Altius Minerals Corp. reports attributable royalty revenue of $19.5 million or $0.46 per share for the quarter ended June 30, 2019, which compares to Q2 2018 royalty revenue of $16.5 million or $0.38 per share and record Q1 2019 revenues of $21.8 million or $0.51 per share. Adjusted EBITDA of $16.3 million or $0.38 per share for the three months represents a margin of 84% of royalty revenue and compares to Adjusted EBITDA [...]
Altius Minerals Corp. expects to report attributable royalty revenue1 of approximately $19.5 million for the quarter ended June 30, 2019. This compares to revenues of $16.5 million generated in the comparable quarter last year, and $21.8 million during the prior quarter. Potash revenues were consistent with the prior quarter and considerably stronger year over year based upon growth in production volumes and higher [...]
Altius Minerals Corp. reports that all resolutions presented at its May 8, 2019 Annual and Special Meeting were approved by shareholders, including the re-election of directors John Baker, Brian Dalton, Don Warr, Fred Mifflin, Jamie Strauss, Anna Stylianides, and André Gaumond, and the election of Roger Lace upon his nomination by Fairfax Financial Holdings Limited. The voting participation rate was 70.35% and [...]
Altius Minerals Corp. reports attributable royalty revenue of $21.8 million for the quarter ended March 31, 2019, a quarterly record which is up 38% compared to Q1 2018 royalty revenue of $15.8 million and up 24% compared to Q4 2018 revenues of $17.6 million. Total Q1 2019 revenue of $21.9 million includes a small contribution from our Project Generation division. Adjusted EBITDA of $17.4 million for the three months is [...]
Altius Minerals Corp. expects to report record attributable royalty revenue1 of approximately $21.5 million for the quarter ended March 31, 2019. This represents an increase of 36% compared to revenues of $15.8 million generated in the comparable quarter last year, and a 22% increase in revenues compared to $17.6 million in Q4 2018. The Corporation also announces that it is raising its full year revenue guidance to $77 [...]
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 2019. Over the last three years Altius has completed agreements with industry partners for 57 global exploration projects. This has resulted in the conversion of most of the mineral lands that it assembled during the preceding cyclical [...]
Altius Minerals Corp. reports attributable royalty revenue of $67.0 million for the year ended December 31, 2018. The prior financial year was an abbreviated eight month period related to a change of the Corporation’s fiscal year end designed to better align its reporting with its royalty counterparties. Attributable royalty revenue for the quarter ended December 31, 2018 was $17.6 million , compared to $17.1 [...]
Altius Minerals Corp. reports that during a constructive meeting held with representatives of Labrador Iron Ore Royalty Corporation on February 22, 2019, it received positive assurances that LIORC no longer intends to pursue changes to its current Articles or its passive flow-through mandate and that it will maintain adherence to its policy of paying dividends to the maximum extent possible. LIORC also advised that the [...]
Altius Minerals Corp. is pleased to announce that its recently formed subsidiary, Altius Renewable Royalties Corp. , has entered into a transaction with Tri Global Energy, LLC , to gain future royalties related to a portfolio of wind energy development projects. Dallas-based Tri Global Energy is a leading developer of wind energy in the U.S. TGE’s goal is to develop clean energy through the development of wind [...]
Altius Minerals Corp. reports that on Friday January 25, 2019, Altius management representatives met with the CEO and a Director of Labrador Iron Ore Royalty Corp. . During the meeting, Altius delivered a letter addressed to the LIORC board of directors that outlined certain specific shareholder concerns. The full text of this letter is shown at the conclusion of this press release. Altius holds approximately 6.2% of the [...]
Altius Minerals Corp. reports that Guy Bentinck has tendered his resignation from the Board of Directors of Altius. This follows his recent departure from employment with Fairfax Africa in order to pursue other opportunities. Mr. Bentinck was a board nominee of Fairfax Financial Holdings Limited as per rights it was granted in relation to its ongoing $100 million preferred securities investment in Altius. The nominating [...]
Altius Minerals Corp. reports that it has entered into an agreement to acquire a 2% Net Smelter Return Royalty covering the Curipamba copper-gold-zinc project from Resource Capital Fund VI L.P. and RCF VI SRL LLC for US$10 million in cash. The Curipamba Project, located in central Ecuador, is being developed under a 75:25 partnership between Adventus Zinc Corp. , and Salazar Resources Ltd. . Altius currently holds 21% of [...]
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