Altius Minerals - Die Rohstoffperle - Die letzten 30 Beiträge

[KMST]

Altius Minerals Increases Ownership of Orogen Royalties to 18.15% Through Exercise of Warrants

VANCOUVER, April 25, 2024 - (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") announces Altius Minerals Corp. (TSX:ALS) ("Altius") has increased its ownership in Orogen.

Altius Resources Inc., a wholly owned subsidiary of Altius, has acquired 7,115,545 common shares of Orogen through the exercise of 7,115,545 common share purchase warrants at $0.4017. The warrants were acquired through a private placement completed in April 2019. The total amount received for the warrant exercise is $2,858,314. Altius now holds a total of 36,430,561 common shares, or 18.15% of the issued and outstanding common shares of the Company and 17.18% on a fully diluted basis.

A copy of Altius Resource Inc.'s early warning report will appear on the Company's profile on SEDAR+ at www.sedarplus.com and may also be obtained from Altius' office at 38 Duffy Place, 2nd Floor St. John's NL A1B 4M5 or by calling 1-877-576-2209.

[KMST]

Altius Reports Q1 2024 Expected Attributable Royalty Revenue

Altius Minerals Corp. (ALS: TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") expects to report Q1 2024 attributable royalty revenue(1) of $17.4 million.

Royalty Revenue Summary

Base and battery metals (primarily copper) revenue of $5.3 million for the quarter reflects higher copper stream deliveries from Chapada. At Voisey's Bay, nickel production continued to be impacted by the transitioning to underground mining from prior open pit based production.

The Corporation's preliminary cost of sales related to the Chapada copper stream, excluding any depletion for the quarter, is $1.5 million.

Potash portfolio revenue during the first quarter was $5.1 million, which is similar to the prior quarter but lower than the first quarter in 2023, the latter of which included non-recurring price adjustments of $2.2 million and higher average realized potash prices.

Iron ore royalty 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, was $1.7 million.

Renewable energy royalty revenue at Altius Renewable Royalties Corp. ("ARR") of $3.3 million continues its growth trajectory. This current quarter included the commissioning of the Canyon wind project to bring the total number of revenue generating project royalties to 11. In addition the GBR joint venture recognized revenue from renewable project sales proceeds and an escrow release from the Titan Solar project. The Corporation owns 58% of ARR.

Thermal (electrical) coal royalty revenues are $nil in the current quarter as the Genesee Mine ceased operations at the end of 2023.

[KMST]

Schlussstrich drunter....sehr enttäuschend

Altius Minerals Corp. (ALS: TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") reports on a decision issued on April 4, 2024 by the Alberta Court of Appeal regarding the earlier dismissal of its Statement of Claim against the governments of Alberta and Canada for the constructive taking or de facto expropriation by regulation of its Genesee mine "interest in land" royalty asset.

In its decision, the Court of Appeal upheld the earlier decision to summarily dismiss Altius's claim on the grounds that it did not believe that the legal test for constructive taking or de facto expropriation was met. Altius's mineral royalty rights to Genesee were fully economically defeated by the governments' actions. In contrast with Altius, compensation was previously paid to the operator of the Genesee power plant.

Given the impact of the Court's decision, Altius, with the input of legal counsel, will take time to study and carefully assess the judgment and to determine if any further legal steps are warranted. Altius is disappointed with the conclusion and reasons of the Court, but respects the legal process, including the Court's decision.

[KMST]

ich vermisse zum ersten mal die dividenden zahlung von altius...hat die jemand von euch schon bekommen und welchen broker habt ihr?

ich bin bei onvista

[KMST]

Altius Minerals press release (OTCPK:ATUSF): Q4 Non-GAAP EPS of C$0.06.
Revenue of C$13.8M (-36.4% Y/Y).
Fourth quarter attributable royalty revenue of C$16.0 million (C$0.34 per share) compares to C$23.1 million (C$0.49 per share) in Q4 2022.
Adjusted EBITDA for the fourth quarter was C$11.0 million or C$0.23 per share, which compares to adjusted EBITDA of C$18.0 million or C$0.38 per share in Q4 22.
Adjusted operating cash flow for the quarter was C$7.7 million or C$0.16 per share compared to C$19.2 million or C$0.40 per share in Q4 2022.

https://altiusminerals.com/investor-information/press-releas…

[KMST]

Altius Provides 2023 Year-End Project Generation Update
13:55 Uhr | Business Wire

Altius Minerals Corp. (TSX: ALS) (OTCQX: ATUSF) ("Altius") is pleased to provide an update on its Project Generation ("PG") business activities and its public junior equities portfolio. The market value of the junior equities portfolio at December 31, 2023 was $45.1 million, as compared to $44.6 million at September 30, 2023.

During the year, new cash-based investments amounted to $1.6 million and the market value (year-end basis) of shares received as part of property sales agreements totaled $2.8 million. Proceeds from sales of public equities from the portfolio totaled $1.2 million. An updated list of the public equity holdings has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities.

In 2023, greater than 300,000 metres of exploration and delineation drilling, with an estimated cost to the operators of more than $60 million, was completed across projects in which Altius has royalty and/or equity exposure.

Project Generation Portfolio 2023 Select Highlights

Altius holds 29,315,015 common shares of Orogen Royalties (TSX-V:OGN) representing an approximate 16.5% equity stake and a further 7.1 million common share purchase warrants. Orogen continued to execute on its business model of project generation-based royalty creation with noteworthy highlights including nearly $5 million in 2023 royalty revenue from its Ermitaño royalty in Mexico and the significant advancement of AngloGold Ashanti's Expanded Silicon project in Nevada (Orogen's 1% NSR royalty in addition to Altius' directly held 1.5% NSR royalty). Altius and Orogen also continued its strategic alliance in Nevada generating several new projects that bear geologic similarities to the Silicon discovery.

Adventus Mining Corp. (TSX-V:ADZN), of which Altius is a significant shareholder, closed the year with announcement of completion of its environmental consultation process for the proposed development of its El Domo-Curipamba project in Ecuador. This result now clears the way for the expected issuance of the environmental licence for the project. The Company also announced plans of a proposed merger with Luminex Resources Corp. ("Luminex") (TSXV: LR) and a related US$18 million financing. In addition to its substantial equity holding (16,467,738 common shares) in Adventus, Altius holds a $4 million convertible debenture royalty loan with the Company, and a current 2% NSR royalty over the Curipamba project.

Wolfden Resources Corp. (TSX-V:WLF) ("Wolfden") continues to progress its high-grade polymetallic copper-lead-zinc-gold-silver Pickett Mountain project in northern Maine focusing upon community engagement activities related to filing of a rezoning application with the State to allow for the development of a new underground mining operation. As part of the application process the Company announced that the Maine Land Use Planning Commission (LUPC) held public hearings in October to receive public comment. A final decision by the LUPC with respect to the application is expected early in 2024. Altius currently holds 19,706,000 common shares of Wolfden and a 1.35% GSR royalty covering the Pickett Mountain project.

