Altius Minerals operates as a unique royalty company, distinguishing itself through a focus on base metals and renewable energy rather than traditional precious metals. By leveraging a counter-cyclical investment strategy, the firm secures long-term revenue streams from mining projects during periods of capital scarcity. Guest Luke Bridgeton, Portfolio Manager at Hosking Partners, highlights the company’s dual-model approach: acquiring existing royalties and utilizing an internal project generation team to identify and stake new mineral interests. This strategy provides exposure to commodities like copper, nickel, and potash while maintaining a lean operating structure with minimal overhead. Furthermore, Altius has innovated in the renewable sector by creating mezzanine-style financing products for power generation projects. The business model relies on long-dated, top-line revenue interests, offering investors significant embedded optionality and protection against the operational risks typically associated with mining.
Sign in to continue reading, translating and more.
Continue
