Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. Independent Director Teresa Conway was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annonce • May 14
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About June 15, 2026 Altius Minerals Corporation board of directors has declared a quarterly dividend of $0.10 per share, payable to all shareholders of record at the close of business on May 29, 2026. The dividend is expected to be paid on or about June 15, 2026. Annonce • Apr 21
Altius Minerals Corporation to Report Q1, 2026 Results on May 12, 2026 Altius Minerals Corporation announced that they will report Q1, 2026 results After-Market on May 12, 2026 Annonce • Mar 11
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About April 02, 2026 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.10 per share, payable to all shareholders of record at the close of business on March 19, 2026. The dividend is expected to be paid on or about April 02, 2026. Annonce • Mar 03
Altius Minerals Corporation, Annual General Meeting, May 13, 2026 Altius Minerals Corporation, Annual General Meeting, May 13, 2026. Annonce • Jan 27
Altius Minerals Corporation to Report Q4, 2025 Results on Mar 10, 2026 Altius Minerals Corporation announced that they will report Q4, 2025 results After-Market on Mar 10, 2026 Annonce • Dec 22
Altius Minerals Corporation (TSX:ALS) entered into a definitive agreement to acquire Lithium Royalty Corp. (TSX:LIRC) for approximately CAD 300 million. Altius Minerals Corporation (TSX:ALS) entered into a definitive agreement to acquire Lithium Royalty Corp. (TSX:LIRC) for approximately CAD 300 million on December 22, 2025. The Agreed Price is payable by Altius at the shareholders’ election as CAD 9.50 in cash or 0.240 of a common share of Altius (the “Altius Shares”), subject to proration to ensure the aggregate cash consideration represents no more than 1/3 of the aggregate consideration and the share consideration represents no more than 11,500,000 Altius Shares. LRC shareholders who do not elect cash or Altius Shares (subject to proration) will receive default consideration of CAD 3.16 per LRC Share in cash and 0.16 Altius Shares per LRC Share. A break fee of CAD 23.4 million is payable to Altius by LRC under specified events including if the Arrangement Agreement is terminated as a result of a superior proposal and in the event the LRC Board changes its recommendation for shareholders to vote in favour of the Transaction
The transaction is subject to customary closing conditions including approval by receipt of any required regulatory approvals under the Competition Act and customary stock exchange approvals, approval of merger agreement by target board, approval of offer by target shareholders, customary non-solicitation provisions, subject to court approval and approval of a simple majority of the minority of the votes cast by holders of subordinate voting shares excluding Royal Capital limited partnership shareholders and any other shareholders required to be excluded in accordance with MI 61-101. The expected completion of the transaction is in first quarter of 2026.
McCarthy Tétrault LLP acted as legal advisor for Altius Minerals Corporation. Scotia Capital Inc. acted as financial advisor for Altius Minerals Corporation. Annonce • Nov 12
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About December 15, 2025 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.10 per share, payable to all shareholders of record at the close of business on November 28, 2025. The dividend is expected to be paid on or about December 15, 2025. Annonce • Oct 14
Altitude Minerals Ltd (ASX:ATT) signed a purchase and sale agreement to acquire Firenze gold-silver project in Nevada, USA from Orogen Royalties Inc. (TSXV:OGN) and Altius Minerals Corporation (TSX:ALS) for $0.43 million. Altitude Minerals Ltd (ASX:ATT) signed a purchase and sale agreement to acquire Firenze gold-silver project in Nevada, USA from Orogen Royalties Inc. (TSXV:OGN) and Altius Minerals Corporation (TSX:ALS) for $0.43 million on October 14, 2025. The consideration consists of $0.43 million where, $0.3 million is paid at the time of signing a Letter of Intent, $0.1 million on signing the agreement, and $0.3 million in cash or shares on or before November 30, 2025, at the election of Altitude. Altitude will also grant a 3% net smelter return ("NSR") royalty of which 1% can be purchased for $1.5 million. Annonce • Aug 12
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About September 15, 2025 Altius Minerals 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. Annonce • Jul 16
Altius Minerals Corporation to Report Q2, 2025 Results on Aug 11, 2025 Altius Minerals Corporation announced that they will report Q2, 2025 results After-Market on Aug 11, 2025 Annonce • Jul 10
Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others. Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others for approximately CAD 330 million on April 21, 2025. Pursuant to the Transaction, Orogen shareholders may elect to receive either CAD 1.63 in cash or 0.05355 of a Triple Flag share per each Orogen share held, and will also receive 0.25 shares in the newly created Orogen Spinco, representing approximately CAD 0.37 per each Orogen share. This represents a total consideration of CAD 2.00 per Orogen common share on a fully diluted basis, calculated using the closing price of Triple Flag shares on April 17, 2025 of CAD 30.44. The total consideration paid by Triple Flag (excluding the value of Orogen Spinco) is approximately CAD 343 million. The shareholder election will be subject to pro-ration such that the cash and share portions of the consideration will represent 50% and 50% of the total consideration (excluding the value of Orogen Spinco), respectively. Orogen shareholders who do not elect to receive either Triple Flag shares or cash will be deemed to elect a default consideration of 0.05355 of a Triple Flag share per Orogen share, in addition to 0.25 shares in Orogen Spinco per Orogen share. The transaction includes customary provisions, including non-solicitation by Orogen of alternative transactions, a right of Triple Flag to match superior proposals, and an approximately $12.5 million (CAD 17,266,750) termination fee, payable under certain circumstances. Triple Flag will finance the cash consideration from its existing undrawn $700 million (CAD 966,938,000) credit facility. As of May 28, 2025 Orogen Royalties Inc scheduled the the Meeting of the holders on June 27, 2025 at 10:00 a.m. (Pacific time) to approve a proposed arrangement entered into by the Company and Triple Flag Precious Metals Corp. On June 18, 2025 Orogen Royalties Inc is pleased to announce that Institutional Shareholder Services Inc and other similar advisory firms have each recommended that Orogen shareholders vote FOR the Arrangement Resolution with Triple Flag Precious Metals Corp.
Triple Flag has agreed to separately invest CAD 10 million to obtain an approximate 11% interest in Orogen Spinco. The transaction is to be a court-approved plan of arrangement under the Business Corporations Act (British Columbia) requiring the approval at a special meeting of at least (i) 66 2/3% of votes cast by shareholders of Orogen and (ii) a majority of votes cast by Orogen shareholders excluding the votes attributable to certain members of management. Completion is subject to regulatory and court approvals and other customary closing conditions, including the listing of Orogen Spinco on the TSX.V. The Board of Directors of Triple Flag and the Board of Directors of Orogen have unanimously approved the Transaction and recommend that shareholders vote in favor of the Transaction. Closing is expected in Q3 2025. On June 30, 2025 The deal has been approved by Orogen Shareholder and deal expected to occur on July 9, 2025. The Court hearing for the final order is scheduled to take place on July 2, 2025.
Scotiabank is acting as financial advisor to Triple Flag and Torys LLP is acting as legal counsel to Triple Flag. Scotiabank provided a fairness opinion to the Triple Flag Board of Directors. National Bank Financial is acting as financial advisor to Orogen and Osler, Hoskin & Harcourt LLP is acting as legal counsel to Orogen. National Bank Financial provided a fairness opinion to the Orogen Board of Directors.
Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others on July 9, 2025. Annonce • May 14
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About June 16, 2025 Altius Minerals Corporation declared a quarterly dividend of $0.09 per share, payable to all shareholders of record at the close of business on May 30, 2025. The dividend is expected to be paid on or about June 16, 2025. Annonce • Apr 23
Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others for approximately CAD 330 million. Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others for approximately CAD 330 million on April 21, 2025. Pursuant to the Transaction, Orogen shareholders may elect to receive either CAD 1.63 in cash or 0.05355 of a Triple Flag share per each Orogen share held, and will also receive 0.25 shares in the newly created Orogen Spinco, representing approximately CAD 0.37 per each Orogen share. This represents a total consideration of CAD 2.00 per Orogen common share on a fully diluted basis, calculated using the closing price of Triple Flag shares on April 17, 2025 of CAD 30.44. The total consideration paid by Triple Flag (excluding the value of Orogen Spinco) is approximately CAD 343 million. The shareholder election will be subject to pro-ration such that the cash and share portions of the consideration will represent 50% and 50% of the total consideration (excluding the value of Orogen Spinco), respectively. Orogen shareholders who do not elect to receive either Triple Flag shares or cash will be deemed to elect a default consideration of 0.05355 of a Triple Flag share per Orogen share, in addition to 0.25 shares in Orogen Spinco per Orogen share. The transaction includes customary provisions, including non-solicitation by Orogen of alternative transactions, a right of Triple Flag to match superior proposals, and an approximately $12.5 million (CAD 17,266,750) termination fee, payable under certain circumstances. Triple Flag will finance the cash consideration from its existing undrawn $700 million (CAD 966,938,000) credit facility.
