Altius Reports Q2 2026 Expected Record Attributable Revenue(1)

Altius Minerals Corporation (ALS) pre-released second-quarter 2026 attributable royalty revenue of approximately $30.0 million, marking a new quarterly record. This figure represents a 136% increase over the $12.7 million reported in Q2 2025 and a 12% sequential rise from the $26.8 million recorded in Q1 2026.

Revenue growth was broad-based across multiple sectors. Base metals contributed $9.4 million, while potash generated $5.0 million. Lithium revenue reached $6.4 million, a significant increase from $61,000 a year ago following the acquisition of Lithium Royalty Corp. Electricity income totaled $6.1 million, which included the first production from Sequoia I and $3.3 million in interconnection deposit income. Iron ore contributed $1.6 million, and interest income added $1.5 million.

The company also reiterated details of a previously announced tripartite transaction designed to increase Altius’s effective interest in Great Bay Renewables (GBR) from 29% to 50%. Under the terms of the deal, Altius will pay US$168 million for Northampton’s minority stake in Altius Renewable Royalties Corp. The transaction was disclosed on July 10 and is expected to close in late July.

Full Q2 results will be published on August 10, followed by a conference call on August 11.

Altius Minerals Corporation reported a second-quarter revenue of $30 million, a figure that materially exceeds all prior quarterly royalty revenue records, including $26.8 million in Q1 2026 and $20.9 million in Q4 2025. This performance indicates that the LRC acquisition and GBR projects are generating revenues faster than anticipated. The 136% year-on-year increase is driven by the addition of LRC, while sequential growth of 12% in a quarter without large one-off gains signals strong operating momentum in lithium and renewables.

The company’s stake in GBR increased to 50%, consolidating a high-growth renewable royalty platform at an attractive valuation and giving Altius equal control alongside Northampton. This strategic move was announced on July 10. On July 14, Altius raised C$181.5 million through a bought-deal equity offering, creating approximately 5.4% dilution in new shares. This financing activity contributed to a share price decline from $66 to $55, partially offsetting the positive fundamental news associated with the record revenue and strategic GBR position.

Altius Minerals Corporation (ALS) is a diversified royalty and streaming company with a portfolio spanning base and battery metals, including copper, nickel, and lithium, as well as potash, iron ore, and renewable electricity generation. The company operates through a low-cost, high-margin royalty model, receiving a percentage of revenue or production from operators without incurring operating or capital costs. It also runs a project generation business that incubates early-stage projects and sells them to developers in exchange for royalties and equity stakes.

Key assets include: - Arthur Gold (Nevada): 0.5% NSR retained after sale of 1% to Franco-Nevada; 16moz resource, PFS-stage. - Kami Iron Ore (Labrador): 3% Gross Sales Royalty; 26-year mine life, operator Champion Iron with Nippon Steel/Sojitz. - Chapada copper stream (Brazil): long-life producing mine with Saúva expansion expected to boost copper output. - Voisey’s Bay (Canada): nickel/copper royalty; underground mine expansion ramping. - Curipamba (Ecuador): 2% NSR; construction underway, first production H2 2027. - Lithium Royalty Corp. portfolio: 37 royalties, including four producing assets (Goulamina, Grota do Cirilo, Tres Quebradas, Mariana) with top-tier costs. - Great Bay Renewables (GBR): effective 50% post-closing; 8.7 GW operating, 1.7 GW under construction, anchored by 20-year PPAs; partnered with Northampton Capital. - Labrador Iron Ore Royalty Corp. equity stake (~8%). - Project generation junior equities portfolio valued at ~$80M (June 30, 2026).