Altius Minerals Corporation is a metal and mining royalty company that primarily focuses on royalty business through project generation, creation and acquisition of royalties.
The Canadian company has a royalty interest in various mining exploration and development projects that produce precious metals and base metals such as gold, silver, copper, zinc, clean iron ore, lithium, nickel, cobalt, potash, and coal/bed methane and steelmaking coal.
The company also owns an interest in several pre-development stage projects and preliminary mining properties. In addition, Altius Minerals owns a diversified portfolio of royalty assets with a high operational margin and long productive life.
The royalty-focused company operates under three segments: mineral royalties, renewable royalties and project generation.
The company claims that due to emerging sustainability requirements across the globe, there is a high demand for clean energy and renewable energy commodities such as clean batteries based on lithium, nickel and other principal metals and renewably sourced electricity.
Altius Minerals Corporation earns royalty from more than 16 in-production assets, exploration and development projects across the United States, Canada and Brazil. It reportedly receives four per cent of the royalty payment or net smelter return from Hudbay Minerals’ 777 property in Manitoba.
In addition, the royalty-focused company also receives NSR/GSR/revenues from two Western-Canada based coal mines and 0.3 per cent royalty from Vale’s nickel-copper-cobalt mine in Labrador.
Altius Minerals also earns a 3.7 per cent of stream interest from Lundin Mining’s exclusive copper property, Chapada Mine in Brazil and a royalty on the Gunnison copper mine in the United States.
The mining royalty company also owns an equity stake in Labrador Iron Ore Royalty Company and reportedly generates iron ore royalty revenue via regular dividend distribution by the latter.
In February 2021, its subsidiary, Altius Renewable Royalties Corporation, went public with an initial public offering of $100.1 million. Its stocks regularly trade on the Toronto Stock Exchange (TSX) with the ‘ARR’ quote.
Altius Mineral Corporation’s stocks trade on TSX under ticker ‘ALS’. In addition, the company is included in two market indexes: S&P/TSX Global Mining Index and S&P/TSX Small Cap Index.