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Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) reported 2020 attributable royalty revenue of $67.5 million, down 14% from $78.1 million in 2019. Q4 2020 revenue reached a record $21.9 million, up 26% year-over-year. Adjusted EBITDA decreased 15% to $53 million, with an adjusted EBITDA margin of 78%. Operating cash flow climbed 8% to $47.5 million. The company is focusing on renewable energy investments, with a $67.6 million investment last year. A dividend of five cents per share was declared, payable on March 31, 2021.
Altius Resources Inc. announced its right to acquire 7,140,000 common shares of TRU Precious Metals Corp., representing approximately 19.9% of TRU's outstanding shares, as part of an option agreement. In exchange for the shares, TRU will receive the mineral claims known as Golden Rose. Additional shares will be issued to Altius over the next two years, contingent on TSXV approval. Altius’s strategy focuses on diversifying its royalty assets and aligning with global sustainability trends. The shares will be acquired for investment purposes.
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) announced its subsidiary, Altius Renewable Royalties Corporation (ARR), will begin trading on the Toronto Stock Exchange on February 26, 2021, under the symbol 'ARR'. The initial public offering (IPO) consists of 9,100,000 shares priced at C$11.00 each, raising C$100.1 million. Post-offering, Altius will own approximately 61% of ARR's shares. ARR focuses on long-term royalty investments in renewable energy, supporting the global transition to sustainable energy solutions.
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) expects to report record quarterly royalty revenue of approximately $21.9 million ($0.53 per share) for Q4 2020. This is an increase from $16.2 million in Q3 and $17.6 million in Q4 2019. Total expected royalty revenue for 2020 is $67.5 million ($1.62 per share), down from $78.1 million in 2019. Factors affecting revenue include higher commodity prices and increased ownership in coal royalties. Key segments include base metals ($6.8 million), potash ($3.0 million), thermal coal ($6.3 million), and iron ore ($5.2 million).
Altius Resources Inc., a subsidiary of Altius Minerals Corporation (TSX:ALS, OTCQX:ATUSF), has announced a subscription agreement to acquire 3,125,000 common shares of Wolfden Resources Corporation (TSXV:WLF) for $1,000,000, at a price of $0.32 per share. This acquisition, part of a non-brokered private placement, will increase Altius's ownership in Wolfden from 10.86% to approximately 12.63%, with potential post-exercise holdings rising to about 16.94%. Altius aims to enhance its investment portfolio while aligning with sustainability trends.
Altius Minerals Corporation (ALS:TSX) (ATUSF:OTCQX) announces its subsidiary, Altius Renewable Royalties Corp. (ARR), has filed a preliminary base PREP prospectus for an initial public offering (IPO) of Common Shares, led by TD Securities Inc. and Scotia Capital Inc. Proceeds will fund renewable energy royalty investments and corporate purposes. The IPO is expected to close in February 2021. ARR focuses on providing royalty-based financing to renewable power developers and intends to innovate financing solutions. No sale of securities will occur until a final prospectus is issued.
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) updates its Project Generation activities and public equities portfolio, noting a market value of $52.2 million as of December 31, 2020, up from $45.5 million in Q3 2020. The company generated $6.7 million in cash from sales in 2020. Portfolio companies raised approximately $150 million in financing, enhancing Altius's mineral project advancements. New projects include copper-silver and nickel sulphide explorations in Labrador and Argentina. Altius remains focused on diversifying its portfolio and creating shareholder value through royalties and equity interests.
Altius Minerals Corporation (ALS:TSX, ATUSF:OTCQX) has announced a significant update regarding its investment in Lithium Royalty Corporation (LRC). LRC secured a US$40 million investment from Riverstone Holdings, part of a broader US$70.7 million offering. Altius has committed an additional US$7.6 million, maintaining a 10% co-participation right for future LRC investments. LRC focuses on lithium mining royalties, having acquired royalties for projects in Australia, Brazil, and Argentina, including notable projects like Mount Cattlin and Grota do Cirilo, which promise substantial lithium production.
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) is pursuing legal action against the Canadian and Alberta governments regarding regulatory changes that mandate the end of coal-fired power generation by 2030. The lawsuit claims expropriation of its Genesee royalty asset. Altius's Statement of Claim was previously dismissed by the Alberta Court, but the company intends to appeal, asserting the decision misapplies expropriation law. Altius aims to create shareholder growth through a diversified portfolio focused on sustainable commodities, including copper and battery metals.