Latitude Uranium Inc. (TSX-V:LUR) ("Latitude") made a notable acquisition of the Angilak uranium property in Nunavut from Valore Metals Corp. mid-year adding to its uranium property holdings in Labrador. On December 7th Latitude announced it had entered into a definitive arrangement agreement to be acquired by Atha Energy Corp. (CSE:SASK), a Canadian focused uranium exploration company. Altius holds 8 million shares of Latitude and a 2% gross overriding royalty covering several of its Labrador CMB properties.

AbraSilver Resource Corp. (TSX.V:ABRA), of which Altius is an equity shareholder, continued to advance its silver-gold Diablillos project in Salta province, Argentina and announced a substantial increase to the mineral resource estimate of the project. Subsequent to year end Abra also announced it entered into a binding letter agreement with a subsidiary of Teck Resources Ltd. regarding a proposed option and joint venture agreement to explore and develop the La Coipita copper-gold project in San Juan, Argentina. Altius holds an option to acquire a 1.1% NSR royalty covering the La Coipita project for US $3M.

Churchill Resources (TSX-V: CRI) ("Churchill") continued to advance both its Taylor Brook and Florence Lake nickel projects during the year, including fulfillment of its Florence Lake Option Agreement with Altius by issuing an additional 5,041,689 common shares, bringing Altius's total shareholding to 17,838,815 common shares in Churchill. Churchill completed a $2.6 million financing in the final quarter of the year and commenced a 5000-meter drilling campaign at Taylor Brook. In addition to its shareholding in Churchill, Altius also holds a 1.6% gross sales royalty on each of the Taylor Brook and Florence Lake nickel projects.

[KMST]

Altius Reports Q3 2023 Expected Attributable Royalty Revenue(1) of $17.9M

Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") expects to report Q3 2023 attributable royalty revenue(1) of $17.9 million.

Base and battery metals (primarily copper) revenue of $4.2 million for the quarter compares to $5.5 million reported for the comparable quarter of 2022 due primarily to the scheduled closure of the 777 mine in Q2 of 2022 and lower copper stream deliveries from Chapada. The Corporation recognized a small royalty from the ramp up of Groto do Cirilo during the quarter marking its first lithium royalty revenue.

Potash portfolio revenue during the quarter was $3.9 million, which compares to $10.3 million in the comparable quarter of 2022, reflecting significantly lower average realized prices.

Iron ore royalty 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 $3.6 million, as compared with Q3 2022 iron ore revenue of $3.7 million.

Renewable energy royalty revenue of $2.6 million compares to $2.1 million recorded in the same period last year.

Thermal coal royalty revenue of $2.0 million was received in Q3 2023 compared to $3.8 million during the comparable quarter of last year reflecting lower attributable production volumes at the Genesee Mine that were partially offset by a higher inflation-linked royalty rate. The operator of the Genesee power plant continues to invest in a conversion to natural gas-based fuelling and plans to bring an end to coal usage by early next year.

The Corporation's preliminary cost of sales on the Chapada copper stream, excluding any depletion for the quarter, is $1.1 million compared to $1.3 million in the prior year quarter.


Third Quarter 2023 Financial Results Conference Call and Webcast Details
Date: November 09, 2023
Time: 9:00 AM ET
Toll Free Dial-In Number: ([phone]
International Dial-In Number: ([phone]
Conference Call Title and ID: Altius Minerals Q3 2023 Financial Results, ID 35071568
Webcast Link: Q3 2023 Financial Results

[KMST]

Altius Provides 2nd Quarter 2023 Project Generation Update
10.07.2023 | Business Wire

Altius Minerals Corp. (TSX: ALS) (OTCQX: ATUSF) ("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 June 30, 2023 was $41.8 million compared to $51.8 million at March 31, 2023. There were no material additions or sales completed during the quarter.

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

Generative exploration activities continued to ramp up during the quarter across the Corporation's portfolio of wholly owned projects as well as the evaluation of third party opportunities, while efforts to market a number of projects towards joint venture and sale are expected to result in several new agreements in coming periods.

Portfolio Updates

Based upon discussions with exploration partners it is currently anticipated that approximately 300,000 metres of drilling will be completed across the portfolio of royalty and equity-based holdings during the year. This is despite continued difficult capital raising conditions for the majority of junior explorers. Some of the more notable highlights across the junior equities portfolio during the quarter are noted below:

Orogen Royalties Inc. (OGN:TSV-V) ("Orogen") continues to be active in generating new projects primarily in the United States and Canada, highlighted most recently by the acquisition of the Firenze gold project as part of the ongoing exploration alliance between Orogen and Altius focused in Nevada.

Churchill Resources Inc. (CRI:TSX-V) ("Churchill") recently announced closing of a $1.16 million financing that will be budgeted for exploration work at its Florence Lake Nickel project in Labrador. The 2022/23 geophysical programs at Florence Lake have identified several new targets that will be the subject of lithogeochemical sampling and mapping through the summer as a prelude to a planned 5,000 metre drill program in early autumn. Altius holds 17,838,815 common shares of Churchill and a 1.6% gross sales royalty covering the Florence Lake project.

Adventus Mining Corporation (ADZN: TSX-V) continued to advance detailed engineering studies for the copper-gold rich El Domo project during the quarter and has indicated that several technical and economic improvements have been identified that are being incorporated into updated engineering designs, execution schedules and the project financial model. It also continues to engage constructively with government authorities and community representatives as it works to complete environmental and social licencing objectives towards a goal of being in a position to begin construction activities as soon as the fourth quarter of this year.

AbraSilver Resource Corp. (ABRA:TSX-V) ("Abra") continues to release favorable drill results from the recently discovered JAC zone at its Diablillos project in Argentina. Recent drilling highlights include 17 meters at 829 g/t silver and 79 meters at 238 g/t from DDH 23-029. Abra also announced plans to drill at least an additional 15 holes as part of the phase III program in order to define the limits of the high-grade silver mineralization in oxides being encountered. All of the phase III drill holes will be incorporated into an updated MRE and will be included in a prefeasibility study on the Diablillos project, which Abra expects to complete in the second half of 2023. Altius holds an equity stake in Abra.

Wolfden Resources Corporation (WLF-TSX-V) reported that the Maine Land Use Planning Commission has accepted its responses to a series of questions associated with its Pickett Mountain project rezoning application and submitted the completed documentation on to third party review, including other state agencies and consultants. This follows the passing of ordinances or resolutions, by public vote, in support of the project, subject to prerequisite regulatory approvals. The Pickett Mountain project is a proposed 1200 tonne-per-day underground polymetallic mining project with an expected 10-15 year mine life based on Wolfden's 2020 preliminary economic assessment.

Surge Copper Corp. (SURG:TSX-V) ("Surge") continues to advance its Ootsa Cu-Au porphyry project in BC and recently released positive results from a preliminary economic assessment for the project. Surge is currently earning a 70% interest in the Berg/Ootsa project from Centerra Gold. Altius holds an equity interest in Surge.

