ALTIUS MINERALS CORP - ATUSF STOCK NEWS

Altius Minerals Corporation (ATUSF) reported record Q2 2022 attributable royalty revenue of $28.2 million, surpassing $21.9 million from the same quarter in 2021. Key revenue sources included potash at $11.5 million and thermal coal at $4.5 million, with potash revenue for the year-to-date exceeding last year's total. However, base and battery metals revenue fell to $8.4 million due to decreased production. Altius plans to provide further details on its financial performance during a conference call on August 9, 2022.

Altius Minerals Corporation (ATUSF) reported an update on its Project Generation activities and public junior equities portfolio, with a market value of $47.4 million as of June 30, 2022, down from $67.3 million on March 31, 2021. The company invested $1.2 million more than it sold in equities during the quarter. Highlights include Orogen Royalties generating royalty revenue, Adventus Mining's progress in Ecuador, and Sterling Metals securing $5 million for exploration. The decline in portfolio value aligns with the overall junior mining sector's downturn.

Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) will host an in-person and webcast Investor Day on May 25, 2022, from 1:00 PM to 4:00 PM ET. Interested shareholders and analysts should contact Flora Wood via flora@altiusminerals.com for attendance. The event will feature a live conference call, multiple Q&A sessions, and a webcast available on www.altiusminerals.com.

Altius focuses on creating growth through a diversified portfolio of royalty assets aligned with sustainability trends.

Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) announced the successful approval of all resolutions at its Annual General Meeting on May 13, 2022. This included the election of directors, all receiving over 97% approval. Notable votes included the appointment of Deloitte LLP as auditors with an approval of 97.83%. Shareholder participation was commendable at over 65%. Altius emphasizes sustainable growth through a diverse portfolio of royalty assets, particularly in commodities aligned with global sustainability trends, including copper and battery metals.

Altius Minerals Corporation (ATUSF) reports a record Q1 2022 revenue of $27.1 million, up from $17.5 million in Q1 2021. Attributable royalty revenue increased 44% to $25.5 million, driven by higher commodity prices. Adjusted EBITDA rose 62% to $23.6 million, with an 83% margin. Net earnings reached $12.5 million or $0.29 per share, a slight increase from the previous year's $11.8 million. The company declared a $0.07 dividend per share, payable on June 30, 2022. Cash and equivalents stood at $121.3 million.

Altius Minerals Corporation (ATUSF: OTCQX) reported a record Q1 2022 attributable royalty revenue of $25.4 million, up from $17.8 million in Q1 2021. The revenue increase was driven by higher prices in several sectors including base metals, potash, and thermal coal. Base and battery metals generated $10.0 million, while potash revenue rose to $9.9 million. However, iron ore royalties decreased to $1.4 million, compared to $2.9 million in Q1 2021. Full financial results will be released on May 10, 2022.

On April 14, 2022, Altius Minerals Corporation announced that Fairfax Financial Holdings exercised 6,670,000 common share purchase warrants at $15 each, generating gross proceeds of $100 million. Fairfax opted to pay the exercise price by surrendering $100 million in preferred securities for cancellation. Following this transaction, Fairfax will own 6,670,000 common shares, representing 13.94% of Altius's issued shares. This move eliminates outstanding warrants and preferred securities while establishing Fairfax as a major shareholder, supporting the long-term growth strategy of Altius.

Altius Minerals Corporation (ATUSF) reported a significant increase in the market value of its equities portfolio, rising to $67.3 million as of March 31, 2022, up from $55.5 million on December 31, 2021. This growth is attributed to payments received from three public issuers for projects sold by Altius. Notably, Altius has increased its stake in Orogen Royalties Inc. to 16.45%, while also making additional investments in several mining ventures, including Adventus Mining Corp. and Gungnir Resources Inc.

Altius Minerals Corporation (ATUSF) reported a record revenue of $81.7 million for 2021, up from $60 million in 2020. Fourth-quarter revenue was $22.6 million, compared to $21.5 million in Q4 2020. Attributable royalty revenue increased by 24% to $83.9 million or $2.03 per share. Adjusted EBITDA rose 27% to $67 million with an EBITDA margin of 80%. Net earnings were $38.3 million or $0.97 per share, compared to a net loss of $26.2 million in 2020. The company declared a quarterly dividend of $0.07 per share.