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 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.
Altius is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices and is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties.
Altius holds royalty interests in 13 producing assets throughout the Americas. In Canada these assets include a 4% NSR royalty on Hudbay's 777 copper-zinc mine in Manitoba, 6 potash mines and 2 coal mines located in western Canada, and a royalty on the Voisey's Bay nickel-copper-cobalt mine in Labrador. In Brazil, we have a 3.7% "stream" interest on Lundin Mining's Chapada Mine. We also have a royalty on the Gunnison copper ISL mine in the USA, expected to produce first cathode by the end of 2020. The Company also receives regular dividend income from is equity ownership in Labrador Iron Ore Royalty Company, which is treated as iron ore royalty revenue, being a pass-through vehicle.
For additional information regarding each of the royalties please see the Royalties section of this website.
|Attributable Revenue||Operator||2020 Revenues||Commodity|
|Voisey's Bay||Vale||C$1.0 million||Nickel, Copper, Cobalt|
|777||Hudbay||C$10.6 million||Copper, Zinc, Gold, Silver|
|Chapada Stream||Lundin Mining||C$15.3 million||Copper|
|IOC||Iron Ore Company (IOC)||C$8.8 million||Iron Ore|
|Genesee||Capital Power||C$7.5 million||Coal / Electricity|
|Paintearth||Westmoreland / ATCO||-||Coal / Electricity|
|Sheerness||Westmoreland / ATCO||C$5.7 million||Coal / Electricity|
|Highvale||TransAlta||C$0.4 million||Coal / Electricity|
|Cheviot||Teck||C$1.6 million||Steelmaking Coal|
|Patience Lake||Nutrien||C$0.4 million||Potash|
|Other||Various||C$2.0 million||Coal bed methane, Renewables, Interest|
The Company also holds several other royalties on projects ranging from "shovel ready" development stage to exploration stage which it has primarily created as part of its original, and core project generation exploration business. The project generation pipeline contains a diversified portfolio of exploration stage projects and royalties, many of which are currently being advanced through various partner-funding arrangements.
Junior Equities Portfolio
Altius has also built a portfolio of directly and indirectly held junior resource investments that have been generated from founding and earn in option related payments through its joint venture strategy to advance projects as well as selective investing in other top-quality juniors employing a project generation and joint venture business model. The current portfolio position can be viewed here.