Archer Exploration Corp. (RCHR:TSX-V) ("Archer"). In mid-May Archer commenced drilling at its Grasset Nickel Project located in the Abitibi Greenstone Belt of Quebec with the objective to test for nickel mineralization extensions adjacent to the known deposit. On June 15 it announced the intersection of 1.82% Ni over 4.60 metres (including 5.75% Ni over 0.6 metres), which represents higher tenor mineralization than encountered in the majority of previous results. Archer is planning 10,000 metres of drilling at Grasset to potentially expand the current Indicated Resource of 5.5Mt @ 1.22% Ni, 0.13% Cu, 0.03% Co, 0.26 g/t Pt and 0.64 g/t Pd. Altius holds an equity stake in Archer.

[KMST]

beste präsentation ever vom altius investor day 2023

https://altiusminerals.com/storage/webcasts/altius-investor-…

[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 😀

[KMST]

Altius Provides 2022 Year-End Project Generation Update

Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) (“Altius”) is pleased to provide an update on
its Project Generation (“PG”) business activities and its public junior equities portfolio. The market value of
the junior equities portfolio at December 31, 2022 was $50.3 million, compared to $43.5 million at
September 30, 2022 and $55.5 million at December 31, 2021. During the year, new cash-based
investments amounted to $5.4 million and the market value (year-end basis) of shares received as part of
property sales agreements totaled $5.6 million. Sales of public equities from the portfolio totaled $3.4 million
while income of $4.3 million was recorded in relation to Altius’ exit from a private Chile based project
generation investment vehicle. An updated list of the public equity holdings has been posted to the Altius
website at http://altiusminerals.com/projects/junior-equities.
New investments completed during the year included equity purchases of Gungnir Resources Inc. (TSX-V:
GUG), Marimaca Copper Corp. (TSX: MARI), Callinex Mines Inc. (TSX-V: CNX), Lara Exploration Ltd.
(TSX-V: LRA), and Archer Exploration Corp. (CSE: RCHR). Altius also increased its equity exposure to
several existing investments including Orogen Royalties Inc. (TSX-V: OGN) (“Orogen”), Adventus Mining
Corp. (TSX-V: ADZN) (“Adventus”), AbraSilver Resource Corp. (TSX-V: ABRA) (“AbraSilver”) and Wolfden
Resources Corp. (TSX-V: WLF) (“Wolfden”).
In 2022, an estimated 320,000 metres of drilling was completed across projects in which Altius has royalty
and/or equity exposure.
Brian Dalton, Altius’ President and CEO commented, “2022 was a challenging year in terms of equity
valuations and capital access for most junior explorers and/or developers and this was reflected in our
portfolio performance - albeit to a lesser degree than the broader junior market. This weakness also
presented opportunities, however, and we were net investors as a result. We remain bullish that the long-
term supply-demand imbalance facing most mined commodities has been exacerbated by the weaker
investment and sentiment conditions experienced during the year and we believe that the value of quality
projects and explorers will better reflect this in future periods.”
Project Generation Portfolio 2022 Highlights
Altius increased its equity position in Orogen throughout the year to 29,315,015 shares representing an
approximate 16.5% equity stake in the company (before considering a further 7.1 million common share
purchase warrants held by Altius). Orogen continued to execute on its business model of project generation-
based royalty creation with noteworthy highlights including receipt of first revenues from its Ermitaño royalty
in Mexico, continued advancement of Silicon in Nevada, and the creation of 8 new early-stage royalties
through sales/option agreements of generated projects. At Silicon, a significant maiden resource was
published by the operator from the first of the discoveries made on the project, over which Orogen holds a
1% net smelter return (“NSR”) royalty (and Altius directly holds a 1.5% NSR royalty). Altius and Orogen
also entered into a strategic alliance to generate new projects in Nevada that bear geologic similarities to
the Silicon discovery with two projects created together thus far.
Champion Iron Limited (TSX: CIA) (“Champion”) continued to advance an updated feasibility study for the
Kami Project in Labrador which it acquired in 2021 (see Champion Kami Project overview here). Champion
is evaluating the Kami Project’s potential to produce ultra-high purity iron ore products that could provide
feedstocks suitable for use in the growing electric arc furnace steelmaking segment. Results of this study
are expected in mid to late 2023. Altius is a shareholder of Champion and holds a 3% gross sales royalty
(“GSR”) over the Kami Project.

Adventus, of which Altius is a major shareholder, continued to advance its Ecuadorian project portfolio,
including arrangement of a US$236 million project finance package for its Curipamba copper-gold project
as well as country and community engagement progress with key environmental and social permits
expected by the end of Q2 2023 (see Adventus corporate presentation here). In addition to its substantial
equity holding in Adventus, Altius holds a 2% NSR royalty over the Curipamba project.
Wolfden continues to progress its high-grade polymetallic copper-lead-zinc-gold-silver Pickett Mountain
project in northern Maine including recently garnering local community support in advance of filing a
rezoning application with the State to allow for the development of a new underground mining operation
(see Wolfden press release dated November 14, 2022 here). Altius is a significant shareholder of Wolfden.
AbraSilver, of which Altius is an equity shareholder, has continued to advance a prefeasibility study planned
for completion in 2023 on its silver-gold Diablillos project in Argentina, where, in addition to its Oculto
deposit, the company has recently reported a new discovery at the Southwest Zone (see AbraSilver press
release dated December 15, 2022 here). In the past year, AbraSilver also reported on the discovery of a
new copper-gold-molybdenum porphyry system at its La Coipita project (see AbraSilver press release dated
June 28, 2022 here), where Altius retains the option to acquire an existing 1.1% NSR royalty.
Surge Copper Corp. (TSX-V: SURG) (“Surge”) significantly advanced its Ootsa Cu-Au porphyry project in
British Columbia during the year increasing certain resources and commencing a preliminary economic
assessment on the Berg project later in the year. The company also completed a 22,000-metre regional
exploration program focusing on testing of a number of high-priority exploration targets across the Ootsa-
Berg district (see Surge press release dated November 2, 2022 here). Altius is an equity shareholder of
Surge.
Several portfolio companies of which Altius gained its equity stake through property sales in Newfoundland
& Labrador completed exploration campaigns and reported drilling results throughout the year. Some of the
highlights include:
Sokoman Minerals Corp. (TSX-V:SIC) continued to carry out extensive drilling programs at its Moosehead
Gold project and reported several strong intercepts including a recent result of a 39.60 m intercept (core
length) of 12.50 g/t Au (from 295.30 m downhole) including a higher-grade interval of 10.25 m grading 41.97
g/t Au (from 312.35 m downhole) in MH-22-463 (see project overview here). Altius retains a 2% NSR
interest in the Moosehead project.
Sterling Metals Corp. (TSX.V: SAG) (“Sterling”) reported high grade silver assays from its Heimdall zone
and a new zone 500 metres north of Heimdall at the Sail Pond project (see Sterling press release dated
December 12, 2022 here). Altius is an equity holder of Sterling and holds a 2% NSR royalty over the Sail
Pond Project.
Canstar Resources Inc. (TSX-V: ROX) (“Canstar”) reported additional high grade drilling results at its
Kendall prospect throughout the year as well as discovery of a new gold occurrence near Facheaux Bay,
located 43 kilometres southwest of the Kendell prospect on its Golden Baie project (see Canstar press
release dated December 13, 2022 here). Altius is an equity holder of Canstar and holds a 1% NSR royalty
over the Golden Baie Project.
TRU Precious Metals Corp. (TSX-V: TRU) (“TRU”) advanced its Golden Rose project in 2023 with multiple
drilling programs at the Woods Lake Gold Zone and discovery of high grade gold at its Mark's Pond and
Rich House targets located along the highly prospective Cape Ray-Valentine Lake shear zone (see TRU
press release dated November 23, 2022 here). Altius is an equity holder of TRU and holds a 2% NSR
royalty over the Golden Rose Project.
Churchill Resources (TSX-V: CRI) (“Churchill”) undertook significant work at its Taylor Brook Nickel project
during the year fulfilling its Option Agreement with Altius and issuing an additional 9 million common shares
bringing the Altius equity stake to 11,423,180 common shares. Results of a comprehensive geophysical
program followed by a 5000 meter drilling campaign were announced in mid-October highlighted by high
grade nickel occurrences (see Churchill press release dated October 11, 2022 here). Altius holds a 1.6%
GSR royalty over the Taylor Brook Project.
High Tide Resources Corp. (TSX-V: HRTC) (“High Tide”) continued to advance its Labrador West Iron
project completing a drill program highlighted by numerous intersections of iron mineralization including
205.16 metres of 32.06% Fe (see High Tide press release dated August 10, 2022 here). High Tide also
fulfilled its Option Agreement pertaining to the project during the year issuing in total 13,427,507 common
shares to Altius. Altius also holds a 2.75% GSR on iron ore and a 2.75% NSR royalty on all other minerals
over the Labrador West Iron project.

