Altius Minerals Reports Q2 2026 Expected Record Attributable Revenue(1)

About this update from Altius Minerals Corporation

All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN’S, Newfoundland and Labrador / Jul 20, 2026 / Business Wire / Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expects to report Q2 2026 record attributable royalty revenue(1) of approximately $30.0 million compared to $12.7 million in Q2 2025. Royalty Revenue Summary Summary of attributable royalty revenue(1)   Q2 2026   Q1 2026   Q2 2025 Base metals   $ 9,425   $ 9,103   $ 4,633 Potash     5,036     4,507     4,115 Lithium     6,434     5,429     61 Iron ore#     1,562     1,562     1,122 Electricity##     6,066     3,594     2,100 Interest and other     1,474     2,573     638     $ 29,997   $ 26,768   $ 12,669 (#) Labrador Iron Ore Royalty Corporation dividends received (##) Effective 29% interest in renewable royalty revenue Base metals (primarily copper) revenue of $9.4 million for the quarter reflects higher realized copper and nickel prices and timing of copper stream deliveries from Chapada. The Corporation's preliminary cost of sales for the Chapada copper stream, excluding any depletion, is $2.6 million for Q2 2026. Potash portfolio revenue during the second quarter of $5.0 million reflects higher realized prices and volumes. Lithium revenue of $6.4 million reflects our increased ownership following the acquisition of Lithium Royalty Corp. in Q1 2026 as well as price improvements and ongoing operational ramp ups and mining resumptions by several operators. Iron ore royalty revenue in the form of dividends from Labrador Iron Ore Royalty Corp. ("LIORC"), which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of Canada ("IOC"), was $1.6 million for the quarter and comparable to recent periods that have been characterized by limited equity dividends as IOC continues to make investments to improve operational performance. Electricity royalty revenue of $6.1 million for the quarter reflects the continuing ramp up of operational stage portfolio projects including first production from Sequoia I as well as $3.3 million in interest and investm...

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