The following is a summary of the Altius Minerals Corporation (ATUSF) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Altius reported Q4 2023 royalty revenue of $16.0 million, down from $23.1 million in Q4 2022.

• Full year 2023 royalty revenue was $73.9 million, a decrease from $103.5 million in 2022, primarily due to lower commodity prices and fewer revenue generators.

• Q4 2023 adjusted operating cash flow decreased to $7.7m from $19.2m in Q4 2022.

• The net loss for Q4 2023 was $2.2 million or $0.05 per share, compared to a net profit of $6.8m or $0.14 per share in Q4 2022.

• The adjusted net earnings per share for 2023 were down at $0.24, compared to $0.74 in 2022.

Business Progress:

• The renewable royalty revenue continues to develop due to new operating and development-stage royalties added in 2022.

• Altius put $30m into a solar project in Texas, with revenue generation expected in Q4 2023.

• A new debt financing option of $247m was secured in Q4 leading to an impressive liquidity of $107m at year-end.

• Despite a decline in lithium prices causing mine closures and halted projects, future growth is expected from the base and battery metals segment.

• There was successful production at the Grota do Cirilo lithium mine in Brazil, marking their first-ever direct lithium-based royalty revenue.

• Expansion options for the Chapada copper and Voisey's Bay are being explored, with production expected to commence this year.

More details: ALTIUS MINERALS CORP IR

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