Altius Reports Second Quarter 2021 Expected Attributable Royalty Revenue of Approximately $21.8 million

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ST. JOHN’S, Newfoundland and Labrador — Altius Minerals Company (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Company”) expects to report attributable quarterly royalty income^† of roughly $21.8 million ($0.53 per share) for the second quarter ended June 30, 2021. This compares to quarterly revenues of $17.8 million ($0.43 per share) in Q1 2021.

Base steel (primarily copper) income of $9.4 million is up 24% from Q1 2021 base steel income of $7.6 million, and represented 43% of complete royalty income. Efficiency within the quarter was positively impacted by stronger steel costs, however was offset by decrease copper manufacturing from each 777 and Chapada.

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Through the quarter, Vale commenced manufacturing from its new underground mine at Voisey’s Bay and Lundin Mining continued to aggressively drill close to mine targets at Chapada in assist of ongoing venture growth research.

Potash income of $4.5 million is up 11% from Q1 2021 potash income of $4.1 million and represented 21% of complete royalty income. Regular value enhancements over the previous yr continued to be mirrored whereas general portfolio primarily based manufacturing was down barely from Q1 however just like Q2 2020 manufacturing. Common realized costs for royalty calculation functions continued to replicate timing of gross sales recognition lags with realized costs in Q2 typically aligned with Q1 2021 market costs. Market costs primarily based on US Midwest and Brazil supply elevated by 50-60% throughout Q2 and these are anticipated to end in greater realized costs to Altius within the coming quarters.

Through the quarter, Mosaic closed its Esterhazy K1 and K2 mining shafts whereas it continues to ramp up manufacturing from the brand new K3 mining shaft which is anticipated to succeed in full capability early in 2022. Nutrien introduced two 500,000 tonne will increase to its annual potash manufacturing steerage through the quarter in response to elevated demand.

Iron ore income within the type of dividends acquired from Labrador Iron Ore Royalty Company (“LIORC”) was $5.0 million, or 23% of complete royalty income, which compares to $2.9 million in Q1 2021. The 72% enhance mirrored robust royalty income and a major fairness dividend paid by the Iron Ore Firm of Canada (“IOC”) because it continued to profit from robust demand and pricing for its high-purity iron ore merchandise that end in decrease emission metal making. The Company is a major shareholder of LIORC which serves as a pass-through automobile for royalty revenue and fairness dividends associated to the operations of IOC.

On April 1, 2021, the Company acquired 600,000 Champion Iron Restricted (“Champion”) shares as consideration for the sale of its portion of secured debt of Alderon after Champion acquired the belongings of Alderon by way of a courtroom appointed and aggressive bidding course of. Curiosity revenue of $636,000 on this mortgage restoration is included within the desk under underneath “different royalties and curiosity”. Champion continued work to replace the prior optimistic feasibility research and revise the venture scope for its not too long ago acquired Kami Iron Ore venture. Kami is positioned close by to the south of IOC’s operations and some kilometres southeast of Champion’s Bloom Lake operations and is topic to a 3% product sales royalty in favour of Altius. The Kami venture hosts in depth sources of iron ore which can be anticipated to be able to producing high-purity, premium priced focus merchandise.

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Thermal coal income of $2.1 million, or simply underneath 10% of complete royalty income, compares to $2.9 million in Q1 largely on account of barely decrease seasonal electrical energy demand on the built-in Genesee mine and energy plant and solely nominal income from the Sheerness operation.

Altius Renewable Royalties (ARR: TSX) (“ARR”), of which the Company is a controlling shareholder, reported the creation of 5 new royalty pursuits on US primarily based growth stage wind and photo voltaic tasks. These royalties come up from venture gross sales by investee associate Tri International Power LLC that collectively characterize greater than 1,100 MW of latest renewable vitality era capability. Extra data might be discovered at arr.energy. ARR, by way of subsidiary Nice Bay Renewables which is collectively managed with sure funds managed by associates of Apollo International Administration, Inc., additionally continued to advance a number of new royalty-based funding alternatives through the quarter that it believes will result in further capital deployment all through the rest of the yr.

Second Quarter 2021 Monetary Outcomes Convention Name and Webcast Particulars

Extra particulars regarding particular person royalty performances and asset degree developments might be supplied with the discharge of full monetary outcomes, which is able to happen on August 9, 2021 after the shut of market, with a convention name to comply with on August 10, 2021.

Date: August 10, 2021
Time: 9:00 AM ET
Toll Free Dial-In Quantity: +1(866) 521-4909
Worldwide Dial-In Quantity: +1(647) 427-2311
Convention Name Title and ID: Altius Q2 2021 Outcomes, ID 9379845
Webcast Hyperlink:https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=A7CADED0-3E8D-44EF-AF03-8F7FBFFF082E

^†Attributable royalty income is a non‐IFRS measure and doesn’t have any standardized which means prescribed underneath IFRS. For an in depth description and examples of the reconciliation of this measure, please see the Company’s MD&A disclosures for prior quarterly and annual reporting intervals, which can be found at https://www.altiusminerals.com

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About Altius

Altius’s technique is to create per share development by way of a diversified portfolio of royalty belongings that relate to lengthy life, excessive margin operations. This technique additional offers shareholders with exposures which can be nicely aligned with sustainability-related world development tendencies together with the electrical energy era transition from fossil gas to renewables, transportation electrification, decreased emissions from steelmaking and rising agricultural yield necessities. These every maintain the potential to trigger elevated demand for a lot of of Altius’s commodity exposures together with copper, renewable primarily based electrical energy, a number of key battery metals (lithium, nickel and cobalt), clear iron ore, and potash. Altius has 41,504,597 frequent shares issued and excellent which can be listed on Canada’s Toronto Inventory Trade. It’s a member of each the S&P/TSX Small Cap and S&P/TSX International Mining Indices.

Ahead-Trying Info

This information launch incorporates ahead‐trying data. The statements are primarily based on cheap assumptions and expectations of administration and Altius offers no assurance that precise occasions will meet administration’s expectations. In sure circumstances, ahead‐trying data could also be recognized by such phrases as “anticipates”, “believes”, “might”, “estimates”, “expects”, “might”, “shall”, “will”, or “would”. Though Altius believes the expectations expressed in such ahead‐trying statements are primarily based on cheap assumptions, such statements are usually not ensures of future efficiency and precise outcomes or developments might differ materially from these projected. Readers shouldn’t place undue reliance on forward-looking data. Altius doesn’t undertake to replace any forward-looking data contained herein besides in accordance with securities regulation.

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Contacts

Flora Wooden
E mail: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: +1(416)346.9020

Ben Lewis
E mail: Blewis@altiusminerals.com
Tel: 1.877.576.2209