Altius Minerals Corp (AB)
F:VTM

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Altius Minerals Corp (AB) Logo
Altius Minerals Corp (AB)
F:VTM
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Price: 40.94 EUR
Market Cap: €3.9B

Altius Minerals Corp (AB)
Investor Relations

Altius Minerals Corp. is not a mining company that digs ore out of the ground. It owns mineral royalties and streaming interests, which means it earns money when other companies develop and produce from the mines tied to its interests. It also helps create new mineral projects and often receives equity stakes or royalties in return. Its main customers, in a practical sense, are the mining companies that build and run those projects. Altius makes money from royalty payments, stream payments, and gains from its project-generation investments. Because its income depends on production at mines it does not operate, it sits one step above the miner in the value chain and gets exposure to many different commodities without having to run the mines itself. That business model is different from a normal miner because it is built around collecting long-lived rights on mineral production rather than spending heavily to extract ore. This gives Altius a portfolio-style business tied to resource development, with cash flows linked to the success of other operators and the quality of the underlying deposits.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 11, 2026
AI Summary
Q2 2026

Record royalty revenue: Altius reported Q2 royalty revenue of CAD 30 million, a record quarter, helped by higher realized prices, copper stream timing, new lithium royalties, and stronger electricity royalty revenue.

Balance sheet reset: The company completed a CAD 174 million equity raise, upsized its credit facility to CAD 350 million, and ended the period with about CAD 500 million of total liquidity.

Dividend increase: The board approved a 10% dividend increase to CAD 0.11 per share, signaling confidence in cash generation and capital strength.

Portfolio growth: Management said lithium, electricity royalties, and project generation are all creating more growth opportunities, while GBR’s interest was raised from 29% to 50%.

Outlook improving: Management said lithium revenue estimates for the next several years were revised upward, and electricity royalties are at an “upwards inflection point” as projects advance.

Key Financials
Net earnings
CAD 8.6 million
Earnings per share
CAD 0.16
Royalty revenue
CAD 30 million
Adjusted EBITDA
CAD 23 million
Operating cash flow
CAD 14 million
Adjusted net earnings per share
CAD 0.14
Coles Wind investment
USD 12.4 million
Other investments
CAD 15 million
Royalty Capital Funds proceeds
CAD 42 million
Bought deal proceeds
CAD 174 million
Credit facility
CAD 350 million
Debt balance outstanding
CAD 87 million
Revolver draw
CAD 100 million
Total liquidity
approximately CAD 500 million
Available revolver capacity
CAD 163 million
Accordion capacity
CAD 150 million
Scheduled debt repayments
CAD 2 million
Cash dividends paid
CAD 5.2 million
Dividend
CAD 0.11 per share
Common shares issued under DRIP
approximately 7,000
GBR ownership
50%
ARR interest
USD 167 million
Battery shipments
approximately 3 terawatt hours
Sodium-ion market size
roughly 10 gigawatt hours
Energy storage shipments growth
70% year-over-year
Copper price change
approximately 4%
Nickel price change
approximately 4%
Operating-stage electricity projects
16
Construction-stage electricity projects
15
Earnings Call Recording
Other Earnings Calls

Management

Mr. John A. Baker LL.B., Q.C.
Co-Founder & Executive Chairman
No Bio Available
Mr. Brian Francis Dalton
Co-Founder, President, CEO & Director
No Bio Available
Mr. Benjamin Gerard Lewis B.Comm., CA, CPA
Senior VP & CFO
No Bio Available
Mr. Stephen Lawrence Winter M.Sc., P.Geo, Ph.D.
Vice President of Generative & Technical
No Bio Available
Mr. Chad S. Wells B.Sc.
VP of Corporate Development - Project Generation & Corporate Secretary
No Bio Available
Ms. Flora Wood B.A., M.A.
VP of Investor Relations & Sustainability
No Bio Available
Mr. Mark Raguz
Vice President of Corporate Development
No Bio Available
Mr. Roderick Smith B.Sc., M.Sc., P.Geo
Chief Geologist
No Bio Available
Mr. Rod Churchill M.Sc., P. Geo.
Lands & Operations Manager
No Bio Available

Contacts

Address
NEWFOUNDLAND AND LABRADOR
ST. JOHNS
2nd Floor, 38 Duffy Place
Contacts