Altius Minerals Corporation · TSX:ALS
Altius Minerals — Q1 2026 Earnings Presentation
10 slides from Altius Minerals's earnings presentation, May 13, 2026
Slide 1: Q1 2026 Financial Results Conference Call
TSX: ALS | OTCQX: ATUSF Q1 2026 Financial Results Conference Call Electricity | Potash | Lithium | C l e a n S t e e l | Copper | Gold | Nickel
Slide 2: Forward Looking Statements
Forward Looking Statements This document includes certain statements that constitute “forward- looking Many factors, events and uncertainties which may arise in the future could cause statements” and “forward-looking information” within the meaning of applicable these statements to differ materially
Slide 3: Q1 2026 and Outlook – Operating Portfolio
Q1 2026 and Outlook – Operating Portfolio Q1 royalty revenue of $26.8M (including $2.6M in interest income), compared to $15 million in Q1 2025, reflecting the first full quarter of lithium royalty revenue post- acquisition, higher electricity royalty revenue and strong base metals revenue including
Slide 4: Royalty Revenue Growth Inflection Beginning
Royalty Revenue Growth Inflection Beginning Medium-Term Spot Commodity Price Basis (as of May 8, 2026) Further Growth Potential2 Expected Royalty Revenue1 ($C) 2030-2035+ $250M Pipeline Royalties Other3 Arthur 200 Electricity Gold GdC Phase 3 150 Moblan Base Gunnison And 100 Battery Metals Adina 50
Slide 5: Electricity Royalties Ramp-Up
Electricity Royalties Ramp-Up Additional advanced stage royalty acquisitions expected to further drive growth trajectory GBR Revenue ($C)1 $80M $74M $66M $61M 60 $51M 40 $33M $24M 20 0 2025 2026 2027 2028 2029 2030 Late Stage Operator Deal Originated Early Stage Developer Deal Originated IX (net) Ad
Slide 6: LRC Acquisition Off to Strong Start
LRC Acquisition Off to Strong Start Pricing and asset volume growth announcements resulting in upward revision of revenue projections Lithium Revenue1 ($C) 100 93 $2,800/t SC6 (~ spot price) 85 79 80 60 $1,771/t SC6 52 (analyst consensus 2028 price forecast)3 40 26 63 52 55 20 34 6.5 19 0 20252 2026
Slide 7: Balance Sheet Strong After Closing LRC Acquisition
Balance Sheet Strong After Closing LRC Acquisition Cash at March 31, 2026 of $128 million 1, PG public equities valued at $70M (excluding LIORC, which has a value of $153M at March 31) 400 Debt PG + LRC Equity Holdings Cash 300 294 200 128 100 13 16 22 133 37 109 16 117 122 15 113 109 86 89 89 89 88
Slide 8: Positive Results in Project Generation
Positive Results in Project Generation Market value of portfolio at March 31, 2026 of $70 million Net investment of $0.6 million during Q1 After the quarter the Corporation completed equity investments in TNR Gold Corp. of $4.2 million and Blue Moon of $2.3 million Junior Equity Portfolio Net Moneti
Slide 9: Capital Structure
Capital Structure Dividend per Share ($C/share) $0.40 Capitalization Table $0.36 Issued Common Shares1 55,741,478 $0.32 $0.30 Basic Market Capitalization1 $3.2 billion Cash2,3 $128 million $0.22 $0.20 $0.19 $0.19 PG Equities2 $70 million LIORC (TSX:LIF) Equity2 $153 million $0.13 $0.12 $0.11 Term De
Slide 10: Q&A
Q&A