Triple Flag has agreed to separately invest CAD 10 million to obtain an approximate 11% interest in Orogen Spinco. The transaction is to be a court-approved plan of arrangement under the Business Corporations Act (British Columbia) requiring the approval at a special meeting of at least (i) 66 2/3% of votes cast by shareholders of Orogen and (ii) a majority of votes cast by Orogen shareholders excluding the votes attributable to certain members of management. Completion is subject to regulatory and court approvals and other customary closing conditions, including the listing of Orogen Spinco on the TSX.V. The Board of Directors of Triple Flag and the Board of Directors of Orogen have unanimously approved the Transaction and recommend that shareholders vote in favor of the Transaction. Closing is expected in Q3 2025. Scotiabank is acting as financial advisor to Triple Flag and Torys LLP is acting as legal counsel to Triple Flag. Scotiabank provided a fairness opinion to the Triple Flag Board of Directors. National Bank Financial is acting as financial advisor to Orogen and Osler, Hoskin & Harcourt LLP is acting as legal counsel to Orogen. National Bank Financial provided a fairness opinion to the Orogen Board of Directors. Annonce • Apr 18
Altius Minerals Corporation Provides Revenue Guidance for the First Quarter of 2025 Altius Minerals Corporation provided revenue guidance for the first quarter of 2025. For the quarter, the company expected attributable royalty revenue of $15.0 million. Annonce • Apr 17
Altius Minerals Corporation to Report Q1, 2025 Results on May 13, 2025 Altius Minerals Corporation announced that they will report Q1, 2025 results After-Market on May 13, 2025 Annonce • Mar 12
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About April 02, 2025 Altius Minerals Corporation declared a quarterly dividend of $0.09 per share, payable to all shareholders of record at the close of business on March 19, 2025. The dividend is expected to be paid on or about April 02, 2025. Annonce • Mar 04
Altius Minerals Corporation, Annual General Meeting, May 14, 2025 Altius Minerals Corporation, Annual General Meeting, May 14, 2025. Annonce • Jan 28
Altius Minerals Corporation to Report Q4, 2024 Results on Mar 11, 2025 Altius Minerals Corporation announced that they will report Q4, 2024 results After-Market on Mar 11, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: CA$0.06 (vs CA$0.078 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.06 (down from CA$0.078 in 3Q 2023). Revenue: CA$13.0m (down 14% from 3Q 2023). Net income: CA$2.85m (down 23% from 3Q 2023). Profit margin: 22% (down from 24% in 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Declared Dividend • Aug 14
Second quarter dividend of CA$0.09 announced Shareholders will receive a dividend of CA$0.09. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 1.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 18% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 32% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.18 (vs CA$0.065 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.18 (up from CA$0.065 in 2Q 2023). Revenue: CA$19.5m (up 13% from 2Q 2023). Net income: CA$8.44m (up 174% from 2Q 2023). Profit margin: 43% (up from 18% in 2Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annonce • Aug 09
Altius Minerals Corporation Declares Quarterly Dividend , Payable or about September 16, 2024 Altius Minerals Corporation announced that board of directors has declared a quarterly dividend of $0.09 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on August 30, 2024. The dividend is expected to be paid on or about September 16, 2024. Annonce • Jul 19
Altius Minerals Corporation to Report Q2, 2024 Results on Aug 08, 2024 Altius Minerals Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Upcoming Dividend • May 24
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%). Annonce • May 10
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About June 14, 2024 The Altius Minerals Corporation’s board of directors has declared an increased quarterly dividend of $0.09 per share, which represents a 12.5% increase over recent quarterly levels. The current quarterly dividend is payable to all shareholders of record at the close of business on May 31, 2024. The dividend is expected to be paid on or about June 14, 2024. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.11 in 1Q 2023) First quarter 2024 results: EPS: CA$0.10 (down from CA$0.11 in 1Q 2023). Revenue: CA$13.9m (down 39% from 1Q 2023). Net income: CA$4.72m (down 6.8% from 1Q 2023). Profit margin: 34% (up from 22% in 1Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • Apr 20
Altius Minerals Corporation to Report Q1, 2024 Results on May 08, 2024 Altius Minerals Corporation announced that they will report Q1, 2024 results After-Market on May 08, 2024 Annonce • Apr 19
