ALTIUS MINERALS CORP - ATUSF STOCK NEWS

Altius Minerals Corporation (ATUSF) announced the completion of a transaction with Labrador Uranium Inc. (LUR) on February 22, 2022. Altius Resources Inc., a subsidiary, transferred its interests in the Central Mineral Belt Uranium-Copper Project and the Notakwanon Uranium Project to LUR. In return, Altius received 8,000,000 common shares of LUR and a 2% gross overriding royalty on the projects. This acquisition gives Altius approximately 16.8% of LUR's total shares. The shares are under a hold period expiring in four months and one day.

Altius Minerals Corporation (ATUSF) reported a record 2021 annual attributable royalty revenue of $83.9 million, a 24% increase from $67.5 million in 2020. The Q4 revenue reached $23.5 million, surpassing $22.0 million for Q4 2020. Base metals revenue skyrocketed by 36% to $36.6 million, reflecting higher prices and production. Potash revenue increased 32% to $19.3 million. However, thermal coal revenue declined by 34% to $9.1 million due to plant conversions. The company also repurchased shares under its Normal Course Issuer Bid.

Altius Minerals Corporation (ATUSF) reported $16.1 million in net cash generation and a 37% increase in its junior equities portfolio, valued at $55.5 million as of December 31, 2021. The growth reflects successful project conversions into equity positions and royalties. Key projects include Golden Rose, Adeline Copper, and Labrador uranium properties, with anticipated drilling activities in 2022 aiming for low-cost value creation. Enhanced shareholder value is expected from potential milestones in advanced stage royalties, including the Kami iron ore project.

Altius reported attributable royalty revenue of $20.8 million for Q3 2021, a 28% increase from Q3 2020. Year-to-date revenue reached $60.5 million, up 33% year-over-year. Adjusted EBITDA for the quarter was $16.9 million with an 81% margin. Net earnings were $9.76 million versus a loss of $39.79 million in Q3 2020. Cash and equivalents increased to $100.1 million. The board declared a quarterly dividend of $0.07 per share, payable on December 15, 2021. The company continues to focus on enhancing shareholder value through debt reduction and dividends.

Altius Minerals Corporation (ATUSF) anticipates quarterly royalty revenue of approximately $20.7 million ($0.50 per share) for Q3 2021, up from $16.2 million in Q3 2020 but down from $21.9 million in Q2 2021. Key revenue contributions include $8.2 million from base metals, $6.0 million from iron ore, and $3.8 million from potash. The upcoming financial results will be released on November 10, 2021, followed by a conference call on November 11, 2021.

Altius Minerals Corporation (ATUSF) reported a decline in its market value of equities to approximately $51.2 million as of September 30, 2021, down from $64.5 million at June 30, 2021. The decrease included $9.1 million in equity sales and new investments. The company received 10,089,199 common shares from Chesterfield Resources in exchange for its Adeline copper project in Labrador. Notable developments included Adventus Mining's ongoing feasibility study and Surge Copper's new drilling results. Altius maintains royalties on several projects and continues its Project Generation business.

Altius Minerals Corporation (ATUSF) has renewed its Normal Course Issuer Bid (NCIB) to purchase up to 1,642,612 shares, representing 3.96% of its outstanding shares as of August 18, 2021. The NCIB will commence on August 22, 2021, and end by August 21, 2022, pending regulatory approval. The board believes the shares are undervalued compared to anticipated cash flows, making this buyback an appropriate use of funds. Previously, from August 2020 to August 2021, Altius bought 477,400 shares at an average price of $15.55, with a maximum of 1,622,920 shares allowed.

Altius Minerals Corporation (ATUSF) reported Q2 2021 attributable royalty revenue of $21.9 million or $0.53 per share, representing a 23% increase from Q1 2021 and a 68% rise year-over-year. Adjusted EBITDA was $17.7 million ($0.43 per share), up 21% from Q1 2021. The Corporation declared a 40% increase in its quarterly dividend to $0.07, payable on or about September 15, 2021.

Cash and cash equivalents stood at $115.9 million. Altius anticipates continued growth in revenue from its diversified portfolio.

Altius Minerals Corporation (ATUSF) has provided an update on its Project Generation and junior equities portfolio. As of June 30, 2021, the portfolio's market value reached approximately $64.5 million, a rise from $54.2 million in March. Notable transactions included the acquisition of shares from Champion Iron Limited and TRU Precious Metals Corp. The company announced additional equity fundraising of $68 million in Q2 2021. Overall, Altius focuses on creating shareholder growth through diverse royalty assets, aligning with sustainability trends in the mining sector.