Latest news with #AltiusMinerals
Globe and Mail
3 minutes ago
- Business
- Globe and Mail
Altius Reports Q2 2025 Attributable Royalty Revenue of $12.7M and Adjusted Earnings(1) of $1.6M
Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) ('Altius' or the 'Corporation') reports its Q2 2025 revenue of $9.8 million compared to $19.5 million in Q2 2024. Attributable royalty revenue (1) of $12.7 million ($0.27 per share (1)) compares to $20.4 million ($0.44 per share) reported in Q2 2024. The current quarter reflects lower attributable potash volumes and lower dividends from iron ore partially offset by higher base metal prices. Revenue in Q2 2024 included additional investment income of $3.6 million related to settlement of a loan receivable. Operating Royalty Portfolio Performance Summary of attributable royalty revenue Q2 2025 Q1 2025 Q2 2024 Base and battery metals $ 4,694 $ 6,840 $ 5,474 Potash 4,115 3,894 4,755 Renewable energy (1) 2,100 1,648 1,219 Iron ore (2) 1,122 1,870 4,114 Interest and investment (1) 638 703 4,806 Attributable royalty revenue $ 12,669 $ 14,955 $ 20,368 (1) ARR and GBR amounts are presented at their effective ownership percentages of 57% and 29%, respectively (2) Labrador Iron Ore Royalty Corporation dividends Quarterly Highlights & Subsequent Events Lundin Mining Corporation ('Lundin') continues to delineate its Saúva copper-gold deposit discovery, located 15 kilometers north of the Chapada Mine on lands encompassed by our copper stream interest. Lundin recently provided an update with respect to preliminary plans to incorporate higher grade Saúva ore into its current mining and milling operations at Chapada, while indicating that this could result in an approximately 50% increase in annual copper production. Permitting and technical work is ongoing to further define the project and a pre-feasibility study is anticipated to be completed by the end of this year. Both operators of Altius's potash royalty mines have reported strong first half sales and indicated expectations for record global potash demand in 2025 in addition to firmer pricing while noting reported production constraints as well as significant development project delays by several competing producers. On April 23, 2025 Silvercorp Metals Inc. ("Silvercorp") updated its construction progress and budget for the development of the Curipamba copper-zinc-gold-silver project citing an estimated capital cost of $240.5 million while noting that it is targeting production by the end of 2026. Altius holds a 2% NSR royalty relating to the project. On July 23, the Corporation announced that Altius Royalty Corporation ('ARC'), a wholly-owned subsidiary of Altius, completed the sale of a 1% NSR royalty covering the Silicon and Merlin gold deposit discoveries in Nevada ('1% Silicon Royalty') to a wholly owned subsidiary of Franco-Nevada Corporation ('Franco-Nevada') (TSX & NYSE: FNV), pursuant to a royalty purchase agreement entered into by ARC and Franco-Nevada (the 'Agreement'). ARC will continue to hold a remaining 0.5% NSR royalty interest in Silicon (recently renamed to the Arthur Gold Project by AngloGold Ashanti plc) as a long-term component of its diversified portfolio. The purchase price for the 1% Silicon Royalty interest is US$275 million (~C$ 375 million) comprised of US$250 million in upfront cash paid at closing and a further payment of US$25 million in cash payable upon the conclusion of an ongoing arbitration process (described earlier this year) confirming that the Silicon Royalty applies to (a) all claims designated by the parties as a 'Critical Area' and (b) at least 90% of the total claims (on an aggregate number of claims basis) comprising the list of properties specified in the Agreement. On July 9, 2025, Orogen Royalties Inc. ("Orogen") completed a plan of arrangement with Triple Flag Precious Metals Corp. ("Triple Flag") resulting in Triple Flag's acquisition of Orogen's 1.0% NSR royalty on the Expanded Silicon project in Nevada. Triple Flag acquired all the issued and outstanding common shares of Orogen for total consideration of approximately $421 million, or $2 per share. In exchange for Orogen shares, Altius received cash of $29,545,000, 1,147,710 Triple Flag shares (which were subsequently monetized for gross proceeds of $37 million) and 9,889,490 shares (16.7%) of a spin out company ('Orogen SpinCo') that will hold all of Orogen's assets and liabilities other than the 1.0% NSR royalty on the Expanded Silicon project. This resulted in total gross proceeds to Altius