Altius Minerals Corp
TSX:ALS
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Altius Minerals Corp
TSX:ALS
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Altius Minerals Corp
Altius Minerals Corp. explores and develops mineral properties. The company is headquartered in St. Johns, Newfoundland And Labrador. The company holds royalty interests in approximately 12 operating mines that produce copper, zinc, nickel, cobalt, potash, iron ore and thermal (electrical) coal. The firm operates through three segments: Mineral Royalties, Project Generation and Renewable Royalties. Its Mineral Royalties segment consists of the acquisition and management of producing and development stage royalty and streaming interests. Its Project Generation segment consists of acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. Its Renewable Royalties segments consists of majority interest holding in publicly traded ARR, which is focused on the acquisition and management of renewable energy investments and royalties.
Altius Minerals Corp. explores and develops mineral properties. The company is headquartered in St. Johns, Newfoundland And Labrador. The company holds royalty interests in approximately 12 operating mines that produce copper, zinc, nickel, cobalt, potash, iron ore and thermal (electrical) coal. The firm operates through three segments: Mineral Royalties, Project Generation and Renewable Royalties. Its Mineral Royalties segment consists of the acquisition and management of producing and development stage royalty and streaming interests. Its Project Generation segment consists of acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. Its Renewable Royalties segments consists of majority interest holding in publicly traded ARR, which is focused on the acquisition and management of renewable energy investments and royalties.
Earnings: Q4 net earnings of $22.5 million ($0.48/sh) and full-year net earnings of $299 million ($6.45/sh), aided by a $375 million gain on the sale of the Arthur Gold royalty.
Liquidity: Cash on hand $294 million; following the LRC transaction and costs, total liquidity approximately $332 million (includes $125 million revolver availability and $62.5 million accordion).
M&A: Completed combination with Lithium Royalty Corporation: ~9.6 million Altius shares and $140 million cash consideration, adding 37 royalties and new shareholders/management.
Royalty growth: Royalty revenue and adjusted EBITDA rose on higher potash and base metal prices, increased copper stream deliveries and growth in the ARR/renewables portfolio; GBR committed ~USD 96 million to new renewable royalty investments.
Capital returns & balance sheet actions: Board approved quarterly dividend $0.10/share; paid $16 million in cash dividends in 2025; repurchased 54,000 shares for $1.6 million and made $17 million of debt repayments.
Iron ore stake: Increased interest in Labrador Iron Ore Royalty (LIF) to gain long-term exposure to Iron Ore Company of Canada royalties and equity, accepting near-term constrained dividends during recapitalization.