Altius Minerals Corporation Provides Revenue Guidance for the First Quarter of 2024 Altius Minerals Corporation provided revenue guidance for the first quarter of 2024. For the quarter, the company expected attributable royalty revenue of approximately $17.4 million. Annonce • Mar 13
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About April 01, 2024 Altius Minerals Corporation declared a quarterly dividend of $0.08 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on March 18, 2024. The dividend is expected to be paid on or about April 01, 2024. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: CA$0.20 (vs CA$0.82 in FY 2022) Full year 2023 results: EPS: CA$0.20 (down from CA$0.82 in FY 2022). Revenue: CA$69.0m (down 32% from FY 2022). Net income: CA$9.54m (down 75% from FY 2022). Profit margin: 14% (down from 37% in FY 2022). Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annonce • Mar 02
Altius Minerals Corporation, Annual General Meeting, May 17, 2024 Altius Minerals Corporation, Annual General Meeting, May 17, 2024. Annonce • Jan 24
Altius Minerals Corporation to Report Q4, 2023 Results on Mar 11, 2024 Altius Minerals Corporation announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Mar 11, 2024 Upcoming Dividend • Nov 22
Upcoming dividend of CA$0.08 per share at 1.7% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (8.4%). Annonce • Nov 10
Altius Minerals Corporation Declares Quarterly Dividend, Payable on December 15, 2023 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.08 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on November 30, 2023. The dividend is expected to be paid on or about December 15, 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: CA$0.08 (vs CA$0.23 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.08 (down from CA$0.23 in 3Q 2022). Revenue: CA$15.2m (down 42% from 3Q 2022). Net income: CA$3.70m (down 65% from 3Q 2022). Profit margin: 24% (down from 41% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. Independent Director Teresa Conway was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Aug 23
Upcoming dividend of CA$0.08 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (8.7%). New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: CA$0.06 (vs CA$0.17 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.06 (down from CA$0.17 in 2Q 2022). Revenue: CA$17.3m (down 37% from 2Q 2022). Net income: CA$3.08m (down 63% from 2Q 2022). Profit margin: 18% (down from 30% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • Aug 09
Altius Minerals Corporation Declares A Quarterly Dividend, Payable on or About September 15, 2023 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.08 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on August 31, 2023. The dividend is expected to be paid on or about September 15, 2023. New Risk • Jul 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annonce • Jun 22
Altius Minerals Corporation (TSX:ALS) and Orogen Royalties Inc. (TSXV:OGN) acquired Firenze gold-silver project in Nevada, USA. Altius Minerals Corporation (TSX:ALS) and Orogen Royalties Inc. (TSXV:OGN) acquired Firenze gold-silver project in Nevada, USA on June 21, 2023. The Firenze project is available for sale or option.Altius Minerals Corporation (TSX:ALS) and Orogen Royalties Inc. (TSXV:OGN) completed the acquisition of Firenze gold-silver project in Nevada, USA on June 21, 2023. New Risk • Jun 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€2.5m sold). Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.08 per share at 1.4% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.8%). Annonce • May 11
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About June 30, 2023 Altius Minerals Corporation board of directors has declared a quarterly dividend of $0.08per share. The current quarterly dividend is payable to all shareholders of record at the close of business on June 15, 2023. The dividend is expected to be paid on or about June 30, 2023. Reported Earnings • May 09
First quarter 2023 earnings released: EPS: CA$0.11 (vs CA$0.29 in 1Q 2022) First quarter 2023 results: EPS: CA$0.11 (down from CA$0.29 in 1Q 2022). Revenue: CA$22.7m (down 16% from 1Q 2022). Net income: CA$5.06m (down 58% from 1Q 2022). Profit margin: 22% (down from 45% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 26
Co-Founder recently sold €2.5m worth of stock On the 24th of March, Brian Dalton sold around 166k shares on-market at roughly €15.15 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Brian's only on-market trade for the last 12 months. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: CA$0.82 (vs CA$0.97 in FY 2021) Full year 2022 results: EPS: CA$0.82 (down from CA$0.97 in FY 2021). Revenue: CA$102.0m (up 25% from FY 2021). Net income: CA$37.5m (down 6.3% from FY 2021). Profit margin: 37% (down from 49% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Annonce • Jan 26