of approximately $81 million. Orogen SpinCo will continue to operate as Orogen Royalties and remains as a publicly listed company. Altius also continues to conduct exploration work in partnership with Orogen SpinCo in Nevada including targeting Silicon-like gold projects as well as copper projects. In July Champion Iron Limited ("Champion") announced that it has entered into a definitive framework agreement implementing the agreement signed in December 2024, with Nippon Steel Corporation ('Nippon') and Sojitz Corporation ('Sojitz') pursuant to which the two parties have agreed to initially contribute $245 million for an aggregate 49% interest in Kami Iron Mine Partnership (the "Partnership"), a new entity formed for the ownership and potential development of the Kami Project. Nippon also announced on May 30 its sanctioning of a US$6 billion investment to convert more of its traditional blast furnace steelmaking units in Japan to electric arc furnace based plants that will require high purity iron ore inputs of the type that Kami is being designed to produce. Altius originated the Kami project within its PG business and retains a 3% gross sales royalty interest. Adjusted EBITDA (1) of $7.5 million ($0.16 per share (1)) during Q2 2025 compares to $14.5 million ($0.31 per share) during Q2 2024. Q2 2025 adjusted operating cash flow (1) of $4.7 million ($0.10 per share (1)) compares to $8.3 million ($0.18 per share) in Q2 2024. The decrease reflects lower taxes paid offset by lower royalty revenue receipts as well as working capital changes. Net earnings of $5.5 million ($0.12 per share) for Q2 2025 compares to net earnings of $8.3 million ($0.18 per share) in Q2 2024. Net earnings for the current quarter reflects lower costs and expenses, amortization and interest offset by lower revenues. Adjusted net earnings per share (1) of $0.03 for Q2 2025 is lower than $0.09 per share for Q2 2024 and follows the trend of revenue. The main adjusting items are summarized in the below table and include a $1.9 million tax recovery relating to the recognition of certain tax losses. Adjusted Net Earnings Three months ended June 30, 2025 June 30, 2024 Net earnings attributable to common shareholders $ 5,347 $ 8,443 Addback (deduct): Unrealized (gain) loss on fair value adjustment of derivatives (802 ) 3,465 Foreign exchange (gain) loss (1,754 ) 289 Exploration and evaluation assets abandoned or impaired 12 161 Realized gain on disposal of derivatives – (3,340 ) Non-recurring other income – (4,259 ) Impairment of associate – 1,579 Tax impact (1) (1,215 ) (2,336 ) Adjusted net earnings $ 1,588 $ 4,002 (1) Includes tax recovery from recognition of certain tax losses Liquidity and Capital Allocation Summary Cash and cash equivalents at June 30, 2025 were $11.1 million, compared to $15.9 million at the end of 2024. At June 30, 2025 the approximate market value of various public equity holdings included: $106 million for shares of Labrador Iron Ore Royalty Corp. $25 million for the value of the indirectly held interest in the shares of Lithium Royalty Corporation. $87 million for publicly traded shares held within the Project Generation equity portfolio, including $75.6 million in Orogen Royalties Inc. which subsequent to June 30 was acquired by Triple Flag. During the quarter the Corporation made scheduled debt repayments of $2.0 million, paid cash dividends of $3.8 million and issued 14,058 shares under the dividend reinvestment plan. The Corporation did not repurchase any shares under its normal course issuer bid. At June 30, 2025 the Corporation carried a balance of $93.3 million under its term debt facilities and $9.0 million under its revolving credit facility. Following the sale of the 1% Silicon royalty and the closing of the Triple Flag acquisition of Orogen the Corporation expects to have cash, after taxes and fees payable to financial and legal advisors, of approximately $360 million, with total liquidity increasing to $540 million. This includes $116 million available under the revolving credit facility as well as $62.5 million potentially available as an accordion feature, subject to certain criteria under the terms of its credit facility. Dividend Declaration The Corporation's board of directors has declared a quarterly dividend of $0.10 per share, which represents an increase of 11% over recent quarterly amounts, payable to all shareholders of record at the close of business on August 29, 2025. The dividend is expected to be paid on or about September 15, 2025. This dividend is