Altius Reports Q2 2026 Attributable Royalty Revenue of $30.0M and Adjusted Earnings(1) of $7.6M

About this update from Altius Minerals Corporation

All table references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated ST. JOHN'S, Newfoundland and Labrador, August 10, 2026 --( BUSINESS WIRE )-- Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) ("Altius" or the "Corporation") reports its second quarter revenue of $23.2 million compared to $9.8 million in Q2 2025. Net earnings of $8.6 million ($0.16 per share) compared to net earnings of $5.5 million ($0.12 per share) in Q2 2025. Q2 2026 attributable royalty revenue(1) of $30.0 million ($0.53 per share(1)) compares to $12.7 million ($0.27 per share) reported in Q2 2025. Royalty revenue reflects higher realized prices, timing of copper stream deliveries, the addition of four operating lithium royalties, as well as higher electricity royalty revenue. Operating Royalty Portfolio Performance Adjusted EBITDA(1) of $23.3 million ($0.42 per share) compares to $7.5 million ($0.16 per share) in Q2 2025. Adjusted operating cash flow(1) for the second quarter of 2026 was $14.0 million ($0.26 per share) compared to adjusted operating cash flow of $4.7 million ($0.10 per share) in Q2 2025 reflecting higher royalty receipts and interest income offset by higher tax payments and working capital changes. Net earnings reflect higher revenues and higher expenses including costs of sales, general and administrative, share based compensation and amortization. In Q2 2025 tax recoveries from recognition of certain tax losses positively impacted net earnings. Adjusted net earnings per share(1) of $0.14 is higher than $0.03 per share reported in Q2 2025. The main adjusting items are summarized in the table below: Stock based compensation expense of $4.4 million has not been adjusted in the table above however the expense is higher in the current quarter due to the performance of the Corporation's share price. Quarterly Highlights Royalty Growth Updates Subsequent Events Liquidity and Capital Allocation Summary Cash and cash equivalents at June 30, 2026 were $143 million, compared to $294 million at the end of 2025. At June 30, 2026 the approximate market value of various public equity holdings included: During the quarter the Corporation made term debt repayments of $2.0 million, paid cash dividends of $5.2 million and issued 6,742 shares under the dividend reinvestment plan. At June 30, 2026 the Corporation carried a balance of $87.1 million under its term debt facilities which was subsequently transferred to the amended revolving facility. Dividend Declaration The Corporation's board of directors has declared an increased quarterly dividend of $0.11 per share, which represents a 10% increase over recent quarterly amounts, payable to all shareholders of record at the close of business on August 28, 2026. The dividend is expected to be paid on or about September 15, 2026. This dividend is eligible for payment in common shares under the Dividend Reinvestment Plan (DRIP) announced by press release May 20, 2020, and available to shareholders who are Canadian residents or residents of countries outside the United States. In order to be eligible to participate in respect of the September 15, 2026 dividend, non-registered shareholders must provide instruction to their brokerage and registered shareholders must provide completed enrollment forms to the transfer agent by August 21, 2026, five business days prior to record date. Stock market purchases made under the DRIP for the September 15, 2026 payment will be satisfied by issuance from treasury at the 5 day volume weighted average price ending at the close of trading the day before payment date. Shareholders who have already provided instruction to be enrolled previously will continue to be enrolled unless they direct otherwise. For more information, please see Altius Minerals Corporation Dividend Reinvestment Plan . Participation in the DRIP is optional and will not impact any cash dividends payable to shareholders who do not elect to participate in the DRIP. The declaration, timing and payment of future dividends will largely depend on the Corporation's financial results as well as other factors. Dividends paid by Altius on its common shares are eligible dividends for Canadian income tax purposes unless otherwise stated. Non GAAP Financial Measures Second Quarter 2026 Financial Results Conference Call and Webcast Details Date: August 11, 2026 Time: 9:00 AM EDT Toll Free Dial-In Number: +1-800-717-1738 International Dial-In Number: +1-289-514-5100 Conference Call Title and ID: Altius Minerals Q2 2026 Financial Results, ID 79327 Webcast Link: Q2 2026 Financial Results Conference Call URL (without operator assistance)1 : Conference Call About Altius Altius's strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership. These macro-trends each hold the potential to cause higher demand for many of Altius's commodity exposures including potash, high purity iron ore, electricity, base metals, and gold. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for royalties and that has a demonstrated track record of driving outsized direct returns from its overall royalty investment portfolio. Altius has 58,748,220 common shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is a member of the S&P/TSX Composite, S&P/TSX Global Mining Indices and the S&P/TSX Canadian Dividend Aristocrats Index. Forward-looking information This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Altius believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulations. View source version on businesswire.com: https://www.businesswire.com/news/home/20260810661066/en/ Contacts For further information, please contact: Flora Wood Email: [email protected] Tel: 1.877.576.2209 Direct: +1(416)346.9020 Stephanie Hussey Email: [email protected] Tel: 1.877.576.2209

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