploration and resource delineation drilling will take place during 2023 across various projects in which Altius has royalty and/or equity exposure. Recently reported updates from portfolio companies included the following:

Orogen Royalties Inc. (OGN:TSV-V) (“Orogen”) During the quarter Orogen provided a comprehensive review and highlights of its project generation business performance in 2022 in Mexico, United States, and Canada and subsequent to quarter end it released its 2022 fiscal year end results highlighting positive cash flow generation from its royalty and prospect generation activities – NEWS.

Altius and Orogen entered into an exploration alliance in Nevada in 2022, which has resulted in several new gold projects being generated in the Walker Lane district. These were selected on the basis of similar geologic attributes to those of the recent Silicon discovery, over which Altius and Orogen hold separate net smelter return (“NSR”) royalties of 1.5% and 1.0%, respectively. Altius also owns 16.5% of the common shares of Orogen as well as additional share purchase warrants.

Silver Range Resources Ltd. (SNG:TSX-V) (“Silver Range”) and Altius recently signed an exploration alliance agreement that will allow Altius to acquire a 1% NSR royalty interest on three Silver Range projects staked within a specified area of interest in the southwest United States. In conjunction with the agreement Altius subscribed for 3,333,333 shares of Silver Range at a cost of $500,000 – NEWS.

AbraSilver Resource Corp. (ABRA:TSX-V) (“Abra”) continues to release favourable drill results from its flagship Diabillos precious metals project in Argentina including expansion of its phase III drill program by 22,000 metres. Altius is an equity shareholder in Abra, and holds an option on a 1.1% NSR royalty on the La Coipita porphyry project in San Juan, Argentina, where drilling is currently underway.

Lara Exploration Ltd. (LRA:TSX-V) recently announced a 2-year exploration program for its Planalto copper project in Brazil, including up to 32,000 metres of exploration and infill drilling on the Property.

Gungnir Resources Inc. (GUG: TSX-V) (“Gungnir") announced encouraging drilling results from its Lappvattnet nickel project in northern Sweden with follow-up plans to test deeper targets in the coming months. In addition to an equity shareholding in Gungnir, Altius retains various gross sales royalty (“GSR”) purchase options on Lappvattnet and other Gungnir projects in Sweden.

Callinex Mines Inc. (CNX:TSX) recently reported its 2023 exploration plans at the Pine Bay Project which includes further drill testing of the high-grade Rainbow zone, the newly discovered Alchemist zone, and the historic Pine Bay deposits. Altius retains a buyback right to a 0.5% NSR royalty over the project area as well as an equity shareholding that was acquired through a private placement in 2022.

Surge Copper Corp. (SURG:TSX-V) continued to advance its Ootsa Cu-Au porphyry project in British Columbia throughout 2022 including recently reported drilling results that intersected prospective mineralized intervals from Seel Breccia East and Bergette targets – NEWS. Altius owns an equity shareholding in Surge.

Archer Exploration (RCHR:TSX-V) announced completion of its acquisition of the Grasset nickel project in Quebec and outlined its 2023 exploration plans. Archer also closed a concurrent $10.2 million private placement financing on November 18, 2022 through which Altius acquired an equity shareholding .

High Tide Resources (HRTC:TSX-V) High Tide Resources announced a maiden mineral resource estimate for the Labrador West Iron Project that it acquired from Altius in exchange for a 2.75% GSR and an equity shareholding.

Sterling Metals (SAG:TSX-V), focused in Newfoundland at the Sailpond Project, recently announced an option agreement to acquire 100% of the Adeline copper-silver project in Labrador from a third party – NEWS. Sterling has arranged a $5 million private placement financing to fund advancement of both projects. Altius holds 2% NSR royalties on both projects in addition to an equity shareholding in Sterling.

Churchill Resources (CRI:TSX-V) has announced 2023 drill plans at the Taylor Brook and Florence Lake nickel-copper projects where Altius holds 1.6% GSR royalties on each project as well as a substantial equity stake.

Labrador Uranium Inc. (LUR:TSX-V) in February 2023 announced that it continues to refine its target generation in the Central Mineral Belt where Altius holds a 2% GOR royalty and a substantial equity stake, including the recent completion of a $12.6 million financing..

TRU Precious Metals Corp. (TRU:TSX-V) (“TRU”) announced upcoming exploration plans for the Golden Rose Project where Altius holds a 2% NSR royalty as well as a substantial shareholding.

