Altius Minerals Corporation (TSX: ALS, OTCQX: ATUSF) has outlined its expectations for fourth quarter and full year 2024 attributable royalty revenue, forecasting figures of $13.6 million for Q4 and $65.7 million for the entire year. This anticipated performance reflects the company’s diverse portfolio across various sectors, including base and battery metals, potash, iron ore, and renewable energy.
The expected attributable royalty revenue for 2024 showcases Altius’s strategic asset management in a number of areas. Base and Battery Metals are expected to generate $19.42 million, bolstered by higher realized prices despite a dip in copper stream deliveries in Q4 due to timing issues at the Chapada mine; however, deliveries have rebounded in January 2025. The Potash segment anticipates revenues of $18.38 million, with Q4 figures at $4.91 million, reflecting lower prices but benefiting from increased production levels and positive adjustments from Nutrien mines.
In addition, Iron Ore royalties are projected at $11.22 million, primarily from dividends received from the Labrador Iron Ore Royalty Corporation, while the Renewable Energy sector expects revenues of $6.94 million, including investment income as operational projects ramp up. Notably, there are no anticipated revenues from Thermal Coal this year, contrasting with last year’s contribution of $8.85 million. Furthermore, Altius expects approximately $9.71 million from interest and other income sources, illustrating the company’s diverse revenue streams and strategic asset management approach.
The preliminary cost of sales related to the Chapada copper stream for the year is estimated at $5.50 million, excluding depletion costs. This provides a clearer picture of the company’s profitability margins. Altius also utilizes several non-GAAP financial measures to assess its performance, including attributable revenue and adjusted EBITDA. These metrics are essential for internal management to evaluate financial health and facilitate comparisons with industry peers.
Investors can expect a detailed presentation of Altius’s annual financial results on March 11, 2025, followed by a conference call on March 12 at 9:00 AM ET. This session will provide insights into individual royalty performances and asset developments critical for understanding the company’s future trajectory.
Altius continues to focus on creating shareholder value through a diversified portfolio of royalty assets linked to long-life, high-margin operations. The company’s strategy aligns with global sustainability trends, including the transition to renewable energy sources and increasing demand for essential minerals like copper, lithium, nickel, cobalt, and potash.