eligible for payment in common shares under the Dividend Reinvestment Plan (DRIP) announced by press release May 20, 2020, and available to shareholders who are Canadian residents or residents of countries outside the United States. In order to be eligible to participate in respect of the September 15, 2025 dividend, non-registered shareholders must provide instruction to their brokerage and registered shareholders must provide completed enrollment forms to the transfer agent by August 22, 2025, five business days prior to record date. Stock market purchases made under the DRIP for the September 15, 2025 payment will be satisfied by issuance from treasury at the 5 day volume weighted average price ending at the close of trading the day before payment date. Shareholders who have already provided instruction to be enrolled previously will continue to be enrolled unless they direct otherwise. For more information, please see Altius Minerals Corporation Dividend Reinvestment Plan. Participation in the DRIP is optional and will not impact any cash dividends payable to shareholders who do not elect to participate in the DRIP. The declaration, timing and payment of future dividends will largely depend on the Corporation's financial results as well as other factors. Dividends paid by Altius on its common shares are eligible dividends for Canadian income tax purposes unless otherwise stated. Non-GAAP Financial Measures 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. Second Quarter 2025 Financial Results Conference Call and Webcast Details Date: August 12, 2025 Time: 9:00 AM EDT Toll Free Dial-In Number: +1-800-717-1738 International Dial-In Number: +1-289-514-5100 Conference Call Title and ID: Altius Minerals Q2 2025 Financial Results, ID 06104 Webcast Link: Q2 2025 Financial Results About Altius 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 sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius's commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 46,315,304 common shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is included in each of the S&P/TSX Small Cap, the S&P/TSX Global Mining, and the S&P/TSX Canadian Dividend Aristocrats indices. Forward-looking information This 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.
National Post
33 minutes ago
- Business
- National Post
Altius Reports Q2 2025 Attributable Royalty Revenue of $12.7M and Adjusted Earnings(1) of $1.6M
Article content All references in thousands of Canadian dollars, except per share amounts, unless otherwise indicated Article content ST. JOHN'S, Newfoundland and Labrador — Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) ('Altius' or the 'Corporation') reports its Q2 2025 revenue of $9.8 million compared to $19.5 million in Q2 2024. Attributable royalty revenue (1) of $12.7 million ($0.27 per share (1)) compares to $20.4 million ($0.44 per share) reported in Q2 2024. The current quarter reflects lower attributable potash volumes and lower dividends from iron ore partially offset by higher base metal prices. Revenue in Q2 2024 included additional investment income of $3.6 million related to settlement of a loan receivable. Article content Article content Operating Royalty Portfolio Performance Article content Quarterly Highlights & Subsequent Events Article content Lundin Mining Corporation ('Lundin') continues to delineate its Saúva copper-gold deposit discovery, located 15 kilometers north of the Chapada Mine on lands encompassed by our copper stream interest. Lundin recently provided an update with respect to preliminary plans to incorporate higher grade Saúva ore into its current mining and milling operations at Chapada, while indicating that this could result in an approximately 50% increase in annual copper production. Permitting and technical work is ongoing to further define the project and a pre-feasibility study is anticipated to be completed by the end of this year. Both operators of Altius's potash royalty mines have reported strong first half sales and indicated expectations for record global potash demand in 2025 in addition to firmer pricing while noting reported production constraints as well as significant development project delays by several competing producers. On April 23, 2025 Silvercorp Metals Inc. ('Silvercorp') updated its construction progress and budget for the development of the Curipamba copper-zinc-gold-silver project citing an estimated capital cost of $240.5 million while noting that it is targeting production by the end of 2026. Altius holds a 