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ALTIUS RENEWABLE ROYALTIS - ATRWF STOCK NEWS

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ALTIUS RENEWABLE ROYALTIES (symbol: ATRWF) is a leading royalty company focused on renewable energy projects. They provide capital to help develop, construct, and operate clean energy assets worldwide. With a strong portfolio of solar, wind, hydro, and energy storage projects, Altius Renewable Royalties is committed to driving sustainable energy solutions. Their innovative approach to financing and partnership with top industry players sets them apart in the renewable energy sector.

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Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) announced that all resolutions presented at its May 22, 2024 Annual and Special Meeting of Shareholders were approved. A record high of 89.7% of total common shares, equating to 27,606,034 shares, were voted.

Key resolutions included the appointment of Deloitte LLP as auditors with 99.997% approval and the election of directors Earl Ludlow, Karen Clarke-Whistler, David Bronicheski, Anna El-Erian, and André Gaumond, all receiving over 99% approval. Other resolutions such as Say on Pay and unallocated entitlements under LTIP were also passed with over 99% approval.

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Altius Renewable Royalties Corp. reported strong financial results for Q1 2024, with a 145% increase in royalty revenue compared to the same period in 2023. The net loss was $0.2 million, proportionate revenue was $3.6 million, adjusted EBITDA was $2.5 million, and adjusted operating cash flow was $0.6 million. GBR joint venture's revenue growth was driven by non-recurring events like project sales proceeds and escrow releases. Despite increased revenues, there were also higher costs due to losses in equity investments. GBR announced new royalty investments and maintained annual revenue guidance for 2024. The holds significant cash and liquidity for future investments.

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Altius Renewable Royalties Corp. expects to report Q1 2024 proportionate royalty revenue of $2.5 million, a significant increase from $1.0 million in Q1 2023. Revenue growth is driven by royalties from 11 operating projects, including Canyon Wind. Additional revenue comes from the Titan Solar transmission upgrade and Hexagon project sales. GBR anticipates continued growth with 895 MWs of projects under construction. The CEO highlights the attractive market conditions for future investments. A conference call and webcast will discuss financial results on May 3, 2024.
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Altius Renewable Royalties (TSX:ARR) reports its joint venture, Great Bay Renewables, has entered into a $10.1 million interconnection support facility to assist Hexagon Energy. The facility will fund interconnection deposits for six solar projects, part of Hexagon's 7.0 GW portfolio, with Great Bay receiving future royalties.
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Altius Renewable Royalties Corp. (ATRWF) reports strong financial results for Q4 and year-end 2023, with significant revenue and cash flow growth. The joint venture, Great Bay Renewables, saw a 44% increase in royalty revenue and 89% increase in operating cash flows. The company's net loss for 2023 was $1.1 million, with proportionate revenue of $7.9 million. ARR entered into a $30 million royalty investment with Apex Clean Energy for the Angelo Solar project in Texas. The company holds cash of $88.7 million and expects renewable royalty revenue of $13.0 to $16.0 million for 2024.
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Altius Renewable Royalties (ARR) reports a $30 million royalty investment by Great Bay Renewables in Apex Clean Energy's Angelo Solar project. The project is expected to be operational in May 2024 and will be sold to Meta under an environmental attribute purchase agreement.
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Altius Renewable Royalties Corp. expects to report Q4 2023 proportionate royalty revenue of $1.3 million, a significant increase from the $0.9 million recorded in Q4 2022. On a full year basis, proportionate royalty revenue increased to $5.2 million from $3.7 million in 2022. The company's 50% ownership interest in Great Bay Renewables contributed to these figures. However, GBR's royalty revenue of $10.4 million for 2023 fell short of the guidance of $11.5 million to $13.5 million due to a delayed escrow release from Titan Solar. The CEO of GBR, Frank Getman, expressed optimism for 2024, citing a successful 2023 and new investment liquidity in the renewables market. The PR also announces the details of the Q4 and Year End 2023 Financial Results Conference Call and Webcast.
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Altius Renewable Royalties Corp. (ARR) reported its financial results for Q3 2023, with $3.9 million in royalty revenue for its joint venture Great Bay Renewables (GBR), compared to $3.2 million in Q3 2022. GBR's operating cash flows were $1.7 million in Q3 2023, down from $1.8 million in Q3 2022. For the nine months ended September 30, 2023, GBR recorded $7.8 million in royalty revenue, compared to $5.6 million in the same period in 2022. ARR reported a net loss of $0.7 million for the quarter, with proportionate revenue of $2.5 million and adjusted EBITDA of $1.5 million. The company's cash position at the end of September 2023 was $37.8 million.
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Altius Renewable Royalties Corporation (ARR) announces that its subsidiary, Great Bay Renewables, has secured $247 million in senior secured credit financing agreements. The financing includes an initial term facility of $123.5 million, a delayed draw term facility of $100 million, and a letter of credit facility of $23 million. MUFG Bank and Natixis CIB are the lead arrangers and bookrunners. The funds will be used for closing costs, return of capital, and future royalty investments.
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Altius Renewable Royalties Corp. expects to report Q3 2023 proportionate royalty revenue of $1.9 million, reflecting a increase from the previous year. The revenue increase is attributed to higher summer temperatures and increased power demand and prices. The company remains confident in achieving its revenue guidance for 2023. Financial results will be announced on November 6, 2023, with a conference call and webcast scheduled for November 7, 2023.
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FAQ

What is the current stock price of ALTIUS RENEWABLE ROYALTIS (ATRWF)?

The current stock price of ALTIUS RENEWABLE ROYALTIS (ATRWF) is $8.56 as of October 15, 2024.

What is the market cap of ALTIUS RENEWABLE ROYALTIS (ATRWF)?

The market cap of ALTIUS RENEWABLE ROYALTIS (ATRWF) is approximately 264.2M.

What is ALTIUS RENEWABLE ROYALTIES focused on?

ALTIUS RENEWABLE ROYALTIES is a leading royalty company focused on renewable energy projects.

What kind of projects does ALTIUS RENEWABLE ROYALTIES support?

They provide capital to help develop, construct, and operate clean energy assets worldwide.

What is the portfolio of ALTIUS RENEWABLE ROYALTIES composed of?

Altius Renewable Royalties has a strong portfolio of solar, wind, hydro, and energy storage projects.

What sets ALTIUS RENEWABLE ROYALTIES apart in the renewable energy sector?

Their innovative approach to financing and partnership with top industry players.

How does ALTIUS RENEWABLE ROYALTIES contribute to sustainable energy solutions?

ALTIUS RENEWABLE ROYALTIES is committed to driving sustainable energy solutions through their projects.

What is the symbol for ALTIUS RENEWABLE ROYALTIES on the stock market?

ATRWF is the symbol for ALTIUS RENEWABLE ROYALTIES on the stock market.

Where does ALTIUS RENEWABLE ROYALTIES operate?

ALTIUS RENEWABLE ROYALTIES operates worldwide in various regions to support clean energy projects.

What is the mission of ALTIUS RENEWABLE ROYALTIES?

To provide capital for the development, construction, and operation of clean energy assets globally.

Who are some of the key partners of ALTIUS RENEWABLE ROYALTIES?

ALTIUS RENEWABLE ROYALTIES partners with top industry players in the renewable energy sector.

How does ALTIUS RENEWABLE ROYALTIES drive innovation in the industry?

Through their innovative financing approach and collaborations with industry leaders.

ALTIUS RENEWABLE ROYALTIS

OTC:ATRWF

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ATRWF Stock Data

264.17M
12.48M
59.48%
21.76%
Utilities - Renewable
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