Sokoman Minerals Corp. (TSXV:SIC) (“Sokoman”) reported significant gold mineralization intersected on its Moosehead Project in the main Eastern Trend where drillhole MH-22-505 cut 21.35 m averaging 9.75 g/t Au, including 7.75 m averaging 21.82 g/t Au from 199.05 m downhole. Altius holds a 2% NSR royalty covering the Moosehead Gold project.

[KMST]

[muenchenguru]

Danke KMST, ist gut dass hier eine in den Threads die Stellung halten. Mein Steckenpferd ist Globex, aber da muss noch etwas Geduld an den Tag gelegt werden. Altius geht seinen Weg , hat Cash Flow, Diversifikation und Potenzial, sieht man nicht alle Tage. Bin allerdings immer noch nicht investiert. Wäre für mich dann eine Park-Aktie für etwas ruhigere Tage 🙂

[KMST]

Altius Reports 2022 Attributable Royalty Revenue of $103.5M and Adjusted Earnings (1,2) of $33.9M

Altius Minerals Corp. (TSX: ALS; OTCQX: ATUSF) ("Altius" or the "Corporation") reports full year revenue of $102.0 million compared to $81.7 million for 2021, and $21.7 million for the fourth quarter compared to $22.6 million for the same period in 2021.

Full year 2022 attributable royalty revenue(1,2), adjusted for joint venture revenue, of $103.5 million ($2.27 per share(1,2)) was 23% higher than the $83.9 million ($2.03 per share) reported for 2021. Fourth quarter 2022 attributable royalty revenue(1,2) of $23.1 million ($0.49 per share) compares to $23.5 million ($0.57 per share) during Q4 2021. Attributable royalty revenue for 2022 represents an annual record for the Corporation, mainly based upon higher realized commodity prices and the ongoing ramp-up of renewable royalty-based revenue.

Commenting on the record year and outlook, Brian Dalton, CEO said:

"2022 was the 25th anniversary year for Altius as a public company and the first year that royalty revenues reached the $100 million milestone. Of far more importance, however, practically all of our long-term exposures are gaining growth signals in the form of one or more of new build intentions, production rate expansions, or resource increase-based life extensions. These developments underpin our confidence that the value of our portfolio will continue along its trajectory of long-term organic growth realization - growth that largely does not require us to make any further investment. We are also particularly gratified to note the continuing acceleration of portfolio growth and long-term revenue build up that is occurring within Altius Renewable Royalties, which is coinciding closely with the elimination of coal from our business."

Adjusted EBITDA(1,2) of $89.7 million or $1.97 per share(1,2) during 2022 increased by 34% as compared to $67.0 million or $1.62 per share during the prior year. Adjusted EBITDA for the fourth quarter was $18.0 million or $0.38 per share, which compares to adjusted EBITDA of $17.7 million or $0.43 per share in Q4 2021. The adjusted EBITDA margin in 2022 was 82% versus 80% last year. The increase in adjusted EBITDA for the year ended December 31, 2022 is consistent with the increase in attributable revenue but was partially offset by an increase in consolidated expenses within the Renewable Royalties segment primarily due to public company related costs and team expansion. The Mineral Royalties segment had an EBITDA margin of 87% for both the current and prior year.

On a full year basis, adjusted operating cash flow(1,2) of $75.9 million or $1.65 per share(1,2) compares to $49.4 million or $1.19 per share last year. Adjusted operating cash flow for the quarter was $19.2 million or $0.40 per share, which compares to adjusted operating cash flow of $15.9 million or $0.38 per share in Q4 2021. Adjusted operating cash flow for the quarter and year ended December 31, 2022 is consistent with the increase in royalty revenues.

Net earnings for the quarter and year ended December 31, 2022 were positively impacted by strong royalty revenue and were partially offset by negative non-cash based fair value adjustments on derivatives and foreign exchange. Net earnings of $39.5 million or $0.82 per share for 2022 compares to net earnings of $38.3 million or $0.97 per share in 2021. Adjusted net earnings per share(1,2) of $0.74 in 2022 compares to adjusted net earnings per share of $0.77 per share in 2021. Net earnings during the fourth quarter were $6.8 million or $0.14 per share, and $0.10 per share on an adjusted basis. This compares to net earnings of $2.1 million or $0.07 per share, and on an adjusted basis $0.19 per share in Q4 2021. Adjusting items for the current quarter include unrealized gains on derivatives related to the revaluation of share purchase warrants on junior mining equities compared to unrealized losses last year, as well as higher gains related to the receipt of common shares in exchange for the transfer of several mineral properties year over year.