Altius Minerals Corporation to Report Q4, 2022 Results on Mar 07, 2023 Altius Minerals Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 07, 2023 Recent Insider Transactions • Jan 19
Independent Director recently sold €94k worth of stock On the 12th of January, James Digby Strauss sold around 6k shares on-market at roughly €15.73 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €142k. Insiders have been net sellers, collectively disposing of €227k more than they bought in the last 12 months. Upcoming Dividend • Nov 22
Upcoming dividend of CA$0.08 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (9.2%). Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: CA$0.22 (vs CA$0.24 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.22. Revenue: CA$25.9m (up 27% from 3Q 2021). Net income: CA$10.7m (up 7.7% from 3Q 2021). Profit margin: 41% (down from 49% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Upcoming Dividend • Aug 23
Upcoming dividend of CA$0.08 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (9.6%). Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: CA$0.17 (vs CA$0.38 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.17 (down from CA$0.38 in 2Q 2021). Revenue: CA$27.4m (up 29% from 2Q 2021). Net income: CA$8.21m (down 47% from 2Q 2021). Profit margin: 30% (down from 74% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 8.2% compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.07 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (7.4%). Reported Earnings • May 12
First quarter 2022 earnings released: EPS: CA$0.29 (vs CA$0.28 in 1Q 2021) First quarter 2022 results: EPS: CA$0.29 (up from CA$0.28 in 1Q 2021). Revenue: CA$27.1m (up 55% from 1Q 2021). Net income: CA$12.1m (up 3.6% from 1Q 2021). Profit margin: 45% (down from 67% in 1Q 2021). Over the next year, revenue is forecast to grow 2.1%, compared to a 39% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Independent Director Andre Gaumond was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CA$0.97 (up from CA$0.65 loss in FY 2020). Revenue: CA$81.7m (up 36% from FY 2020). Net income: CA$40.0m (up CA$66.9m from FY 2020). Profit margin: 49% (up from net loss in FY 2020). Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 10%, compared to a 26% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • Feb 25
Altius Minerals Corporation Reports Update on New Mineral Exploration Discoveries Altius Minerals Corporation reported on new mineral exploration discoveries that have recently been publicly announced that relate to its Chapada 3.7% copper stream interest and its Silicon 1.5% net smelter return ("NSR") royalty interest, and to extend congratulations to the exploration teams at each of Lundin Mining Corporation ("Lundin Mining") and AngloGold Ashanti ("AGA"), respectively. On February 10, 2022, Lundin Mining announced initial drill results from a new high-grade copper and gold discovery in Brazil referred to as Saúva, which is located approximately 15 kilometres north of the current mining and processing area at its Chapada operation and on lands that are subject to Altius's copper stream interest. Published drill result highlights included: Hole FOR-113: 55.48 m at 0.88% Cu and 1.15 g/t Au or 1.72% CuEq, from 6.52 m including: 27.26 m at 1.30% Cu and 1.89 g/t Au or 2.68% CuEq, from 33.74 m, Hole FOR-115: 65.45 m at 0.61% Cu and 0.70 g/t Au or 1.12% CuEq, from 23.55 m including: 18.41 m at 1.26% Cu and 1.92 g/t Au or 2.66% CuEq, from 50.43 m, Hole FOR-123: 64.25 m at 0.72% Cu and 1.10 g/t Au or 1.51% CuEq, from 158.45 m including: 43.25 m at 0.90% Cu and 1.52 g/t Au or 2.01% CuEq, from 158.45 m, and: 70.40 m at 0.42% Cu and 0.11 g/t Au or 0.50% CuEq, from 248.70 m including: 8.56 m at 1.04% Cu and 0.16 g/t Au or 1.16% CuEq, from 248.70 m, Hole FOR-135: 57.31 m at 0.79% Cu and 1.06 g/t Au or 1.56% CuEq, from 8.29 m including: 17.95 m at 1.27% Cu and 1.98 g/t Au or 2.71% CuEq, from 32.05 m, and: 12.80 m at 0.44% Cu and 0.11 g/t Au or 0.52% CuEq, from 189.20 m, Hole FOR-148: 74.06 m at 0.81% Cu and 1.27 g/t Au or 1.74% CuEq, from 116.00 m including: 19.39 m at 1.80% Cu and 3.61 g/t Au or 4.43% CuEq, from 149.61 m. Lundin Mining also commented that Chapada expansion studies are ongoing, including evaluation of a scenario which would potentially increase annual processing capacity to 32 Mt per annum from the current 24 Mt per annum. Altius advises that under its copper streaming agreement dated March 31, 2016, an expansion that increases copper production by at least 33% relative to a June 1, 2016 reference date results in a reduction in the copper stream rate payable to Altius from 3.7% to 2.65%. Any additional increases in the copper production rate beyond 33% will not however result in any further stream rate reductions. The stream rate also reduces to 1.5% when 75 million pounds of copper have been delivered under the stream (with approximately 23 million pounds of copper delivered to the end of 2021 over the initial approximately 5 year period since the agreement was entered into). On February 22, 2022, AGA announced a maiden inferred resource of 3.37 million ounces of gold for the Central-Silicon gold deposit discovery within the Silicon Project located near Beatty, Nevada. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 18% share price gain to €14.36, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.10 per share. Upcoming Dividend • Nov 22
Upcoming dividend of CA$0.07 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 December 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (7.3%). Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS CA$0.24 (vs CA$0.96 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$20.4m (up 33% from 3Q 2020). Net income: CA$9.95m (up CA$49.9m from 3Q 2020). Profit margin: 49% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of CA$0.07 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 15 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (6.8%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS CA$0.38 (vs CA$0.10 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$21.2m (up 106% from 2Q 2020). Net income: CA$15.6m (up 273% from 2Q 2020). Profit margin: 74% (up from 41% in 2Q 2020). Upcoming Dividend • May 21
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 15 June 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.5%). Reported Earnings • May 12
First quarter 2021 earnings released: EPS CA$0.28 (vs CA$0.084 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$17.5m (up 34% from 1Q 2020). Net income: CA$11.7m (up CA$15.2m from 1Q 2020). Profit margin: 67% (up from net loss in 1Q 2020). Annonce • May 12
Altius Minerals Corporation Declare Dividend, Payable on or About June 15, 2021 Altius Minerals Corporation announced that its board of directors has declared a cash dividend of five cents per common share payable to all shareholders of record at the close of business on May 31, 2021. The dividend is expected to be paid on or about June 15, 2021. Annonce • Apr 20
Altius Minerals Corporation Provides Revenue Guidance for the First Quarter Ended March 31, 2021 Altius Minerals Corporation provided revenue guidance for the first quarter ended March 31, 2021. The company expects to report attributable quarterly royalty revenue of approximately $17.7 million ($0.43 per share) for the first quarter ended March 31, 2021. This compares to quarterly revenues of $16.3 million ($0.39 per share) in first quarter 2020. Executive Departure • Apr 10
Independent Director has left the company On the 31st of March, Donald Warr's tenure as Independent Director ended after 14.4 years in the role. As of December 2020, Donald personally held 99.10k shares (€852k worth at the time). Donald is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 12
Full year 2020 earnings released: CA$0.65 loss per share (vs CA$0.41 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CA$60.1m (down 1.9% from FY 2019). Net loss: CA$26.9m (down 254% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue beats expectations Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 26%, compared to a 21% growth forecast for the Metals and Mining industry in Germany. Annonce • Mar 12
Altius Minerals Corporation Declares Cash Dividend, Payable on or About March 31, 2021 Altius Minerals Corporation that its board of directors has declared a cash dividend of five cents per common share payable to all shareholders of record at the close of business on March 19, 2021. The dividend is expected to be paid on or about March 31, 2021. Annonce • Feb 27
Altius Minerals Corporation, Annual General Meeting, May 12, 2021 Altius Minerals Corporation, Annual General Meeting, May 12, 2021. Is New 90 Day High Low • Feb 16
New 90-day high: €10.40 The company is up 50% from its price of €6.95 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 56% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.68 per share. Annonce • Jan 27
Altius Minerals Corporation to Report Fiscal Year 2020 Results on Mar 10, 2021 Altius Minerals Corporation announced that they will report fiscal year 2020 results After-Market on Mar 10, 2021 Is New 90 Day High Low • Jan 20
New 90-day high: €9.90 The company is up 40% from its price of €7.05 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 54% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.39 per share. Is New 90 Day High Low • Jan 05
