Altius Minerals Corporation reported attributable royalty revenue of $30.0 million for the second quarter of 2026, comparing to $12.7 million in Q2 2025. Total revenue reached $23.2 million, up from $9.8 million in the prior-year period.

The revenue growth was driven by higher realized prices, the timing of copper stream deliveries, higher electricity royalty revenue, and the addition of four operating lithium royalties following the integration of Lithium Royalty Corp. Net earnings for the quarter reached $8.6 million, or $0.16 per share, compared to $5.5 million, or $0.12 per share, in Q2 2025. Adjusted EBITDA rose to $23.3 million from $7.5 million, while adjusted operating cash flow reached $14.0 million compared to $4.7 million.

In the company's royalty portfolio, Lundin Mining Corporation is delineating the Saúva copper-gold deposit discovery, located 15 kilometres north of the Chapada mine on lands encompassed by Altius's copper stream interest. Lundin Mining anticipates releasing a technical report for Chapada incorporating the Saúva pre-feasibility study and an updated mineral resource estimate in Q4 2026. AngloGold Ashanti plc recently published a technical report summary for the Arthur Gold Project, where Altius holds a 0.5% net smelter return royalty, declaring a first-time probable mineral reserve of 4.9 million ounces of gold and 7.8 million ounces of silver alongside estimated capital expenditures of US$3.6 billion.

Subsequent to the quarter, Altius completed a bought deal public offering of 3 million common shares at $60.50 per share for gross proceeds of $181.5 million. The company also amended its credit facility to $350 million, extending maturity to July 2030, and completed a tripartite transaction with Northampton and Apollo Funds that increased its effective interest in Great Bay Renewables LLC from 29% to 50%.

Reflecting its financial performance, the Altius board of directors declared an increased quarterly dividend of $0.11 per share, representing a 10% increase over recent quarterly distributions.

Read the full announcement: Altius Reports Q2 2026 Attributable Royalty Revenue of $30.0M and Adjusted Earnings(1) of $7.6M