Altius Minerals Corporation · TSX:ALS
Altius Minerals — Merger or Acquisition (July 2026)
10 slides from Altius Minerals's merger presentation, Jul 10, 2026
Slide 1: ARR Acquisition to form 50/50 JV with Northampton Capital Partners
TSX: ALS | OTCQX: ATUSF ARR Acquisition to form 50/50 JV with Northampton Capital Partners July 10, 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- 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: Summary Transaction Terms
Summary Transaction Terms Altius Minerals and Northampton each increase effective interest in GBR to 50% Altius position increases from an effective 29% interest to 50% Altius funding from existing liquidity with expected closing in late interest July Altius purchase price of approximately US$168 mi
Slide 4: GBR Portfolio Overview
GBR Portfolio Overview Establishing scale and diversity Development, Solar Operating GBR Royalty Assets 2.0 GW 3.3 GW 8.7 GW Under Royalty Development, Wind 1.8 GW Construction 1.6 GW Diversified portfolio of operating, construction and development Additional GBR revenue streams developed through fi
Slide 5: Increasing Exposure to Growing Revenue Profile
Increasing Exposure to Growing Revenue Profile Additional advanced stage royalty acquisitions expected to further drive growth trajectory $100M GBR Revenue ($C)1 100% GBR Basis (Altius 50% post closing of transaction) $88M $84M $80M 80 60 $54M 40 $39M $27M 20 0 2025 2026 2027 2028 2029 2030 Late Sta
Slide 6: GBR Revenue Inflection
GBR Revenue Inflection Royalty financing model has gained acceptance by some of sector’s most sophisticated participants Since its co-founding by Altius and the GBR management team in 2018, GBR has successfully created adoption of the royalty financing model within the US power generation sector |6
Slide 7: Strong US Electricity Market Tailwinds Developing
Strong US Electricity Market Tailwinds Developing Combining with steady market share gains for GBR sub-sector focus areas Total US power generation has increased by 10% over the past 20 years but is on track to grow by 60% over the next 20 years Renewables based generation has grown market share fro
Slide 8: Contracted (PPA) Pricing Benefiting From Strong Industrial Demand
Contracted (PPA) Pricing Benefiting From Strong Industrial Demand Merchant exposure represents approximately 25% of the GBR Royalty portfolio in 2026 Power Purchase Agreement Price Trends Prices established under Power Purchase Agreements (PPA) between industrial end users and renewable operators ha
Slide 9: Pro-Forma Altius Royalty Revenue Growth Profile
Pro-Forma Altius Royalty Revenue Growth Profile Medium-Term Spot commodity price basis (as of July 6, 2026) Further Growth Potential2 Expected Royalty Revenue Growth Potential1 ($C) 2030-2035+ $250M Pipeline Royalties Other3 Arthur 200 Electricity GdC Phase 3 Gold 150 Moblan Base Gunnison 100 And Ba
Slide 10: Balance, Diversity & Longevity
Balance, Diversity & Longevity Large resources and geopolitical advantages amplify new build and expansion optionality Gold Other Potash 6% 11% 14% Canada Electricity Iron Ore 32% 24% South Analyst 13% Consensus America Consensus 25% Jurisdiction NAV1 NAV Base & Battery Metals USA 42% 32% Remaining