Base and battery metals (primarily copper) revenue of $4.7 million and $28.5 million for the quarter and year decreased compared to prior year amounts primarily due to the scheduled closure of Hudbay Minerals Inc.'s 777 mine with royalties from other operations performing largely in line. Average realized copper prices during both years were very similar.

Copper delivered under the Chapada stream agreement was consistent year over year. Operator guidance for 2023 is targeting copper production of 43,000 - 48,000 tonnes, which compares to 46,000 tonnes produced in 2022.

Early in 2022 Lundin Mining announced the discovery of the Saúva deposit at Chapada and in February of 2023 it announced a maiden mineral resource estimate that has indicated grades that are significantly higher than those being currently mined. An aggressive expansion and delineation focussed drilling program continues. Lundin has also indicated that Saúva is now being considered as part of its ongoing production expansion studies at Chapada.

Lithium Royalty Corporation ("LRC"), of which Altius is a co-founding 11.4% shareholder, continued to build out its portfolio during 2022 with the total number of project royalties acquired since inception in 2018 amounting to 29 royalties on 27 properties - with two currently producing and four under construction. LRC filed a preliminary base PREP prospectus on February 21, 2023 describing a proposed initial public offering of common shares as it continues to advance several new royalty investment opportunities. Altius also holds co-participation based, limited partnership minority interests in each of LRC's Tres Quebradas, Grota do Cirilo and Mariana royalties. These are expected to add first ever royalty revenues from lithium production to the Base and Battery Metal component of Altius's broader royalty portfolio during the current year.

At Voisey's Bay, underground mining has begun with initial production achieved from the Reid Brook mine, while development of the Eastern Deeps mine continues. Exploration efforts also continued to indicate the potential for mine life extensions, particularly beneath the currently defined resource areas at Reid Brook where long core length and high-grade nickel and copper drilling intercepts are being encountered that highlight the potential for future resource and mine life growth.

Adventus Mining Corporation continues to progress the Curipamba-El Domo copper-gold project in Ecuador with its recent announcement of an investment protection agreement with the Government of Ecuador. This follows its entering into a comprehensive project finance package for the project earlier in 2022. It is currently completing a social consultation process with regional stakeholders and completing other studies in expectation of making a construction decision in the second half of the year.

Potash royalty revenue of $9.8 million in Q4 2022 and $41.4 million for the year is up 42% and 115% from the comparable periods last year. Potash prices increased significantly during the first half of the year as the market reacted to supply concerns relating to the Russia - Ukrainian war but have since retreated to below pre-war levels - despite the market currently being undersupplied relative to unconstrained soil replenishment requirements. Tonnes of potash production attributable to royalties were similar to prior year levels.

The K3 production unit at Mosaic's Esterhazy mine was fully commissioned during the year with production from this unit now replacing production from the K1 and K2 production units. Both Mosaic and Nutrien announced the start of capital investment programs during the year that are designed to complete the ramp-up of low cost production capacity at most of our royalty mines over the next one to four years. These investments have been initiated in response to both current global supply constraints and medium to long-term trend-line based demand growth expectations.

Iron ore royalty revenue of $2.6 million was recognized in Q4 2022 ($3.3 million Q4 2021), while full year revenue was $10.7 million ($17.2 million in 2021). The decrease was primarily the result of lower realized product prices and lower equity dividends from IOC - as a greater percentage of IOC's free cash flow was directed towards strategic growth and sustaining capital investments. Prices have since rebounded strongly on expectations of demand recovery related to the easing of Covid restrictions in China and broader global infrastructure building and refurbishment initiatives. The Corporation's current iron ore revenue stems from the pass-through of royalties and equity dividends paid by the Rio Tinto controlled IOC to Labrador Iron Ore Royalty Corp. ("LIORC"), of which the Corporation is a significant shareholder.

