Altius Minerals Corp. is pleased to provide an update on its Project Generation business activities and performance of its related junior equities portfolio for the first quarter of 2020. The market value of the junior equities portfolio at March 31, 2020 was $34 million, including two private company investments at book value, compared to $54.1 million at December 31, 2019. The decline in the portfolio value during the [...]
Altius Minerals Corp. wishes to update its shareholders with respect to the current status of its diversified royalty business in relation to the global COVID-19 pandemic. Royalty Operations Update As of today, Altius has noted COVID-19 related production curtailments from mines that collectively produced just under 2% of 2019 attributable royalty revenues. A summary of compiled information related to each operation [...]
Altius Minerals Corp. reports record attributable royalty revenue of $78.1 million ) for the year ended December 31, 2019, which represents an increase of 16% over 2018. Also, and relative to 2018 year-end results, adjusted EBITDA of $62.6 million ) is 18% higher, adjusted operating cash flow of $44.1 million ) is 27% higher and adjusted net earnings per share increased by 41% to $22.4 million ), during 2019. The project [...]
Altius Minerals Corp. is pleased to announce that its subsidiary, Altius Renewable Royalties Corp. , has entered into an initial US$35 million royalty financing agreement with Apex Clean Energy related to an extensive portfolio of wind and solar energy development projects located across North America. Apex has commercialized over 5 gigawatts of clean energy projects since inception in 2009. Its current portfolio includes [...]
Altius Minerals Corp. reports that it will release audited financial results for its three month and twelve month period ended December 31, 2019 on March 11, 2020 after the close of market, with a conference call to follow March 12, 2020 at 9:00 am ET. Altius expects to report fourth quarter attributable royalty revenue1 of approximately $17.5 million . For the full year ended December 31, 2019 expected royalty revenue [...]
Altius Minerals Corp. is pleased to update its Project Generation business activities and its public junior equities portfolio. The market value of the junior equities portfolio at December 31, 2019 was $54.1 million, while sales proceeds from the portfolio during the year totaled $19.2 million. This compares to portfolio value of $54.4 million at December 31, 2018. The year end 2019 and 2018 portfolio values noted here [...]
Altius Minerals Corp. is pleased to announce that its subsidiary, Altius Renewable Royalties Corp., has received its second renewable energy royalty under the portfolio based royalty financing agreement that it completed with Tri Global Energy in early 2019. The announcement made by TGE today is as follows: Tri Global Energy Sells Illinois Wind Energy Project to Copenhagen Infrastructure Partners Dallas – Tri Global [...]
Altius Minerals Corp. today reports the following results from its subsidiary Adia Resources: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191126005296/en/ Figure 1: 2019 Winter Drilling Map First drilling program on new grassroots diamond discovery in Manitoba Core samples return abundant microdiamonds Thick ultramafic volcanic host unit traced over two [...]
Altius Minerals Corp. reports attributable royalty revenue of $19.2 million or $0.45 per share for the quarter ended September 30, 2019, which compares to Q3 2018 royalty revenue of $17.1 million or $0.40 per share and Q2 2019 royalty revenue of $19.5 million or $0.46 per share. Adjusted EBITDA of $15.2 million or $0.36 per share for the three months represents a margin of 79% of royalty revenue and compares to Adjusted [...]
Altius Minerals Corp. reports attributable royalty revenue1 of approximately $19.1 million for the quarter ended September 30, 2019. This compares to revenues of $17.1 million generated in the comparable quarter last year, and $19.5 million during the prior quarter. On a year-to-date basis, royalty revenue of $60.5 million compares to $49.5 million in the comparable period last year. Base metal revenue contributed 41.3 [...]
Altius Minerals Corp. is pleased to provide an update on its Project Generation business activities and performance of its related junior equities portfolio for the third quarter of 2019. The market value of the portfolio at September 30, 2019 was $52.5 million, compared to $53.7 million at June 30, 2019. Net cash of approximately $800k was also generated from sales within the portfolio. On a year-to-date basis, net cash [...]
Altius Minerals Corp. is pleased to announce that it has renewed its Normal Course Issuer Bid and it may purchase at market price up to 1,779,103 common shares , being approximately 4.2% of the 42,783,796 common shares issued and outstanding as of August 14 2019, by way of an NCIB through the facilities of the Toronto Stock Exchange . The bid is subject to regulatory approval. The NCIB will commence August 22, 2019 and [...]