Business
Altius Minerals Reports Q1 2025 Attributable Royalty Revenue of $15.0M and Adjusted Earnings(1) of $2.4M
All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland / May 13, 2025 / Business Wire /
About this update from Altius Minerals Corporation
[{"type":"text","content":"All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland / May 13, 2025 / Business Wire / Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports first quarter 2025 revenue of $12.6 million compared to $13.9 million in Q1 2024. Attributable royalty revenue(1) of $15.0 million ($0.32 per share(1)) compares to $15.4 million ($0.33 per share) reported in Q1 2024. Operating Royalty Portfolio Performance Summary of attributable royalty revenue Q1 2025 Q4 2024 Q1 2024 Base and battery metals $ 6,840 $ 3,167 $ 5,344 Potash 3,894 4,934 5,130 Renewable energy (1) 1,648 1,807 1,935 Iron ore (2) 1,870 2,805 1,683 Interest and investment (1) 703 809 1,327 Attributable royalty revenue $ 14,955 $ 13,522 $ 15,419 (1) ARR and GBR amounts are presented at their effective ownership percentages of 57% and 29%, respectively (2) Labrador Iron Ore Royalty Corporation dividends Highlights Subsequent to the quarter on April 22, 2025 it was announced that Orogen Royalties Inc. (“Orogen”), of which the Corporation is a major shareholder with 39,557,959 Orogen shares or 19.6% ownership, announced a definitive agreement with Triple Flag Precious Metals Corp. (“Triple Flag”) whereby Triple Flag will acquire all of the issued and outstanding common shares of Orogen for total consideration of approximately $421 million or $2.00 per Orogen share, comprised of approximately $171.5 million in cash, $171.5 million in Triple Flag shares, and shares of a new company (“Orogen Spinco”) with an implied value of approximately $78 million. Orogen, a project generation and royalty company, holds a 1% NSR royalty relating to the Expanded Silicon Project as its key asset. Altius also directly holds a separate 1.5% NSR royalty relating to the project. The agreement with Triple Flag is expected to close during the third quarter. Lundin Mining Corporation (“Lundin”), in a Technical Report dated February 19, 2025, reported an open-pit Indicated Mineral Resource of 249.9 Mt at 0.29% copper and 0.16 g/t gold (714 kt or 1.57 Blbs of copper) and an undergr...