Altius Minerals (ALS) investor relations material

Portfolio diversification and longevity

• Royalties span electricity, potash, lithium, clean steel, copper, gold, and nickel, with base and battery metals comprising 42% of net asset value and potash 18%.

• Assets are geographically diversified, with 46% in Canada, 25% in the USA, and 23% in South America.

• Average remaining royalty reserve lives for mines exceed 35 years; electricity plants have 20–30 year equipment lives and infinite resources.

Revenue growth and market positioning

• Royalty revenue is projected to potentially triple over the next five years, driven by ramp-ups, new builds, and expansions in key commodities.

• Potash royalty mines have increased production by over 50% since 2014, raising global market share from 18% to 24%.

• High-purity iron ore royalties in the Labrador Trough are positioned to benefit from growing demand, with advanced projects like Kami targeting DRI-grade pellet feed.

Key commodity and project updates

• The Saúva deposit at Chapada is expected to boost copper output by 25–35% from 2029; Curipamba construction adds ~$10M/year in royalty revenue.

• Lithium royalty transaction adds significant revenue growth potential, with long-life assets and expansion opportunities.

• Electricity generation royalties in the US are set to benefit from a 15% market growth over five years, with recurring revenue estimated at $65M–$70M.