[KMST]

Altius Renewable Royalties Corp. Announces Closing of Previously Announced CDN$35 Million Bought Deal Financing

14:47 Uhr | Business Wire

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) ("ARR", the "Corporation", or the "Company") is pleased to announce that today it has closed its previously announced bought deal public offering (the "Offering") of common shares of the Company (the "Shares"). A total of 3,900,000 Shares were issued at a price of C$9.00 per Share (the "Offering Price") for aggregate gross proceeds of C$35,100,000.

The Offering was made through a syndicate of underwriters led by TD Securities Inc. and Cormark Securities Inc. (the "Joint Bookrunners"), including National Bank Financial Inc., Peters & Co. Limited, Raymond James Ltd., Scotiabank, CIBC Capital Markets and Laurentian Bank Securities Inc. (collectively, with the Joint Bookrunners, the "Underwriters").

The Company granted the Underwriters an over-allotment option, exercisable in whole or in part at any time up to 30 days after the closing of the Offering, to purchase up to an additional 585,000 Shares at the Offering Price, for additional gross proceeds to the Company of up to C$5,265,000.

The Company intends to use the net proceeds from the Offering to fund its 50% of the acquisition price for Great Bay Renewables' Titan Solar royalty investment and for general corporate purposes.

The Shares have been conditionally approved for listing on the Toronto Stock Exchange ("TSX"). The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSX.

The securities issued under the Offering were offered by way of a prospectus supplement dated December 5, 2022 (the "Prospectus Supplement") to the Company's base shelf prospectus dated March 1, 2022, that was filed in each of the provinces and territories of Canada. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Altius Minerals Early Warning Disclosure

Altius Minerals Corp. (TSX: ALS) (OTCQX: ATUSF) ("Altius Minerals") purchased 2,298,700 Shares (the "Pre-Emptive Shares'") at the Offering Price pursuant to the Offering in order to allow Altius Minerals to maintain its ownership of the Company after closing. Prior to the Offering, Altius Minerals beneficially owned 15,638,639 Shares and 3,093,835 warrants to purchase Shares, representing approximately 59% of the issued and outstanding Shares on a non-diluted basis (approximately 63% of the issued and outstanding Shares, on a partially diluted basis). Altius Minerals has anti-dilution rights that permit it to acquire additional securities of the Company so as to maintain its proportionate equity interest in the Company from time to time.

After giving effect to the Offering, and assuming no exercise of the Over-Allotment Option, Altius Minerals beneficially owns 17,937,339 Shares and 3,093,835 warrants to purchase Shares, representing approximately 59% of the issued and outstanding Shares on a non-diluted basis (approximately 63% of the issued and outstanding Shares, on a partially diluted basis).

The related early warning report will be filed under the Company's profile at www.sedar.com in accordance with applicable securities laws and a copy may be obtained directly from Flora Wood at [e-mail].

[KMST]

Altius Minerals Reports Q3 2022 Attributable Royalty Revenue of $26.2M and Adjusted Earnings (1,2) of $9.8M

Mr. Brian Dalton reports:

ST. JOHN’S, Newfoundland and Labrador / Nov 09, 2022 / Business Wire / Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports third quarter 2022 revenue of $25.9 million compared to $20.4 million for the same period in 2021 and third quarter attributable royalty revenue(1,2) of $26.2 million ($0.55 per share(1,2)), which compares with the $20.8 million ($0.50 per share) reported for the same quarter in the prior year. On a year-to-date basis, attributable royalty revenue of $80.3 million is tracking 33% higher than the $60.5 million reported for the prior year nine-month comparable period.

Adjusted EBITDA(1,2) of $23.7 million or $0.50 per share(1,2) during Q3 2022 compares to $16.9 million or $0.41 per share during the prior year quarter. On a year-to-date basis, adjusted EBITDA of $71.7 million is higher by 46% from the prior year and results in an increase in EBITDA margin from 81% to 89%.

Q3 2022 adjusted operating cash flow(1,2) of $25.9 million or $0.54 per share(1,2) compares to $18.9 million or $0.46 per share in last year’s comparable quarter. On a year-to-date basis, adjusted operating cash flow (1,2) increased by 69% to $56.7 million from $33.5 million recorded for the nine-month period ended September 30, 2021. Adjusted operating cash flow trended higher as revenue growth outstripped cost increases.

Net earnings of $11.5 million or $0.22 per share for Q3 2022 compares to net earnings of $9.8 million or $0.24 per share in Q3 2021. Adjusted net earnings per share(1,2) of $0.20 in the current quarter is consistent with Q3 2021. The main adjusting items in the third quarter of this year are unrealized foreign exchange losses of $2.2 million ($0.05 per share), adjustments for non-recurring other income of $2.1 million ($0.04 per share) and unrealized gains on derivatives of $0.9 million ($0.02 per share). The prior year quarter was also adjusted for net gains of $2.0 million ($0.05 per share) related to the sale of mineral properties, gains on derivatives and debt extinguishment costs.

Base and battery metals (primarily copper) revenue of $5.5 million for the quarter compares to $8.2 million reported for the third quarter of 2021 primarily due to the scheduled closure of Hudbay’s 777 Mine. Higher production volumes at Chapada were offset by lower realized copper prices during the quarter.

Copper stream deliveries from Chapada reflected higher production and sales levels in the current quarter versus the year ago period. Operator guidance for 2022 has been reiterated within a range of 45,000 – 50,000 tonnes despite a weather impacted first half. Lundin Mining reported that it continues to expand its new high-grade Saúva discovery, which is located 15 km north of current mining operations at Chapada, on lands subject to Altius’s copper streaming agreement, and that it expects to publish a maiden resource in early 2023. It also noted that it is now considering the implications of the new discovery within the context of its ongoing expansion planning studies.