Champion Iron Ore is expected to announce the results of an updated feasibility study for the Kami project later in 2023. The study is targeting production of high-purity, DR quality feed that can serve the rapidly expanding transition to electric arc furnace-based steel making. Electric arc furnaces require no coal inputs and also cannot utilize the vast majority of the world's current iron ore type production base. Altius holds a 3% gross sales royalty related to the Kami Project.

Thermal coal royalty revenue was $3.8 million in Q4 2022 ($1.4 million Q4 2021), while full year revenue of $15.2 million was higher than the 2021 revenue of $9.1 million. The increase reflected higher inflation indexed royalty rates, and higher plant utilization at the Genesee power plant, which was negatively impacted by unplanned maintenance shutdowns in the prior year. The operator of the Genesee power plant continues with natural gas-based conversion investments that are expected to commission over the next year and bring an end to coal usage and the associated royalty payments by the end of 2023.

Altius Renewable Royalties ("ARR") (ARR: TSX) released its Q4 2022 and year end results on March 1, 2023 ARR 2022 Financial Results. The Corporation holds 58% of the common shares of ARR and participated in its late-year common share equity raise.

ARR reported 2022 proportionate royalty revenue of US$4.4 million, as compared to US$0.4 million in the prior year, relating to its 50% joint venture interest in Great Bay Renewables ("GBR"). ARR also announced that GBR's 2023 revenue is expected to continue to ramp up strongly based upon recently issued guidance of US$11.5 - US$13.5 million despite lower, currently projected power price assumptions.

ARR's annual results and business development activities can be reviewed in greater detail in its published MD&A and financial statements.

Silicon Project Gold Royalty AngloGold Ashanti Ltd. ("AGA") continues to advance significant new gold discoveries at the Silicon Project located near Beatty, Nevada. It reported an increased and higher-confidence mineral resource estimate for the Silicon deposit of 4.22 million ounces ("Moz") of gold (3.4 Moz as indicated and 0.8 Moz as inferred) and further cumulative mineral resource estimates totaling 4.18 Moz from three additional deposits within the district (North Bullfrog - 1.19 Moz measured and indicated and 0.36 Moz inferred; Motherlode - 1.55 Moz indicated and 0.17 Moz inferred; and Sterling - 0.91 Moz inferred). It also reported that it will now evaluate the Merlin deposit discovery on an integrated basis with the adjacent Silicon deposit, as part of a combined pre-feasibility study, with further updates expected in 2023. This reporting will potentially include a maiden resource estimate for Merlin, which was recently described by AGA's CEO during its Q4 2022 financial results conference call as the "real gem" in the district.

Further information concerning the results and progress of the various components of the Corporation's royalty and exploration portfolios can be found in its MD&A and financial statements.

Capital Allocation Summary

The Corporation's capital allocation priorities are intrinsically linked to its strategy of creating per share value through a portfolio of originated and acquired assets that relate to long-life expandable operations that will naturally grow in value on a per share basis and provide it with the opportunity to regularly increase shareholder capital returns.

New investments completed during the year totaled $69 million and were directed to initiatives including the purchase of additional shares of LIORC and ARR, a convertible debenture investment into Invert, a carbon credit focused development stage company, as well as several junior mining company based royalty and equity investments.

The Corporation expended $4.8 million in the repurchase and cancellation of 268,000 shares under its Normal Course Issuer Bid during the year and paid dividends of $13.9 million (following a 14% increase in its regular quarterly dividend that was announced mid-year).

During the year, the Corporation made scheduled debt repayments of $8 million, debt interest payments of $6.6 million and preferred security distributions of $3.3 million. The Corporation also drew down $10 million on its revolving credit facility for the acquisition of investments.

On April 14, 2022 the Corporation announced that Fairfax Financial Holdings Limited, through certain of its affiliates (collectively, "Fairfax") exercised 6,670,000 common share purchase warrants (the "Warrants") for gross proceeds of $100 million. These proceeds were then in turn used to redeem $100 million of preferred securities that were held by Fairfax. Altius now has no outstanding common share purchase warrant or preferred securities distribution obligations and Fairfax has become the holder of approximately 13.9% of Altius issued and outstanding common shares.

Liquidity

Cash and cash equivalents at December 31, 2022 were $82.4 million, compared to $100.0 million at the end of 2021. Cash, excluding $67.9 million held by ARR, was $14.5 million. The value of publicly traded Project Generation business equity holdings was $50.3 million at December 31, 2022. The market value of LIORC shares was $125.6 million and the market value of ARR shares, including the in-the-money indicated value of share purchase warrants, was $169.8 million.

