Mr. Ben Lewis reports

ALTIUS REPORTS Q2 2024 EXPECTED ATTRIBUTABLE ROYALTY REVENUE(1)

Altius Minerals Corp. expects to release Q2 2024 attributable royalty revenue of $21.8-million.

Base and battery metals (primarily copper) revenue of $5.5-million for the quarter reflects higher realized prices as well as higher copper stream deliveries from Chapada.

The corporation's preliminary cost of sales related to the Chapada copper stream, excluding any depletion for the quarter, is $1.6-million.

Potash portfolio revenue during the second quarter was $4.8-million on slightly lower production volumes and prices.

Iron ore royalty revenue in the form of dividends from Labrador Iron Ore Royalty Corp., which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of Canada, was $4.1-million, resulting from a higher IOC dividend.

Renewable energy royalty revenue at Altius Renewable Royalties Corp. (ARR) of $2.1-million reflects the continuing ramp-up of operational stage portfolio projects and includes $700,000 of investment income generated in its joint venture. The corporation owns 58 per cent of ARR.

Interest and other revenues includes $3.7-million in investment income related to the settlement of a loan receivable with Adventus Mining Corp.

Second quarter 2024 financial results conference call and webcast details

Additional details relating to individual royalty performances and asset level developments will be provided with the release of our interim financial results, which will occur on Aug. 8, 2024, after the close of market with a conference call to follow on Aug. 9, 2024.

Date:  Aug. 9, 2024

Time:  9 a.m. ET

Toll-free dial-in number:  1-800-717-1738

International dial-in number:  1-289-514-5100

Conference call title and ID:   Altius Minerals Q2 2024 financial results, ID 48323

About Altius Minerals Corp.

Altius's strategy is to create per-share growth through a diversified portfolio of royalty assets that relate to long-life, high-margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro trends each hold the potential to cause increased demand for many of Altius's commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore and potash. In addition, Altius runs a successful project generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 46,467,476 common shares issued and outstanding that are listed on Canada's Toronto Stock Exchange. It is included in each of the S&P/TSX Small Cap, the S&P/TSX Global Mining and the S&P/TSX Canadian Dividend Aristocrats indices.

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