New 90-day high: €8.85 The company is up 34% from its price of €6.60 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 42% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.74 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €8.20 The company is up 21% from its price of €6.75 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.39 per share. Is New 90 Day High Low • Dec 02
New 90-day high: €7.45 The company is up 8.0% from its price of €6.90 on 03 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.13 per share. Reported Earnings • Nov 13
Third quarter 2020 earnings released: CA$0.96 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CA$15.3m (down 2.0% from 3Q 2019). Net loss: CA$39.9m (down CA$44.4m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Oct 29
Altius Minerals Corporation and Altius Renewable Royalties Corp. Announce the Joint Venture Altius Minerals Corporation announced the joint venture between its subsidiary, Altius Renewable Royalties Corp., and certain funds managed by affiliates of Apollo Global Management Inc. This USD 25 million investment in Tri Global Energy (“TGE”) follows an initial USD 30 million investment announced in first quarter of 2019 and reflects TGE’s continuing success in completing project sales with attached royalties while also expanding its future projects pipeline. Annonce • Oct 04
Altius Minerals Corp. Provides Third Quarter Project Generation Business Update Altius Minerals Corp. provided an update on its project generation (PG) business activities and the performance of its junior equities portfolio for the third quarter of 2020. During the quarter, Altius completed three new agreements with respect to precious metals projects it has generated on the island of Newfoundland where exploration activity has recently begun to accelerate on the strength of several potential new development and discovery announcements from a variety of companies. Wilding Lake Gold Project. Altius generated the Wilding Lake project in 2016 and discovered high-grade gold mineralization in subsequent trenching. It then vended the project to a junior company that successfully intersected multiple styles of high-grade gold mineralization in initial drilling, but which were not followed up with additional drilling due to poor market conditions. Following its full reacquisition of the project earlier this year, Altius has now vended Wilding Lake to a private company, Teton Opportunities Inc. ("Teton"), which is preparing the project for a substantial follow up drilling program anticipated early in 2021. As part of the agreement, Altius will receive 12.5 million common shares and 6.25 million warrants, representing 19% of Teton, which is obliged to go public within 24 months. The Company must raise at least $2.5 million as an obligation of the agreement and commence a comprehensive exploration program with a minimum exploration expenditure of $1,000,000 within 24 months. Altius recently assembled a district scale gold project in south central Newfoundland. The Golden Baie project occupies approximately 95 km of a major regional structure featuring numerous historical gold prospects and several new gold occurrences, locally exhibiting spectacular coarse free gold in quartz veins hosted within altered argillite. The structural setting is considered broadly analogous to that of the Queensway project located north of Golden Baie, from which New Found Gold reported significant high grade gold results in recent drilling. The Sail Pond project comprises recently discovered occurrences of silver-copper-lead-zinc sulphide mineralization of epigenetic sediment-hosted style and encompasses a large prospective terrain on the Northern Peninsula of Newfoundland. Altius has completed an agreement with LAT that will see Altius become a 19.9% shareholder and require it to expend a minimum of $500,000 on the project in the next 12 months. Annonce • Oct 03
Teton Opportunities Inc. acquired Wilding Lake Gold Project from Altius Minerals Corporation (TSX:ALS). Teton Opportunities Inc. acquired Wilding Lake Gold Project from Altius Minerals Corporation (TSX:ALS) on October 2, 2020. As part of the agreement, Altius will receive 12.5 million common shares and 6.25 million warrants of Teton Opportunities.
Teton Opportunities Inc. completed the acquisition of Wilding Lake Gold Project from Altius Minerals Corporation (TSX:ALS) on October 2, 2020. Is New 90 Day High Low • Oct 01
New 90-day low: €6.20 The company is down 2.0% from its price of €6.30 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.46 per share. Annonce • Jul 18
Altius Minerals Corporation to Report Q2, 2020 Results on Aug 06, 2020 Altius Minerals Corporation announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 06, 2020 
