Altius Renewable Royalties (ARR) Q3 2024 earnings summary

Executive summary

• Entered a definitive agreement for acquisition by Royal Aggregator LP, with Altius Minerals retaining a majority stake.

• Shareholders (excluding Altius Minerals) to receive CAD $12.00 per share, totaling approximately CAD $162 million.

• Transaction expected to close around end of November 2024, pending shareholder and court approval.

Significant events and developments

• Received Competition Act approval and interim court order for the acquisition.

• Upon completion, ARR will delist from TSX and cease to be a reporting issuer.

Outlook and guidance

• Expects future royalties from investments in Bluestar Energy Capital, Hodson Energy, and Hexagon Energy, expanding the project pipeline to 18.7 GW.