ALTIUS MINERALS CORP - ATUSF STOCK NEWS

Adia Resources has applied for three Mineral Exploration Licences in Manitoba, expanding its land position to 145,000 hectares. The new licences target potential for lithium, rare earth elements (REE), and gold. Historical data indicates significant lithium-bearing pegmatite occurrences nearby, including a notable 1.59% Li₂O concentration. The Cinder Lake complex on the Lynx property may also host critical REE mineralization, while the surrounding area shows promising gold prospects. Adia aims to explore its multi-commodity potential, seeking partners to advance exploration. The company is backed by its largest shareholder, Altius Minerals Corp (ATUSF).

Altius Minerals Corporation (TSX: ALS, OTCQX: ATUSF) anticipates a record 2022 annual attributable royalty revenue of $103.3 million, representing a 23% increase from $83.9 million in 2021. The fourth quarter's revenue is expected to be $23.0 million, slightly down from $23.4 million in Q4 2021. Significant revenue growth in potash (up 115% to $41.4 million) is noted, while base and battery metals revenue fell 22% to $28.5 million. Iron ore revenue declined 38% to $10.7 million. A conference call regarding the full financial results is set for March 8, 2023.

Altius Minerals Corporation (TSX: ALS, OTCQX: ATUSF) reported its Project Generation activities and public equity portfolio update. As of December 31, 2022, the market value of the junior equities portfolio was $50.3 million, up from $43.5 million in September 2022. New investments totaled $5.4 million, while public equity sales reached $3.4 million. Altius made strategic investments in Gungnir Resources, Marimaca Copper, and others. The company also noted continued drilling activity across projects with a combined length of approximately 320,000 meters in 2022. CEO Brian Dalton remains optimistic about future commodity demand.

Altius Renewable Royalties Corp. (OTCQX: ATRWF) has completed a bought deal public offering of 3,900,000 common shares at C$9.00 each, generating C$35,100,000 in proceeds. The offering, led by TD Securities and Cormark Securities, includes an over-allotment option for an additional 585,000 shares. Proceeds will fund a 50% investment in Great Bay Renewables' Titan Solar project. Altius Minerals purchased 2,298,700 shares to maintain its ownership stake, now at approximately 59% of outstanding shares.

Altius Minerals Corporation (ATUSF) reported Q3 2022 revenue of $25.9 million, up from $20.4 million in Q3 2021, with attributable royalty revenue of $26.2 million. Year-to-date royalty revenue reached $80.3 million, a 33% increase from last year. Adjusted EBITDA was $23.7 million, representing a 46% year-to-date growth. Potash revenue surged to $10.3 million, while base metals revenue declined to $5.5 million. The company declared a quarterly dividend of $0.08 per share, payable December 15, 2022.

Altius Minerals Corporation (ATUSF) reports a favorable decision from the Supreme Court of Canada that impacts its lawsuit against Alberta and Canada regarding a $190 million compensation claim for the expropriation of its Genesee mine royalty asset. The court clarified that a government does not need to acquire an interest in property for a constructive taking to be valid. Altius aims to appeal its previous dismissal, believing this decision strengthens its position. The company emphasizes its commitment to renewable energy while defending its property rights.

Altius Minerals Corporation (ATUSF) anticipates reporting $26.4 million in Q3 2022 attributable royalty revenue, up from $20.8 million in Q3 2021. Year-to-date, revenue reaches $80.5 million, compared to $60.5 million in the same period of 2021. Potash revenue surged to $10.3 million, reflecting higher prices, while base and battery metals revenue declined to $5.8 million. Iron ore royalties decreased due to higher expenditures and lower dividends. A conference call to discuss full financial results is scheduled for November 10, 2022.

Altius Minerals Corporation (ATUSF) reported a decline in the market value of its public junior equities portfolio from $47.4 million on June 30, 2022, to $43.5 million by September 30, 2022. Highlights include royalty revenues of $960,000 from Orogen Royalties Inc. and favorable drill results from AbraSilver Resource Corp. at the Diablillos project in Argentina, with intercepts of 506 g/t Ag and 1.99 g/t Au. The company’s strategy continues to focus on royalty and equity investments in commodities aligned with sustainability trends.

Altius Minerals Corporation (TSX: ALS) has renewed its Normal Course Issuer Bid (NCIB) to buy up to 1,698,481 common shares, roughly 3.56% of its outstanding shares. This NCIB will run from August 22, 2022, to August 21, 2023, pending regulatory approval. Altius aims to utilize the NCIB as it believes the market price of its shares does not reflect their intrinsic value based on anticipated cash flows. The company has actively pursued share buybacks since 2010 and purchased 537,700 shares under its previous NCIB at an average price of $16.81.