2% NSR royalty relating to the project. On July 23, the Corporation announced that Altius Royalty Corporation ('ARC'), a wholly-owned subsidiary of Altius, completed the sale of a 1% NSR royalty covering the Silicon and Merlin gold deposit discoveries in Nevada ('1% Silicon Royalty') to a wholly owned subsidiary of Franco-Nevada Corporation ('Franco-Nevada') (TSX & NYSE: FNV), pursuant to a royalty purchase agreement entered into by ARC and Franco-Nevada (the 'Agreement'). ARC will continue to hold a remaining 0.5% NSR royalty interest in Silicon (recently renamed to the Arthur Gold Project by AngloGold Ashanti plc) as a long-term component of its diversified portfolio. The purchase price for the 1% Silicon Royalty interest is US$275 million (~C$ 375 million) comprised of US$250 million in upfront cash paid at closing and a further payment of US$25 million in cash payable upon the conclusion of an ongoing arbitration process (described earlier this year) confirming that the Silicon Royalty applies to (a) all claims designated by the parties as a 'Critical Area' and (b) at least 90% of the total claims (on an aggregate number of claims basis) comprising the list of properties specified in the Agreement. On July 9, 2025, Orogen Royalties Inc. ('Orogen') completed a plan of arrangement with Triple Flag Precious Metals Corp. ('Triple Flag') resulting in Triple Flag's acquisition of Orogen's 1.0% NSR royalty on the Expanded Silicon project in Nevada. Triple Flag acquired all the issued and outstanding common shares of Orogen for total consideration of approximately $421 million, or $2 per share. In exchange for Orogen shares, Altius received cash of $29,545,000, 1,147,710 Triple Flag shares (which were subsequently monetized for gross proceeds of $37 million) and 9,889,490 shares (16.7%) of a spin out company ('Orogen SpinCo') that will hold all of Orogen's assets and liabilities other than the 1.0% NSR royalty on the Expanded Silicon project. This resulted in total gross proceeds to Altius of approximately $81 million. Orogen SpinCo will continue to operate as Orogen Royalties and remains as a publicly listed company. Altius also continues to conduct exploration work in partnership with Orogen SpinCo in Nevada including targeting Silicon-like gold projects as well as copper projects. In July Champion Iron Limited ('Champion') announced that it has entered into a definitive framework agreement implementing the agreement signed in December 2024, with Nippon Steel Corporation ('Nippon') and Sojitz Corporation ('Sojitz') pursuant to which the two parties have agreed to initially contribute $245 million for an aggregate 49% interest in Kami Iron Mine Partnership (the 'Partnership'), a new entity formed for the ownership and potential development of the Kami Project. Nippon also announced on May 30 its sanctioning of a US$6 billion investment to convert more of its traditional blast furnace steelmaking units in Japan to electric arc furnace based plants that will require high purity iron ore inputs of the type that Kami is being designed to produce. Altius originated the Kami project within its PG business and retains a 3% gross sales royalty interest. Article content Adjusted EBITDA (1) of $7.5 million ($0.16 per share (1)) during Q2 2025 compares to $14.5 million ($0.31 per share) during Q2 2024. Article content Q2 2025 adjusted operating cash flow (1) of $4.7 million ($0.10 per share (1)) compares to $8.3 million ($0.18 per share) in Q2 2024. The decrease reflects lower taxes paid offset by lower royalty revenue receipts as well as working capital changes. Article content Net earnings of $5.5 million ($0.12 per share) for Q2 2025 compares to net earnings of $8.3 million ($0.18 per share) in Q2 2024. Net earnings for the current quarter reflects lower costs and expenses, amortization and interest offset by lower revenues. Adjusted net earnings per share (1) of $0.03 for Q2 2025 is lower than $0.09 per share for Q2 2024 and follows the trend of revenue. The main adjusting items are summarized in the below table and include a $1.9 million tax recovery relating to the recognition of certain tax losses. Article content Adjusted Net Earnings Three months ended June 30, 2025 June 30, 2024 Net earnings attributable to common shareholders $ 5,347 $ 8,443 Addback (deduct): Unrealized (gain) loss on fair value adjustment of derivatives (802 ) 3,465 Foreign exchange (gain) loss (1,754 ) 289 Exploration and evaluation assets abandoned or impaired 12 161 Realized gain on disposal of derivatives – (3,340 ) Non-recurring other income – (4,259 ) Impairment of associate – 1,579 Tax impact (1) (1,215 ) (2,336 ) Adjusted net earnings $ 1,588 $ 4,002 (1) Includes tax recovery from recognition of certain tax losses Article content Liquidity and Capital Allocation Summary Article content Cash and cash equivalents at June 30, 2025 were $11.1 million, compared to $15.9 million at the end of 2024. At June 30, 2025 the approximate market value of various public equity holdings included: Article content $106 million for shares of Labrador Iron Ore Royalty Corp. $25 million for the value of the indirectly held interest in the shares of Lithium Royalty Corporation. $87 million for publicly traded shares held within the Project Generation equity portfolio, including $75.6 million in Orogen Royalties Inc. which subsequent to June 30 was acquired by Triple Flag. Article content During the quarter the Corporation made scheduled debt repayments of $2.0 million, paid cash dividends of $3.8 million and issued 14,058 shares under the dividend reinvestment plan. The Corporation did not repurchase any shares under its normal course issuer bid. At June 30, 2025 the Corporation carried a balance of $93.3 million under its term debt facilities and $9.0 million under its revolving credit facility. Article content Following the sale of the 1% Silicon royalty and the closing of the Triple Flag acquisition of Orogen the Corporation expects to have cash, after taxes and fees payable to financial and legal advisors, of approximately $360 million, with total liquidity increasing to $540 million. This includes $116 million available under the revolving credit facility as well as $62.5 million potentially available as an accordion feature, subject to certain criteria under the terms of its credit facility. Article content Dividend Declaration Article content The Corporation's board of directors has declared a quarterly dividend of $0.10 per share, which represents an increase of 11% over recent quarterly amounts, payable to all shareholders of record at the close of business on August 29, 2025. The dividend is expected to be paid on or about September 15, 2025. Article content This dividend is eligible for payment in common shares under the Dividend Reinvestment Plan (DRIP) announced by press release May 20, 2020, and available to shareholders who are Canadian residents or residents of countries outside the United States. Article content In order to be eligible to participate in respect of the September 15, 2025 dividend, non-registered shareholders must provide instruction to their brokerage and registered shareholders must provide completed enrollment forms to the transfer agent by August 22, 2025, five business days prior to record date. Stock market purchases made under the DRIP for the September 15, 2025 payment will be satisfied by issuance from treasury at the 5 day volume weighted average price ending at the close of trading the day before payment date. Shareholders who have already provided instruction to be enrolled previously will continue to be enrolled unless they direct otherwise. For more information, please see Altius Minerals Corporation Dividend Reinvestment Plan. Participation in the DRIP is optional and will not impact any cash dividends payable to shareholders who do not elect to participate in the DRIP. The declaration, timing and payment of future dividends will largely depend on the Corporation's financial results as well as other factors. Dividends paid by Altius on its common shares are eligible dividends for Canadian income tax purposes unless otherwise stated. Article content 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. Article content Second Quarter 2025 Financial Results Conference Call and Webcast Details Article content Date: Article content August 12, 2025 Article content Time: Article content 9:00 AM EDT Article content Article content Toll Free Dial-In Number: +1-800-717-1738 Article content International Dial-In Number: +1-289-514-5100 Article content Conference Call Title and ID: Article content Altius Minerals Q2 2025 Financial Results, ID 06104 Article content Article content Webcast Link: Article content Q2 2025 Financial Results Article content About Altius Article content 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 sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius's commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 46,315,304 common shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is included in each of the S&P/TSX Small Cap, the S&P/TSX Global Mining, and the S&P/TSX Canadian Dividend Aristocrats indices. Article content Forward-looking information Article content This 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. Article content Article content Article content Article content Article content Contacts Article content Flora Wood Article content Article content Email: Article content Fwood@ Article content Article content Tel: 1.877.576.2209 Article content Article content Direct: +1(416)346.9020 Article content Ben Lewis Article content Article content Email: Article content Article content Article content
