Altius Minerals (TSE:ALS) has released an update.
Altius Minerals Corporation reported a first-quarter 2024 royalty revenue of $17.4 million, a decrease from the previous year, but is optimistic about the future due to a 148% growth in renewable energy revenue and potential value from its Kami and Silicon royalties. The company also increased its annual dividend to $0.36 per share, and despite a decline in potash prices, expects a return to higher volumes. Additionally, the acquisition of the El Domo Curipamba project by Silvercorp Metals Inc. has resulted in a cash settlement for Altius while retaining their 2% NSR royalty.
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