Slide 1: Corporate Presentation
TSX: ALS | OTCQX: ATUSF Diversified , Long-Life, Natural Resource Royalties Corporate Presentation April 15, 2026 Electricity | Potash | Lithium | Clean Steel | Copper | Gold | Nickel
Slide 2: Forward Looking Statements
Forward Looking Statements This document includes certain statements that constitute “forward- Qualified Person looking statements” and “forward-looking information” within the Lawrence Winter, Ph.D., P.Geo., Vice President, Generative and meaning of applicable securities laws (collectively, “forwar
Slide 3: Balance, Diversity & Longevity
Balance, Diversity & Longevity Large Resources and Geopolitical Advantages Amplify New Build and Expansion Optionality Other Other Gold 4% 6% Potash 8% 18% Electricity South 13% America 23% Altius Consensus Canada Consensus Iron Ore Jurisdiction 46% 15% NAV NAV Base & Battery USA Metals 25% 42% Rema
Slide 4: Disciplined, Counter-Cyclical Investment Track Record
Disciplined, Counter-Cyclical Investment Track Record Past Receipts + Consensus Discounted Future Cash Flows Relative to Purchase Price Investments1 $14 Investments $77 Voisey’s Bay Chapada 2003 Acquisition 2016 Acquisition Returns $43 $12 3.9x Returns $118 $155 3.5x Net Revenue NAV Net Revenue NAV
Slide 5: Leading Royalty Revenue Growth Profile
Leading Royalty Revenue Growth Profile Potential For Up to 3x Increase Over Next 5 Years From 2025 Baseline Spot 3.0x 2.0x Consensus 1.0x 2025 0.0x Base 2026 2027 2028 2029 2030 2031+ Mariana/Goulamina Curipamba Neves Saúva Tres Qua. Phase 2 Arthur Grota do Cirilo GdC Phase 2 Mariana Phase 2 Kami Tr
Slide 6: Potash Market - Steady Compounding Demand Growth
Potash Market - Steady Compounding Demand Growth While Royalty Mines also Gaining Market Share (Now 24% of Global Supply) Global Potash Demand Growth Operator Potash Growth 135 Mt 140Mt 20Mt Actual Global Demand LT Growth Trend (2.4% CAGR) 17 120 106Mt 16 15 15 15 15 16 2026E: 74-77Mt 15 15 100 14 M
Slide 7: High-Purity Iron Ore
High-Purity Iron Ore Portfolio Well Positioned Altius well positioned to benefit from increasing demand for high- purity iron through its Labrador Trough based iron ore royalty interests Champion/Nippon/Sojitz Kami project (Altius 3% GSR royalty) DFS IOC Rail and permitting processes underway target
Slide 8: Base Metals
Base Metals Chapada District Contained Copper Resource & Reserve1 (Mlbs) Chapada Reserve Chapada Measured & Indicated Sauva Measured & Indicated Depletion +2 Blbs Sanctioning of development of the recently discovered Saúva deposit within the Chapada project expected in 1,597Mlbs H2, 2026 - with sign
Slide 9: Lithium Royalty Corp. Transaction Adds Meaningful Revenue Growth Potential
Lithium Royalty Corp. Transaction Adds Meaningful Revenue Growth Potential $2,000/t SC6 Illustrative Price Basis (current spot ~$2,200/t) Expected Lithium Revenue1 ($C) Ramp Ups New Builds / Expansions 80 71 $2,000/t 60 58 54 40 38 21 20 0 2026 2027 2028 2029 2030 Goulamina Neves 3Q Phase 2 Mariana
Slide 10: Electricity Generation Royalties
Electricity Generation Royalties Power Purchase Agreement Price Trends Strong Power Demand Growth in US Market Wind 73.73 Blended Diversified portfolio of operating, construction and development stage assets across key US 67.70 power regions held through a joint venture partnership (GBR) that includ
Slide 11: Arthur Gold Royalty
Arthur Gold Royalty Value Creation Crystallized – Continuing Growth Exposure Altius’s sold 2/3 of its original 1.5% NSR royalty Arthur royalty to Franco-Nevada for ~C$375 million vs, original US$300,000 investment). Since closing of the sale to FNV a greater degree of certainty concerning the distri
Slide 12: Project Generation (PG) Business Differentiator
Project Generation (PG) Business Differentiator Royalty Creation while Profiting from Exploration In-house technical team invests directly and indirectly in exploration to create junior equity positions and royalties. Profitably manages resulting junior equities portfolio. Creates long-term royalty
Slide 13: Balance Sheet Remains Strong Post LRC Transaction Announcement
Balance Sheet Remains Strong Post LRC Transaction Announcement Altius Liquidity Post Transaction 3 Altius Share Structure LRC Acquisition2 140 Altius Shares - Previous 46,285,577 Revolver1 188 Transaction 7 New Shares1,2 9,630,177 Fees Repurchased shares under NCIB -226,900 188 Altius Shares – Curre
Slide 14: Capital Structure
Capital Structure Dividend per Share ($C/share) $0.40 Capitalization Table $0.36 Issued Common Shares1 55,733,461 $0.32 $0.30 Basic Market Capitalization1 $2.89 billion Cash2 $294 million $0.22 PG Equities2 $49 million $0.19 $0.19 $0.20 LIORC (TSX:LIF) Equity3 $154 million $0.13 Term Debt2 $89.3 mil