Yahoo
03-08-2025
- Business
- Yahoo
Franco-Nevada (FNV) Expands Nevada Royalty Portfolio with $250M Arthur Gold Deal
Franco-Nevada Corporation (NYSE:FNV) is one of the best stocks to buy amid gold rally. On July 23, Franco-Nevada Corporation, through its wholly-owned subsidiary, acquired a 1.0% net smelter return (NSR) royalty on AngloGold Ashanti's Arthur Gold Project, formerly the Expanded Silicon Project. The royalty was purchased from Altius Minerals Corporation for $250 million in cash, with an additional $25 million payable pending arbitration outcomes. A close-up shot of a corporate executive evaluating a financial instrument. Franco-Nevada's new royalty covers a major part of the Merlin and Silicon gold deposits in Nevada and comes with no reductions or buyout options. The Arthur Gold Project has grown significantly, with gold resources rising 20% in a year—now totaling 3.4 million ounces of indicated and 12.9 million ounces of inferred resources. As of the end of 2024, 430 kilometers of drilling had been completed, including 132 kilometers just that year. AngloGold, a top-tier mining company, plans to finish an early study by late 2025 or early 2026 for a large gold operation. Franco-Nevada paid using cash on hand and borrowed $175 million from its $1 billion credit line. The deal qualifies for tax benefits. If a legal decision supports Altius' wider royalty claims, Franco-Nevada will pay an extra $25 million. Altius still holds a smaller 0.5% royalty and Franco-Nevada has the right to buy it first if it's sold. Franco-Nevada Corporation (NYSE:FNV) is a gold-focused royalty and streaming company. It manages a diversified portfolio of cash-flow producing assets across precious metals, energy, and other commodities. The company's core business involves acquiring royalties and metal streams from mining operations, providing investors with exposure to gold prices and exploration upside while avoiding direct operational risks. While we acknowledge the potential of FNV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 登入存取你的投資組合
Yahoo
23-07-2025
- Business
- Yahoo
Altius Completes Sale of 2/3 of its Silicon Gold 1.5% NSR to Franco-Nevada
Altius Retains 0.5% NSR interest as Long-Term Portfolio Component ST. JOHN'S, Newfoundland and Labrador, July 23, 2025--(BUSINESS WIRE)--Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) Altius Minerals Corporation ("Altius") is pleased to announce that Altius Royalty Corporation ("ARC"), a wholly-owned subsidiary of Altius, has completed the sale of a 1% NSR royalty covering the Silicon and Merlin gold deposit discoveries in Nevada ("1% NSR Silicon Royalty") to a wholly owned subsidiary of Franco-Nevada Corporation ("Franco-Nevada") (TSX & NYSE: FNV) ("The Transaction"), pursuant to a royalty purchase agreement entered into by ARC and Franco-Nevada (the "Agreement"). ARC will continue to hold a remaining 0.5% NSR royalty interest in Silicon (recently renamed to the Arthur Gold Project by AngloGold Ashanti plc ("AGA") as a long-term component of its diversified portfolio. The purchase price for the 1% NSR Silicon Royalty interest is US$ 275 million (~ C$ 375 million) comprised of US$ 250 million in upfront cash paid at closing and a further payment of US $25 million in cash payable upon the conclusion of an ongoing arbitration process that confirms the area subject to the royalty under final award to be consistent with Altius's interpretation of the partial award of the arbitration tribunal that was issued and reported on earlier this year. The Board of Directors of Altius has received a fairness opinion from Cormark Securities Inc. which opinion concluded that, based upon and subject to the assumptions made, procedures followed, matters considered, limitations and qualifications set out therein, the consideration to be received by ARC pursuant to the Transaction is fair, from a financial point of view, to ARC. Brian