Disclosure: Bullpen receives compensation from Altius Minerals for research coverage.

Altius Minerals (ALS) announced the close of its US$168M ARR consolidation, which takes its effective interest in GBR to 50% and simplifies the corporate structure…

… at a time when renewable power production is accelerating…

… and earning meaningfully higher prices on that production, as electricity demand rises on the back of data center deployment, reshoring, and transportation.

The transaction gives Altius greater participation in GBR’s revenue ramp as new royalties come online, and with the credit facility getting upsized by $125M…

… more deployment could be coming, with management highlighting the attractiveness of renewable energy as an end market alongside its US$73M Coles Wind deal.

Read our Altius report

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