Altius Minerals (ALS) Corporate presentation summary

Portfolio diversification and longevity

• Royalties span electricity, potash, lithium, clean steel, copper, gold, and nickel, with average royalty reserve lives exceeding 35 years and electricity assets featuring 20–30 year equipment lives and infinite resources.

• Portfolio NAV is diversified across Canada (46%), USA (25%), and South America (23%), with base and battery metals comprising 42% of NAV.

Revenue growth outlook

• Royalty revenue has the potential to triple over the next five years, driven by ramp-ups, new builds, and expansions in key assets such as Mariana, Curipamba, Saúva, and others.

• Progressive ramp-up in potash volumes and ongoing commissioning of electricity projects support revenue growth.

Key asset and market developments

• Curipamba construction underway, expected to add ~$10M/year in royalty revenue; Saúva development could boost Chapada copper output by 25–35%.

• Voisey's Bay underground mines ramping up production of nickel, copper, and cobalt.

• Lithium Royalty Corp. acquisition expected to close in early March, with significant revenue growth potential and recent portfolio developments including Goulamina royalty acquisition and first shipments from Mariana.

• Potash royalty mines now represent 24% of global supply, with production up over 50% since 2014 and global demand up 40%.