Royalty revenue from the Voisey’s Bay nickel-copper-cobalt mine was slightly lower during the quarter relating to an ongoing operational transitional period as mining shifts from the Ovoid deposit to the Reid Brook and Eastern Deeps deposits.

Potash portfolio revenue during the quarter was $10.3 million, which compares to $3.8 million in the comparable quarter of 2021, reflecting significantly higher average realized prices, particularly in Canadian dollar terms, despite volumes in Q3 2022 being lower than forecast due to the partial deferral of fertilizer buying by growers in the key North America and Brazil markets. A portion of total global potash demand in 2022 will be unmet due to geopolitical related supply constraints in Russia and Belarus and the operators of the mines on which we hold royalties have signaled that they have begun ramp-up type investments to activate any remaining infrastructure capacity existing at their mines. The mine operators have also commented that they expect the deferred application of potash noted late this year in key markets to be made up in 2023 given tight global crop inventories and strong price incentivization for farmers to maximize production and yields. On a year-to-date basis, potash revenue of $31.6 million exceeds the $19.3 million revenue reported for the full year 2021.

Iron ore revenue in the form of dividends from Labrador Iron Ore Royalty Corp. (“LIORC”) was $3.7 million compared to $6.0 million in Q3 2021 largely due to higher sustaining and growth capital spending and lower declared equity dividends by the Iron Ore Company of Canada (“IOC”) but also related to lower benchmark pricing. Production levels at IOC have improved in recent periods, in apparent relation to the increased operational investment commitments. LIORC serves as a pass-through vehicle for IOC production-based royalty revenues and equity dividends.

Champion Iron continues to advance studies relating to the Kami project with emphasis on demonstrating that it can produce a DR grade pellet feed material and expects to provide details of its rescoped feasibility studies in the first half of 2023.

Thermal coal revenue of $3.8 million during the current quarter compared to $2.6 million during the third quarter of last year. The current quarter includes slightly higher attributable royalty volumes as well as a higher inflation indexed per tonne royalty rate. The Genesee mine is expected to cease operations in 2023 or 2024 as the operator of the integrated power generating plant completes investments in natural gas conversion to meet upcoming regulatory requirements to cease coal based fueling.

Altius Renewable Royalties Inc. (“ARR”) (TSX: ARR) released its Q3 2022 results on November 7, 2022 (ARR Q3 2022 Results). The Corporation holds 59% of the common shares of ARR. ARR reported Q3 2022 attributable royalty revenue of US$1.8 million, as compared to US$0.05 million in the prior year period, relating to its 50% joint venture interest in Great Bay Renewables (“GBR”). On October 17, 2022 ARR announced that GBR had increased its 2022 annual royalty revenue guidance to US$6.5 - US$7.0 million from the US$4.5 - US$5.5 million previously indicated and also noted that it expects revenues to continue to ramp up strongly over coming periods as several new projects that are subject to royalty complete construction and enter operations.

ARR reported during the quarter on the entering into of a US$40 million royalty financing agreement with solar and storage project developer Hodson Clean Energy. It also reported on the acquisition of TGE, one of its earlier project developer investee companies, by Enbridge and the resulting creation of several additional project royalties.

ARR’s quarterly results and business development activities can be reviewed in greater detail in its published third quarter MD&A and financial statements.

Gold AngloGold Ashanti (“AGA”) continued an aggressive delineation and exploration focused program at its new Silicon Project gold discovery in Nevada. During the third quarter, AGA announced and subsequently closed the acquisition of Coeur Sterling, Inc., which owns neighboring properties to AngloGold Ashanti’s properties in the Beatty district of southern Nevada.

Additional information on the Corporation’s results of operations and developments in its Project Generation division are included in the Corporation’s MD&A and Financial Statements which were filed on SEDAR today and are also available on the Corporation’s website at www.altiusminerals.com.

Capital Allocation Summary

During the quarter, the Corporation made scheduled debt repayments of $2.0 million and paid cash dividends of $3.8 million. The Corporation also expended $2.7 million during the period in the repurchase and cancellation of 158,000 shares under its Normal Course Issuer Bid.

The Corporation acquired investments in the amount of $18.2 million during the third quarter of 2022 consisting of the acquisition of 550,000 shares in LIORC for $15.9 million and $2.3 million through its co-participation rights in project level royalty acquisitions completed by Lithium Royalty Corporation.

Liquidity

Cash and cash equivalents at September 30, 2022 were $98.2 million, compared to $100 million at the end of 2021. Cash, excluding $75.2 million held by ARR, was $23 million. The value of publicly traded Project Generation business equity holdings was $43.5 million at September 30, 2022. The market value of LIORC shares was $108.1 million and the market value of ARR shares including the in-the-money value of share purchase warrants was $127 million. The Corporation has $93 million available on its revolving credit facility.

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 November 30, 2022. The dividend is expected to be paid on or about December 15, 2022.

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 December 15, 2022 dividend, non-registered shareholders must provide instruction to their brokerage and registered shareholders must provide completed enrollment forms to the transfer agent by November 24, 2022, five business days prior to record date. Stock market purchases made under the DRIP for the December 15, 2022 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 Provides Update on Coal Litigation
October 24, 2022 08:33 AM Eastern Daylight Time
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) reports on a decision issued by the Supreme Court of Canada on Friday October 21, in an unrelated constructive taking or de facto expropriation case, that it believes holds materially relevant and positive implications for Altius’ ongoing lawsuit against the governments of Alberta and Canada.

By way of background, on 19 December 2018 Altius (through certain subsidiaries) filed a Statement of Claim in the Court of King’s Bench of Alberta seeking $190 million in compensation for the constructive taking or de facto expropriation by regulation of its Genesee mine “interest in land” royalty asset. This was as a result of the governments’ regulatory actions to phase out coal-fired power generation by 2030 and, in the case of Alberta, its agreement to make compensatory payments to the operator of the Genesee power generating plant that are expected to total more than $700 million.

The Genesee mine and power generating plant were developed and have been run as an integrated operation through formal mine supply dedication and royalty agreements since inception in 1988 as Edmonton Power, and remain responsible for a large portion of Alberta’s generation. In keeping with the regulatory changes and its compensatory agreement, the plant operator is currently converting the generating units to natural gas fueling and once this is completed and coal mining ended, royalty payments to Altius will cease. Prior to the government actions the Genesee mine and power plant were planned to continue operating together as an integrated operation until 2055.

Altius’ claim was dismissed in Alberta on the stated basis that the legal test for constructive taking or de facto expropriation could not be made out, the court finding that even if the royalty property interest was sterilized of value, no compensation was payable as the governments had not acquired a beneficial property interest in same.1

Altius subsequently appealed dismissal of its suit to the Alberta Court of Appeal, where proceedings were recently temporarily stayed pending issuance of the Supreme Court of Canada’s decision in another de facto expropriation case called Annapolis Group Inc v Halifax Regional Municipality.

