Potash Market Strength
Reports from potash royalty mines indicate a firm market with strong demand, leading to a 10% to 20% strengthening of prices.
Significant Iron Ore Investments
Rio Tinto IOC continues its multi-year program of modernizing and upgrading its infrastructure in Labrador West with significant capital investment.
Base Metals Progress
Vale reports positive progress with higher production volumes expected from the Reid Brook and Eastern Deeps mines at Voisey's Bay.
Renewable Energy Investments
Altius Renewable Royalties continues to ramp up exposure to cash-flowing projects and secured a $100 million debt-based funding package.
Orogen Royalties Acquisition
Announcement of a proposed acquisition of Orogen Royalties and Triple Flag Precious Metals, with an implied increase in value for Altius's royalty interest.
Positive Net Earnings Growth
Net earnings for Q1 2025 were $6.3 million or $0.13 per share, compared to $4.8 million or $0.10 per share in Q1 2024.