Q2 2026 Altius Minerals Corp (AB) Earnings Call Transcript
Key Points
- Record Q2 royalty revenue of CAD30 million and adjusted EBITDA of CAD23 million, driven by higher realized prices and new lithium royalties.
- Increased effective interest in Great Bay Renewables (GBR) from 29% to 50%, positioning for significant growth in electricity royalty revenue.
- Strong liquidity position of approximately CAD500 million following equity raise and credit facility upsizing, enabling further accretive capital deployment.
- Positive lithium market outlook with tight inventories and expected seasonal demand strength, supporting upward revisions in revenue estimates.
- Board approved a 10% dividend increase to CAD0.11 per share, reflecting confidence in cash flow generation.
- Higher expenses in Q2, including cost of sales, G&A, share-based compensation, and amortization, partially offsetting revenue gains.
- Iron ore revenues continue to be impacted by lower production and higher capital investment at IOC.
- Volatility in lithium pricing remains a risk, with potential for price dips despite strong physical market conditions.
- Increased debt levels after drawing CAD100 million on the revolver, raising financial leverage.
- Uncertainty in electricity demand forecasts due to data center moratoriums and grid capacity constraints, potentially affecting GBR's deployment pace.
Good morning, ladies and gentlemen, and welcome to the Altius Q2 2026 Financial results conference call.(Operator Instructions) This call is being recorded on Tuesday, August 11, 2026. I would now like to turn the conference over to Flora Wood, VP of Investor Relations. Please go ahead.
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Thank you, Vincent. Good morning, everyone, and welcome to our Q2 2026 conference call. Our press release and interim filings came out yesterday after the close and are available on our website. This event is being webcast live, and you'll be able to access a replay of the call along with the presentation slides that have been added both to the home page in the Investors section of our website at altiusminerals.com.
Brian Dalton, CEO; and Stephanie Hussey, CFO, will speak on the call; and Ernie Ortiz, VP Corp Dev and Head of Lithium is also here as a resource for us in the Q&A. The forward-looking statement on slide 2 applies to everything we say both in our formal
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