Potash portfolio revenue during the quarter was
During the quarter both operators of the mines comprising the Corporation's potash royalty portfolio signalled intentions to incrementally increase production rates over the next few years through debottlenecking and growth investments in response to projected global supply deficits for the key fertilizer component.
Base and battery metal (primarily copper) revenue of
Mine production at the 777 mine ended during the quarter upon the depletion of reserves, with small royalty payments expected for the balance of this year related to residual processing and sales.
Iron ore revenue in the form of dividends from
Thermal (electrical) coal revenue of
Renewable energy and other royalty revenue included approximately
Second Quarter 2022 Financial Results Conference Call and Webcast Details
Additional details relating to individual royalty performances and asset level developments will be provided with the release of full financial results, which will occur on
Date:
Time:
Toll Free Dial-In Number: +1 (888) 440-2151
International Dial-In Number: +1 (438) 803-0555
Conference Call Title and ID: Altius Q2 2022 Results, ID 6430950
Webcast Link: Q2 2022 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 47,764,588 common shares issued and outstanding that are listed on
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 regulation.
Contact:
Email: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: +1(416)346.9020
Email: Blewis@altiusminerals.com
Tel: 1.877.576.2209
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