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Altius Minerals Corp (ATUSF) is a Canadian mining royalty company engaged in the acquisition and management of mineral resource assets. The company's core business involves generating royalties from mines across various commodities, including copper, nickel, and iron ore. Altius Minerals Corp has a diversified portfolio of royalty interests in mining projects globally, providing investors with exposure to the mining sector without the risks associated with direct ownership of mines. Recently, Altius Minerals Corp has reported strong financial performance, driven by robust commodity prices and successful royalty acquisitions. The company continues to focus on expanding its royalty portfolio through strategic partnerships and acquisitions, positioning itself for sustainable growth in the mining sector.
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Altius Minerals Corporation expects to report Q4 2023 attributable royalty revenue of $15.8 million and annual revenue of $73.7 million. The company saw decreases in base & battery metals, potash, and iron ore revenue, but increases in renewable energy and thermal coal revenue. The company's non-GAAP financial measures include attributable revenue, adjusted EBITDA, adjusted operating cash flow, and adjusted net earnings. The full financial results will be released on March 11, 2024, with a conference call scheduled for March 12, 2024.
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Altius Minerals Corporation (ALS) provides update on Project Generation business activities and public junior equities portfolio, with a market value of $45.1 million at December 31, 2023. The company made new cash-based investments of $1.6 million and received $2.8 million in shares from property sales agreements. The updated list of public equity holdings is available on the Altius website. Altius holds significant equity stakes in companies like Orogen Royalties, Adventus Mining Corp., Wolfden Resources Corp., Latitude Uranium Inc., AbraSilver Resource Corp., and Churchill Resources. The company also holds various royalties over projects in these companies' portfolios.
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Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) reports third quarter revenue of $15.2 million, a decrease from the same period in 2022. The decrease is attributed to lower potash prices and mine closures. Quarterly highlights include updates on various projects and ventures, such as lithium production, renewable energy growth, and coal-related revenue expectations.
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Altius Minerals Corporation expects to report Q3 2023 attributable royalty revenue of $17.9 million. Revenue for base & battery metals, potash, iron ore, renewable energy, thermal coal, and interest and other sources are provided. Notable changes include lower revenue for base & battery metals and potash compared to the same quarter in 2022, and the first lithium royalty revenue from Groto do Cirilo. The operator of the Genesee power plant plans to end coal usage by early next year.
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Altius Minerals provides update on Project Generation activities and junior equities portfolio
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Altius Minerals Corporation renews Normal Course Issuer Bid to purchase up to 4.21% of common shares at market price.
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Altius Minerals Corporation provides an update on its Project Generation business activities and public junior equities portfolio. The market value of equities in the portfolio decreased from $51.8 million to $41.8 million. Generative exploration activities are ramping up, and several new agreements are expected in the future. Approximately 300,000 meters of drilling is anticipated across the portfolio. Notable highlights include Orogen Royalties' acquisition of the Firenze gold project, Churchill Resources' financing for exploration work at Florence Lake Nickel project, Adventus Mining's advancements in engineering studies for El Domo project, AbraSilver Resource's favorable drill results at Diablillos project, Wolfden Resources' progress with the Pickett Mountain project rezoning application, Surge Copper's positive results from preliminary economic assessment for Ootsa project, and Archer Exploration's drilling at Grasset Nickel Project.
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FAQ
What is the current stock price of ALTIUS MINERALS (ATUSF)?
The current stock price of ALTIUS MINERALS (ATUSF) is $18.946 as of January 29, 2025.
What is the market cap of ALTIUS MINERALS (ATUSF)?
The market cap of ALTIUS MINERALS (ATUSF) is approximately 873.5M.
What is Altius Minerals Corp's core business?
Altius Minerals Corp is engaged in the acquisition and management of mineral resource assets, generating royalties from mines across various commodities.
How does Altius Minerals Corp generate revenue?
Altius Minerals Corp generates revenue by collecting royalties from mining projects globally, providing investors with exposure to the mining sector.
What commodities does Altius Minerals Corp have royalty interests in?
Altius Minerals Corp has royalty interests in commodities such as copper, nickel, and iron ore, among others.
What recent achievements has Altius Minerals Corp reported?
Altius Minerals Corp has reported strong financial performance, driven by robust commodity prices and successful royalty acquisitions.
How is Altius Minerals Corp expanding its royalty portfolio?
Altius Minerals Corp is expanding its royalty portfolio through strategic partnerships and acquisitions, positioning itself for sustainable growth in the mining sector.
ALTIUS MINERALS CORP
OTC:ATUSF
ATUSF Rankings
ATUSF Stock Data
873.50M
38.58M
19.08%
22.93%
Other Industrial Metals & Mining
Basic Materials
United States of America
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