Dividend Declaration

The Corporation's board of directors has declared a quarterly dividend of $0.08 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on March 17, 2023. The dividend is expected to be paid on or about March 31, 2023.

This dividend is eligible for payment in common shares under the Dividend Reinvestment Plan ("DRIP") announced by press release May 20, 2020, and available to shareholders who are Canadian residents or residents of countries outside the United States.

In order to be eligible to participate in respect of the March 31, 2023 dividend, non-registered shareholders must provide instruction to their brokerage and registered shareholders must provide completed enrollment forms to the transfer agent by March 10, 2023, five business days prior to record date. Stock market purchases made under the DRIP for the March 31, 2023 payment will be satisfied by issuance from treasury at the 5 day volume weighted average price ending at the close of trading the day before payment date. Shareholders who have already provided instruction to be enrolled earlier this year will continue to be enrolled unless they direct otherwise. For more information, please see http://www.altiusminerals.com/dividend-reinvestment-plan. Participation in the DRIP is optional and will not impact any cash dividends payable to shareholders who do not elect to participate in the DRIP. The declaration, timing and payment of future dividends will largely depend on the Corporation's financial results as well as other factors. Dividends paid by Altius on its common shares are eligible dividends for Canadian income tax purposes unless otherwise stated.

[KMST]

Altius Minerals Reports Q4 and Full Year 2022 Expected Attributable Royalty Revenue

ST. JOHN’S, Newfoundland and Labrador / Jan 25, 2023
Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) (“Altius” or the “Corporation”) expects to report 2022 annual attributable royalty revenue† of $103.3 million, which is 23% higher than the $83.9 million reported for 2021. Fourth quarter expected attributable royalty revenue of $23.0 million compares to $23.4 million reported for the fourth quarter of 2021. The 2022 attributable revenue amount establishes a new annual record for the Corporation.

Potash revenue for 2022 of $41.4 million increased by 115% over the $19.3 million reported in 2021, mainly due to higher realized pricing in the first half of the year as the market reacted to supply concerns relating to the Russia-Ukrainian war. Tonnes of potash production attributable to royalties were similar to prior year levels.

The K3 production unit at Mosaic’s Esterhazy mine was fully commissioned during the year with production from this unit now replacing prior lost production from the K1 and K2 production units.

Both Mosaic and Nutrien announced the start of capital investment programs during the year that are designed to complete the ramp-up of production capacity at most of our royalty mines. These investments have been initiated in response to both current and projected long-term global supply constraints that have emerged and medium to long-term trend-line based demand growth expectations.

Base and battery metal (primarily copper) revenue of $28.5 million for the year is 22% lower than the $36.6 million reported in 2021. This primarily reflects the closure of the 777 mine during the second quarter with royalties from other operations performing largely as expected. Average realized copper prices during both years were very similar.

Early in 2022, Lundin Mining announced the discovery of the Saúva deposit at Chapada, which has initially indicated copper grades that are significantly higher than currently mined head grades. An aggressive delineation drilling program continued throughout the year and Lundin has indicated that the deposit is being considered as part of its ongoing production expansion studies at the operation. An initial resource estimate for the discovery is expected to be announced early this year. The Corporation’s stream agreements include the Saúva discovery area.

At Voisey’s Bay, underground mining has begun with initial production from the Reid Brook mine, while development of the Eastern Deeps mine continues. Exploration efforts also continued to indicate the potential for mine life extensions, particularly beneath the currently defined resource areas at Reid Brook.

Adventus Mining Corp. (“Adventus”) announced completion of a comprehensive project finance package for its Curipamba copper-gold project early in 2022 and of an investment protection agreement with the Government of Ecuador late in the year. It also continued to advance project permitting and final feasibility studies in advance of an anticipated construction decision later in 2023. In addition to its substantial equity holding in Adventus, Altius holds a 2% NSR royalty over the Curipamba project.

The Corporation’s first ever royalty revenue related to lithium production is expected in the coming year as the Grota do Cirilo project in Brazil is scheduled to commence operations in April, while the Tres Quebradas project in Argentina is progressing with construction activities. Altius is also an 11.4% co-founding shareholder in private company Lithium Royalty Corporation which holds larger royalty interests in these two projects as well as a number of other exploration through production stage lithium focussed royalties.

