Altius Renewable Royalties Reports Q3 Expected Attributable Royalty Revenue(1) of $1.6 Million, Increases Guidance

Oct 17, 2022

Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR”, the “Company”, or the “Corporation”), expects to report Q3 2022 attributable royalty revenue of $1.6 million, which compares to $0.03 million of attributable royalty revenue recorded in Q3 2021 and $0.6 million in Q2 2022. Revenue in the third quarter exceeded the total revenue for the first half of the year, driven primarily by strong summer merchant power prices. As a result, the 50% owned Great Bay Renewables (“GBR”) joint venture has increased its 2022 annual royalty revenue guidance to $6.5 - $7.0 million from the $4.5 – $5.5 million previously provided.

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