Dalton, CEO of Altius commented, "We are pleased to partner with Franco-Nevada on this royalty, which encompasses AGA's world-class Silicon and Merlin gold deposit discoveries in Nevada, as well as extensive areas of prospective surrounding land. The Transaction crystallizes significant value for shareholders while further demonstrating the ability of Altius's Project Generation business to amplify the return profile of its overall royalty investment portfolio. The decision to retain a third of our Silicon royalty interest also provides continuing growth exposure to this emerging gold district, while confirming the addition of precious metals as a long-term, well-balanced component of our shareholder's diversified royalty portfolio. We now look forward to the ability to explore a wider set of capital allocation and deployment opportunities, facilitated by a considerably strengthened balance sheet and liquidity profile, and to further growing shareholder value." Anticipated Benefits to Altius Shareholders Capital Allocation Opportunities Cash, after taxes and fees, expected to increase to more than C$ 360 million (assumes up front and further payment proceeds from this Transaction and also from the recent acquisition of Orogen Royalties Inc. by Triple Flag Precious Metals Corp.) Total liquidity increased to more than C$ 540 million (including C$ 116 million available under a revolving credit facility and C$ 62.5 million potentially available under an accordion feature) Creates enhanced flexibility to evaluate external M&A opportunities while limiting equity level dilution of existing assets and the embedded growth potential of our portfolio Improves ability to opportunistically increase per share exposure to existing royalty interests through share repurchases Retained Royalty Exposure Continuing optionality exposure to gold resource growth1 from current ~16 Moz resource estimate at the Arthur Gold Project, as AGA continues aggressive exploration and delineation drilling programs and the reporting of encouraging results Achieves rebalance of commodity exposures while confirming precious metals and another tier-1 quality royalty as components of Altius's long-term, diversified portfolio. For further information, please see the updated Altius corporate presentation posted to the website at 1 See Expanded Silicon Project Update presentation Financial and Legal Advisors Cormark Securities Inc. is acting as financial advisor to Altius. Stikeman Elliott LLP is acting as legal counsel to Altius and ARC. About Altius 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, renewable energy, 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 46,315,304 common shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices and the S&P/TSX Canadian Dividend Aristocrats Index. Forward Looking Information This 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. The information in this news release about the any anticipated benefits of the transaction to Altius Shareholders, timing and results of the ongoing arbitration process in respect of the Silicon royalty and possibility of ARC being paid contingent consideration of US$25 million following conclusion thereof, and any other information herein that is not a historical fact may be forward looking information. 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. View source version on Contacts For further information, please contact:Flora WoodEmail: Fwood@ Tel: 1.877.576.2209Direct: 1.416.346.9020 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
23-07-2025
- Business
- National Post
Altius Completes Sale of 2/3 of its Silicon Gold 1.5% NSR to Franco-Nevada
Article content ST. JOHN'S, Newfoundland and Labrador — Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) Altius Minerals Corporation ('Altius') is pleased to announce that Altius Royalty Corporation ('ARC'), a wholly-owned subsidiary of Altius, has completed the sale of a 1% NSR royalty covering the Silicon and Merlin gold deposit discoveries in Nevada ('1% NSR Silicon Royalty') to a wholly owned subsidiary of Franco-Nevada Corporation ('Franco-Nevada') (TSX & NYSE: FNV) ('The Transaction'), pursuant to a royalty purchase agreement entered into by ARC and Franco-Nevada (the 'Agreement'). ARC will continue to hold a remaining 0.5% NSR royalty interest in Silicon (recently renamed to the Arthur Gold Project by AngloGold Ashanti plc ('AGA') as a long-term component of its diversified portfolio. Article content Article content The purchase price for the 1% NSR Silicon Royalty