Altius Minerals Expects Q3 Royalty Revenue to Rise 55%

Altius Minerals Corporation expects third-quarter attributable royalty revenue to reach a record of about C$33.2 million, up 55% from a year earlier, with electricity contributing the largest share of the preliminary total.

The estimate compares with C$21.4 million in the third quarter of 2025 and C$30 million in the second quarter of 2026. Attributable royalty revenue is a non-GAAP measure. Altius is a Canadian royalty company whose shares also trade on the U.S. OTCQX market under ATUSF.

Electricity contributed C$13.2 million, more than double the C$6.1 million recorded in the second quarter. The category includes C$9 million in interest and investment income, mostly tied to financing interconnection deposits.

The electricity increase also reflects Altius’s larger stake in Altius Renewable Royalties during the final two months of the quarter. Projects already in the operational stage continued commissioning and ramping up.

Base metals brought in C$8.5 million, up from C$7.6 million a year earlier but down from C$9.4 million in the second quarter. Potash contributed C$4.6 million, compared with C$5.5 million a year earlier.

Lithium revenue reached C$4.2 million, compared with C$18,000 a year earlier, but fell from C$6.4 million in the second quarter. Lower lithium prices and reduced production at the Tres Quebradas and Grota do Cirilo mines affected the quarterly figure.

Altius plans to release its full third-quarter results after the market closes Nov. 10. A conference call is scheduled for Nov. 11 at 9 a.m. ET (14:00 UTC).