The following is a summary of the Altius Minerals Corp. (ATUSF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Altius Minerals reported Q3 2024 royalty revenue of $16.6 million, a decrease from $17.8 million in Q3 2023.

• Adjusted EBITDA reflects higher base metal prices and dividends from iron ore growth but is offset by lower potash prices and coal revenue.

• Net earnings were $3.2 million, or $0.06 per share, slightly down from $3.5 million in the previous year.

• Adjusted operating cash flow remained stable at $10.9 million, comparable to last year's $11.0 million.

Business Progress:

• The company has ongoing projects nearing construction completion, including the Eastern Deeps and Tres Quebradas mines, and started construction at the El Domo mine.

• Potash demand is aligning with long-term growth projections, and Nutrien and Mosaic are increasing production which positively impacts Altius's royalties.

• Altius Renewable Royalties (ARR) announced a take-private transaction at $12 per share, expected to close in late November, enhancing capital access.

• Renewed investments in existing royalties and entry into renewable energy segment support future revenue.

Opportunities:

• Renewable energy segment growth offers new revenue channels through acquisitions and project advancements.

• Expanding operations in nickel, lithium, and copper mines in response to increasing demand for battery metals.

Risks:

• Dependency on the outcome of arbitration for strategic decisions regarding the silicon asset could affect long-term asset management.

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