The Supreme Court of Canada rendered its decision in Annapolis on 21 October 2022, where the Majority clarified that the legal test for a constructive taking or de facto expropriation does not require that the government acquire an interest in the property at issue, and that it is sufficient if a beneficial interest in the form of an “advantage” flows to the state.2

Within its ruling it stated that “A “beneficial interest” is to be broadly understood as an “advantage”; as such, the interest acquired by the state can fall short of an actual acquisition by the state.” It further stated “that “beneficial interest” refers not to actual acquisition of the equity that rests with the beneficial owner of property, connoting rights of use and enjoyment, but to an advantage flowing to the state.”

The Alberta and Canadian governments phased out coal-fired emissions to obtain publicly stated advantages (valued at $4.7 billion by the federal government3) relating to avoided health care and climate change linked costs.

Altius will immediately continue its appeal of the dismissal, if Alberta and Canada do not agree to vacate it, on the basis that the Supreme Court has now clarified the test used to determine whether a constructive taking has occurred.

Brian Dalton, CEO of Altius, commented, “Altius wishes to make clear that it does not take issue with the intended phase out of coal fired power generation in Canada. Indeed, we are actively backing the development of many new renewable energy projects with royalty-based funding and in so doing are directly enabling advancement of the global energy transition imperative. Our ongoing lawsuit in no way challenges the right of governments to change regulations to address the evolution of the societal level mandates they are democratically granted.” He then added, “With that said, as a Canadian public company we believe that defending our private land and royalty interests sits within the core of our fiduciary mandate. We simply contend that a fundamental tenet of Canada’s rule of law principles upholds that, when such government actions have the tantamount effect of taking or expropriating established private property interests, offsetting compensation is required – a contention that we believe has now been clearly confirmed by the Supreme Court of Canada.”

[KMST]

Altius Provides 3rd Quarter 2022 Project Generation Update

Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius”, the “Company”, or the “Corporation”) is pleased to provide an update on its Project Generation (“PG”) business activities and its public junior equities portfolio. The market value of equities in the portfolio as of September 30, 2022 was $43.5 million, compared to $47.4 million as of June 30, 2022.

Portfolio and Project Highlights

Orogen Royalties Inc. (OGN: TSX-V) reported its Q2 2022 financial results highlighted by $960,000 in quarterly royalty revenue from its paying 2% net smelter return (“NSR”) royalty on the Ermitaño mine and announced other property sale agreements during the quarter. Altius and Orogen also announced an exploration alliance focused on generating gold projects similar to the Silicon gold project in the Walker Lane district of Nevada.

AbraSilver Resource Corp. (ABRA: TSX-V) continues to report favorable drill results and progress at their flagship Diablillos silver-gold project in Argentina including 127 metres (“m”) of 506 g/t Ag and 1.99 g/t Au representing the highest silver grade-thickness intercept from the deposit.

Callinex Mines Inc. (CNX: TSX-V) (“Callinex”) recently reported infill drill results of up to 33.67 m of 4.29% Cu, 0.22 g/t Au, 4.63 g/t Ag, and 0.31 % Zn, in addition to encouraging step out holes, from the Pine Bay Project near Flin Flon, Manitoba. Callinex continues to work towards reporting a maiden resource estimate for the Rainbow deposit. In addition to an equity stake in Callinex, Altius also retains a royalty buyback purchase right to a 0.5% NSR for $500,000 covering the Pine Bay Project.

Gungnir Resources Inc. (GUG: TSX-V) updated ongoing drilling progress from its Lappvattnet nickel sulphide project in Sweden that included an intercept of 2.14% Ni over 3.3 m.

High Tide Resources Corp. (HTRC: CSE) announced encouraging results from multiple drill holes on its ongoing drill program at its Labrador West Iron project, including 205.16 m of 32.06% Fe, as it works towards calculating a maiden resource estimate later this year.

Lara Exploration Ltd. (LRA: TSX-V) recently released results of seven follow-up drill holes from the Cupuzeiro target at the Planalto project in Brazil, highlighted by an intersection of 380.79 m of 0.53% Cu, including two zones of higher-grade mineralization: 78.81 m grading 1.08% Cu from 17.8 m, and 40.4 m at 1.31% Cu from 121.68 m downhole.

[KMST]

Altius Minerals (OTCPK:ATUSF) has renewed its normal course issuer bid to purchase up to 1,698,481 common shares at market price.
That represents ~3.56% of the 47.68M common shares issued and outstanding as of Aug. 10, 2022,

The bid, subject to regulatory approval, will likely commence on Aug. 22, 2022 and end no later than Aug. 21, 2023.
Any shares purchased during the NCIB will be cancelled and returned to treasury.
The TSX rules permit Altius (OTCPK:ATUSF) to purchase daily a maximum of 35,278 shares under the NCIB.

Under its current NCIB, the firm has purchased 537,700 shares through market purchases on the TSX at $16.81/share weighted average price. This bid commenced on Aug. 22, 2021 and will terminate on Aug. 21, 2022.

[KMST]

I love it...auf meinen Einstiegskurs bekomme ich, dank der erneuten 14% Erhöhung, hier mittlerweile 4,5% Dividende.
In 2 weiteren Jahren dürften das dann schon knapp 6% sein

[KMST]

Altius Reports Q2 2022 Attributable Royalty Revenue of $28.6M and Adjusted Earnings (1,2) of $10.6M

- Annual Dividend Increased to $0.32 per share

Altius Minerals Corp. (TSX: ALS; OTCQX: ATUSF) ("Altius" or the "Corporation") reports second quarter revenue of $27.4 million compared to $21.2 million for the same period in 2021. Q2 2022 attributable royalty revenue(1,2) of $28.6 million ($0.61 per share(1,2)) was 31% higher than the $21.9 million ($0.53 per share) reported for the comparable quarter in 2021. On a year-to-date basis, attributable royalty revenue of $54.1 million is higher by 36% compared to the $39.7 million reported for the six months ended June 30, 2021. These figures represent quarterly and six-month period revenue records for the Corporation, mainly based upon higher realized commodity prices.

Adjusted EBITDA(1,2) of $24.4 million or $0.52 per share(1,2) during Q2 2022 increased by 38% compared to $17.7 million or $0.43 per share during the prior year quarter. The adjusted EBITDA margin in the second quarter was 85% versus 81% in last year's comparable quarter. The Mineral Royalties segment had an EBITDA margin of 91% and 89% for the current and prior year quarters respectively. On a year-to-date basis, adjusted EBITDA of $48.0 million is up 49% from the year-over-year comparable adjusted EBITDA of $32.3 million. The increase in adjusted EBITDA follows the increase in attributable revenue but was partially offset by an increase in public company related expenses within the Renewable Royalties segment, as Altius Renewable Royalties Inc. completed its initial public offering in March 2021.

Q2 2022 adjusted operating cash flow(1,2) of $16.6 million or $0.35 per share(1,2) compares to $5.8 million or $0.14 per share in last year's comparable quarter. On a year-to-date basis, adjusted operating cash flow (1,2) of $30.8 million compares to $14.6 million for the six-month period ended June 30, 2021. Adjusted operating cash flow benefitted from increased revenues.

