Altius Minerals (ALS) investor relations material

Strategic achievements and portfolio growth

• Monetized 2/3 of Arthur Gold royalty for C$375M, retaining 1/3 for future upside and gold diversification.

• Acquired Lithium Royalty Corp. for $520M, expanding exposure to battery metals.

• Increased stakes in Labrador Iron Ore Royalty Corp. to 8% and Great Bay Royalties to 50%.

• Completed a $181.5M equity offering and expanded credit facility to $350M.

• Achieved 20%+ average compounded share price growth over 29 years and raised annual dividend by 400% since inception.

Royalty revenue growth and diversification

• Projected strong royalty revenue growth through 2030, driven by ramp-ups, expansions, and new builds in gold, lithium, electricity, and base metals.

• Portfolio diversified across gold (7%), potash (14%), lithium (32%), electricity (22%), iron ore (13%), and base metals (11%).

• Geographic exposure balanced between Canada (32%), USA (32%), and South America (26%).

• Average royalty reserve lives exceed 35 years for mines; electricity assets have 20–30 year equipment lives.

Electricity royalty platform (GBR/ARR)

• Holds 50% effective interest in Great Bay Royalties, with 9.4 GW under royalty across wind and solar projects.

• US power generation expected to grow 15% over five years; PPA prices up ~50% in three years.

• GBR revenue projected to exceed $100M by 2030, with additional upside from developer fee sharing.