interest is US$ 275 million (~ C$ 375 million) comprised of US$ 250 million in upfront cash paid at closing and a further payment of US $25 million in cash payable upon the conclusion of an ongoing arbitration process that confirms the area subject to the royalty under final award to be consistent with Altius's interpretation of the partial award of the arbitration tribunal that was issued and reported on earlier this year. Article content The Board of Directors of Altius has received a fairness opinion from Cormark Securities Inc. which opinion concluded that, based upon and subject to the assumptions made, procedures followed, matters considered, limitations and qualifications set out therein, the consideration to be received by ARC pursuant to the Transaction is fair, from a financial point of view, to ARC. Article content Brian Dalton, CEO of Altius commented, 'We are pleased to partner with Franco-Nevada on this royalty, which encompasses AGA's world-class Silicon and Merlin gold deposit discoveries in Nevada, as well as extensive areas of prospective surrounding land. The Transaction crystallizes significant value for shareholders while further demonstrating the ability of Altius's Project Generation business to amplify the return profile of its overall royalty investment portfolio. The decision to retain a third of our Silicon royalty interest also provides continuing growth exposure to this emerging gold district, while confirming the addition of precious metals as a long-term, well-balanced component of our shareholder's diversified royalty portfolio. We now look forward to the ability to explore a wider set of capital allocation and deployment opportunities, facilitated by a considerably strengthened balance sheet and liquidity profile, and to further growing shareholder value.' Article content Anticipated Benefits to Altius Shareholders Article content Capital Allocation Opportunities Article content Cash, after taxes and fees, expected to increase to more than C$ 360 million (assumes up front and further payment proceeds from this Transaction and also from the recent acquisition of Orogen Royalties Inc. by Triple Flag Precious Metals Corp.) Total liquidity increased to more than C$ 540 million (including C$ 116 million available under a revolving credit facility and C$ 62.5 million potentially available under an accordion feature) Creates enhanced flexibility to evaluate external M&A opportunities while limiting equity level dilution of existing assets and the embedded growth potential of our portfolio Improves ability to opportunistically increase per share exposure to existing royalty interests through share repurchases Article content Retained Royalty Exposure Article content Continuing optionality exposure to gold resource growth 1 from current ~16 Moz resource estimate at the Arthur Gold Project, as AGA continues aggressive exploration and delineation drilling programs and the reporting of encouraging results Achieves rebalance of commodity exposures while confirming precious metals and another tier-1 quality royalty as components of Altius's long-term, diversified portfolio. Article content For further information, please see the updated Altius corporate presentation posted to the website at 1 See Expanded Silicon Project Update presentation Financial and Legal Advisors Cormark Securities Inc. is acting as financial advisor to Altius. Stikeman Elliott LLP is acting as legal counsel to Altius and ARC. Article content About Altius Article content 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, renewable energy, 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 46,315,304 common shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices and the S&P/TSX Canadian Dividend Aristocrats Index. Article content This 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. The information in this news release about the any anticipated benefits of the transaction to Altius Shareholders, timing and results of the ongoing arbitration process in respect of the Silicon royalty and possibility of ARC being paid contingent consideration of US$25 million following conclusion thereof, and any other information herein that is not a historical fact may be forward looking information. 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. Article content Article content Article content Article content Article content Contacts Article content For further information, please contact: Flora Wood Article content Email: Article content Article content Article content
