Altius Receives Contingent Payment and Confirms Extent of Arthur Gold Royalty Lands

The November 24, 2025 news release announces that Altius Royalty Corporation has received the US$25 million contingent cash payment from Franco-Nevada. This payment was related to the previously announced sale of a portion of its royalty interest in the Arthur Gold Project. The payment was triggered by the conclusion of an arbitration process which has now formally defined the royalty lands as covering approximately 195.6 km².

The release also provided an update on the project's mineral resources, operated by AngloGold Ashanti. The resources stand at 12.1 million ounces of gold Inferred at the Merlin deposit, plus 3.4 million ounces Indicated and 0.8 million ounces Inferred at the Silicon deposit. AngloGold is conducting an extensive drilling program with the goal of converting resources to reserves by year-end, which will feed into a prefeasibility study (PFS) expected in early 2026.

This news is materially positive as it represents the successful completion of a major, value-crystallizing transaction and de-risks the full consideration.

Reviewing the historical news provides the necessary context: - July 23, 2025: Altius announced the sale of a 1.0% Net Smelter Return (NSR) royalty on the Arthur Gold Project to Franco-Nevada for US$275 million. The payment structure was US$250 million upfront and a US$25 million contingent payment. - August 14, 2025: Altius announced a favorable final arbitration award that defined the royalty area at 195.6 km², meeting the condition for the contingent payment. - November 11, 2025 (Q3 Financials): The company reported the receipt of the initial US$250 million. - November 12, 2025 (Q3 Conference Call): Management confirmed they expected the final US$25 million payment in Q4, stating the deadline for any challenge to the arbitration was "within days."

The most recent news confirms the actual receipt of this final US$25 million. While expected, this finalizes the transaction, removes any residual risk, and adds directly to the company's already substantial cash balance. The confirmation of the large land package also solidifies the value of Altius's retained 0.5% NSR on this world-class asset. The positive operational update from AngloGold further underscores the long-term value of this retained interest, with a key catalyst (the PFS) now firmly on the horizon for early 2026. This news reinforces the company's successful strategy of project generation and value crystallization.

Altius Minerals is a diversified royalty and streaming company with a unique Project Generation business model that creates new royalties through early-stage exploration investment. The company holds a portfolio of royalties across various commodities, including potash, iron ore, base metals, gold, and renewable energy, primarily in geopolitically stable jurisdictions.

While diversified, its most significant recent development has been the Arthur Gold Project (formerly Silicon) in Nevada. Altius generated a 1.5% NSR on this world-class discovery by AngloGold Ashanti, which boasts a resource of over 16 million ounces of gold. After selling a 1.0% NSR for US$275 million, Altius retains a 0.5% NSR, which remains a core, high-value asset for future growth. Another key development project is the Kami Iron Ore Project in Labrador, on which Altius holds a 3% Gross Sales Royalty.