Altius Reports Q3 2026 Expected Record Attributable Revenue(1)

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Postmedia has not reviewed the content. by Business Wire Altius Reports Q3 2026 Expected Record Attributable Revenue(1)Author of the article:THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAll references in thousands of Canadian dollars, except per share amounts, unless otherwise indicatedST. JOHN’S, Newfoundland and Labrador — Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expects to report Q3 2026 record attributable royalty revenue(1) of approximately $33.2 million compared to $21.4 million in Q3 2025.Summary of attributable royalty revenue(1)Q3 2026Q2 2026Q3 2025Base metals$8,450$9,425$7,646Potash4,5665,0365,525Lithium4,2446,43418Iron ore#1,5631,5621,496Electricity##13,2386,0663,327Interest and other1,1411,4743,394$33,202$29,997$21,406(#) Labrador Iron Ore Royalty Corporation dividends received(##) Effective 29% interest in renewable royalty revenueThis advertisement has not loaded yet, but your article continues below.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again(primarily copper) revenue of $8.5 million for the quarter reflects higher realized prices offset by the timing of copper stream deliveries from Chapada as well as scheduled maintenance at Voisey’s Bay.The Corporation’s preliminary cost of sales for the Chapada copper stream, excluding any depletion, is $2.3 million for Q3 2026.portfolio revenue during the second quarter of $4.6 million reflects consistent realized prices with volumes impacted by timing of scheduled annual maintenance at a number of potash mines.revenue of $4.2 million reflects ongoing operational ramp ups and mining resumptions by several operators. Lithium prices decreased during the quarter and revenue was also impacted by lower production at the Tres Quebradas and Grota do Cirilo mines.royalty revenue in the form of dividends from Labrador Iron Ore Royalty Corp. (“LIORC”), which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of Canada (“IOC”), was $1.6 million for the quarter, and comparable to recent periods that have been characterized by limited equity dividends as IOC continues to make investments to improve operational performance.royalty revenue of $13.2 million for the quarter reflects increased ownership for the last two months of the quarter following the acquisition of Northampton’s interest in Altius Renewable Royalties, the continuing commissioning and ramp up of operational stage portfolio projects and $9.0 million in interest and investment income mostly related to the financing of interconnection deposits.Interest and other revenuereflects $1.1 million of interest income duringon the Corporation’s cash balances.Non GAAP Financial Measures1.Management uses the following non-GAAP financial measures: attributable revenue, attributable royalty revenue, adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA), adjusted operating cash flow and adjusted net earnings (loss). Management uses these measures to monitor the financial performance of the Corporation and its operating segments and believes these measures enable investors and analysts to compare the Corporation’s financial performance with its competitors and/or evaluate the results of its underlying business. These measures are intended to provide additional information, not to replace International Financial Reporting Standards (IFRS) measures, and do not have a standard definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. As these measures do not have a standardized meaning, they may not be comparable to similar measures provided by other companies. Further information on the composition and usefulness of each non-GAAP financial measure, including reconciliation to their most directly comparable IFRS measures, is included in the non-GAAP financial measures section of our MD&A.This advertisement has not loaded yet, but your article continues below.Third Quarter 2026 Financial Results Conference Call and Webcast DetailsAdditional details relating to individual royalty performances and asset level developments will be provided with the release of our financial results, which will occur on November 10, 2026 after the close of market, with a conference call to follow on November 11, 2026.Toll Free Dial-In Number: +1-800-717-1738 International Dial-In Number: +1-289-514-5100 Conference Call Title and ID:Altius Minerals Q3 2026 Financial Results, ID 18238(without operator assistance)Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership. These macro-trends each hold the potential to cause higher demand for many of Altius’s commodity exposures including potash, high purity iron ore, electricity, base metals, and gold. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for royalties and that has a demonstrated track record of driving outsized direct returns from its overall royalty investment portfolio. Altius has 58,754,253 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of the S&P/TSX Composite, the S&P/TSX Global Mining Indices, S&P/TSX Canadian Dividend Aristocrats Index and the FTSE Global Small Cap Index.Forward-looking informationThis news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management’s expectations. In certain cases, forward‐looking information may be identified by such terms as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Although Altius believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulations.1Participants can join the call without operator assistance and will receive an automatic callback after entering personal detailsView source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.