Altius Reports Q2 2023 Expected Attributable Royalty Revenue(1) of $18.7 million - Seite 2

Base and battery metal (primarily copper) revenue was $4.8 million for the quarter. Differences relative to the prior year comparable quarterly period reflect the scheduled closure of the 777 mine in Q2 of 2022 and lower realized pricing at Chapada.

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 $2.4 million.

Thermal (electrical) coal revenue during the quarter was $2.6 million. The prior year comparable quarter included approximately $1.6 million by way of a retroactive adjustment to royalties received during 2021 and Q1 2022.

Renewable energy royalty revenue of $1.3 million relates to consolidation of the Corporation's 58% interest in Altius Renewable Royalties Corp. and reflects continued ramp up of portfolio production, which was partly offset by lower average realized prices.

Second Quarter 2023 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 August 8, 2023 after the close of market with a conference call to follow on August 9, 2023.

Date: August 9, 2023
Time: 9:00 AM ET
Toll Free Dial-In Number: ([phone]
International Dial-In Number: ([phone]
Conference Call Title and ID: Altius Minerals Corp Q2 2023 Financial Results, ID 46475901
Webcast Link: Q2 2023 Financial Results

Non‐GAAP financial measures
1.		Attributable royalty revenue is a non‐GAAP financial measure. Management uses non-GAAP financial measures to monitor the financial performance of the Corporation and its operating segments and believes these measures enable investors and analysts to compare the Corporation’s financial performance with its competitors and/or evaluate the results of its underlying business. These measures are intended to provide additional information, not to replace International Financial Reporting Standards (IFRS) measures, and do not have a standard definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. As these measures do not have a standardized meaning, they may not be comparable to similar measures provided by other companies. Further information on the composition and usefulness of each non-GAAP financial measure, including reconciliation to their most directly comparable IFRS measures, is included in the non-GAAP financial measures section of our MD&A. which are available at https://www.altiusminerals.com