ALTIUS RENEWABLE ROYALTIS - ATRWF STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

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.