Business
Altius Minerals Reports Q2 2025 Attributable Royalty Revenue of $12.7M and Adjusted Earnings(1) of $1.6M
All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland and Labrador / Aug 11, 2025 / Bus
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 and Labrador / Aug 11, 2025 / Business Wire / Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports its Q2 2025 revenue of $9.8 million compared to $19.5 million in Q2 2024. Attributable royalty revenue(1) of $12.7 million ($0.27 per share(1)) compares to $20.4 million ($0.44 per share) reported in Q2 2024. The current quarter reflects lower attributable potash volumes and lower dividends from iron ore partially offset by higher base metal prices. Revenue in Q2 2024 included additional investment income of $3.6 million related to settlement of a loan receivable. Operating Royalty Portfolio Performance Summary of attributable royalty revenue Q2 2025 Q1 2025 Q2 2024 Base and battery metals $ 4,694 $ 6,840 $ 5,474 Potash 4,115 3,894 4,755 Renewable energy (1) 2,100 1,648 1,219 Iron ore (2) 1,122 1,870 4,114 Interest and investment (1) 638 703 4,806 Attributable royalty revenue $ 12,669 $ 14,955 $ 20,368 (1) ARR and GBR amounts are presented at their effective ownership percentages of 57% and 29%, respectively (2) Labrador Iron Ore Royalty Corporation dividends Quarterly Highlights & Subsequent Events Lundin Mining Corporation (“Lundin”) continues to delineate its Saúva copper-gold deposit discovery, located 15 kilometers north of the Chapada Mine on lands encompassed by our copper stream interest. Lundin recently provided an update with respect to preliminary plans to incorporate higher grade Saúva ore into its current mining and milling operations at Chapada, while indicating that this could result in an approximately 50% increase in annual copper production. Permitting and technical work is ongoing to further define the project and a pre-feasibility study is anticipated to be completed by the end of this year. Both operators of Altius's potash royalty mines have reported strong first half sales and indicated expectations for record global potash demand in 2025 in addition to firmer pricing while noting reported production constraints as...