Iron ore revenue in the form of dividends from Labrador Iron Ore Royalty Corp. (“LIORC”), which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of Canada (“IOC”), was $10.7 million, compared to 2021 iron ore revenue of $17.2 million. The 38% decrease was primarily the result of lower realized product prices and lower equity dividends from IOC - as a greater percentage of IOC’s free cash flow was directed towards growth and sustaining capital investments. During the year, the Corporation increased its shareholding in LIORC by 866,000 shares to 3,739,800 shares at a total cost of $25.9 million.

IOC’s iron ore product mix includes an approximately 65% iron content concentrate and both blast furnace and DR pellets. Average market based P65% concentrate prices during the year were US$142 in 2022 vs US$195 in 2021. Average realized pellet prices at IOC were US$190/t in 2022 vs US$214/t in 2021 reflecting continued relative strength for highest purity products as the iron ore and steel making industries continue to evolve towards less polluting forms of manufacturing.

Later this year Champion Iron is expected to announce the results of an updated feasibility study for the Kami project, which is located nearby to the IOC operations as well as to Champion Iron’s Bloom Lake mine. The study is targeting production of DR grade pellet feed. Altius originated the Kami project within its Project Generation business and retains a 3% gross sales royalty interest.

Thermal (electrical) coal revenue of $15.2 million during 2021 was 68% per cent higher than the $9.1 million recorded in 2021. The increase reflected higher inflation adjusted royalty rates, higher plant utilization rates and coal consumption at the Genesee power plant, which was negatively impacted by unplanned maintenance shutdowns in the prior year. The operator of the Genesee power plant continues with natural gas based conversion investments that are expected to commission over the next year and bring an end to coal usage.

Altius Renewable Royalties (“ARR”), of which the Corporation is an approximately 58% shareholder, continued to ramp up royalty revenue from its US-based renewable energy project investments. As a result of its controlling shareholding, the Corporation reports ARR financial results on a consolidated basis. Attributable revenue during the year was approximately 12 times higher at $4.8 million as compared to $0.4 million in 2021. Several new royalties were added to its portfolio through a combination of developer-based financing agreements and direct royalty investment in advanced-stage and operating projects during the year. Late in the year, the Corporation invested $20.7 million through participation in an equity financing completed by ARR to support it in completing two acquisitions of production stage royalties. Further details regarding ARR and its activities can be found on ARR's website or by accessing its public filings on SEDAR.

Lastly, the Corporation is expecting to gain significant new insight into the scale and duration potential of AngloGold Ashanti’s Silicon Project gold discoveries in Nevada during the early part of this year. A PFS is expected to be released shortly for the Silicon Central deposit and a maiden resource is expected to be published for the Merlin deposit. Altius holds a 1.5% NSR royalty that covers the discovery area.

Fourth Quarter and Year-End 2022 Financial Results Conference Call and Webcast Details

Additional details relating to individual royalty performances and asset level developments will be provided with the release of full financial results, which will occur on March 7, 2023 after the close of market, with a conference call to follow on March 8, 2023.

[KMST]

Antwort auf Beitrag Nr.: 73.058.825 von muenchenguru am 10.01.23 11:36:49

hab mich auch über mehrere monate immer mal mit renewable energy beschäftigt und letztendlich auch direkt bei ARR eingestiegen.
der einstieg unter ipo und letztem financing ist mir auch gelungen, deshalb auch ganz zufrieden mit der entscheidung.

die altius minerals halte ich jetzt auch schon viele jahre mit einstieg um die CA$7.
bin mit dem weg und den entscheidungen des managment all die zeit hochzufrieden. steady as she goes und niemals quatsch gebaut.
das mit den coal royalties war nicht vorhersehbar und eine polit. entscheidung.
die sache ist aber immer noch vor gericht und alberta kommt aus der nummer nicht so einfach raus.

[muenchenguru]

Die wichtige Säule der Windkraft-Royalties hab ich noch nicht so richtig verstanden. Die Weiterentwicklung durch Beteiligungen via Aktien ist ein weiterer interessantes Standbein.

[muenchenguru]

danke KMST für diese sehr informative Meldung. Altius steht bei mir schon lange auf den Kaufzettel, bislang hatte ich aber immer andere Prioritäten. Fazit: noch stärkere Beobachtung 😀