Adjusted operating cash flow does not include net cash proceeds or acquisition costs (sales minus new investments) related to the Corporation's Project Generation junior mining equities portfolio. During the quarter and year-to-date periods new Project Generation investments exceeded equity sales for a net cost of $1.2 million and $2.6 million respectively. In the same period in 2021, equity sales exceeded investments by $1.1 million and $3.7 million.

Net earnings of $8.7 million or $0.18 per share for Q2 2022 compares to net earnings of $14.5 million or $0.38 per share in Q2 2021. Adjusted net earnings per share(1,2) of $0.23 in the current quarter is consistent with Q2 2021. The main adjusting items in the second quarter of this year are $1.9 million ($0.04 per share) and $1.1 million ($0.02 per share) for unrealized losses on derivatives related to the revaluation of share purchase warrants on junior mining equities and foreign exchange revaluation. The prior year quarter was adjusted for gains related to associates and joint ventures, derivatives, sale of mineral properties and impairment charges.

Base and battery metals (primarily copper) revenue of $8.3 million for the quarter compares to $9.4 million reported for the second quarter of 2021 due to reduced attributable production volumes. Mine production at the 777 mine ended during the quarter upon the depletion of reserves, with small royalty payments expected for the balance of this year related to residual processing and sales. Revenue from Chapada in the second quarter and for the balance of the year reflects Lundin Mining's revised operating guidance announced in July 2022 which now targets copper production of 45,000 to 50,000 tonnes, compared to 52,019 tonnes in 2021. Early year rainfall levels were higher than usual, which had the effect of reducing production. Revenue from Voisey's Bay has been lower than 2021 both in the quarter and the first half of the year due to the ongoing transitional period between the depletion of the Ovoid mine and ramp-up to full production of the Voisey's Bay underground Reid Brook and Eastern Deeps operations and is in line with guidance provided by the operator. Adventus Mining and Salazar Resources reported during the quarter that they have received technical approval of their Environmental and Social Impact Assessment, a Certificate of Technical Feasibility for the construction of tailings and waste rock facilities, and a preliminary commitment with regard to an Investment Protection Agreement for the Curipamba - El Domo copper-gold project in Ecuador, which is subject to an Altius NSR royalty. Lundin Mining reported that it continues to aggressively advance its new high-grade Saúva discovery, which is located 15 km north of current mining operations at Chapada on lands subject to Altius's copper streaming agreement. A maiden resource estimate for the discovery is expected early in 2023 and Lundin has indicated that it will now include the potential for the incorporation of Saúva as part of its ongoing expansion studies.

Potash portfolio revenue during the quarter was $11.5 million, which compares to $4.5 million in the comparable quarter of 2021, reflecting significantly higher average realized prices as well as price reconciliation adjustments of $0.9 million related to 2021 sales. On a year-to-date basis, potash revenue of $21.4 million exceeds the $19.3 million revenue reported for the full year 2021. On June 9, 2022 Nutrien Ltd. announced plans to increase its potash production by approximately 5 million tonnes to approximately 18 million tonnes per annum, a 40% increase over 2020 levels, by 2025. Mosaic has reported that Esterhazy K3 reached its operating run rate target of 5.5 million tonnes per year at the end of the first quarter, and Mosaic plans to continue the optimization of the complex with the addition of three new underground mines over the next year, resulting in an incremental one million tonnes of production capacity.

Iron ore revenue in the form of dividends from Labrador Iron Ore Royalty Corp. (LIORC) was $2.9 million compared to $5.0 million in Q2 2021 largely due to higher sustaining and growth capital spending and lower declared equity dividends by the Iron Ore Company of Canada (IOC). LIORC serves as a pass-through vehicle for IOC production-based royalty revenues and equity dividends.

Thermal coal revenue of $4.5 million during the current quarter compared to $2.1 million during the second quarter of last year. The current quarter revenue included approximately $1.6 million as an adjustment to royalties received during 2021 and Q1 2022 that mainly relates to inflation-based rate escalation provisions of the Genesee royalty agreement.

Altius Renewable Royalties Inc. ("ARR") (ARR: TSX) released its Q2 2022 results on August 4, 2022 ARR Q2 2022 Results. The Corporation holds 59% of the common shares of ARR. ARR reported Q2 2022 attributable royalty revenue of US$0.7 million, which represents its 50% joint venture interest in Great Bay Renewables ("GBR"). The royalty revenue was generated mainly by Northleaf's Cotton Plains and Old Settler wind projects and Longroad Energy's Prospero 2 solar project, which are described in greater detail in the ARR MD&A and financial statements.

On May 4, 2022, ARR announced a US$32.5 million investment into a new global renewables platform, Bluestar Energy Capital LLC and its U.S. development subsidiary, Nova Clean Energy, LLC. Subsequent to quarter end, on July 29, 2022, the Corporation announced that GBR has entered into a US$40 million transaction with U.S. renewable energy developer Hodson Energy LLC ("Hodson"), to gain future royalties related to Hodson's portfolio of solar plus battery storage development projects.

Gold
AngloGold Ashanti continued an aggressive delineation and exploration focused program at its new Silicon Project gold discovery in Nevada, while Altius indicated during the quarter that it is considering various strategic alternatives for the 1.5% NSR royalty interest it holds over the project.

Additional information on the Corporation's results of operations and developments in its Project Generation division are included in the Corporation's MD&A and Financial Statements which were filed on SEDAR today and are also available on the Corporation's website at www.altiusminerals.com.

Capital Allocation Summary

The Corporation's capital allocation priorities are linked to its strategy of creating per share value growth through a portfolio of assets that relate to long-life, high margin operations while providing growing shareholder capital returns.

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") at an exercise price of $15 per common share in the capital of Altius (each, a "Common Share") for gross proceeds of $100 million. Fairfax elected to pay the exercise price of the Warrants by surrendering its $100 million Preferred Securities to Altius for cancellation, in full satisfaction of such exercise price. Altius now has no outstanding Warrants, Preferred Securities or resulting distribution obligations after this transaction, and Fairfax has become the holder of approximately 13.9% of Altius issued and outstanding common shares. The Corporation made interest and other payments of $2.1 million on closing.

During the quarter, the Corporation made scheduled debt repayments of $2.0 million and paid cash dividends of $3.2 million. The Corporation also expended during the period $1.9 million in the repurchase and cancellation of 100,000 shares under its Normal Course Issuer Bid. The Corporation drew down $10 million on its revolving credit facility during the quarter for the acquisition of investments.

On June 7, 2022 the Corporation funded a US$10 million investment in the form of common shares in Invert Inc. ("Invert"), a carbon streaming and investment company making investments in carbon credit projects and building a platform to place the credits with corporate and individual participants to reach their decarbonization objectives. This was part of a US$30 million financing, subscribed by pension funds and a combination of retail and institutional investors. This investment follows earlier transactions with Altius by way of a US$5 million secured convertible note this year and an equity investment of US$0.5 million funded in 2021.

