Altius Minerals Corporation · TSX:ALS
Altius Minerals — Q3 2025 Earnings Presentation
10 slides from Altius Minerals's earnings presentation, Nov 12, 2025
Slide 1: Q3 2025 Financial Results Conference Call
TSX: ALS | OTCQX: ATUSF Q3 2025 Financial Results Conference Call Renewable Power | Clean Steel | Potash | Copper | G o l d | Lithium | Nickel | Cobalt
Slide 2: Forward Looking Statements
Forward Looking Statements This document includes certain statements that constitute “forward- In particular, the forward looking statements and information looking statements” and “forward-looking information” within the contained herein relating to past, present and future commodity prices, meanin
Slide 3: Q3 2025 and Outlook – Operating Portfolio
Q3 2025 and Outlook – Operating Portfolio Q3 Royalty revenue of $18M and $3.4M in interest and investment income, total of $21.4 million, reflecting higher attributable potash volumes and realized prices, higher Chapada copper stream deliveries. G&A of $5.0M in Q3 2025 includes one-time severance pa
Slide 4: Attributable Royalty Revenue by Quarter
Attributable Royalty Revenue by Quarter Revenue ($C) $30M Royalty Revenue Interest & Investment 0.6 25 0.8 20 0.7 3.4 0.9 4.7 1.1 15 1.1 1.2 1.0 0.6 25.6 0.7 0.6 22.3 10 19.8 16.9 18.1 15.3 15.6 14.3 13.5 14.2 13.7 12.8 12.1 5 0 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024
Slide 5: Strong Balance Sheet at Q3 2025
Strong Balance Sheet at Q3 2025 Cash at September 30, 2025 of $353 million, public equities valued at $69M (excluding LIORC, which has a value of $105M at Sept 30) $500M Debt PG Equities LRC Cash 400 300 200 100 0 2019 2020 2021 2022 2023 2024 Q3 2025 TSX: ALS | OTCQX: ATUSF |5
Slide 6: Adjusted Net Earnings – Q3 2025
Adjusted Net Earnings – Q3 2025 Adjusted net earnings of $7.7M or $0.17 per share after tax Net Earnings ($C) $264.7 ($261.5) ($5.0) $0.4 $9.1 $7.7 Net Earnings for Gain on sale of Foreign Revaluation Tax Impact (1) Adjusted Earnings Common Shareholders Royalty (After-tax) Exchange Impact of derivat
Slide 7: Positive Q3 Results in Project Generation
Positive Q3 Results in Project Generation Market value of portfolio at September 30, 2025 of $44 million Net monetization of $65 million during the quarter, primarily reflecting proceeds from Orogen and Triple Flag plan of arrangement Junior Equity Portfolio Net Monetization Holdings $65M $16M $15M
Slide 8: Arthur Royalty Investment
Arthur Royalty Investment Value Creation Crystallized – Continuing Growth Exposure Through Retained 0.5% Royalty The Arthur Gold project (and Altius’s original 1.5% royalty) was originated in 2014 as part of a generative exploration focused grubstake agreement between Renaissance Exploration and Cal
Slide 9: Capital Structure
Capital Structure Dividend per Share ($C/share) $0.38 Capitalization Table $0.36 $0.32 Issued Common Shares1 46,276,054 $0.30 Basic Market Capitalization1 $1.80 billion Cash2 $353 million $0.22 $0.20 PG Equities2 $44 million $0.19 $0.19 LIORC (TSX:LIF) Equity2 $105 million $0.13 $0.12 LRC (TSX:LIRC)
Slide 10: Q&A
Q&A