Liquidity

Cash and cash equivalents at June 30, 2022 were $107.4 million, compared to $100 million at the end of 2021. Cash, excluding $79.7 million held by ARR, was $28 million. The value of publicly traded Project Generation business equity holdings was $47.4 million at June 30, 2022. The market value of LIORC shares was $90.4 million and the market value of ARR shares including the in-the-money value of share purchase warrants was $140 million.

Dividend Declaration

The Corporation's board of directors has declared an increased quarterly dividend of $0.08 per share, which represents a 14% increase over recent quarterly levels. The current quarterly dividend is payable to all shareholders of record at the close of business on August 31, 2022. The dividend is expected to be paid on or about September 15, 2022.

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.

[KMST]

Altius Reports Q1 2022 Expected Attributable Royalty Revenue

Altius Minerals Corp. (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") expects to report Q1 2022 annual attributable royalty revenue of $25.4 million, which compares to $17.8 million of attributable royalty revenue recorded in Q1 2021 and represents a new quarterly record for the Corporation.

Royalty Revenue Summary
Summary of attributable royalty revenue
(in thousands of Canadian dollars) Q1 2022 Q4 2021 Q1 2021
Base & battery metals

$ 9,955


$ 11,329


$ 7,627
Potash

9,901


6,907


4,072
Iron ore (1)

1,437


3,305


2,874
Thermal (electrical) coal

3,113


1,421


2,984
Renewable energy and other

967


493


203
Attributable royalty revenue

$ 25,373


$ 23,455


$ 17,760
See non-GAAP financial measures section of our MD&A for definition and reconciliation of attributable royalty revenue
(1) Labrador Iron Ore Royalty Corp. dividends received

Base and battery metal (primarily copper) revenue of $10.0 million for the quarter compares to $7.6 million reported for the first quarter of 2021, reflecting generally higher realized prices. Higher quarterly comparative sales volumes at Chapada were partially offset by lower sales volumes at 777, which were impacted by labour related rail availabilities during the quarter.

Potash portfolio revenue during the quarter was $9.9 million, which compares to $4.1 million in the comparable quarter of 2021, with the increase driven largely by significantly higher realized pricing and the continuing ramp up of production volumes from the K3 area of the Esterhazy mine.

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 $1.4 million, as compared with Q1 2021 iron ore revenue of $2.9 million. The decrease related to a lower equity dividend paid by IOC as it guided towards an increased annual sustaining and growth capital budget for the current year.

Thermal (electrical) coal revenue of $3.1 million during the current quarter compared to $2.9 million during the first quarter of last year reflecting higher production levels at a slightly higher inflation adjusted royalty rate.

Renewable energy and other royalty revenue included $0.8 million compared to $0.04 million in the same period last year related to the Corporation's 59% interest in Altius Renewable Royalties Corp.(ARR:TSX).

First Quarter 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 May 10, 2022 after the close of market, with a conference call to follow on May 11, 2022.

Date: May 11, 2022
Time: 9:00 AM ET
Toll Free Dial-In Number: [phone]
International Dial-In Number: [phone]
Conference Call Title and ID: Altius Q1 2022 Results, ID 9473914
Webcast Link: Q1 2022 Financial Results

[KMST]

Altius Announces Exercise of Warrants Held by Fairfax, Surrendering for Cancellation of Preferred Securities and Filing of Early Warning Report
April 14, 2022 07:55 AM Eastern Daylight Time
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is pleased to report that on April 14, 2022, Fairfax Financial Holdings Limited, through certain of its affiliates (collectively, “Fairfax”) exercised 6,670,000 common share purchase warrants (the “Warrants”) at an exercise price of $15 per common share in the capital of Altius (each, a “Common Share”) for gross proceeds of $100 million. In accordance with the terms of the Warrants and the preferred security indenture dated April 26, 2017 between the Corporation and TSX Trust Company (the “Indenture”) governing the Corporation’s 5% subordinate preferred securities (the “Preferred Securities”), Fairfax has elected to pay the exercise price of the Warrants by surrendering its $100 million Preferred Securities to Altius for cancellation, in full satisfaction of the exercise price payable in respect of the Warrants (the “Transaction”).

Fairfax becomes a 13.9% shareholder of #AltiusMinerals with exercise of warrants
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The Warrants and the Preferred Securities were originally issued on April 26, 2017. Prior to the Transaction, Fairfax directly or indirectly owned or controlled an aggregate of no Common Shares, 6,670,000 Warrants and $100 million Preferred Securities, which represented 13.94% of the issued and outstanding Common Shares as of April 14, 2022, on a partially diluted basis. Following the completion of the Transaction, Fairfax will directly or indirectly own or control 6,670,000 Common Shares, which represents 13.94% of the issued and outstanding Common Shares as of April 14, 2022, on a non-diluted basis, and Altius will have no outstanding Warrants, Preferred Securities or resulting interest distribution obligations. This investment will be reviewed on a continuing basis by Fairfax and Fairfax may in the future acquire or dispose of the Common Shares through the open market, privately or otherwise, as circumstances or market conditions warrant.

Brian Dalton, CEO of Altius stated, “We are very pleased to welcome Fairfax as a new major shareholder of Altius and to build upon the mutual success that has resulted from our relationship over the past five years. Fairfax’s original Preferred Security investment came at a very cyclically opportune time for our business and provided partial funding for several important long-term investments including our acquisition of a shareholding in Labrador Iron Ore Royalty Corporation, the purchase of LP units held by Liberty Mutual relating to our Saskatchewan potash royalties and early-stage business development funding for Altius Renewable Royalties. Each of these has ultimately resulted in excellent long-term growth benefits for Altius shareholders. We now look forward to continuing to build upon our relationship with Fairfax and are proud to have them as a major, long-term shareholder.”

Prem Watsa, Chairman and CEO of Fairfax stated, “We are very happy to transition our investment in Altius to that of a supportive long-term shareholder. During the period that we held Preferred Securities we watched the Corporation’s progress closely and viewed the benefits of its disciplined, counter-cyclical and long-term strategies unfold. The Corporation’s business model of collecting royalties from a wide range of long-lived properties producing copper, gold, nickel, iron ore, potash and renewable energy generates considerable upside in an inflationary environment without having to make any additional capital investment. Royalty growth comes from production growth as well as price increases, not to mention meaningful optionality from existing royalty interests in projects which are likely to come onstream in the next few years.”

[KMST]

Altius Resources Inc. Receives Shares and Royalty from Labrador Uranium Inc.
February 23, 2022 04:01 PM Eastern Standard Time

ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) reports that on February 22, 2022 Altius Resources Inc. (“Altius Resources”), a wholly owned subsidiary of the Corporation, completed its previously announced transaction with Labrador Uranium Inc. (“LUR”) and its parent company, Consolidated Uranium Inc. (“CUR”) (CUR:TSXV). LUR has accordingly acquired a 100% interest in the Central Mineral Belt Uranium-Copper Project and the Notakwanon Uranium Project in Labrador (the “Altius Projects”) from Altius in exchange for 8,000,000 common shares of LUR (the “Shares”) and a 2% gross overriding royalty on the Altius Projects.

Early Warning Disclosure